Retirement plan

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

Name: SUMMIT PARTNERS, LP - SUMMIT PARTNERS, L.P. 401(K) PROFIT SHARING PLAN (2022) 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 2022

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

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$83M

-11.0% from 2021

Total participants

379

-5.3% from 2021

Average account balance

$222,592

-5.5% from 2021

Annual return

-13.91%

-33.44 pp from 2021

Benchmarks

See 2,163 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants100-249

Cohort2,163 peers

Snapshot2022

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 LLC8+ years Filed as: RETIREMENT RESOURCES Service code 26 100 CORPORATE PLACE · PEABODY, MA 01960	Advisory (Participants)	$70,000
ASCENSUS LLC8+ years Filed as: ASCENSUS Service code 15 · EIN 11-3665754	Recordkeeping	$36,711

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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$101K

$477 / participant

Contract admin$101K100.0%

% of EOY assets

0.122%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: ERNST & YOUNG LLP
Auditor EIN: 346565596
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$222,592

$102,661+116.8%

$151,645+46.8%

$66,949+232.5%

Participation rate

97.2%

85.5%+11.6pp

87.5%+9.7pp

69.8%+27.3pp

Annual return

-13.91%

-10.81%-3.1pp

3.34%-17.2pp

1.57%-15.5pp

Employer contribution / active EE

$8,732

$4,184+108.7%

$6,165+41.6%

$2,545+243.0%

Participant deferral / active EE

$16,307

$6,645+145.4%

$8,363+95.0%

$4,239+284.7%

Admin fee / account holder

$271

$630-57.0%

$11,614-97.7%

$594-54.4%

Provider

Service type

Compensation

ONEDIGITAL INVESTMENT ADVISORS LLC8+ years

Filed as: RETIREMENT RESOURCES

Service code 26

100 CORPORATE PLACE · PEABODY, MA 01960

Advisory (Participants)

$70,000

ASCENSUS LLC8+ years

Filed as: ASCENSUS

Service code 15 · EIN 11-3665754

Recordkeeping

$36,711

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