Defined Benefit (Pension) · DOL Form 5500 · 2022

Summit Federal Credit Union Pension Plan

Data updated 2026-08-25

$32M
Total assets Below avg plan size
178
Participants Small participant base
84th
Percentile by assets National rank
$178,810
Avg per participant Above avg balance/head
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Official DOL plan name: The Summit Federal Credit Union Pension Plan · Sponsored by Summit Federal Credit Union · New York · Finance & Insurance

$32M in assets, 178 participants

Summit Federal Credit Union's The Summit Federal Credit Union Pension Plan reported $32M in total assets and 178 participants in its 2022 DOL Form 5500 filing, ranking in the 84th 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.

  • #6,798 in Finance & Insurance (9,261 peers)

Coverage in New York

The Summit Federal Credit Union Pension Plan covers 178 participants in New York, about 22% of the average New York filer (state average ~798 per filing). Assets: $32M.

#6,798
in Finance & Insurance (9,261 peers)
+3.7%
assets growth YoY
0.3×
vs typical plan assets (national mean)

The Summit Federal Credit Union Pension Plan's outsized position by total assets

The Summit Federal Credit Union Pension Plan vs every filed plan by assets

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

$31,828,140 Top 16% higher than 84% 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 Pension 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 Pension Plan sits mid-pack in the medium band (178 participants).

EBSA filing schedule strip

Filing strip 160754720 · Summit Federal Credit Union PY 2022 · Defined Benefit (Pension)

The Summit Federal Credit Union Pension Plan · $32M · 178 · 84th

  • ASSETS $32M
  • PCT 178
  • EIN 84th
  • RANK Defined Benefit (Pension)
  • PHOTO near Nordson Corporation Hourly-Rated Employees Pension Plan
  • IND ind #6798

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 Pension Plan in the asset neighbourhood

Pension Plan of the Pennsylvania Medical SocietyPension Plan of the Pennsylv…$32MAvadian Credit Union Defined Benefit PlanAvadian Credit Union Defined…$32MThe Summit Federal Credit Union Pension PlanThe Summit Federal Credit Un…$32MNordson Corporation Hourly-Rated Employees Pension PlanNordson Corporation Hourly-R…$32MEstate of William G. Helis Retirement PlanEstate of William G. Helis R…$32M
End-of-year total assets ($M) among The Summit Federal Credit Union Pension Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2022.

New York filing particulars

Total Assets (Beginning of Year)$31M
Net Assets (End of Year)$32M
Net Income$1M
Employer EIN160754720
Plan Effective Date1964-07-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Summit Federal Credit Union)

Sponsor-wide plan assets over time

All Summit Federal Credit Union 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 Defined Benefit (Pension) Plans in New York

Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.

The Summit Federal Credit Union Pension Plan vs. nearby Defined Benefit (Pension) plans in New York, assets vs. participants Scatter plot of 6 data points. -500005000100001500020000 -100102030 Total assets ($B) Participants The Summit Federal Credit Union Pension Plan, Total assets ($B): 0.03182814 · Participants: 178The Summit Federal Credit Union Pension PlanIBM Personal Pension Plan, Total assets ($B): 25.511753238 · Participants: 16431IBM Personal Pension PlanConsolidated Edison Retirement Plan, Total assets ($B): 15.815266303 · Participants: 11303Consolidated Edison Retirement PlanPepsico Employees Retirement Plan I, Total assets ($B): 7.656963 · Participants: 11386Pepsico Employees Retirement Plan INew York State Nurses Association Pension Plan, Total assets ($B): 5.019503014 · Participants: 18592New York State Nurses Association Pension PlanNew York District Council of Carpenters Pension Pl, Total assets ($B): 4.837058087 · Participants: 11318New York District Council of Carpenters Pension Pl
The Summit Federal Credit Union Pension Plan vs. nearby Defined Benefit (Pension) plans in New York, assets vs. participants
Compare The Summit Federal Credit Union Pension Plan side-by-side with 3 peers →

The Summit Federal Credit Union Pension Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside New York, the nearest Defined Benefit (Pension) by assets is Nordson Corporation Hourly-Rated Employees Pension Plan in OH ($32M); by covered participants it is Bac - Salaried Employees Pension Plan in DC (178 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (178 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 Pension Plan assets move in 2022? ▼
The Summit Federal Credit Union Pension Plan edged up modestly - up 3.7% during 2022, from $31M to $32M. Reported net income was $1M.
How have Summit Federal Credit Union plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Summit Federal Credit Union's sponsor-wide assets grew 17.6%, from $55M to $65M.
Where does The Summit Federal Credit Union Pension Plan rank by assets among Form 5500 filers? ▼
The Summit Federal Credit Union Pension Plan ranks in the 84th 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 Defined Benefit (Pension) plans are similar in size to The Summit Federal Credit Union Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Nordson Corporation Hourly-Rated Employees Pension Plan in OH ($32M, 10 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to The Summit Federal Credit Union Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Bac - Salaried Employees Pension Plan in DC (178 participants, $176M 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.