401(k) · DOL Form 5500 · 2022

Summit Polymers, Inc. 401(k) Plan

Data updated 2026-08-25

$88M
Total assets Below avg plan size
1,219
Participants Near avg headcount
92nd
Percentile by assets National rank
$72,047
Avg per participant Below avg balance/head
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Official DOL plan name: Summit Polymers, Inc. Employees' Profit Sharing Plan · Sponsored by Summit Polymers, Inc. · Michigan · Manufacturing

$88M in assets, 1,219 participants

Summit Polymers, Inc.'s Summit Polymers, Inc. Employees' Profit Sharing Plan reported $88M in total assets and 1,219 participants in its 2022 DOL Form 5500 filing, ranking in the 92nd 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.

  • #18,096 in Manufacturing (20,602 peers)

Where Summit Polymers, Inc. Employees' Profit Sharing Plan sits by assets

Summit Polymers, Inc. Employees' Profit Sharing Plan sits in the top 10% of all filed plans by assets, $88M for 1,219 participants (~$72,047/participant), down 19.8% in 2022.

#18,096
in Manufacturing (20,602 peers)
-19.8%
assets change YoY
0.9×
vs typical plan assets (national mean)

The plan reported a net loss of $22M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Summit Polymers, Inc. Employees' Profit Sharing Plan's outsized position by total assets

Summit Polymers, Inc. Employees' Profit Sharing Plan vs every filed plan by assets

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

$87,825,659 Top 8% higher than 92% of 139,123 filed plans

This plan $0 $2,050,000,000 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

Summit Polymers, Inc. Employees' Profit Sharing Plan's large-plan peer group by participant headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Summit Polymers, Inc. Employees' Profit Sharing Plan lands in the large band (1,219 participants).

EBSA filing schedule strip

Filing strip 381990845 · Summit Polymers, Inc. PY 2022 · 401(k)

Summit Polymers, Inc. Employees' Profit Sharing Plan · $88M · 1,219 · 92nd

  • NET $88M
  • BOOK 1,219
  • VS-ST 92nd
  • BOY 401(k)
  • SCH near Buck 401(k) Savings Plan
  • EBSA ind #18096

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Manufacturing retirement plans → · Plans in Michigan →

Summit Polymers, Inc. Employees' Profit Sharing Plan in the asset neighbourhood

Retirement Savings Plan for Employees of Seacoast National BankRetirement Savings Plan for …$88MFike Corporation 401(k) Plan and TrustFike Corporation 401(k) Plan…$88MSummit Polymers, Inc. Employees' Profit Sharing PlanSummit Polymers, Inc. Employ…$88MBuck 401(k) Savings Plan$88MSouth Texas Radiology Group Profit Sharing Plan and TrustSouth Texas Radiology Group …$88M
End-of-year total assets ($M) among Summit Polymers, Inc. Employees' Profit Sharing Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2022.

Scale-class filing particulars (2022)

Total Assets (Beginning of Year)$110M
Net Assets (End of Year)$88M
Net Income-$22M
Employer EIN381990845
Plan Effective Date1978-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Summit Polymers, Inc.)

Sponsor-wide plan assets over time

All Summit Polymers, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$117M 32.905097814295935% vs 2022
2024 filing year
$80M$90M$100M$110M$120M 202220232024 $87.8M $117M ▲ +32.9%
Year Plans Participants Total Assets
2022 1 1,219 $88M
2023 1 1,286 $103M
2024 1 1,377 $117M

Nearby 401(k) Plans in Michigan

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

Summit Polymers, Inc. Employees' Profit Sharing Plan vs. nearby 401(k) plans in Michigan, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000 -505101520 Total assets ($B) Participants Summit Polymers, Inc. Employees' Profit Sharing Plan, Total assets ($B): 0.087825659 · Participants: 1219Summit Polymers, Inc. Employees' Profit Sharing PlanGeneral Motors Retirement Savings Plan for Salaried Employees in the United States, Total assets ($B): 18.071817726 · Participants: 43382General Motors Retirement Savings Plan for Salaried Employees in the United StatesFord Motor Co. Savings and Stock Investment Plan for Salaried Employees, Total assets ($B): 13.833597622 · Participants: 32974Ford Motor Co. Savings and Stock Investment Plan for Salaried EmployeesThe Dow Chemical Company Employees' Savings Plan, Total assets ($B): 9.307640951 · Participants: 16930The Dow Chemical Company Employees' Savings PlanThe General Motors Personal Savings Plan for Hourly-Rate Employees in the United States, Total assets ($B): 7.545889119 · Participants: 40458The General Motors Personal Savings Plan for Hourly-Rate Employees in the United StatesFord Motor Co. Tax-Efficient Savings Plan for Hourly Employees, Total assets ($B): 6.44558193 · Participants: 57811Ford Motor Co. Tax-Efficient Savings Plan for Hourly Employees
Summit Polymers, Inc. Employees' Profit Sharing Plan vs. nearby 401(k) plans in Michigan, assets vs. participants
Compare Summit Polymers, Inc. Employees' Profit Sharing Plan side-by-side with 3 peers →

Summit Polymers, Inc. Employees' Profit Sharing Plan's out-of-state 401(k) peers by assets and headcount

Outside Michigan, the nearest 401(k) by assets is Buck 401(k) Savings Plan in NJ ($88M); by covered participants it is Mcgrath Rentcorp Employee Stock Ownership and 401(k) Plan in CA (1,219 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (1,219 participants); asset peers above are excluded.

DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Summit Polymers, Inc. Employees' Profit Sharing Plan assets move in 2022? ▼
Summit Polymers, Inc. Employees' Profit Sharing Plan declined sharply - down 19.8% during 2022, from $110M to $88M. Reported net income was -$22M.
How have Summit Polymers, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Summit Polymers, Inc.'s sponsor-wide assets grew 32.9%, from $88M to $117M.
Where does Summit Polymers, Inc. Employees' Profit Sharing Plan rank by assets among Form 5500 filers? ▼
Summit Polymers, Inc. Employees' Profit Sharing Plan ranks in the 92nd 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 Polymers, Inc. Employees' Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by assets is Buck 401(k) Savings Plan in NJ ($88M, 620 participants).
Which 401(k) plans cover a similar participant headcount to Summit Polymers, Inc. Employees' Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Mcgrath Rentcorp Employee Stock Ownership and 401(k) Plan in CA (1,219 participants, $103M in assets).

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 381990845.

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.