Summerset Marine Construction 401(k) match, vesting and fees
What Summerset Marine Construction's 401(k) plan says about matching contributions
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Transamerica Financial Life Ins | Schedule C ↗ |
| Independent auditor | Templeton & Company (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
| Late participant contributions | Reported on the filing | Schedule H ↗ |
How the plan compares
Plan year 2024 medians for 8,908 defined-contribution plans in manufacturing with 100 to 499 participants.
| Summerset Marine Construction: employer contribution per participant | $1,557 | |
| Peer median | $1,847 |
| Summerset Marine Construction: average balance | $6,472 | |
| Peer median | $65,512 |
| Summerset Marine Construction: admin expenses ÷ assets | 1.89% | |
| Peer median | 0.32% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets were $680K at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 112 | $680K | $163K | $1,557 | 1.89% | Not published | Form 5500 ↗ |
Common questions
Does Summerset Marine Construction match 401(k) contributions?
The match terms for the The Lifetime 401(k) Plan have not been published from its filing yet. The plan year 2024 filing reports $163K in employer contributions, about $1,557 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Summerset Marine Construction 401(k) match vested?
The vesting schedule for the The Lifetime 401(k) Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Summerset Marine Construction 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Transamerica Financial Life Ins. The plan administrator is Administrative Group, LLC DBA Tag Resources.
I left Summerset Marine Construction. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Administrative Group, LLC DBA Tag Resources, (865) 670-1844) or the recordkeeper, Transamerica Financial Life Ins. The Summerset Marine Construction old 401(k) page lists the contacts from every plan filing. Find an old Summerset Marine Construction 401(k)
Data from the public Form 5500 annual reports Summerset Marine Construction filed with the U.S. Department of Labor (plan years 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Summerset Marine Construction. Not financial advice. Report a correction · Methodology