Summers-taylor, Inc 401(k) Plan: Login, Facts & Contact Information

Summers-taylor, Inc 401(k) Plan Facts

Plan name
SUMMERS-TAYLOR, INC 401(K) RETIREMENT PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
SUMMERS-TAYLOR, INC
Participants
771 (742 active employees)
Former employees with a balance
119
Plan assets
$16,521,740 at Dec 31, 2024
Average account balance
$24,014 across 688 accounts
Employer contributions
$422,780 in plan year 2024 (20% of all contributions)
Recordkeeper
Qualified Plan Administrators Inc
Plan year
Jan 1, 2024 – Dec 31, 2024
Plan established
Aug 1, 1990
✓ Employer contributions✓ Automatic enrollment✓ Default investment for undecided participants✓ Participants choose their own investments— Self-directed brokerage window✓ Profit sharing— Company stock (ESOP)

Source: Form 5500 for plan year 2024 (Jan 1, 2024 – Dec 31, 2024), filed Oct 13, 2025. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2024

  • $2.09 million went into the plan in contributions, $422,780 of it from the employer (20%).
  • $1.36 million was paid out to participants.
  • Investment and other income added $1.73 million.
  • Administrative expenses were $29,386, about $43 per account.

How the Summers-taylor, Inc 401(k) changed, 2019–2024

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2019494$11.1 million$204,853$256,127
2020540$13.0 million$220,868$656,887
2021511$14.9 million$200,044$639,424
2022519$13.4 million$266,670$712,158
2023647$14.1 million$313,902$2.74 million
2024771$16.5 million$422,780$1.36 million

Summers-taylor, Inc 401(k) Contact Information

Phone
423-543-3181
Mailing address
600 SEVIER STREET, JOHNSON CITY TN 37604
Plan sponsor
SUMMERS-TAYLOR, INC
Employer identification number (EIN)
62-0458729
Plan number
001

Questions about the Summers-taylor, Inc 401(k)

Does Summers-taylor, Inc contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2024 the employer contributed $422,780, 20% of all contributions.

Does the Summers-taylor, Inc 401(k) have automatic enrollment?

Yes. The plan reports automatic enrollment of eligible employees.

How many people are in the Summers-taylor, Inc 401(k) plan?

771 participants at the start of plan year 2024, 742 of them active employees, and 119 former employees who still had money in the plan.

What is the average 401(k) balance at Summers-taylor, Inc?

About $24,014 per account: $16.5 million in plan assets across 688 accounts with a balance at the end of plan year 2024.

Who manages the Summers-taylor, Inc 401(k) accounts?

Empower (listed on the filing as QUALIFIED PLAN ADMINISTRATORS INC) is the plan's recordkeeper, which is where participants log in to see their balance.

I no longer work at Summers-taylor, Inc. How do I access my 401(k)?

Your account stays with Empower after you leave, so you can log in with the same credentials. If your balance was small, the plan may have rolled it into an IRA in your name. If you can't find it, Beagle can locate it for you.

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