1ST Summit Bancorp401(k)
1ST SUMMIT BANCORP CAPITAL ACCUMULATION PLAN · JOHNSTOWN, PA · plan year 2022
Peer grade: C+ · admin costs + employer contributions vs same-size plans · how grading works
1ST Summit Bancorp reported $33,780 in plan administrative expenses for 2022: 0.12% of average plan assets, below the peer median. Employer contributions averaged $1,085 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.
Across the 2 years on file its reported administrative ratio rose from 0.12% to 0.17%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,806 comparable plans and shown alongside other finance & insurance employers. By assets it is the 1,281st-largest of 3,651 plans among Pennsylvania employers on file, and 2,585th of 4,798 in finance & insurance. In 2022, employees put in $3.52 for every $1.00 the employer contributed.
1ST Summit Bancorp's 2022 employer contribution ran below the $2,266 median for plans its size, in the bottom quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.
Annual cost at the plan's reported 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
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Source: U.S. Department of Labor, Form 5500 series, EIN 251619855 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.