Summit Management Services Inc401(k)
SUMMIT MANAGEMENT SERVICES INC 401(K) PROFIT SHARING PLAN & TRUST · AKRON, OH · plan year 2022
Peer grade: A- · admin costs + employer contributions vs same-size plans · how grading works
Summit Management Services Inc reported $7,399 in plan administrative expenses for 2022: 0.23% of average plan assets, below the peer median. Employer contributions averaged $2,007 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 has held roughly steady near 0.24%. The plan sits in the $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other real estate & leasing employers. By assets it is among the smaller plans on file in Ohio (2,875th of 3,295), and 1,739th of 2,096 in real estate & leasing. In 2022, employees put in $1.71 for every $1.00 the employer contributed.
Summit Management Services Inc's 2022 employer contribution ran above the $1,114 median for plans its size, placing it in the top 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 341314199 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.