401(k) · DOL Form 5500 · 2022

Summit Bank 401(k) Plan

Data updated 2026-08-25

$7M
Total assets Small plan by assets
90
Participants Small participant base
59th
Percentile by assets National rank
$82,163
Avg per participant Below avg balance/head
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Official DOL plan name: Summit Bank 401(k) Profit Sharing Plan · Sponsored by Summit Bank · Oregon · Finance & Insurance

$7M in assets, 90 participants

Summit Bank's Summit Bank 401(k) Profit Sharing Plan reported $7M in total assets and 90 participants in its 2022 DOL Form 5500 filing, ranking in the 59th 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.

  • #3,899 in Finance & Insurance (9,261 peers)

Summit Bank multi-year trail

Summit Bank's plans moved +65.7% in assets from 2022 to 2024; this filing shows Summit Bank 401(k) Profit Sharing Plan at $7M / 90 participants.

#3,899
in Finance & Insurance (9,261 peers)
-3.8%
assets change YoY

The plan reported a net loss of $296K for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Summit Bank 401(k) Profit Sharing Plan's mid-pack asset rank among Finance & Insurance and all filers

Summit Bank 401(k) Profit Sharing Plan vs every filed plan by assets

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

$7,394,650 Top 41% higher than 59% 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 Bank 401(k) Profit Sharing 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 Bank 401(k) Profit Sharing Plan is a small filing (90 participants) on this national headcount ladder.

Plan-year Form 5500 strip

Filing strip 412114771 · Summit Bank PY 2022 · 401(k)

Summit Bank 401(k) Profit Sharing Plan · $7M · 90 · 59th

  • IND $7M
  • IND 90
  • IND 59th
  • IND 401(k)
  • IND near Goldenwest Diamond Corporation 401(k) Plan
  • IND ind #3899

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 Oregon →

Summit Bank 401(k) Profit Sharing Plan in the asset neighbourhood

Summit Bank 401(k) Profit Sharing PlanSummit Bank 401(k) Profit Sh…$7MGoldenwest Diamond Corporation 401(k) PlanGoldenwest Diamond Corporati…$7MHylan Datacom & Electrical, LLC 401(k) PlanHylan Datacom & Electrical, …$7MFriendly Holding Company Retirement Savings PlanFriendly Holding Company Ret…$7MNorthern Manufacturing Co., Inc. Profit Sharing PlanNorthern Manufacturing Co., …$7M
End-of-year total assets ($M) among Summit Bank 401(k) Profit Sharing Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2022.

Summit Bank multi-year asset trail

Sponsor-wide plan assets over time

All Summit Bank plans reported in each filing year

Latest sponsor-wide plan assets
$12M 65.66325654358218% vs 2022
2024 filing year
$6M$8M$10M$12M$14M 202220232024 $7.39M $12.3M ▲ +65.8%
Year Plans Participants Total Assets
2022 1 90 $7M
2023 1 98 $10M
2024 1 128 $12M

Summit Bank filing trail (2022)

Total Assets (Beginning of Year)$8M
Net Assets (End of Year)$7M
Net Income-$296K
Employer EIN412114771
Plan Effective Date2004-01-01
Filing StatusFILING RECEIVED

Nearby 401(k) Plans in Oregon

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

Summit Bank 401(k) Profit Sharing Plan vs. nearby 401(k) plans in Oregon, assets vs. participants Scatter plot of 6 data points. -10000010000200003000040000 -20246 Total assets ($B) Participants Summit Bank 401(k) Profit Sharing Plan, Total assets ($B): 0.00739465 · Participants: 90Summit Bank 401(k) Profit Sharing Plan401(k) Savings and Profit Sharing Plan for Employees of Nike, Inc., Total assets ($B): 5.187214067 · Participants: 36913401(k) Savings and Profit Sharing Plan for Employees of Nike, Inc.Daimler Truck North America, L.L.C. Employee Retirement Savings Plan, Total assets ($B): 1.954507017 · Participants: 7492Daimler Truck North America, L.L.C. Employee Retirement Savings PlanPrecision Castparts Corp. 401(k) Retirement Savings Plan, Total assets ($B): 1.865300803 · Participants: 14939Precision Castparts Corp. 401(k) Retirement Savings PlanXpo Logistics Retirement Savings Plan, Total assets ($B): 1.656566716 · Participants: 6855Xpo Logistics Retirement Savings PlanPacificorp K Plus Employee Savings Plan, Total assets ($B): 1.398948692 · Participants: 4905Pacificorp K Plus Employee Savings Plan
Summit Bank 401(k) Profit Sharing Plan vs. nearby 401(k) plans in Oregon, assets vs. participants
Compare Summit Bank 401(k) Profit Sharing Plan side-by-side with 3 peers →

Summit Bank 401(k) Profit Sharing Plan's out-of-state 401(k) peers by assets and headcount

Outside Oregon, the nearest 401(k) by assets is Goldenwest Diamond Corporation 401(k) Plan in CA ($7M); by covered participants it is Choicelegal Retirement Savings Plan in FL (90 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (90 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 Bank 401(k) Profit Sharing Plan assets move in 2022? ▼
Summit Bank 401(k) Profit Sharing Plan edged down modestly - down 3.8% during 2022, from $8M to $7M. Reported net income was -$296K.
How have Summit Bank plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Summit Bank's sponsor-wide assets grew 65.7%, from $7M to $12M.
Which 401(k) plans are similar in size to Summit Bank 401(k) Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by assets is Goldenwest Diamond Corporation 401(k) Plan in CA ($7M, 168 participants).
Which 401(k) plans cover a similar participant headcount to Summit Bank 401(k) Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Choicelegal Retirement Savings Plan in FL (90 participants, $318K 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 412114771.

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.