Profit Sharing
2023 plan-year Profit Sharing DOL Form 5500

SUMMIT BROADBAND 401(K) PLAN

ERISA Form 5500 plan record drawn from DOL EBSA — verify with linked source filings below.

ORLANDO TELEPHONE COMPANY INC. DBA SUMMIT BROADBAND

This Profit Sharing plan holds $10M in total assets and serves 258 participants as of 2023. It is sponsored by ORLANDO TELEPHONE COMPANY INC. DBA SUMMIT BROADBAND in Florida. The plan reported positive net income of $1M for the year.

Total Assets (2023)
$10M
Participants
258
State
Industry
Information & Media

What the Filing Says About SUMMIT BROADBAND 401(K) PLAN

SUMMIT BROADBAND 401(K) PLAN is a Profit Sharing retirement plan sponsored by ORLANDO TELEPHONE COMPANY INC. DBA SUMMIT BROADBAND, headquartered in Florida. As of the 2023 Form 5500 filing, the plan reports $10M in total end-of-year assets and covers 258 participants across the Information & Media industry. The sponsor's EIN on file with the U.S. Department of Labor is 593439599, and the plan has been effective since 2023-10-12. Its filing status is currently FILING RECEIVED.

Year over year, total assets moved from N/A at the beginning of 2023 to $10M at year-end. Net assets (after liabilities) closed the year at $10M, with reported net income of $1M driven by investment returns, contributions received, and benefit payments during the period. These figures reflect what the plan administrator certified on Schedule H or Schedule I of the Form 5500 annual return and can be compared against 1 prior plan-year filing from the same sponsor shown below.

Asset totals and participant counts reflect a single plan year snapshot and can change materially with market conditions, plan mergers, or workforce changes. Fields such as "net income" include both realized investment performance and contribution/distribution flows — a single-year figure does not by itself indicate plan health or participant outcomes. This page summarizes public DOL disclosures for research and educational purposes only and is not retirement, tax, legal, or financial advice. Before making decisions about your own retirement benefits or evaluating an employer's plan, verify the underlying filing directly via the DOL EFAST2 system and consult a qualified professional.

Financial Summary (2023)

Total Assets (Beginning of Year)N/A
Total Assets (End of Year)$10M
Net Assets (End of Year)$10M
Net Income$1M
Plan TypeProfit Sharing
Employer EIN593439599
Plan Effective Date2023-10-12
Filing StatusFILING RECEIVED

Sponsor Plan History (ORLANDO TELEPHONE COMPANY INC. DBA SUMMIT BROADBAND)

Year Plans Participants Total Assets
2023 1 258 $10M
2024 1 296 $11M

Nearby Profit Sharing Plans in Florida

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

Frequently Asked Questions

How much money is in the SUMMIT BROADBAND 401(K) PLAN?
As of the 2023 Form 5500 filing, SUMMIT BROADBAND 401(K) PLAN holds $10M in total assets with 258 participants. It is sponsored by ORLANDO TELEPHONE COMPANY INC. DBA SUMMIT BROADBAND.
What type of plan is SUMMIT BROADBAND 401(K) PLAN?
SUMMIT BROADBAND 401(K) PLAN is a Profit Sharing plan. It has been effective since 2023-10-12. The plan is filed with the U.S. Department of Labor under EIN 593439599.
Who sponsors the SUMMIT BROADBAND 401(K) PLAN?
SUMMIT BROADBAND 401(K) PLAN is sponsored by ORLANDO TELEPHONE COMPANY INC. DBA SUMMIT BROADBAND, located in Florida. The sponsor's EIN is 593439599 and the plan operates in the Information & Media industry.
How did SUMMIT BROADBAND 401(K) PLAN perform in 2023?
SUMMIT BROADBAND 401(K) PLAN held $10M in total assets at the end of 2023. Net income was $1M.
Where can I find official filings for SUMMIT BROADBAND 401(K) PLAN?
Official Form 5500 filings for SUMMIT BROADBAND 401(K) PLAN are available through the U.S. Department of Labor's EFAST2 system. Search by EIN 593439599 or plan name at efast.dol.gov.
How does SUMMIT BROADBAND 401(K) PLAN compare to other plans?
You can compare SUMMIT BROADBAND 401(K) PLAN against other Profit Sharing plans on the plan type page, or view plans in Florida on the state page. PlainRetire tracks the 5,000 largest retirement plans in the U.S. by total assets.

Explore PlainRetire

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 593439599.

Reference: IRS Publication 560 — Retirement Plans for Small Business, contribution-limit rules.

Reference: IRS Publication 590-B — Distributions from IRAs, RMD rules under SECURE Act 2.0.

Data sourced from official public datasets. See our methodology for details.