Summit Management Consulting, L 401(k) match, vesting and fees
What Summit Management Consulting, L'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 | ADP, Inc. | Schedule C ↗ |
| Independent auditor | Cbiz Cpas P.C. (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
How the plan compares
Plan year 2024 medians for 2,134 defined-contribution plans in educational services with 100 to 499 participants.
| Summit Management Consulting, L: employer contribution per participant | $1,369 | |
| Peer median | $1,684 |
| Summit Management Consulting, L: average balance | $21,865 | |
| Peer median | $62,952 |
| Summit Management Consulting, L: admin expenses ÷ assets | 0.21% | |
| Peer median | 0.17% |
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 $3.4M at the end of plan year 2021 to $5.4M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 249 | $5.4M | $339K | $1,369 | 0.21% | Not published | Form 5500 ↗ |
| 2023 | 241 | $4.4M | $145K | $603 | 0.11% | Not published | Form 5500 ↗ |
| 2022 | 208 | $3.9M | $292K | $1,419 | 0.21% | Not published | Form 5500 ↗ |
| 2021 | 180 | $3.4M | $242K | $1,352 | 0.16% | Not published | Form 5500 ↗ |
Common questions
Does Summit Management Consulting, L match 401(k) contributions?
The match terms for the Summit Management Consulting, L.L.C. Employees Savings Plan have not been published from its filing yet. The plan year 2024 filing reports $339K in employer contributions, about $1,369 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Summit Management Consulting, L 401(k) match vested?
The vesting schedule for the Summit Management Consulting, L.L.C. Employees Savings Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Summit Management Consulting, L 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is ADP, Inc.. The plan administrator is Summit Management Consulting, L..
I left Summit Management Consulting, L. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Summit Management Consulting, L., (810) 982-7210) or the recordkeeper, ADP, Inc.. The Summit Management Consulting, L old 401(k) page lists the contacts from every plan filing. Find an old Summit Management Consulting, L 401(k)
Data from the public Form 5500 annual reports Summit Management Consulting, L filed with the U.S. Department of Labor (plan years 2021 and 2022 and 2023 and 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 Summit Management Consulting, L. Not financial advice. Report a correction · Methodology