Investment options of SUMMIT 401(K) PLAN
Total Available Funds: 35
| Investment Description |
|---|
| Alliance AB SM CAP GRTH A |
| American Century AM CENT OC AGGR INV |
| CAUSEWAY CAUSEWAY EM MKTS INV |
| Fidelity Investments FID 500 INDEX |
| Fidelity Investments FID BALANCED |
| Fidelity Investments FID BLUE CHIP GR |
| Fidelity Investments FID EMRG MKTS IDX |
| Fidelity Investments FID EXTD MKT IDX |
| Fidelity Investments FID FREEDOM 2010 |
| Fidelity Investments FID FREEDOM 2015 |
| Fidelity Investments FID FREEDOM 2020 |
| Fidelity Investments FID FREEDOM 2025 |
| Fidelity Investments FID FREEDOM 2030 |
| Fidelity Investments FID FREEDOM 2035 |
| Fidelity Investments FID FREEDOM 2040 |
| Fidelity Investments FID FREEDOM 2045 |
| Fidelity Investments FID FREEDOM 2050 |
| Fidelity Investments FID FREEDOM 2055 |
| Fidelity Investments FID FREEDOM 2060 |
| Fidelity Investments FID FREEDOM 2065 |
| Fidelity Investments FID FREEDOM INCOME |
| Fidelity Investments FID GOVT MMRK PRM |
| Fidelity Investments FID INTL GROWTH |
| Fidelity Investments FID INTL INDEX |
| Fidelity Investments FID MID CAP IDX |
| Fidelity Investments FID OVERSEAS |
| Fidelity Investments FID SM CAP IDX |
| Fidelity Investments FID US BOND IDX |
| Invesco INVS HIGH YLD R5 |
| Janus Investment Fund J H ENTERPRISE T |
| Natixis NATIXIS AEW GF RE Y |
| Principal PIF SHORT TERM INC A |
| Pimco REAL RTN BD AD |
| T. Rowe Price TRP DIV GROWTH ADV |
| T. Rowe Price TRP VALUE ADVISOR |
Investment model portfolios
We provide two types of investment model portfolios for SUMMIT 401(K) PLAN participants. You can customize and follow a model portfolio in your plan account.
Types of portfolio strategies
- Strategic asset allocation portfolio: It invests in a diversified portfolio of multiple assets, buy-and-hold without frequently changing the asset allocation weights.
- Suitable: For long-term (more than 15 years, preferably more than 20 years), want to be tax efficient and can withstand interim drawdown or loss as high as 50% or more.
- Pros:
- Less error-prone
- Infrequent rebalancing or transactions
- Tax efficient for taxable brokerage investments
- Cons:
- Interim loss or drawdown can be substantial
- Possible low returns for an extended period, such as 10 years or longer
- Tactical asset allocation portfolio: it invests in a diversified portfolio of multiple assets, dynamically adjust stock and bond allocations to minimize losses during market stress.
- Suitable: For long-term (more than 10 years or preferably longer) capital. Investors are willing to rebalance as frequent as monthly.
- Pros:
- Reduce large interim loss or drawdown
- Less sensitive to investment entry point
- Likely to improve returns
- Cons
- Demand more frequent rebalancing or transactions
- Less tax efficient — more suitable in a tax-deferred account such as 401(k) or IRA
- Can experience a period of lower returns compared to a broad-based strategic allocation or a buy-and-hold benchmark, especially in some bull markets
These portfolios are proactively monitored and rebalanced on a monthly basis when needed, ensuring it remains in line with its target allocation.
Let us know (Email us) if you need help to create a custom model portfolio for your plan.
Retirement Plan (401(k)) Info for SUMMIT 401(K) PLAN