SUMMA MANAGEMENT SERVICES ORGANIZATION, INC. EMPLOYEES 401(K) PLAN AND TRUST
Plan Contact
- Address: 10 N. MAIN STREET,AKRON,OH
- Contact person: ROXANNA SIELSKI
- Phone: (330) 996-8410
Plan General Information
SUMMA MANAGEMENT SERVICES ORGANIZATION, INC. EMPLOYEES 401(K) PLAN AND TRUST Total Retirement Plan Assets
At the end of 2013, the total retirement plan assets of SUMMA MANAGEMENT SERVICES ORGANIZATION, INC. EMPLOYEES 401(K) PLAN AND TRUST is $25,232,032.00.This plan was established in 1994.
SUMMA MANAGEMENT SERVICES ORGANIZATION, INC. EMPLOYEES 401(K) PLAN AND TRUST Total Number of Retirement Plan Participants
At the end of 2013, the total number of retirement plan participants in SUMMA MANAGEMENT SERVICES ORGANIZATION, INC. EMPLOYEES 401(K) PLAN AND TRUST is 459
SUMMA MANAGEMENT SERVICES ORGANIZATION, INC. EMPLOYEES 401(K) PLAN AND TRUST Average Participant Retirement Account Value
In 2013, the average participant retirement account value for SUMMA MANAGEMENT SERVICES ORGANIZATION, INC. EMPLOYEES 401(K) PLAN AND TRUST is $54,971.00
SUMMA MANAGEMENT SERVICES ORGANIZATION, INC. EMPLOYEES 401(K) PLAN AND TRUST Estimated Average Employee Contribution Amount
In 2013, the estimated average employee contribution amount per participant for SUMMA MANAGEMENT SERVICES ORGANIZATION, INC. EMPLOYEES 401(K) PLAN AND TRUST is $6,231.00.
SUMMA MANAGEMENT SERVICES ORGANIZATION, INC. EMPLOYEES 401(K) PLAN AND TRUST Estimated Average Employer Match
In 2013, the estimated average employer match for an employee in SUMMA MANAGEMENT SERVICES ORGANIZATION, INC. EMPLOYEES 401(K) PLAN AND TRUST is approximately $1,951.00
Investing in this additonal $1,951.00 for 20 years would give you extra $124,879.00, assuming a 10% annual return.
Investing in this additonal $1,951.00 for 20 years would give you extra $124,879.00, assuming a 10% annual return.
SUMMA MANAGEMENT SERVICES ORGANIZATION, INC. EMPLOYEES 401(K) PLAN AND TRUST Total Employer Contribution and Match Rate
In 2013, SUMMA MANAGEMENT SERVICES ORGANIZATION, INC. EMPLOYEES 401(K) PLAN AND TRUST allocates $895,619.00 to match its employees' contributions, providing an employer match rate of 62.62% of their contributions
SUMMA MANAGEMENT SERVICES ORGANIZATION, INC. EMPLOYEES 401(K) PLAN AND TRUST Total Retirement Plan Asset Growth Rate
In 2013, the total retirement plan asset growth rate of SUMMA MANAGEMENT SERVICES ORGANIZATION, INC. EMPLOYEES 401(K) PLAN AND TRUST is 25.21%.
SUMMA MANAGEMENT SERVICES ORGANIZATION, INC. EMPLOYEES 401(K) PLAN AND TRUST Estimated Aggregate Retirement Account Investment Gain/Loss
In 2013, the estimated aggregate retirement account investment gain/loss for SUMMA MANAGEMENT SERVICES ORGANIZATION, INC. EMPLOYEES 401(K) PLAN AND TRUST is 16.15%. This measures the effectiveness of the plan participants' investments in the year.
SUMMA MANAGEMENT SERVICES ORGANIZATION, INC. EMPLOYEES 401(K) PLAN AND TRUST Expense Ratio
In 2013, the investment and administrative expense ratio of SUMMA MANAGEMENT SERVICES ORGANIZATION, INC. EMPLOYEES 401(K) PLAN AND TRUST is 0.02%.
Enrollment Features
SUMMA MANAGEMENT SERVICES ORGANIZATION, INC. EMPLOYEES 401(K) PLAN AND TRUST has the following features:Default Investments: It uses a default investment account for participants or employees who fail to direct assets in their account.
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