Plan Snapshot
- Plan Sponsor: The Summit Center INC.
- Sponsor EIN: 161095750
- Sponsor Address: 150 STAHL ROAD, GETZVILLE, NY, 14068
- Plan Type: 401(k)
- Total Participants: 477
- Total Assets: $32.5M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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 | 477 | $32.5M | $884,107 | $991,005 |
| 2023 | 374 | $28.9M | $812,776 | $918,748 |
| 2022 | 365 | $25.7M | $774,367 | $893,037 |
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 |
|---|---|---|---|---|
| TRANSAMERICA RETIREMENT SOLUTIONS | RECORDKEEPER | $52,796 | — | $52,796 |
| RBC CAPITAL MARKETS LLC | INVESTMENT AD VISORY - PL | $51,034 | — | $51,034 |
| ACTUARIAL CONSULTING SERVICES, INC | CONTRACT ADMINISTRATOR | $12,227 | $884 | $13,111 |
| JEFFREY L. OFFHAUS, CPA LLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- TRANSAMERICA RETIREMENT SOLUTIONS — RECORDKEEPER
- RBC CAPITAL MARKETS LLC — INVESTMENT AD VISORY - PL
- JEFFREY L. OFFHAUS, CPA LLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $116,941
- Estimated Expense Ratio: 0.360% 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 | $110,507 | $51,034 | $5,930 | — | — |
| 2023 | $99,241 | $44,717 | $9,594 | — | — |
| 2022 | $94,595 | $46,003 | $48,592 | — | — |