401(k) · DOL Form 5500 · 2022
Summit Financial, LLC 401(k) Plan
Data updated 2026-08-25
- $15M
- Total assets Small plan by assets
- 177
- Participants Small participant base
- 72nd
- Percentile by assets National rank
- $83,391
- Avg per participant Below avg balance/head
Official DOL plan name: Summit Advisor Services LLC Employee 401(k) Plan · Sponsored by Summit Financial, LLC · New Jersey · Finance & Insurance
$15M in assets, 177 participants
Summit Financial, LLC's Summit Advisor Services LLC Employee 401(k) Plan reported $15M in total assets and 177 participants in its 2022 DOL Form 5500 filing, ranking in the 72nd 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.
- #5,288 in Finance & Insurance (9,261 peers)
Coverage in New Jersey
Summit Advisor Services LLC Employee 401(k) Plan covers 177 participants in New Jersey, about 21% of the average New Jersey filer (state average ~844 per filing). Assets: $15M.
- #5,288
- in Finance & Insurance (9,261 peers)
- -5.6%
- assets change YoY
The plan reported a net loss of $881K for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
Summit Advisor Services LLC Employee 401(k) Plan's outsized position by total assets
Summit Advisor Services LLC Employee 401(k) Plan vs every filed plan by assets
End-of-year total assets · plan year 2022 · DOL Form 5500
$14,760,250 Top 28% higher than 72% of 139,123 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2022
Summit Advisor Services LLC Employee 401(k) Plan among mid-size filed plans by headcount
Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Summit Advisor Services LLC Employee 401(k) Plan sits mid-pack in the medium band (177 participants).
EBSA filing schedule strip
Filing strip 371895248 · Summit Financial, LLC PY 2022 · 401(k)
Summit Advisor Services LLC Employee 401(k) Plan · $15M · 177 · 72nd
- RANK $15M
- PHOTO 177
- IND 72nd
- EOY 401(k)
- 5500 near Network Medical Management, Inc. Cash or Deferred Profit Sharing Plan
- ASSETS ind #5288
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 Finance & Insurance retirement plans → · Plans in New Jersey →
Summit Advisor Services LLC Employee 401(k) Plan in the asset neighbourhood
New Jersey filing particulars
| Total Assets (Beginning of Year) | $16M |
|---|---|
| Net Assets (End of Year) | $15M |
| Net Income | -$881K |
| Employer EIN | 371895248 |
| Plan Effective Date | 1989-06-10 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Summit Financial, LLC)
Sponsor-wide plan assets over time
All Summit Financial, LLC plans reported in each filing year
- Latest sponsor-wide plan assets
- $23M 55.592804999915316% vs 2022
- 2024 filing year
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 177 | $15M |
| 2023 | 1 | 192 | $19M |
| 2024 | 1 | 190 | $23M |
Nearby 401(k) Plans in New Jersey
Peer 401(k) plans, same state, same plan type, ranked by total assets.
- JPMorgan Chase 401(k) Savings Plan $36.8B · 168,280
- Verizon Savings Plan for Management Employees $25.2B · 76,788
- Johnson and Johnson Savings Plan $21.2B · 43,271
- Pfizer Savings Plan $17.8B · 27,796
- Ernst & Young Retirement Savings Plan $12.4B · 52,975
Summit Advisor Services LLC Employee 401(k) Plan's out-of-state 401(k) peers by assets and headcount
Outside New Jersey, the nearest 401(k) by assets is Network Medical Management, Inc. Cash or Deferred Profit Sharing Plan in CA ($15M); by covered participants it is Benchmark Landscape, Inc. 401(k) Profit Sharing Plan in CA (177 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($15M here).
- Network Medical Management, Inc. Cash or Deferred Profit Sharing Plan (CA) $15M · 562
- The Ohio National Life Insurance Company 401(k) Plan for Agents (OH) $15M · 784
- Florida Crystals Corporation Retirement Savings Plan for Bargaining Unit Employees (FL) $15M · 1,059
- Mid America Overseas Inc 401(k) Profit Sharing Plan & Trust (IL) $15M · 204
Similar participant headcount
Nearest other-state filings by covered participants (177 participants); asset peers above are excluded.
- Benchmark Landscape, Inc. 401(k) Profit Sharing Plan (CA) 177 · 0 off
- Plumas Bank 401(k) Profit Sharing Plan (CA) 177 · 0 off
- Deseret-Blue Mountain 401(k) Plan (UT) 177 · 0 off
- Mike Erdman Motors 401(k) Savings Plan (FL) 177 · 0 off
DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.