# Summus Group LLC 401(k) Plan
Source: https://planprovider.pro/companies/summus-group-llc-401k-plan

> Summus Group LLC's 401(k) plan: 556 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Summus Group LLC

- **Sponsor EIN:** 332576014

- **Sponsor Address:** 970 CAMPUS DR., MUNDELEIN, IL, 60060

- **Plan Type:** 401(k)

- **Total Participants:** 556

- **Total Assets:** $52.5M

## 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|556|$52.5M|$1.4M|$3.2M|

## 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|

| EMPOWER ANNUITY INSURANCE COMPANY|RECORDKEEPER|$161,801|—|$161,801|

| GLOBAL RETIREMENT PARTNERS LLC|INVESTMENT ADVISOR|$36,000|—|$36,000|

| CHERRY BAKAERT LLP|Auditor|—|—|$0|

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $197,801

- **Estimated Expense Ratio:** 0.377% of plan assets

### 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|$197,801|$36,000|—|—|—|

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