401(k) · DOL Form 5500 · 2022

Summit Electric Supply Co., Inc. 401(k) Plan

Data updated 2026-08-11

$68M
Total assets
560
Participants
90th
Percentile by assets
$121,418
Avg per participant
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Official DOL plan name: Summit Electric Supply Co. 401(k) Plan · Sponsored by Summit Electric Supply Co., Inc. · New Mexico · Wholesale Trade

$68M in assets, 560 participants

Summit Electric Supply Co., Inc.'s Summit Electric Supply Co. 401(k) Plan reported $68M in total assets and 560 participants in its 2022 DOL Form 5500 filing, ranking in the 90th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.

  • 90th percentile by assets (of 139,126 plans)
  • #6,282 in Wholesale Trade (6,843 peers)

Where Summit Electric Supply Co. 401(k) Plan sits by assets

Summit Electric Supply Co. 401(k) Plan sits in the top 10% of all filed plans by assets, $68M for 560 participants (~$121,418/participant), down 23.0% in 2022.

$68M
total plan assets (2022 EOY)
560
covered participants
90th
percentile by assets (of 139,126 plans)
$121,418
avg assets per participant

The plan reported a net loss of $20M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Where Summit Electric Supply Co. 401(k) Plan sits by total assets

Summit Electric Supply Co. 401(k) Plan vs every filed plan by assets

End-of-year total assets · plan year 2022 · DOL Form 5500

$67,994,317 Top 10% higher than 90% of 139,123 filed plans

This plan $0 $2,010,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2022

State
New Mexico
Industry
Wholesale Trade

Summit Electric Supply Co. 401(k) Plan vs the 2022 asset distribution

By assets, Summit Electric Supply Co. 401(k) Plan outranks 90% of the 139,126 plans that filed a Form 5500 for the 2022 plan year, and holds roughly 0.7x the national average plan size of $100M (721 average participants).

Scale-class filing particulars (2022)

Total Assets (Beginning of Year)$88M
Net Assets (End of Year)$68M
Net Income-$20M
Employer EIN850252176
Plan Effective Date1997-07-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Summit Electric Supply Co., Inc.)

$60M$70M$80M$90M$100M 202220232024 $68M $94.5M ▲ +39.0%
Total plan assets by year, all Summit Electric Supply Co., Inc. plans on file
Year Plans Participants Total Assets
2022 1 560 $68M
2023 1 601 $80M
2024 1 657 $95M

Nearby 401(k) Plans in New Mexico

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Summit Electric Supply Co. 401(k) Plan vs. nearby 401(k) plans in New Mexico, assets vs. participants Scatter plot of 6 data points. -5000050001000015000 -20246 Total assets ($B) Participants Summit Electric Supp…, Total assets ($B): 0.067994317 · Participants: 560Summit Electric Supp…Ntess Savings and In…, Total assets ($B): 5.039491778 · Participants: 14007Ntess Savings and In…Triad 401(k) Retirem…, Total assets ($B): 1.548125595 · Participants: 8535Triad 401(k) Retirem…Triad 401(k) Savings…, Total assets ($B): 0.750238886 · Participants: 2476Triad 401(k) Savings…Pnm Resources, Inc. …, Total assets ($B): 0.707275306 · Participants: 1638Pnm Resources, Inc. …Applied Research Ass…, Total assets ($B): 0.445070272 · Participants: 1553Applied Research Ass…
Summit Electric Supply Co. 401(k) Plan vs. nearby 401(k) plans in New Mexico, assets vs. participants
Compare Summit Electric Supply Co. 401(k) Plan side-by-side with 3 peers →

Similar-Sized 401(k) Plans Nationally

401(k) plans in other states closest to Summit Electric Supply Co. 401(k) Plan by total assets, not by location.

Frequently Asked Questions

How did Summit Electric Supply Co. 401(k) Plan assets move in 2022? ▼
Summit Electric Supply Co. 401(k) Plan declined sharply - down 23.0% during 2022, from $88M to $68M. Reported net income was -$20M.
How have Summit Electric Supply Co., Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Summit Electric Supply Co., Inc.'s sponsor-wide assets grew 39.0%, from $68M to $95M.
Where does Summit Electric Supply Co. 401(k) Plan rank by assets among Form 5500 filers? ▼
Summit Electric Supply Co. 401(k) Plan ranks in the 90th percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (in the top 10% of all filed plans by assets).
Which 401(k) plans are similar in size to Summit Electric Supply Co. 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Parksite 401(k) Plan in IL ($68M, 704 participants).

Next read for Summit Electric Supply Co. 401(k) Plan

Scale reading

Ways to act on Summit Electric Supply Co. 401(k) Plan's numbers.

  • By total assets, Summit Electric Supply Co. 401(k) Plan ranks in the top 10% of all filed plans by assets. See the largest plans
  • Compare it side-by-side against 3 similar 401(k) plans in New Mexico. Compare plans
  • Summit Electric Supply Co., Inc.'s sponsor-wide assets have grown 39.0% since 2022 across 3 plan years on file. More Wholesale Trade plans

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2022.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 850252176.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.