Plan5500

Summit Funding, Inc. 401(K) Plan — Form 5500 plan (Summit Funding, Inc.)

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 Funding, Inc. 401(K) Plan is a benefit plan reported by Summit Funding, Inc. under EIN 91-1780488 and plan number 001. The latest loaded filing year is 2023. The filing reports 988 participants and $45,065,341 in end-of-year plan assets, where available in the loaded dataset.

Key reported metrics

Plan sponsor
Summit Funding, Inc.
EIN
91-1780488
Plan number
001
Plan type
2
Location
Sacramento, CA
Latest filing year
2023
Participants
988
End-of-year plan assets
$45,065,341

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
2023988H, C20241010142139NAL0020306769001

Reported financial statement (2023 · Schedule H)

Net assets

Total assets (EOY)
$45,065,341
Net assets (EOY)
$45,065,341
Net assets (BOY)
$41,498,506

Income & contributions

Employer contributions
$513,084
Participant contributions
$3,763,126
Total contributions
$4,751,965
Total income / additions
$12,046,528

Expenses & distributions

Benefits paid
$8,303,789
Administrative expenses
$109,894
Total expenses
$8,479,693
Net increase / (decrease)
$3,566,835

Service provider compensation (Schedule C)

Reported service provider compensation
ProviderServiceDirect comp.Indirect comp.Year
Schwab Retirement Plan Services,IncNONE$78,544not reported in the loaded dataset2023
Sage Advisory GroupNONE$31,350not reported in the loaded dataset2023

Related Form 5500 pages