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SUMMIT BIOSCIENCES, INC. GROUP LIFE BENEFIT PLAN 401k Plan overview

Plan NameSUMMIT BIOSCIENCES, INC. GROUP LIFE BENEFIT PLAN
Plan identification number 501

SUMMIT BIOSCIENCES, INC. GROUP LIFE BENEFIT PLAN Benefits

401k Plan TypeWelfare Benefit
Plan Features/Benefits
  • Life insurance

401k Sponsoring company profile

SUMMIT BIOSCIENCES, INC. has sponsored the creation of one or more 401k plans.

Company Name:SUMMIT BIOSCIENCES, INC.
Employer identification number (EIN):271252863
NAIC Classification:325410

Form 5500 Filing Information

Submission information for form 5500 for 401k plan SUMMIT BIOSCIENCES, INC. GROUP LIFE BENEFIT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
5012021-01-01SONIA EGBERT2022-07-26
5012021-01-01SONIA EGBERT2023-02-27

Plan Statistics for SUMMIT BIOSCIENCES, INC. GROUP LIFE BENEFIT PLAN

401k plan membership statisitcs for SUMMIT BIOSCIENCES, INC. GROUP LIFE BENEFIT PLAN

Measure Date Value
2021: SUMMIT BIOSCIENCES, INC. GROUP LIFE BENEFIT PLAN 2021 401k membership
Total participants, beginning-of-year2021-01-01125
Total number of active participants reported on line 7a of the Form 55002021-01-01125
Total of all active and inactive participants2021-01-01125

Form 5500 Responses for SUMMIT BIOSCIENCES, INC. GROUP LIFE BENEFIT PLAN

2021: SUMMIT BIOSCIENCES, INC. GROUP LIFE BENEFIT PLAN 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01First time form 5500 has been submittedYes
2021-01-01Submission has been amendedYes
2021-01-01This submission is the final filingYes
2021-01-01Plan funding arrangement – InsuranceYes
2021-01-01Plan funding arrangement – General assets of the sponsorYes
2021-01-01Plan benefit arrangement – InsuranceYes
2021-01-01Plan benefit arrangement – General assets of the sponsorYes

Insurance Providers Used on plan

STANDARD INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 69019 )
Policy contract number165210
Policy instance 1
Insurance contract or identification number165210
Number of Individuals Covered125
Insurance policy start date2021-01-01
Insurance policy end date2021-12-31
Total amount of commissions paid to insurance brokerUSD $2,925
Life Insurance Welfare BenefitYes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $2,501
Insurance broker organization code?3

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