Summit 7 Systems 401(K) Plan — Form 5500 plan (Summit 7 Systems, LLC)
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 7 Systems 401(K) Plan is a benefit plan reported by Summit 7 Systems, LLC under EIN 27-1467561 and plan number 001. The latest loaded filing year is 2023. The filing reports 139 participants and $5,334,357 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Summit 7 Systems, LLC
- EIN
- 27-1467561
- Plan number
- 001
- Plan type
- 2
- Location
- Huntsville, AL
- Latest filing year
- 2023
- Participants
- 139
- End-of-year plan assets
- $5,334,357
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 139 | H, C | 20241014074913NAL0014613523001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $5,334,357
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $5,334,357
- Net assets (BOY)
- $3,597,690
Income & contributions
- Employer contributions
- $457,738
- Participant contributions
- $871,429
- Total contributions
- $1,790,180
- Total income / additions
- $2,559,024
Expenses & distributions
- Benefits paid
- $827,396
- Administrative expenses
- -$5,039
- Total expenses
- $822,357
- Net increase / (decrease)
- $1,736,667
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Northwestern Mutual Investment | ADVISOR | $0 | $8,752 | 2023 |
| Morgan Stanley Smith Barney | ADVISOR | $0 | $7,628 | 2023 |
| Fidelity Investments Institutional | RECORDKEEPER | -$5,039 | $0 | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Summit 7 Systems, LLC
- 2023 Form 5500 filing
- Form 5500 filings in AL
- 401(k) and benefit plan filings in Huntsville, AL
- Northwestern Mutual Investment — Schedule C compensation
- Morgan Stanley Smith Barney — Schedule C compensation
- Fidelity Investments Institutional — Schedule C compensation