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SUMMIT ENGINEERING, INC. 401(K) PLAN

Plan Contact

  • Address: 3205 SUMMIT SQUARE PLACE,LEXINGTON,KY
  • Contact person: KEVIN HOWARD
  • Phone: (859) 264-9860

Plan General Information

SUMMIT ENGINEERING, INC. 401(K) PLAN Total Retirement Plan Assets

At the end of 2016, the total retirement plan assets of SUMMIT ENGINEERING, INC. 401(K) PLAN is $7,972,951.00.This plan was established in 1982.

SUMMIT ENGINEERING, INC. 401(K) PLAN Total Number of Retirement Plan Participants

At the end of 2016, the total number of retirement plan participants in SUMMIT ENGINEERING, INC. 401(K) PLAN is 95

SUMMIT ENGINEERING, INC. 401(K) PLAN Average Participant Retirement Account Value

In 2016, the average participant retirement account value for SUMMIT ENGINEERING, INC. 401(K) PLAN is $83,925.00

SUMMIT ENGINEERING, INC. 401(K) PLAN Estimated Average Employee Contribution Amount

In 2016, the estimated average employee contribution amount per participant for SUMMIT ENGINEERING, INC. 401(K) PLAN is $4,070.00.

SUMMIT ENGINEERING, INC. 401(K) PLAN Estimated Average Employer Match

In 2016, the estimated average employer match for an employee in SUMMIT ENGINEERING, INC. 401(K) PLAN is approximately $1,165.00
Investing in this additonal $1,165.00 for 20 years would give you extra $74,605.00, assuming a 10% annual return.

SUMMIT ENGINEERING, INC. 401(K) PLAN Total Employer Contribution and Match Rate

In 2016, SUMMIT ENGINEERING, INC. 401(K) PLAN allocates $110,743.00 to match its employees' contributions, providing an employer match rate of 57.28% of their contributions

SUMMIT ENGINEERING, INC. 401(K) PLAN Total Retirement Plan Asset Growth Rate

In 2016, the total retirement plan asset growth rate of SUMMIT ENGINEERING, INC. 401(K) PLAN is 0.87%.

SUMMIT ENGINEERING, INC. 401(K) PLAN Estimated Aggregate Retirement Account Investment Gain/Loss

In 2016, the estimated aggregate retirement account investment gain/loss for SUMMIT ENGINEERING, INC. 401(K) PLAN is 8.35%. This measures the effectiveness of the plan participants' investments in the year.

SUMMIT ENGINEERING, INC. 401(K) PLAN Expense Ratio

In 2016, the investment and administrative expense ratio of SUMMIT ENGINEERING, INC. 401(K) PLAN is 0.48%.

Enrollment Features

SUMMIT ENGINEERING, INC. 401(K) PLAN has the following features:
    Automatic Enrollment: It provides automatic enrollment with elective contributions deducted from payroll.
    Default Investments: It uses a default investment account for participants or employees who fail to direct assets in their account.

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