401(k) · DOL Form 5500 · 2022

Smp Inc., T/a Summit Motor Products 401(k) Plan

Data updated 2026-08-25

$2M
Total assets Small plan by assets
15
Participants Small participant base
32nd
Percentile by assets National rank
$119,454
Avg per participant Near avg balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: Summit Motor Products Inc. 401(k) Plan · Sponsored by Smp Inc., T/a Summit Motor Products · New Jersey · Wholesale Trade

$2M in assets, 15 participants

Smp Inc., T/a Summit Motor Products's Summit Motor Products Inc. 401(k) Plan reported $2M in total assets and 15 participants in its 2022 DOL Form 5500 filing, ranking in the 32nd 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.

  • #1,359 in Wholesale Trade (6,843 peers)

Smp Inc., T/a Summit Motor Products multi-year trail

Smp Inc., T/a Summit Motor Products's plans moved -17.9% in assets from 2022 to 2023; this filing shows Summit Motor Products Inc. 401(k) Plan at $2M / 15 participants.

#1,359
in Wholesale Trade (6,843 peers)
-20.1%
assets change YoY

The plan reported a net loss of $451K for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Summit Motor Products Inc. 401(k) Plan among the smaller filed plans by assets

Summit Motor Products Inc. 401(k) Plan vs every filed plan by assets

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

$1,791,809 32nd percentile higher than 32% 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 Motor Products Inc. 401(k) Plan among smaller filed plans by headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Summit Motor Products Inc. 401(k) Plan is a small filing (15 participants) on this national headcount ladder.

DOL schedule card

Filing strip 221811635 · Smp Inc., T/a Summit Motor Products PY 2022 · 401(k)

Summit Motor Products Inc. 401(k) Plan · $2M · 15 · 32nd

  • PART $2M
  • TYPE 15
  • NET 32nd
  • BOOK 401(k)
  • VS-ST near Cxm 401(k) Plan - Non-Union
  • BOY ind #1359

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 Wholesale Trade retirement plans → · Plans in New Jersey →

Summit Motor Products Inc. 401(k) Plan in the asset neighbourhood

Summit Motor Products Inc. 401(k) PlanSummit Motor Products Inc. 4…$2MCxm 401(k) Plan - Non-Union$2MCelebration Restaurant Group 401(k) PlanCelebration Restaurant Group…$2MArtistic Automation, Inc., Section 401(k) Profit Sharing PlanArtistic Automation, Inc., S…$2MIci Retirement Plan$2M
End-of-year total assets ($M) among Summit Motor Products Inc. 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2022.

Smp Inc., T/a Summit Motor Products multi-year asset trail

Sponsor-wide plan assets over time

All Smp Inc., T/a Summit Motor Products plans reported in each filing year

Latest sponsor-wide plan assets
$1M 17.853800265541693% vs 2022
2023 filing year
$1.4M$1.5M$1.6M$1.7M$1.8M$1.9M 20222023 $1.79M $1.47M ▼ -17.9%
Year Plans Participants Total Assets
2022 1 15 $2M
2023 2 25 $1M

Smp Inc., T/a Summit Motor Products filing trail (2022)

Total Assets (Beginning of Year)$2M
Net Assets (End of Year)$2M
Net Income-$451K
Employer EIN221811635
Plan Effective Date1997-01-01
Filing StatusFILING RECEIVED

Nearby 401(k) Plans in New Jersey

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

Summit Motor Products Inc. 401(k) Plan vs. nearby 401(k) plans in New Jersey, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000200000 -10010203040 Total assets ($B) Participants Summit Motor Products Inc. 401(k) Plan, Total assets ($B): 0.001791809 · Participants: 15Summit Motor Products Inc. 401(k) PlanJPMorgan Chase 401(k) Savings Plan, Total assets ($B): 36.787229834 · Participants: 168280JPMorgan Chase 401(k) Savings PlanVerizon Savings Plan for Management Employees, Total assets ($B): 25.16607858 · Participants: 76788Verizon Savings Plan for Management EmployeesJohnson and Johnson Savings Plan, Total assets ($B): 21.189900271 · Participants: 43271Johnson and Johnson Savings PlanPfizer Savings Plan, Total assets ($B): 17.828820505 · Participants: 27796Pfizer Savings PlanErnst & Young Retirement Savings Plan, Total assets ($B): 12.40459021 · Participants: 52975Ernst & Young Retirement Savings Plan
Summit Motor Products Inc. 401(k) Plan vs. nearby 401(k) plans in New Jersey, assets vs. participants

Summit Motor Products Inc. 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside New Jersey, the nearest 401(k) by assets is Cxm 401(k) Plan - Non-Union in IL ($2M); by covered participants it is Trouble Free Plumbing, Inc. 401(k) Plan in IL (15 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($2M here).

Similar participant headcount

Nearest other-state filings by covered participants (15 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 Motor Products Inc. 401(k) Plan assets move in 2022?
Summit Motor Products Inc. 401(k) Plan declined sharply - down 20.1% during 2022, from $2M to $2M. Reported net income was -$451K.
How have Smp Inc., T/a Summit Motor Products plan assets changed over time?
Across 2 plan years on file (2022-2023), Smp Inc., T/a Summit Motor Products's sponsor-wide assets declined 17.9%, from $2M to $1M.
Which 401(k) plans are similar in size to Summit Motor Products Inc. 401(k) Plan?
Among 401(k) plans in other states, the closest by assets is Cxm 401(k) Plan - Non-Union in IL ($2M, 27 participants).
Which 401(k) plans cover a similar participant headcount to Summit Motor Products Inc. 401(k) Plan?
Among 401(k) plans in other states, the closest by covered participants is Trouble Free Plumbing, Inc. 401(k) Plan in IL (15 participants, $526K in assets).