Summit Operating Services 401(k) match, vesting and fees
What Summit Operating Services' 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 | Fidelity Investments Institutional | Schedule C ↗ |
| Independent auditor | Weaver and Tidwell LLP (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
How the plan compares
Plan year 2024 medians for 289 defined-contribution plans in utilities with 100 to 499 participants.
| Summit Operating Services: employer contribution per participant | $4,313 | |
| Peer median | $3,629 |
| Summit Operating Services: average balance | $89,098 | |
| Peer median | $86,045 |
| Summit Operating Services: admin expenses ÷ assets | 0.22% | |
| Peer median | 0.26% |
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 $25.6M at the end of plan year 2021 to $29.5M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 370 | $29.5M | $1.4M | $4,313 | 0.22% | Not published | Form 5500 ↗ |
| 2023 | 331 | $26.9M | $1.4M | $4,231 | 0.24% | Not published | Form 5500 ↗ |
| 2022 | 293 | $20.2M | $1.1M | $3,993 | 0.26% | Not published | Form 5500 ↗ |
| 2021 | 324 | $25.6M | $1M | $3,328 | 0.20% | Not published | Form 5500 ↗ |
Common questions
Does Summit Operating Services match 401(k) contributions?
The match terms for the Summit Operating Services Company, LLC 401(k) Plan have not been published from its filing yet. The plan year 2024 filing reports $1.4M in employer contributions, about $4,313 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Summit Operating Services 401(k) match vested?
The vesting schedule for the Summit Operating Services Company, LLC 401(k) Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Summit Operating Services 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Fidelity Investments Institutional. The plan administrator is Summit Operating Services Company, LLC.
I left Summit Operating Services. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Summit Operating Services Company, LLC, (832) 608-6164) or the recordkeeper, Fidelity Investments Institutional. The Summit Operating Services old 401(k) page lists the contacts from every plan filing. Find an old Summit Operating Services 401(k)
Data from the public Form 5500 annual reports Summit Operating Services 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 Operating Services. Not financial advice. Report a correction · Methodology