401(k) · DOL Form 5500 · 2023

Summit Electric Supply Co., Inc. 401(k) Plan

Data updated 2026-08-25

$80M
Total assets Below avg plan size
601
Participants Below avg headcount
90th
Percentile by assets National rank
$133,180
Avg per participant Near avg balance/head
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Official DOL plan name: Summit Electric Supply Co. 401(k) Plan · Sponsored by Summit Electric Supply Co., Inc. · New Mexico · Wholesale Trade

$80M in assets, 601 participants

Summit Electric Supply Co., Inc.'s Summit Electric Supply Co. 401(k) Plan reported $80M in total assets and 601 participants in its 2023 DOL Form 5500 filing, ranking in the 90th 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.

  • #5,759 in Wholesale Trade (6,309 peers)

Where Summit Electric Supply Co. 401(k) Plan sits by assets

Summit Electric Supply Co. 401(k) Plan sits in the top 10% of all filed plans by assets, $80M for 601 participants (~$133,180/participant), up 17.7% in 2023.

#5,759
in Wholesale Trade (6,309 peers)
+17.7%
assets growth YoY
0.8×
vs typical plan assets (national mean)

Summit Electric Supply Co. 401(k) Plan's outsized position by total assets

Summit Electric Supply Co. 401(k) Plan vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$80,041,243 Top 10% higher than 90% of 127,068 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 2023

Summit Electric Supply Co. 401(k) Plan among mid-size filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Summit Electric Supply Co. 401(k) Plan sits mid-pack in the medium band (601 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Summit Electric Supply Co. 401(k) Plan reported net income rose from -$20M in the plan year 2022 filing to $12M in the plan year 2023 filing.
  • Summit Electric Supply Co. 401(k) Plan end-of-year assets rose from $68M in the plan year 2022 filing to $80M in the plan year 2023 filing.
  • Summit Electric Supply Co. 401(k) Plan reported participants rose from 560 in the plan year 2022 filing to 601 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Published 5500 schedule card

Filing strip 850252176 · Summit Electric Supply Co., Inc. PY 2023 · 401(k)

Summit Electric Supply Co. 401(k) Plan · $80M · 601 · 90th

  • 5500 $80M
  • 5500 601
  • 5500 90th
  • 5500 401(k)
  • 5500 near Triumph Financial, Inc. 401(k) Plan
  • 5500 ind #5759

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 Mexico →

Summit Electric Supply Co. 401(k) Plan in the asset neighbourhood

Cosentino's Food Stores 401(k) Profit Sharing Plan and TrustCosentino's Food Stores 401(…$80MTriumph Financial, Inc. 401(k) PlanTriumph Financial, Inc. 401(…$80MSummit Electric Supply Co. 401(k) PlanSummit Electric Supply Co. 4…$80MCrouse Hospital 401(k) Retirement Plan forCrouse Hospital 401(k) Retir…$80MKlehr Harrison Harvey Branzburg LLP 401(k) Profit Sharing PlanKlehr Harrison Harvey Branzb…$80M
End-of-year total assets ($M) among Summit Electric Supply Co. 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)$68M
Net Assets (End of Year)$80M
Net Income$12M
Employer EIN850252176
Plan Effective Date1997-07-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Summit Electric Supply Co., Inc.)

Sponsor-wide plan assets over time

All Summit Electric Supply Co., Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$95M 39.00690259157982% vs 2022
2024 filing year
$60M$70M$80M$90M$100M 202220232024 $68M $94.5M ▲ +39.0%
Year Plans Participants Total Assets
2022 1 560 $68M
2023 1 601 $80M
2024 1 657 $95M

Nearby 401(k) Plans in New Mexico

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

Summit Electric Supply Co. 401(k) Plan vs. nearby 401(k) plans in New Mexico, assets vs. participants Scatter plot of 6 data points. -500005000100001500020000 -202468 Total assets ($B) Participants Summit Electric Supply Co. 401(k) Plan, Total assets ($B): 0.080041243 · Participants: 601Summit Electric Supply Co. 401(k) PlanNtess Savings and Income Plan, Total assets ($B): 6.138288212 · Participants: 14721Ntess Savings and Income PlanTriad 401(k) Retirement Plan, Total assets ($B): 2.017061751 · Participants: 10005Triad 401(k) Retirement PlanTriad 401(k) Savings Plan, Total assets ($B): 0.83962508 · Participants: 2249Triad 401(k) Savings PlanPnm Resources, Inc. Retirement Savings Plan, Total assets ($B): 0.76542965 · Participants: 1531Pnm Resources, Inc. Retirement Savings PlanApplied Research Associates, Inc. 401(k) Profit Sharing Plan & Trust, Total assets ($B): 0.573005592 · Participants: 1962Applied Research Associates, Inc. 401(k) Profit Sharing Plan & Trust
Summit Electric Supply Co. 401(k) Plan vs. nearby 401(k) plans in New Mexico, assets vs. participants
Compare Summit Electric Supply Co. 401(k) Plan side-by-side with 3 peers →

Summit Electric Supply Co. 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside New Mexico, the nearest 401(k) by assets is Triumph Financial, Inc. 401(k) Plan in TX ($80M); by covered participants it is United Radio, Inc. 401(k) Retirement Plan in NY (601 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (601 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.

Frequently Asked Questions

How did Summit Electric Supply Co. 401(k) Plan assets move in 2023? ▼
Summit Electric Supply Co. 401(k) Plan grew sharply - up 17.7% during 2023, from $68M to $80M. Reported net income was $12M.
How have Summit Electric Supply Co., Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Summit Electric Supply Co., Inc.'s sponsor-wide assets grew 39.0%, from $68M to $95M.
Where does Summit Electric Supply Co. 401(k) Plan rank by assets among Form 5500 filers? ▼
Summit Electric Supply Co. 401(k) Plan ranks in the 90th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top 10% of all filed plans by assets).
Which 401(k) plans are similar in size to Summit Electric Supply Co. 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Triumph Financial, Inc. 401(k) Plan in TX ($80M, 1,440 participants).
Which 401(k) plans cover a similar participant headcount to Summit Electric Supply Co. 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is United Radio, Inc. 401(k) Retirement Plan in NY (601 participants, $32M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 850252176.

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.