Summit Design And Engineering Services, Pllc 401(k) Plan: Login, Facts & Contact Information

Summit Design And Engineering Services, Pllc 401(k) Plan Facts

Plan name
SUMMIT DESIGN & ENGINEERING SERVICES, PLLC EMPLOYEES SAVINGS TRUST
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
SUMMIT DESIGN & ENGINEERING SERVICES,PLLC
Participants
488 (410 active employees)
Former employees with a balance
75
Plan assets
$24,220,792 at Dec 31, 2024
Average account balance
$64,761 across 374 accounts
Employer contributions
$1,120,601 in plan year 2024 (30% of all contributions)
Recordkeeper
Ascensus Llc
Plan year
Jan 1, 2024 – Dec 31, 2024
Plan established
Apr 3, 2004
✓ 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 Jun 27, 2025. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2024

  • $3.69 million went into the plan in contributions, $1.12 million of it from the employer (30%).
  • $2.43 million was paid out to participants.
  • Investment and other income added $3.02 million.
  • Administrative expenses were $48,089, about $129 per account.

How the Summit Design And Engineering Services, Pllc 401(k) changed, 2019–2024

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2019420$10.4 million$736,484$794,131
2020423$12.9 million$827,473$1.90 million
2021374$16.7 million$808,046$1.09 million
2022434$15.7 million$932,253$876,979
2023474$20.0 million$1.02 million$1.90 million
2024488$24.2 million$1.12 million$2.43 million

Summit Design And Engineering Services, Pllc 401(k) Contact Information

Phone
919-732-3883
Mailing address
320 EXECUTIVE COURT, HILLSBOROUGH NC 27278
Plan sponsor
SUMMIT DESIGN & ENGINEERING SERVICES,PLLC
Employer identification number (EIN)
30-0236228
Plan number
001

Questions about the Summit Design And Engineering Services, Pllc 401(k)

Does Summit Design And Engineering Services, Pllc contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2024 the employer contributed $1.12 million, 30% of all contributions.

Does the Summit Design And Engineering Services, Pllc 401(k) have automatic enrollment?

No. The plan does not report automatic enrollment; employees enroll themselves.

How many people are in the Summit Design And Engineering Services, Pllc 401(k) plan?

488 participants at the start of plan year 2024, 410 of them active employees, and 75 former employees who still had money in the plan.

What is the average 401(k) balance at Summit Design And Engineering Services, Pllc?

About $64,761 per account: $24.2 million in plan assets across 374 accounts with a balance at the end of plan year 2024.

Who manages the Summit Design And Engineering Services, Pllc 401(k) accounts?

Ascensus (listed on the filing as ASCENSUS LLC) is the plan's recordkeeper, which is where participants log in to see their balance.

I no longer work at Summit Design And Engineering Services, Pllc. How do I access my 401(k)?

Your account stays with Ascensus 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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