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Original filing (PDF)20251015161454NAL0005092065001
SUMMIT MANAGEMENT PARTNERS, LLC
Form 5500
FILING_RECEIVED
SUMMIT MANAGEMENT PARTNERS, LLC 401(K) PLAN
401(k) retirement plan
Signals · 1
~159 bps in Sched C fees
Active participants
427
Accounts w/ balance
440
Plan assets (EOY)
$2.8M
Net assets (EOY)
$2.8M
How this plan invests
This plan
26 securities
funds · stocks · CUSIPs
Holdings are itemized directly on this plan's Schedule of Assets, below.
Plan health score (directional)
91
/ 100
Grade A
Top-tier plan health
Directional indicator computed from public Form 5500 data — compliance, concentration, cost, vendor stack and participation. Not a fiduciary tool.
Compliance & disclosures
100
Concentration risk
100
Total plan cost
65
Vendor stack
100
Participation health
100
Knocking points off
- 159 bps in Schedule C fees — 205% above peer band of 52 bps.
Decision-maker contacts
CFO / Head of HR / Benefits Manager — verified email + LinkedIn for SUMMIT MANAGEMENT PARTNERS, LLC.
Plan sponsor
Name
SUMMIT MANAGEMENT PARTNERS, LLC
EIN
85-3668797
Address
2054 VISTA PARKWAY · SUITE 400 · WEST PALM BEACH, MA · 33411
Phone
(917) 502-9580
Industry
Real Estatesee all
Plan administrator
Name
COMPASS 360, LLC
EIN
81-1939215
City
STRATHAM, NH
Phone
(603) 778-9920
Plan characteristics
Plan number
001
Plan year
2024
Plan year begin
2024-01-01
Tax period
2024-12-31
Filed
2025-10-15
Pension benefit codes
2E · Profit-sharing
2F · ERISA section 404(c)
2G · Total participant-directed accounts
2J · 401(k) feature
2K · 401(m) arrangement
2S · Automatic enrollment
2T · Default investment account (QDIA)
3D · Pre-approved plan (master / prototype / VS)
3H · Sponsor in controlled / affiliated group
Audit & trust (Schedule H)
Auditor
GRAY, GRAY & GRAY LLP
Trustee / custodian
—
Trustee phone
—
Service providers (Schedule C)
3 rowsRecordkeeper
1| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| THE VANGUARD GROUP, INC. | 23-1945930 | — | RECORDKEEPER | $20K | — |
Advisor / Consultant
1| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| MMA SECURITIES | — | BOSTON, MA | INVESTMENT ADVISOR | $7K | — |
TPA / Administrator
1| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| COMPASS RET CONSULTING GROUP INC | — | STRATHAM, NH | THIRD PARTY ADMIN | $18K | — |
Investments
26 direct securities· $2.8M(100% of reported assets)
| PI | Investment | Type | Shares / units | Cost | Current value | % of plan |
|---|---|---|---|---|---|---|
| Vanguard Target Retirement 2035 Fund Mutual Fund | — | — | — | $473K | 16.7% | |
| Vanguard Target Retirement 2025 Fund Mutual Fund | — | — | — | $424K | 15.0% | |
| Vanguard Target Retirement 2050 Fund Mutual Fund | — | — | — | $322K | 11.3% | |
| Vanguard Target Retirement 2030 Fund Mutual Fund | — | — | — | $208K | 7.3% | |
| Vanguard Target Retirement 2055 Fund Mutual Fund | — | — | — | $195K | 6.9% | |
| American Century Small Cap Gr R6 Mutual Fund | — | — | — | $182K | 6.4% | |
| Vanguard 500 Index Adm Mutual Fund | — | — | — | $157K | 5.6% | |
| Vanguard Target Retirement Income Fund Mutual Fund | — | — | — | $151K | 5.3% | |
| Vanguard Target Retirement 2045 Fund Mutual Fund | — | — | — | $133K | 4.7% | |
| Vanguard Target Retirement 2040 Fund Mutual Fund | — | — | — | $123K | 4.4% | |
| Vanguard Target Retirement 2020 Fund Mutual Fund | — | — | — | $113K | 4.0% | |
| AB US Large Cap Growth (W Series) G Mutual Fund | — | — | — | $57K | 2.0% | |
| Vanguard Target Retirement 2060 Fund Mutual Fund | — | — | — | $56K | 2.0% | |
| maturing through 2029 - | — | — | — | $42K | 1.5% | |
| BlackRock High Yield Portfolio K Mutual Fund | — | — | — | $38K | 1.3% | |
| Vanguard Target Retirement 2065 Fund Mutual Fund | — | — | — | $30K | 1.1% | |
| Vanguard Extended Market Index Adm Mutual Fund | — | — | — | $25K | 0.9% | |
| Vanguard Federal Money Market Fund Mutual Fund | — | — | — | $21K | 0.7% | |
| DFA Emerging Markets Core Eqty 2 Port Mutual Fund | — | — | — | $20K | 0.7% | |
| Vanguard Developed Mkts Index Adm Mutual Fund | — | — | — | $16K | 0.6% | |
| Vanguard Target Retirement 2070 Fund Mutual Fund | — | — | — | $15K | 0.5% | |
| Putnam Large Cap Value R6 Mutual Fund | — | — | — | $12K | 0.4% | |
| DFA U.S. Targeted Value Portfolio I Mutual Fund | — | — | — | $9K | 0.3% | |
| MFS International Diversification R6 Mutual Fund | — | — | — | $6K | 0.2% | |
| Vanguard Interm-Term Bond Index Adm Mutual Fund | — | — | — | $3K | 0.1% | |
| JHancock Investment Grade Bond R6 Mutual Fund | — | — | — | $2K | <0.1% |
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