Profit Sharing · DOL Form 5500 · 2022
Sumitomo Electric U.S.a. Holdings Inc. Profit Sharing Plan
Data updated 2026-08-11
- $158M
- Total assets
- 1,320
- Participants
- 95th
- Percentile by assets
- $119,776
- Avg per participant
Official DOL plan name: Sumitomo Electric Group 401(k) Plan · Sponsored by Sumitomo Electric U.S.a. Holdings Inc. · New York · Manufacturing
$158M in assets, 1,320 participants
Sumitomo Electric U.S.a. Holdings Inc.'s Sumitomo Electric Group 401(k) Plan reported $158M in total assets and 1,320 participants in its 2022 DOL Form 5500 filing, ranking in the 95th 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.
- 95th percentile by assets (of 139,126 plans)
- #18,931 in Manufacturing (20,602 peers)
Where Sumitomo Electric Group 401(k) Plan sits by assets
Sumitomo Electric Group 401(k) Plan sits in the top 5% of all filed plans by assets, $158M for 1,320 participants (~$119,776/participant), down 24.1% in 2022.
- $158M
- total plan assets (2022 EOY)
- 1,320
- covered participants
- 95th
- percentile by assets (of 139,126 plans)
- $119,776
- avg assets per participant
The plan reported a net loss of $35M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
Sumitomo Electric Group 401(k) Plan vs the 2022 asset distribution
By assets, Sumitomo Electric Group 401(k) Plan outranks 95% of the 139,126 plans that filed a Form 5500 for the 2022 plan year, and holds roughly 1.6x the national average plan size of $100M (721 average participants).
Scale-class filing particulars (2022)
| Total Assets (Beginning of Year) | $208M |
|---|---|
| Net Assets (End of Year) | $158M |
| Net Income | -$35M |
| Employer EIN | 561646307 |
| Plan Effective Date | 1983-07-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Sumitomo Electric U.S.a. Holdings Inc.)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 1,320 | $158M |
| 2023 | 1 | 1,122 | $178M |
| 2024 | 1 | 1,181 | $246M |
Nearby Profit Sharing Plans in New York
Peer Profit Sharing plans, same state, same plan type, ranked by total assets.
Sumitomo Electric Group 401(k) Plan vs. nearby Profit Sharing plans in New York, assets vs. participants
- Annuity Plan of the Electrical Industry $2.0B · 19,997
- Annuity Fund Iuoe Local 15, 15a, 15c, 15d AFL-CIO $1.6B · 3,494
- Annuity Fd of the Iuoe Local Union 94, 94a, 94b AFL-CIO $1.5B · 5,696
- The Research Foundation for Suny Retirement Plan $1.1B · 11,139
- Mason Tenders District Council Annuity Fund $837M · 11,072
Similar-Sized Profit Sharing Plans Nationally
Profit Sharing plans in other states closest to Sumitomo Electric Group 401(k) Plan by total assets, not by location.
Frequently Asked Questions
How did Sumitomo Electric Group 401(k) Plan assets move in 2022? ▼
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Next read for Sumitomo Electric Group 401(k) Plan
Scale reading
Ways to act on Sumitomo Electric Group 401(k) Plan's numbers.
- By total assets, Sumitomo Electric Group 401(k) Plan ranks in the top 5% of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar Profit Sharing plans in New York. Compare plans
- Sumitomo Electric U.S.a. Holdings Inc.'s sponsor-wide assets have grown 55.6% since 2022 across 3 plan years on file. More Manufacturing plans