Defined Benefit (Pension) · DOL Form 5500 · 2022

Summit Credit Union Pension Plan

Data updated 2026-08-25

$7M
Total assets Small plan by assets
95
Participants Small participant base
57th
Percentile by assets National rank
$73,198
Avg per participant Below avg balance/head
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Official DOL plan name: Summit Credit Union Defined Benefit Plan and Trust · Sponsored by Summit Credit Union · North Carolina · Finance & Insurance

$7M in assets, 95 participants

Summit Credit Union's Summit Credit Union Defined Benefit Plan and Trust reported $7M in total assets and 95 participants in its 2022 DOL Form 5500 filing, ranking in the 57th 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.

  • #3,791 in Finance & Insurance (9,261 peers)

Summit Credit Union multi-year trail

Summit Credit Union's plans moved -15.8% in assets from 2022 to 2024; this filing shows Summit Credit Union Defined Benefit Plan and Trust at $7M / 95 participants.

#3,791
in Finance & Insurance (9,261 peers)
+13.4%
assets growth YoY

Summit Credit Union Defined Benefit Plan and Trust's mid-pack asset rank among Finance & Insurance and all filers

Summit Credit Union Defined Benefit Plan and Trust vs every filed plan by assets

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

$6,953,788 Top 43% higher than 57% 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 Credit Union Defined Benefit Plan and Trust 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 Credit Union Defined Benefit Plan and Trust is a small filing (95 participants) on this national headcount ladder.

DOL schedule card

Filing strip 560432082 · Summit Credit Union PY 2022 · Defined Benefit (Pension)

Summit Credit Union Defined Benefit Plan and Trust · $7M · 95 · 57th

  • EOY $7M
  • 5500 95
  • ASSETS 57th
  • PCT Defined Benefit (Pension)
  • EIN near Wjl Distributors Inc Defined Benefit Pension Plan
  • RANK ind #3791

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 North Carolina →

Summit Credit Union Defined Benefit Plan and Trust in the asset neighbourhood

Wjl Distributors Inc Defined Benefit Pension PlanWjl Distributors Inc Defined…$7MGreensboro Transit Management Inc. Employees Retirement PlanGreensboro Transit Managemen…$7MAcme Industries of West Babylon, Inc. Retirement PlanAcme Industries of West Baby…$7MSummit Credit Union Defined Benefit Plan and TrustSummit Credit Union Defined …$7MWyle Inc. Retirement Plan$7M
End-of-year total assets ($M) among Summit Credit Union Defined Benefit Plan and Trust and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2022.

Summit Credit Union multi-year asset trail

Sponsor-wide plan assets over time

All Summit Credit Union plans reported in each filing year

Latest sponsor-wide plan assets
$9M 15.793992690522915% vs 2022
2024 filing year
$7M$8M$9M$10M$11M 202220232024 $10.1M $8.51M ▼ -15.7%
Year Plans Participants Total Assets
2022 2 197 $10M
2023 1 100 $8M
2024 1 101 $9M

Summit Credit Union filing trail (2022)

Total Assets (Beginning of Year)$6M
Net Assets (End of Year)$7M
Net Income$821K
Employer EIN560432082
Plan Effective Date1986-08-01
Filing StatusFILING RECEIVED

Nearby Defined Benefit (Pension) Plans in North Carolina

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

Summit Credit Union Defined Benefit Plan and Trust vs. nearby Defined Benefit (Pension) plans in North Carolina, assets vs. participants Scatter plot of 6 data points. -10000010000200003000040000 -505101520 Total assets ($B) Participants Summit Credit Union Defined Benefit Plan and Trust, Total assets ($B): 0.006953788 · Participants: 95Summit Credit Union Defined Benefit Plan and TrustHoneywell Retirement Earnings Plan, Total assets ($B): 17.0193439 · Participants: 12452Honeywell Retirement Earnings PlanTruist Financial Corporation Pension Plan, Total assets ($B): 12.462364023 · Participants: 37931Truist Financial Corporation Pension PlanDuke Energy Legacy Pension Plan, Total assets ($B): 4.0414 · Participants: 346Duke Energy Legacy Pension PlanDuke Energy Retirement Cash Balance Plan, Total assets ($B): 3.182 · Participants: 16132Duke Energy Retirement Cash Balance PlanTime Warner Cable Pension Plan, Total assets ($B): 2.583220843 · Participants: 18624Time Warner Cable Pension Plan
Summit Credit Union Defined Benefit Plan and Trust vs. nearby Defined Benefit (Pension) plans in North Carolina, assets vs. participants
Compare Summit Credit Union Defined Benefit Plan and Trust side-by-side with 3 peers →

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

Outside North Carolina, the nearest Defined Benefit (Pension) by assets is Wjl Distributors Inc Defined Benefit Pension Plan in CA ($7M); by covered participants it is Dietz & Watson, Inc. Union Employees' Pension Plan in PA (95 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (95 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 Credit Union Defined Benefit Plan and Trust assets move in 2022? ▼
Summit Credit Union Defined Benefit Plan and Trust grew at a solid clip - up 13.4% during 2022, from $6M to $7M. Reported net income was $821K.
How have Summit Credit Union plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Summit Credit Union's sponsor-wide assets declined 15.8%, from $10M to $9M.
Which Defined Benefit (Pension) plans are similar in size to Summit Credit Union Defined Benefit Plan and Trust? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Wjl Distributors Inc Defined Benefit Pension Plan in CA ($7M, 12 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Summit Credit Union Defined Benefit Plan and Trust? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Dietz & Watson, Inc. Union Employees' Pension Plan in PA (95 participants, $3M 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 560432082.

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.