Plain-English plan summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, Summit Utilities, Inc. 401(K) Plan is a benefit plan reported by Summit Utilities, Inc. under EIN 20-0929645 and plan number 001. The latest loaded filing year is 2023. The filing reports 1,192 participants and $79,848,286 in end-of-year plan assets, where available in the loaded dataset.
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $79,848,286
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $79,848,286
- Net assets (BOY)
- $59,463,792
Income & contributions
- Employer contributions
- $5,043,663
- Participant contributions
- $7,618,945
- Total contributions
- $15,434,075
- Total income / additions
- $26,401,416
Expenses & distributions
- Benefits paid
- $5,914,596
- Administrative expenses
- $208,921
- Total expenses
- $6,142,972
- Net increase / (decrease)
- $20,258,444