Profit Sharing · DOL Form 5500 · 2023

Summit Trust Summit Land Company Profit Sharing Plan

Data updated 2026-08-25

$1M
Total assets Small plan by assets
2
Participants Small participant base
25th
Percentile by assets National rank
$577,883
Avg per participant High balance/head
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Official DOL plan name: Summit Trust · Sponsored by Summit Trust Summit Land Company · Oklahoma · Mining & Oil Extraction

$1M in assets, 2 participants

Summit Trust Summit Land Company's Summit Trust reported $1M in total assets and 2 participants in its 2023 DOL Form 5500 filing, ranking in the 25th 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.

  • #59 in Mining & Oil Extraction (811 peers)

Summit Trust Summit Land Company multi-year trail

Summit Trust Summit Land Company's plans moved -15.7% in assets from 2022 to 2024; this filing shows Summit Trust at $1M / 2 participants.

#59
in Mining & Oil Extraction (811 peers)
-18.2%
assets change YoY

The plan reported a net loss of $258K for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Summit Trust among the smaller filed plans by assets

Summit Trust vs every filed plan by assets

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

$1,155,765 25th percentile higher than 25% 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 Trust among micro filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Summit Trust is a micro filing (2 participants), the leftmost band.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Summit Trust reported net income fell from -$182K in the plan year 2022 filing to -$258K in the plan year 2023 filing.
  • Summit Trust end-of-year assets fell from $1M in the plan year 2022 filing to $1M in the plan year 2023 filing.

See the national 2022→2023 release diff →

Published 5500 schedule card

Filing strip 731400655 · Summit Trust Summit Land Company PY 2023 · Profit Sharing

Summit Trust · $1M · 2 · 25th

  • EBSA $1M
  • EBSA 2
  • EBSA 25th
  • EBSA Profit Sharing
  • EBSA near Frenvey, Inc. Profit Sharing Plan
  • EBSA ind #59

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 Mining & Oil Extraction retirement plans → · Plans in Oklahoma →

Summit Trust in the asset neighbourhood

Summit Trust$1MFrenvey, Inc. Profit Sharing PlanFrenvey, Inc. Profit Sharing…$1MB & B Appliance, Inc. Profit Sharing PlanB & B Appliance, Inc. Profit…$1MPetrongolo Contractors, Inc. Profit Sharing PlanPetrongolo Contractors, Inc.…$1MWessel & Associates, Inc. Profit-Sharing PlanWessel & Associates, Inc. Pr…$1M
End-of-year total assets ($M) among Summit Trust and nearest nationwide Profit Sharing peers. Source: DOL Form 5500 plan year 2023.

Summit Trust Summit Land Company multi-year asset trail

Sponsor-wide plan assets over time

All Summit Trust Summit Land Company plans reported in each filing year

Latest sponsor-wide plan assets
$1M 15.74627356631959% vs 2022
2024 filing year
$1.1M$1.2M$1.3M$1.4M$1.5M 202220232024 $1.41M $1.19M ▼ -15.6%
Year Plans Participants Total Assets
2022 1 2 $1M
2023 1 2 $1M
2024 1 1 $1M

Summit Trust Summit Land Company filing trail (2023)

Total Assets (Beginning of Year)$1M
Net Assets (End of Year)$1M
Net Income-$258K
Employer EIN731400655
Plan Effective Date1996-01-01
Filing StatusFILING RECEIVED

Nearby Profit Sharing Plans in Oklahoma

Peer Profit Sharing plans, same state, same plan type, ranked by total assets.

Summit Trust vs. nearby Profit Sharing plans in Oklahoma, assets vs. participants Scatter plot of 6 data points. -500050010001500 -50050100150 Total assets ($M) Participants Summit Trust, Total assets ($M): 1.155765 · Participants: 2Summit TrustDolese Bros. Co. Profit Sharing Plan, Total assets ($M): 120.922937 · Participants: 992Dolese Bros. Co. Profit Sharing PlanFamily & Children's Services 403(b) Plan, Total assets ($M): 37.32253 · Participants: 989Family & Children's Services 403(b) PlanEskridge Auto Group Profit Sharing Plan, Total assets ($M): 27.111234 · Participants: 141Eskridge Auto Group Profit Sharing PlanVeenker Resources, Inc. Profit Sharing Plan, Total assets ($M): 20.884443 · Participants: 11Veenker Resources, Inc. Profit Sharing PlanMesser-Bowers Profit Sharing Plan, Total assets ($M): 9.274333 · Participants: 40Messer-Bowers Profit Sharing Plan
Summit Trust vs. nearby Profit Sharing plans in Oklahoma, assets vs. participants
Compare Summit Trust side-by-side with 3 peers →

Summit Trust's out-of-state Profit Sharing peers by assets and headcount

Outside Oklahoma, the nearest Profit Sharing by assets is Frenvey, Inc. Profit Sharing Plan in FL ($1M); by covered participants it is Johnson Goldberg & Brown, Ltd Profit Sharing Plan in IL (2 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (2 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 Trust assets move in 2023? ▼
Summit Trust declined sharply - down 18.2% during 2023, from $1M to $1M. Reported net income was -$258K.
How have Summit Trust Summit Land Company plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Summit Trust Summit Land Company's sponsor-wide assets declined 15.7%, from $1M to $1M.
Where does Summit Trust rank by assets among Form 5500 filers? ▼
Summit Trust ranks in the 25th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the lower half of filed plans by assets).
Which Profit Sharing plans are similar in size to Summit Trust? ▼
Among Profit Sharing plans in other states, the closest by assets is Frenvey, Inc. Profit Sharing Plan in FL ($1M, 128 participants).
Which Profit Sharing plans cover a similar participant headcount to Summit Trust? ▼
Among Profit Sharing plans in other states, the closest by covered participants is Johnson Goldberg & Brown, Ltd Profit Sharing Plan in IL (2 participants, $5M 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 731400655.

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.