SUMMIT SECURITY SERVICES, INC. 401(K) PLAN

Plan Contact

  • Address: 390 RXR PLAZA,,UNIONDALE,NY
  • Contact person: NATALIE CALIFANO
  • Phone: (516) 240-2400

Plan General Information

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

At the end of 2019, the total retirement plan assets of SUMMIT SECURITY SERVICES, INC. 401(K) PLAN is $5,539,088.00.This plan was established in 2000.

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

At the end of 2019, the total number of retirement plan participants in SUMMIT SECURITY SERVICES, INC. 401(K) PLAN is 167

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

In 2019, the average participant retirement account value for SUMMIT SECURITY SERVICES, INC. 401(K) PLAN is $33,168.00

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

In 2019, the estimated average employee contribution amount per participant for SUMMIT SECURITY SERVICES, INC. 401(K) PLAN is $5,021.00.

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

In 2019, the estimated average employer match for an employee in SUMMIT SECURITY SERVICES, INC. 401(K) PLAN is approximately $545.00
Investing in this additonal $545.00 for 20 years would give you extra $34,884.00, assuming a 10% annual return.

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

In 2019, SUMMIT SECURITY SERVICES, INC. 401(K) PLAN allocates $91,027.00 to match its employees' contributions, providing an employer match rate of 21.71% of their contributions

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

In 2019, the total retirement plan asset growth rate of SUMMIT SECURITY SERVICES, INC. 401(K) PLAN is 24.00%.

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

In 2019, the estimated aggregate retirement account investment gain/loss for SUMMIT SECURITY SERVICES, INC. 401(K) PLAN is 19.74%. This measures the effectiveness of the plan participants' investments in the year.

SUMMIT SECURITY SERVICES, INC. 401(K) PLAN Expense Ratio

In 2019, the investment and administrative expense ratio of SUMMIT SECURITY SERVICES, INC. 401(K) PLAN is 0.03%.

Enrollment Features

SUMMIT SECURITY SERVICES, INC. 401(K) PLAN 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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