401(k) · DOL Form 5500 · 2022

Summit Financial Group, Inc. 401(k) Plan

Data updated 2026-08-25

$37M
Total assets Below avg plan size
432
Participants Below avg headcount
85th
Percentile by assets National rank
$84,506
Avg per participant Below avg balance/head
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Official DOL plan name: Summit Financial Group, Inc. Defined Contribution Plan · Sponsored by Summit Financial Group, Inc. · West Virginia · Management of Enterprises

$37M in assets, 432 participants

Summit Financial Group, Inc.'s Summit Financial Group, Inc. Defined Contribution Plan reported $37M in total assets and 432 participants in its 2022 DOL Form 5500 filing, ranking in the 85th 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.

  • #796 in Management of Enterprises (1,193 peers)

Where Summit Financial Group, Inc. Defined Contribution Plan sits by assets

Summit Financial Group, Inc. Defined Contribution Plan sits in the top quartile of all filed plans by assets, $37M for 432 participants (~$84,506/participant), down 9.7% in 2022.

#796
in Management of Enterprises (1,193 peers)
-9.7%
assets change YoY
0.4×
vs typical plan assets (national mean)

The plan reported a net loss of $4M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Summit Financial Group, Inc. Defined Contribution Plan's outsized position by total assets

Summit Financial Group, Inc. Defined Contribution Plan vs every filed plan by assets

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

$36,506,591 Top 15% higher than 85% 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 Financial Group, Inc. Defined Contribution 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 Financial Group, Inc. Defined Contribution Plan sits mid-pack in the medium band (432 participants).

Published 5500 schedule card

Filing strip 550672148 · Summit Financial Group, Inc. PY 2022 · 401(k)

Summit Financial Group, Inc. Defined Contribution Plan · $37M · 432 · 85th

  • NET $37M
  • NET 432
  • NET 85th
  • NET 401(k)
  • NET near Lozano Smith 401(k) Profit Sharing Plan
  • NET ind #796

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 Management of Enterprises retirement plans → · Plans in West Virginia →

Summit Financial Group, Inc. Defined Contribution Plan in the asset neighbourhood

Summit Financial Group, Inc. Defined Contribution PlanSummit Financial Group, Inc.…$37MLozano Smith 401(k) Profit Sharing PlanLozano Smith 401(k) Profit S…$37MPathways 401(k) Plan$37MChild-Parent Centers, Inc. Retirement PlanChild-Parent Centers, Inc. R…$37MInternational Automation, Inc. Employees Profit Sharing PlanInternational Automation, In…$37M
End-of-year total assets ($M) among Summit Financial Group, Inc. Defined Contribution Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2022.

Scale-class filing particulars (2022)

Total Assets (Beginning of Year)$40M
Net Assets (End of Year)$37M
Net Income-$4M
Employer EIN550672148
Plan Effective Date1974-12-31
Filing StatusFILING RECEIVED

Sponsor Plan History (Summit Financial Group, Inc.)

Sponsor-wide plan assets over time

All Summit Financial Group, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$389K 99.23763653215958% vs 2022
2024 filing year
$0M$20M$40M$60M$80M 202220232024 $51M $0.39M ▼ -99.2%
Year Plans Participants Total Assets
2022 2 782 $51M
2023 2 806 $62M
2024 1 358 $389K

Nearby 401(k) Plans in West Virginia

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

Summit Financial Group, Inc. Defined Contribution Plan vs. nearby 401(k) plans in West Virginia, assets vs. participants Scatter plot of 6 data points. -100001000200030004000 -20002004006008001000 Total assets ($M) Participants Summit Financial Group, Inc. Defined Contribution Plan, Total assets ($M): 36.506591 · Participants: 432Summit Financial Group, Inc. Defined Contribution PlanOrrick, Herrington & Sutcliffe LLP Retirement Plan, Total assets ($M): 808.481738 · Participants: 1866Orrick, Herrington & Sutcliffe LLP Retirement PlanCamc Health System Basic Retirement Plan, Total assets ($M): 593.785275 · Participants: 0Camc Health System Basic Retirement PlanAmerican Public Education Retirement Plan, Total assets ($M): 214.783036 · Participants: 2951American Public Education Retirement PlanUnited Bankshares, Inc. Savings and Stock Investment Plan, Total assets ($M): 201.672584 · Participants: 2978United Bankshares, Inc. Savings and Stock Investment PlanWesbanco, Inc. Ksop, Total assets ($M): 185.637266 · Participants: 2334Wesbanco, Inc. Ksop
Summit Financial Group, Inc. Defined Contribution Plan vs. nearby 401(k) plans in West Virginia, assets vs. participants
Compare Summit Financial Group, Inc. Defined Contribution Plan side-by-side with 3 peers →

Summit Financial Group, Inc. Defined Contribution Plan's out-of-state 401(k) peers by assets and headcount

Outside West Virginia, the nearest 401(k) by assets is Lozano Smith 401(k) Profit Sharing Plan in CA ($37M); by covered participants it is Iteris, Inc 401(k) and Stock Ownership Plan in CA (432 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($37M here).

Similar participant headcount

Nearest other-state filings by covered participants (432 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 Financial Group, Inc. Defined Contribution Plan assets move in 2022? ▼
Summit Financial Group, Inc. Defined Contribution Plan pulled back noticeably - down 9.7% during 2022, from $40M to $37M. Reported net income was -$4M.
How have Summit Financial Group, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Summit Financial Group, Inc.'s sponsor-wide assets declined 99.2%, from $51M to $389K.
Where does Summit Financial Group, Inc. Defined Contribution Plan rank by assets among Form 5500 filers? ▼
Summit Financial Group, Inc. Defined Contribution Plan ranks in the 85th percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (in the top quartile of all filed plans by assets).
Which 401(k) plans are similar in size to Summit Financial Group, Inc. Defined Contribution Plan? ▼
Among 401(k) plans in other states, the closest by assets is Lozano Smith 401(k) Profit Sharing Plan in CA ($37M, 170 participants).
Which 401(k) plans cover a similar participant headcount to Summit Financial Group, Inc. Defined Contribution Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Iteris, Inc 401(k) and Stock Ownership Plan in CA (432 participants, $72M 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 550672148.

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.