Retirement plan

SUMMIT PARTNERS, L.P. 401(K) PROFIT SHARING PLAN

Name: SUMMIT PARTNERS, LP - SUMMIT PARTNERS, L.P. 401(K) PROFIT SHARING PLAN (2017) Form 5500
Creator: SUMMIT PARTNERS, LP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SUMMIT PARTNERS, L.P. 401(K) PROFIT SHARING PLAN, SUMMIT PARTNERS, LP

SUMMIT PARTNERS, LPEIN 04-3478657Plan #002PY 2017

222 BERKELEY STREET, 18TH FLOOR - BOSTON, MA 02116617-824-1608summitpartners.comLinkedIn51-200 employeesventure capital & private equity

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$54.2M

+22.1% from 2016

Total participants

324

-5.0% from 2016

Average account balance

$167,952

+21.4% from 2016

Annual return

18.04%

+6.96 pp from 2016

Benchmarks

See 2,201 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants100-249

Cohort2,201 peers

Snapshot2017

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$112.54M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$298K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

378

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

98.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$6.36M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$30K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+15.18%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$268

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Top 2 by compensation

Provider	Service type	Compensation
ONEDIGITAL INVESTMENT ADVISORS LLC3+ years Filed as: RETIREMENT RESOURCES Service code 33 100 CORPORATE PLACE · PEABODY, MA 01960	Distribution (12b-1) fees; Securities...	$75,000
ASCENSUS LLC3+ years Filed as: ASCENSUS Service code 33 · EIN 11-3665754	Participant loan processing; Securiti...	$26,816

Plan features & details

Pension benefit codes2E2F2G2J2T3H3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$99K

$564 / participant

Other / not subdivided$99K100.0%

% of EOY assets

0.183%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: ERNST AND YOUNG, LLP
Auditor EIN: 346565596
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$167,952

$89,739+87.2%

$149,721+12.2%

$62,293+169.6%

Participation rate

99.4%

85.1%+14.3pp

87.1%+12.4pp

69.5%+29.9pp

Annual return

18.04%

21.01%-3.0pp

1501.67%-1483.6pp

28.90%-10.9pp

Employer contribution / active EE

$3,393

$3,233+5.0%

$5,444-37.7%

$2,042+66.2%

Participant deferral / active EE

$12,805

$4,797+166.9%

$6,568+95.0%

$3,169+304.1%

Admin fee / account holder

$307

$551-44.3%

$11,282-97.3%

$479-35.9%

Provider

Service type

Compensation

ONEDIGITAL INVESTMENT ADVISORS LLC3+ years

Filed as: RETIREMENT RESOURCES

Service code 33

100 CORPORATE PLACE · PEABODY, MA 01960

Distribution (12b-1) fees; Securities...

$75,000

ASCENSUS LLC3+ years

Filed as: ASCENSUS

Service code 33 · EIN 11-3665754

Participant loan processing; Securiti...

$26,816

SUMMIT PARTNERS, L.P. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SUMMIT PARTNERS, L.P. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion