Summit Design and Engineering Services, PLLC401(k)
SUMMIT DESIGN AND ENGINEERING SERVICES, PLLC EMPLOYEES SAVINGS TRUST · HILLSBOROUGH, NC · plan year 2024
Peer grade: B+ · admin costs + employer contributions vs same-size plans · how grading works
Summit Design and Engineering Services, PLLC reported $48,089 in plan administrative expenses for 2024: 0.22% of average plan assets, below the peer median. Employer contributions averaged $2,733 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 0.04% to 0.22%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other professional & technical services employers. By assets it is the 651st-largest of 2,005 plans among North Carolina employers on file, and the 4,863rd of 11,654 in professional & technical services. In 2024, employees put in $2.12 for every $1.00 the employer contributed.
Summit Design and Engineering Services, PLLC's 2024 employer contribution ran above the $2,416 median for plans its size. 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.
Looking for an account from a past job here? How to find an old 401(k).
Why are you looking at this plan?
Source: U.S. Department of Labor, Form 5500 series, EIN 300236228 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.