401(k) · DOL Form 5500 · 2022

Summit Federal Credit Un 401(k) Plan

Data updated 2026-08-25

$23M
Total assets Small plan by assets
220
Participants Below avg headcount
79th
Percentile by assets National rank
$106,405
Avg per participant Below avg balance/head
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Official DOL plan name: The Summit Federal Credit Union 401(k) Plan · Sponsored by Summit Federal Credit Un · New York · Finance & Insurance

$23M in assets, 220 participants

Summit Federal Credit Un's The Summit Federal Credit Union 401(k) Plan reported $23M in total assets and 220 participants in its 2022 DOL Form 5500 filing, ranking in the 79th 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.

  • #6,214 in Finance & Insurance (9,261 peers)

Coverage in New York

The Summit Federal Credit Union 401(k) Plan covers 220 participants in New York, about 28% of the average New York filer (state average ~798 per filing). Assets: $23M.

#6,214
in Finance & Insurance (9,261 peers)
+8.9%
assets growth YoY
0.2×
vs typical plan assets (national mean)

The Summit Federal Credit Union 401(k) Plan's outsized position by total assets

The Summit Federal Credit Union 401(k) Plan vs every filed plan by assets

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

$23,409,085 Top 21% higher than 79% 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

The Summit Federal Credit Union 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. The Summit Federal Credit Union 401(k) Plan sits mid-pack in the medium band (220 participants).

DOL schedule card

Filing strip 160754720 · Summit Federal Credit Un PY 2022 · 401(k)

The Summit Federal Credit Union 401(k) Plan · $23M · 220 · 79th

  • EIN $23M
  • RANK 220
  • PHOTO 79th
  • IND 401(k)
  • EOY near Parsons Company, Inc. Profit Sharing and 401(k) Plan
  • 5500 ind #6214

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 York →

The Summit Federal Credit Union 401(k) Plan in the asset neighbourhood

The Summit Federal Credit Union 401(k) PlanThe Summit Federal Credit Un…$23MParsons Company, Inc. Profit Sharing and 401(k) PlanParsons Company, Inc. Profit…$23MAngus Chemical Company 401(k) and Profit Sharing PlanAngus Chemical Company 401(k…$23MAcc 401(k) Plan$23MHerbert J. Sims & Co. , Inc.$23M
End-of-year total assets ($M) among The Summit Federal Credit Union 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2022.

New York filing particulars

Total Assets (Beginning of Year)$22M
Net Assets (End of Year)$23M
Net Income$2M
Employer EIN160754720
Plan Effective Date1998-09-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Summit Federal Credit Un)

Sponsor-wide plan assets over time

All Summit Federal Credit Un plans reported in each filing year

Latest sponsor-wide plan assets
$65M 17.595713760059454% vs 2022
2024 filing year
$50M$55M$60M$65M$70M 202220232024 $55.2M $65M ▲ +17.6%
Year Plans Participants Total Assets
2022 2 398 $55M
2023 2 423 $61M
2024 2 437 $65M

Nearby 401(k) Plans in New York

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

The Summit Federal Credit Union 401(k) Plan vs. nearby 401(k) plans in New York, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 -200204060 Total assets ($B) Participants The Summit Federal Credit Union 401(k) Plan, Total assets ($B): 0.023409085 · Participants: 220The Summit Federal Credit Union 401(k) PlanIBM 401 (K) Plus Plan, Total assets ($B): 53.363875208 · Participants: 56376IBM 401 (K) Plus PlanMorgan Stanley 401(k) Plan, Total assets ($B): 16.415517176 · Participants: 42924Morgan Stanley 401(k) PlanThe Pepsico Savings Plan, Total assets ($B): 12.067222 · Participants: 129846The Pepsico Savings PlanDeloitte 401(k) Plan, Total assets ($B): 10.966899716 · Participants: 74687Deloitte 401(k) PlanThe Goldman Sachs 401(k) Plan, Total assets ($B): 9.681988279 · Participants: 22650The Goldman Sachs 401(k) Plan
The Summit Federal Credit Union 401(k) Plan vs. nearby 401(k) plans in New York, assets vs. participants
Compare The Summit Federal Credit Union 401(k) Plan side-by-side with 3 peers →

The Summit Federal Credit Union 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside New York, the nearest 401(k) by assets is Parsons Company, Inc. Profit Sharing and 401(k) Plan in IL ($23M); by covered participants it is Barley Snyder Savings Plan in PA (220 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($23M here).

Similar participant headcount

Nearest other-state filings by covered participants (220 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 The Summit Federal Credit Union 401(k) Plan assets move in 2022? ▼
The Summit Federal Credit Union 401(k) Plan grew at a solid clip - up 8.9% during 2022, from $22M to $23M. Reported net income was $2M.
How have Summit Federal Credit Un plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Summit Federal Credit Un's sponsor-wide assets grew 17.6%, from $55M to $65M.
Where does The Summit Federal Credit Union 401(k) Plan rank by assets among Form 5500 filers? ▼
The Summit Federal Credit Union 401(k) Plan ranks in the 79th 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 The Summit Federal Credit Union 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Parsons Company, Inc. Profit Sharing and 401(k) Plan in IL ($23M, 181 participants).
Which 401(k) plans cover a similar participant headcount to The Summit Federal Credit Union 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Barley Snyder Savings Plan in PA (220 participants, $45M 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 160754720.

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.