Plan Snapshot
- Plan Sponsor: Summit Utilities, INC.
- Sponsor EIN: 200929645
- Sponsor Address: 1000 FIANNA WAY, STE 520, FORT SMITH, AR, 72916
- Plan Type: 401(k)
- Total Participants: 1,341
- Total Assets: $100.1M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 1,341 | $100.1M | $5.8M | $8.5M |
| 2023 | 1,282 | $79.8M | $5.0M | $7.6M |
| 2022 | 1,052 | $59.5M | $4.0M | $6.2M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| PLANTE & MORAN, PLLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- PLANTE & MORAN, PLLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $278,999 | $126,464 | — | — | — |
| 2023 | $208,921 | $91,541 | — | — | — |
| 2022 | $132,272 | $54,758 | $77,514 | — | — |