Summit Technologies, Inc. 401(k) Plan (terminated 2018): Login, Facts & Contact Information

Plan terminated

This plan was terminated. Its final Form 5500 covers plan year 2018, when $2.64 million was transferred out of the plan. If you had an account, your balance was transferred or paid out; Beagle can help you find where it went.

Summit Technologies, Inc. 401(k) Plan Facts (plan year 2018)

Plan name
SUMMIT TECHNOLOGIES, INC. 401(K) PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
SUMMIT TECHNOLOGIES, INC.
Participants
148
Former employees with a balance
0
Employer contributions
$255,691 in plan year 2018 (21% of all contributions)
Plan year
Jan 1, 2018 – Dec 31, 2018
Plan established
Apr 1, 2002
✓ 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 2018 (Jan 1, 2018 – Dec 31, 2018), filed Oct 10, 2019. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2018

  • $1.21 million went into the plan in contributions, $255,691 of it from the employer (21%).
  • $784,483 was paid out to participants.
  • Investment and other income added $26,239.

How the Summit Technologies, Inc. 401(k) changed, 2013–2018

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
201391$888,226$37,347$343,602
2014107$1.21 million$59,148$108,504
201594$1.21 million$64,697$224,679
2016111$1.45 million$78,123$72,062
201798$2.20 million$20,729$1,482
2018 (final)148$0$255,691$784,483

Summit Technologies, Inc. 401(k) Contact Information

Phone
407-645-2326
Mailing address
331 NORTH REUS STREET, PENSACOLA FL 32501
Plan sponsor
SUMMIT TECHNOLOGIES, INC.
Employer identification number (EIN)
59-3187670
Plan number
001

Questions about the Summit Technologies, Inc. 401(k)

Is the Summit Technologies, Inc 401(k) plan still active?

No. The plan's final Form 5500 was filed for plan year 2018.

Does Summit Technologies, Inc contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2018 the employer contributed $255,691, 21% of all contributions.

Does the Summit Technologies, Inc 401(k) have automatic enrollment?

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

How many people are in the Summit Technologies, Inc 401(k) plan?

148 participants at the start of plan year 2018.

Who manages the Summit Technologies, Inc 401(k) accounts?

Empower is the plan's recordkeeper, which is where participants log in to see their balance.

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