401(k) · DOL Form 5500 · 2023
Smp Inc., T/a Summit Motor Products 401(k) Plan
Data updated 2026-08-25
- $1M
- Total assets Small plan by assets
- 13
- Participants Small participant base
- 27th
- Percentile by assets National rank
- $113,223
- Avg per participant Below avg balance/head
Official DOL plan name: Summit Motor Products Inc. 401(k) Plan · Sponsored by Smp Inc., T/a Summit Motor Products · New Jersey · Wholesale Trade
$1M in assets, 13 participants
Smp Inc., T/a Summit Motor Products's Summit Motor Products Inc. 401(k) Plan reported $1M in total assets and 13 participants in its 2023 DOL Form 5500 filing, ranking in the 27th 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.
- #1,040 in Wholesale Trade (6,309 peers)
Smp Inc., T/a Summit Motor Products multi-year trail
Smp Inc., T/a Summit Motor Products's plans moved -17.9% in assets from 2022 to 2023; this filing shows Summit Motor Products Inc. 401(k) Plan at $1M / 13 participants.
- #1,040
- in Wholesale Trade (6,309 peers)
- -17.9%
- assets change YoY
The plan reported a net loss of $320K for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
Summit Motor Products Inc. 401(k) Plan among the smaller filed plans by assets
Summit Motor Products Inc. 401(k) Plan vs every filed plan by assets
End-of-year total assets · plan year 2023 · DOL Form 5500
$1,471,903 27th percentile higher than 27% of 127,068 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023
Summit Motor Products Inc. 401(k) Plan among smaller filed plans by headcount
Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Summit Motor Products Inc. 401(k) Plan is a small filing (13 participants) on this national headcount ladder.
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- Summit Motor Products Inc. 401(k) Plan reported net income rose from -$451K in the plan year 2022 filing to -$320K in the plan year 2023 filing.
- Summit Motor Products Inc. 401(k) Plan end-of-year assets fell from $2M in the plan year 2022 filing to $1M in the plan year 2023 filing.
- Summit Motor Products Inc. 401(k) Plan reported participants fell from 15 in the plan year 2022 filing to 13 in the plan year 2023 filing.
EBSA filing schedule strip
Filing strip 221811635 · Smp Inc., T/a Summit Motor Products PY 2023 · 401(k)
Summit Motor Products Inc. 401(k) Plan · $1M · 13 · 27th
- NET $1M
- BOOK 13
- VS-ST 27th
- BOY 401(k)
- SCH near Diversified Machine Systems, LLC 401(k) Plan
- EBSA ind #1040
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 Wholesale Trade retirement plans → · Plans in New Jersey →
Summit Motor Products Inc. 401(k) Plan in the asset neighbourhood
Smp Inc., T/a Summit Motor Products multi-year asset trail
Sponsor-wide plan assets over time
All Smp Inc., T/a Summit Motor Products plans reported in each filing year
- Latest sponsor-wide plan assets
- $1M 17.853800265541693% vs 2022
- 2023 filing year
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 15 | $2M |
| 2023 | 2 | 25 | $1M |
Smp Inc., T/a Summit Motor Products filing trail (2023)
| Total Assets (Beginning of Year) | $2M |
|---|---|
| Net Assets (End of Year) | $1M |
| Net Income | -$320K |
| Employer EIN | 221811635 |
| Plan Effective Date | 1997-01-01 |
| Filing Status | FILING RECEIVED |
Nearby 401(k) Plans in New Jersey
Peer 401(k) plans, same state, same plan type, ranked by total assets.
- JPMorgan Chase 401(k) Savings Plan $44.6B · 176,610
- Verizon Savings Plan for Management Employees $27.8B · 78,072
- Johnson and Johnson Savings Plan $22.2B · 41,291
- Ernst & Young Retirement Savings Plan $15.5B · 59,346
- Merck US Savings Plan $13.4B · 26,850
Summit Motor Products Inc. 401(k) Plan's out-of-state 401(k) peers by assets and headcount
Outside New Jersey, the nearest 401(k) by assets is Diversified Machine Systems, LLC 401(k) Plan in CO ($1M); by covered participants it is Mid-America Eye Center, Inc. Employees' Profit Sharing Plan in KS (13 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($1M here).
Similar participant headcount
Nearest other-state filings by covered participants (13 participants); asset peers above are excluded.
DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.