Summit Center 401(k) match, vesting and fees
What Summit Center'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 Retirement Solutions | Schedule C ↗ |
| Independent auditor | Jeffrey L. Offhaus, Cpa LLC (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
How the plan compares
Plan year 2025 medians for 117 defined-contribution plans in educational services with 500 to 999 participants.
| Summit Center: employer contribution per participant | $1,357 | |
| Peer median | $1,858 |
| Summit Center: average balance | $52,268 | |
| Peer median | $109,004 |
| Summit Center: admin expenses ÷ assets | 0.37% | |
| Peer median | 0.11% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $31M at the end of plan year 2021 to $36.8M at the end of plan year 2025.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2025 | 741 | $36.8M | $955K | $1,357 | 0.37% | Not published | Form 5500 ↗ |
| 2024 | 696 | $32.5M | $884K | $1,352 | 0.36% | Not published | Form 5500 ↗ |
| 2023 | 575 | $28.9M | $813K | $1,483 | 0.36% | Not published | Form 5500 ↗ |
| 2022 | 598 | $25.7M | $774K | $1,380 | 0.33% | Not published | Form 5500 ↗ |
| 2021 | 551 | $31M | $768K | $1,463 | 0.27% | Not published | Form 5500 ↗ |
Common questions
Does Summit Center match 401(k) contributions?
The match terms for the The Summit Center 401(k) Plan have not been published from its filing yet. The plan year 2025 filing reports $955K in employer contributions, about $1,357 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Summit Center 401(k) match vested?
The vesting schedule for the The Summit Center 401(k) Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Summit Center 401(k)?
The recordkeeper listed on Schedule C of the plan year 2025 filing is Transamerica Retirement Solutions. The plan administrator is The Summit Center Inc..
I left Summit Center. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (The Summit Center Inc., (716) 629-3466) or the recordkeeper, Transamerica Retirement Solutions. The Summit Center old 401(k) page lists the contacts from every plan filing. Find an old Summit Center 401(k)
Data from the public Form 5500 annual reports Summit Center filed with the U.S. Department of Labor (plan years 2021 and 2022 and 2023 and 2024 and 2025) 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 Summit Center. Not financial advice. Report a correction · Methodology