Plan Snapshot
- Plan Sponsor: Summus Health Care, LLC
- Sponsor EIN: 822957179
- Sponsor Address: 2781 LAKE VISTA DR., LEWISVILLE, TX, 75067
- Plan Type: 401(k)
- Total Participants: 168
- Total Assets: $4.1M
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 | 168 | $4.1M | $0 | $363,955 |
| 2023 | 136 | $3.4M | $322 | $313,847 |
| 2022 | 131 | $2.7M | $0 | $392,550 |
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 |
|---|---|---|---|---|
| IMA ADVISORY SERVICES INC. | INVESTMENT ADVISOR | $14,865 | — | $14,865 |
| EMPOWER ANNUITY INSURANCE COMPANY | RECORDKEEPER | $11,525 | — | $11,525 |
| PRICE KUBECKA, PLLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- PRICE KUBECKA, PLLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $26,390
- Estimated Expense Ratio: 0.651% 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 | $28,616 | $16,151 | $940 | — | — |
| 2023 | $24,896 | — | $24,896 | — | — |
| 2022 | $25,277 | — | $25,277 | — | — |