Recordkeeping fees per participant
not reported
Not reported on this filing.
Employers › Summit Partners
Summit Partners 401(k)
- Finance and insurance
- Boston, MA
- EIN 04-3478657
- 1 plan with Schedule H financials
- Plan year 2024
- Summit Partners, LP
- SEC registrant Summit Partners L P
Administrative expenses excluding investment management, per participant · Summit Partners, L.P. 401(k) Profit Sharing Plan · plan year 2024
$267.76
Higher than 92% of the 8,758 plans $50 to 250M that report it.
Source
= $101,212 / 378
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251002173134NAL0000748817001, received 2025-10-02
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251002173134NAL0000748817001, received 2025-10-02
Percentiles compare this plan with the Schedule H plans $50 to 250M in assets of the same plan year, excluding final filings; shown only where at least 50 comparable plans report the figure. Plan year 2024-01-01 to 2024-12-31, filing received 2025-10-02.
Cost and contributions
Administrative expenses per participant
$267.76
Higher than 83% of the 9,042 plans $50 to 250M that report it.
Source
= $101,212 / 378
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251002173134NAL0000748817001, received 2025-10-02
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251002173134NAL0000748817001, received 2025-10-02
Administrative expenses as a share of assets
0.090%
Higher than 34% of the 9,049 plans $50 to 250M that report it.
Source
= $101,212 / $112,541,596
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251002173134NAL0000748817001, received 2025-10-02
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251002173134NAL0000748817001, received 2025-10-02
Employer contributions per participant
$5,795
Higher than 82% of the 9,105 plans $50 to 250M that report it.
Source
= $2,190,377 / 378
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251002173134NAL0000748817001, received 2025-10-02
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251002173134NAL0000748817001, received 2025-10-02
Employer share of total contributions
32.9%
Higher than 61% of the 9,112 plans $50 to 250M that report it.
Source
= $2,190,377 / $6,658,571
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251002173134NAL0000748817001, received 2025-10-02
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251002173134NAL0000748817001, received 2025-10-02
Plan terms, as stated in Summit Partners, LP's SEC filings
Plan terms are not published in public filings.
Plan features
2E profit-sharing · 2F ERISA 404(c) plan · 2G fully participant-directed · 2J 401(k) feature · 2T default investment (QDIA) · 3H controlled-group sponsor · 3D IRS pre-approved plan · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20251002173134NAL0000748817001, received 2025-10-02
Full record, Summit Partners, L.P. 401(k) Profit Sharing Plan
| Field | Value | Source |
|---|---|---|
| Plan sponsor | SUMMIT PARTNERS, LP | Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20251002173134NAL0000748817001, received 2025-10-02 |
| Plan name | SUMMIT PARTNERS, L.P. 401(K) PROFIT SHARING PLAN | Form 5500, line 1a; PLAN_NAME pos 16; filing 20251002173134NAL0000748817001, received 2025-10-02 |
| Sponsor EIN / plan number | 04-3478657 / 002 | Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20251002173134NAL0000748817001, received 2025-10-02 |
| Plan type | single-employer | Form 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20251002173134NAL0000748817001, received 2025-10-02 |
| Sponsor location | BOSTON, MA | Form 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20251002173134NAL0000748817001, received 2025-10-02 |
| Industry (business code) | 523900, Finance and insurance | Form 5500, line 2d; BUSINESS_CODE pos 46; filing 20251002173134NAL0000748817001, received 2025-10-02 |
| Plan year | 2024-01-01 to 2024-12-31 | Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20251002173134NAL0000748817001, received 2025-10-02 |
| Filing received | 2025-10-02 | Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20251002173134NAL0000748817001, received 2025-10-02 |
| Final filing | no | Form 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20251002173134NAL0000748817001, received 2025-10-02 |
| Amended filing | no | Form 5500, Part I line B; AMENDED_IND pos 7; filing 20251002173134NAL0000748817001, received 2025-10-02 |
| Participants, beginning of year | 388 | Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20251002173134NAL0000748817001, received 2025-10-02 |
