Profit Sharing · DOL Form 5500 · 2023
Sumitomo Electric U.S.a Holdings, Inc. Profit Sharing Plan
Data updated 2026-08-11
- $178M
- Total assets
- 1,122
- Participants
- 94th
- Percentile by assets
- $158,589
- Avg per participant
Official DOL plan name: Sumitomo Electric Group 401(k) Plan · Sponsored by Sumitomo Electric U.S.a Holdings, Inc. · New York · Manufacturing
$178M in assets, 1,122 participants
Sumitomo Electric U.S.a Holdings, Inc.'s Sumitomo Electric Group 401(k) Plan reported $178M in total assets and 1,122 participants in its 2023 DOL Form 5500 filing, ranking in the 94th 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.
- 94th percentile by assets (of 127,072 plans)
- #17,074 in Manufacturing (18,722 peers)
Where Sumitomo Electric Group 401(k) Plan sits by assets
Sumitomo Electric Group 401(k) Plan sits in the top 10% of all filed plans by assets, $178M for 1,122 participants (~$158,589/participant), up 12.5% in 2023.
- $178M
- total plan assets (2023 EOY)
- 1,122
- covered participants
- 94th
- percentile by assets (of 127,072 plans)
- $158,589
- avg assets per participant
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- Sumitomo Electric Group 401(k) Plan reported net income rose from -$35M in the plan year 2022 filing to $20M in the plan year 2023 filing.
- Sumitomo Electric Group 401(k) Plan reported participants fell from 1,320 in the plan year 2022 filing to 1,122 in the plan year 2023 filing.
- Sumitomo Electric Group 401(k) Plan end-of-year assets rose from $158M in the plan year 2022 filing to $178M in the plan year 2023 filing.
Sumitomo Electric Group 401(k) Plan vs the 2023 asset distribution
By assets, Sumitomo Electric Group 401(k) Plan outranks 94% of the 127,072 plans that filed a Form 5500 for the 2023 plan year, and holds roughly 1.8x the national average plan size of $100M (721 average participants).
Scale-class filing particulars (2023)
| Total Assets (Beginning of Year) | $158M |
|---|---|
| Net Assets (End of Year) | $178M |
| Net Income | $20M |
| Employer EIN | 561646307 |
| Plan Effective Date | 1983-07-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Sumitomo Electric U.S.a Holdings, Inc.)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 1,320 | $158M |
| 2023 | 1 | 1,122 | $178M |
| 2024 | 1 | 1,181 | $246M |
Nearby Profit Sharing Plans in New York
Peer Profit Sharing plans, same state, same plan type, ranked by total assets.
Sumitomo Electric Group 401(k) Plan vs. nearby Profit Sharing plans in New York, assets vs. participants
- Annuity Plan of the Electrical Industry $2.2B · 18,907
- Annuity Fund Iuoe Local 15, 15a, 15c, 15d AFL-CIO $1.9B · 3,402
- Annuity Fd of the Iuoe Local Union 94, 94a, 94b AFL-CIO $1.7B · 5,807
- The Research Foundation for Suny Retirement Plan $1.2B · 10,120
- Mason Tenders District Council Annuity Fund $913M · 11,237
Similar-Sized Profit Sharing Plans Nationally
Profit Sharing plans in other states closest to Sumitomo Electric Group 401(k) Plan by total assets, not by location.
- Do It Best Corp. Restated Employees' Savings & Profit Sharing Plan (IN) $177M · 1,818
- International Brotherhood of Electrical Workers Local Union No. 99 Annuity Plan (RI) $179M · 694
- Lakeland Regional Medical Center Retirement Plan Trust (FL) $177M · 4,477
- Bricklayers of Indiana Retirement Plan (IN) $176M · 971
Frequently Asked Questions
How did Sumitomo Electric Group 401(k) Plan assets move in 2023? ▼
How have Sumitomo Electric U.S.a Holdings, Inc. plan assets changed over time? ▼
Where does Sumitomo Electric Group 401(k) Plan rank by assets among Form 5500 filers? ▼
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Next read for Sumitomo Electric Group 401(k) Plan
Scale reading
Ways to act on Sumitomo Electric Group 401(k) Plan's numbers.
- By total assets, Sumitomo Electric Group 401(k) Plan ranks in the top 10% of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar Profit Sharing plans in New York. Compare plans
- Sumitomo Electric U.S.a Holdings, Inc.'s sponsor-wide assets have grown 55.6% since 2022 across 3 plan years on file. More Manufacturing plans