401(k) · DOL Form 5500 · 2023

Sumitomo Mitsui Banking Corporation 401(k) Plan

Data updated 2026-08-25

$620M
Total assets Above avg plan size
3,721
Participants Above avg headcount
98th
Percentile by assets National rank
$166,562
Avg per participant Above avg balance/head
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Official DOL plan name: Sumitomo Mitsui Banking Corporation 401(k) Plan · Sponsored by Sumitomo Mitsui Banking Corporation · New York · Finance & Insurance

$620M in assets, 3,721 participants

Sumitomo Mitsui Banking Corporation's Sumitomo Mitsui Banking Corporation 401(k) Plan reported $620M in total assets and 3,721 participants in its 2023 DOL Form 5500 filing, ranking in the 98th 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.

  • #8,535 in Finance & Insurance (8,869 peers)

Coverage in New York

Sumitomo Mitsui Banking Corporation 401(k) Plan covers 3,721 participants in New York, 4.7x the typical New York plan (state average ~798 per filing). Assets: $620M.

#8,535
in Finance & Insurance (8,869 peers)
+31.0%
assets growth YoY
6.2×
vs typical plan assets (national mean)

Sumitomo Mitsui Banking Corporation 401(k) Plan's outsized position by total assets

Sumitomo Mitsui Banking Corporation 401(k) Plan vs every filed plan by assets

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

$619,776,939 Top 2% higher than 98% 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

Sumitomo Mitsui Banking Corporation 401(k) Plan's large-plan peer group by participant headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Sumitomo Mitsui Banking Corporation 401(k) Plan lands in the large band (3,721 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Sumitomo Mitsui Banking Corporation 401(k) Plan reported net income rose from -$40M in the plan year 2022 filing to $147M in the plan year 2023 filing.
  • Sumitomo Mitsui Banking Corporation 401(k) Plan end-of-year assets rose from $473M in the plan year 2022 filing to $620M in the plan year 2023 filing.
  • Sumitomo Mitsui Banking Corporation 401(k) Plan reported participants rose from 2,975 in the plan year 2022 filing to 3,721 in the plan year 2023 filing.

See the national 2022→2023 release diff →

DOL schedule card

Filing strip 135611820 · Sumitomo Mitsui Banking Corporation PY 2023 · 401(k)

Sumitomo Mitsui Banking Corporation 401(k) Plan · $620M · 3,721 · 98th

  • PHOTO $620M
  • PHOTO 3,721
  • PHOTO 98th
  • PHOTO 401(k)
  • PHOTO near The Elanco US, Inc. 401(k) Plan
  • PHOTO ind #8535

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 →

Sumitomo Mitsui Banking Corporation 401(k) Plan in the asset neighbourhood

Randstad North America 401(k) PlanRandstad North America 401(k…$622MLeprino Foods Company Profit Sharing and 401(k) PlanLeprino Foods Company Profit…$621MSumitomo Mitsui Banking Corporation 401(k) PlanSumitomo Mitsui Banking Corp…$620MThe Elanco US, Inc. 401(k) PlanThe Elanco US, Inc. 401(k) P…$620MDomtar US Salaried 401(k) PlanDomtar US Salaried 401(k) Pl…$620M
End-of-year total assets ($M) among Sumitomo Mitsui Banking Corporation 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

New York filing particulars

Total Assets (Beginning of Year)$473M
Net Assets (End of Year)$620M
Net Income$147M
Employer EIN135611820
Plan Effective Date1991-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Sumitomo Mitsui Banking Corporation)

Sponsor-wide plan assets over time

All Sumitomo Mitsui Banking Corporation plans reported in each filing year

Latest sponsor-wide plan assets
$1.1B 54.68554403802152% vs 2022
2024 filing year
$0.6B$0.8B$1B$1.2B 202220232024 $0.72B $1.11B ▲ +54.2%
Year Plans Participants Total Assets
2022 2 5,480 $715M
2023 2 6,815 $901M
2024 2 7,891 $1.1B

Nearby 401(k) Plans in New York

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

Sumitomo Mitsui Banking Corporation 401(k) Plan vs. nearby 401(k) plans in New York, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 -20020406080 Total assets ($B) Participants Sumitomo Mitsui Banking Corporation 401(k) Plan, Total assets ($B): 0.619776939 · Participants: 3721Sumitomo Mitsui Banking Corporation 401(k) PlanIBM 401 (K) Plus Plan, Total assets ($B): 57.428456306 · Participants: 54912IBM 401 (K) Plus PlanPfizer Savings Plan, Total assets ($B): 19.56134085 · Participants: 30033Pfizer Savings PlanMorgan Stanley 401(k) Plan, Total assets ($B): 19.235068266 · Participants: 55363Morgan Stanley 401(k) PlanThe Pepsico Savings Plan, Total assets ($B): 13.651296 · Participants: 133597The Pepsico Savings PlanThe Goldman Sachs 401(k) Plan, Total assets ($B): 11.428659742 · Participants: 24866The Goldman Sachs 401(k) Plan
Sumitomo Mitsui Banking Corporation 401(k) Plan vs. nearby 401(k) plans in New York, assets vs. participants
Compare Sumitomo Mitsui Banking Corporation 401(k) Plan side-by-side with 3 peers →

Sumitomo Mitsui Banking Corporation 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside New York, the nearest 401(k) by assets is The Elanco US, Inc. 401(k) Plan in IN ($620M); by covered participants it is 1life Healthcare, Inc. 401(k) Plan in CA (3,720 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($620M here).

Similar participant headcount

Nearest other-state filings by covered participants (3,721 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 Sumitomo Mitsui Banking Corporation 401(k) Plan assets move in 2023? ▼
Sumitomo Mitsui Banking Corporation 401(k) Plan surged - up 31.0% during 2023, from $473M to $620M. Reported net income was $147M.
How have Sumitomo Mitsui Banking Corporation plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Sumitomo Mitsui Banking Corporation's sponsor-wide assets grew 54.7%, from $715M to $1.1B.
Where does Sumitomo Mitsui Banking Corporation 401(k) Plan rank by assets among Form 5500 filers? ▼
Sumitomo Mitsui Banking Corporation 401(k) Plan ranks in the 98th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top 5% of all filed plans by assets).
Which 401(k) plans are similar in size to Sumitomo Mitsui Banking Corporation 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is The Elanco US, Inc. 401(k) Plan in IN ($620M, 3,656 participants).
Which 401(k) plans cover a similar participant headcount to Sumitomo Mitsui Banking Corporation 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is 1life Healthcare, Inc. 401(k) Plan in CA (3,720 participants, $239M 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 135611820.

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.