| Active participants | 210 | Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20251002173134NAL0000748817001, received 2025-10-02 |
| Participants, end of year | 382 | Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20251002173134NAL0000748817001, received 2025-10-02 |
| Participants with an account balance | 378 | Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251002173134NAL0000748817001, received 2025-10-02 |
| Total assets, beginning of year | $97,249,834 | Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20251002173134NAL0000748817001, received 2025-10-02 |
| Total assets, end of year | $112,541,596 | Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251002173134NAL0000748817001, received 2025-10-02 |
| Net assets, end of year | $112,541,596 | Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20251002173134NAL0000748817001, received 2025-10-02 |
| Total income | $21,225,735 | Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20251002173134NAL0000748817001, received 2025-10-02 |
| Net income | $15,291,762 | Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20251002173134NAL0000748817001, received 2025-10-02 |
| Employer contributions | $2,190,377 | Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251002173134NAL0000748817001, received 2025-10-02 |
| Participant contributions | $4,168,622 | Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20251002173134NAL0000748817001, received 2025-10-02 |
| Other contributions (incl. rollovers) | $299,572 | Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20251002173134NAL0000748817001, received 2025-10-02 |
| Total contributions | $6,658,571 | Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251002173134NAL0000748817001, received 2025-10-02 |
| Benefit payments | $5,829,092 | Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20251002173134NAL0000748817001, received 2025-10-02 |
| Total expenses (incl. benefit payments) | $5,933,973 | Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20251002173134NAL0000748817001, received 2025-10-02 |
| Total administrative expenses | $101,212 | Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251002173134NAL0000748817001, received 2025-10-02 |
| Contract administrator fees | $101,212 | Schedule H, line 2i(2); CONTRACT_ADMIN_FEES_AMT pos 106; filing 20251002173134NAL0000748817001, received 2025-10-02 |
| Administrative expenses excluding investment management | $101,212 | derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251002173134NAL0000748817001, received 2025-10-02 |
| Held in common/collective trusts | $4,325,684 | Schedule H, line 1c(9) col (b); INT_COMMON_TR_EOY_AMT pos 51; filing 20251002173134NAL0000748817001, received 2025-10-02 |
| Held in mutual funds | $105,815,640 | Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20251002173134NAL0000748817001, received 2025-10-02 |
| Independent auditor | ERNST & YOUNG LLP | Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20251002173134NAL0000748817001, received 2025-10-02 |
Position = column in the DOL layout for form year 2024. Filing 20251002173134NAL0000748817001, received 2025-10-02.
Service providers paid directly by the plan
| Provider | Relationship | Service codes | Direct compensation | Indirect |
|---|---|---|---|---|
| RETIREMENT RESOURCES | INVESTMENT ADVISOR | 26 Investment advisory (participants); 27 Investment advisory (plan); 50 Direct payment from the plan | $70,000 | no |
| ASCENSUSrecordkeeper | RECORD KEEPER | 15 Recordkeeping and information management; 37 Participant loan processing; 50 Direct payment from the plan; 64 Recordkeeping fees | $35,697 | yes |
Schedule C Part I line 2: name (a), service codes (b), relationship (c), direct compensation paid by the plan (d), indirect compensation received (e). Filing 20251002173134NAL0000748817001, received 2025-10-02.
What changed since the 2023 plan year
| Figure | 2023 | 2024 | Change |
|---|---|---|---|
| Total assets | $97,249,834 | $112,541,596 | 15.7% |
| Participants with a balance | 383 | 378 | -1.3% |
| Administrative expenses | $101,422 | $101,212 | -0.2% |
| Recordkeeping fees per participant | not reported | not reported | |
| Employer contributions | $2,088,193 | $2,190,377 | 4.9% |
Prior filing 20240926143238NAL0000791393001, received 2024-09-26; the plan years are contiguous.
Alerts, claims and corrections
Sponsor name as filed: SUMMIT PARTNERS, LP; SEC registrant: SUMMIT PARTNERS L P (CIK 830588, matched by EIN).