Profit Sharing / Retirement
Benefits of Summit Electric Supply
401(k)
An easy way to start planning for your future is to participate in a 401(k) Retirement Savings Plan. Your contributions reduce the amount of current income tax you pay and any earnings accumulate tax free until you withdraw them. Associates can also roll over dollars for other 401(k) or IRA plans if desired.
Retirement Profit Sharing Plan
Summit’s retirement profit sharing plan is a qualified employer-contributed pension plan. Associates enjoy the benefits accruing dollars for their retirement without no matching funds required.
Monthly Incentive Plan
Associates in most positions participate in an incentive profit sharing plan that provides a variable monthly payout, based on their location's profitability. The plan is designed to encourage associates to work together as a team to increase profits and decrease expenses since individuals directly benefit from a successful month.