Profit Sharing · DOL Form 5500 · 2023
Sumitomo Electric U.S.a Holdings, Inc. Profit Sharing Plan
Data updated 2026-08-25
- $178M
- Total assets Near avg plan size
- 1,122
- Participants Near avg headcount
- 94th
- Percentile by assets National rank
- $158,589
- Avg per participant Above avg balance/head
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.
- #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.
- #17,074
- in Manufacturing (18,722 peers)
- +12.5%
- assets growth YoY
- 1.8×
- vs typical plan assets (national mean)
Sumitomo Electric Group 401(k) Plan's outsized position by total assets
Sumitomo Electric Group 401(k) Plan vs every filed plan by assets
End-of-year total assets · plan year 2023 · DOL Form 5500
$177,936,422 Top 6% higher than 94% of 127,068 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023
Sumitomo Electric Group 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 Electric Group 401(k) Plan lands in the large band (1,122 participants).
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.
Published 5500 schedule card
Filing strip 561646307 · Sumitomo Electric U.S.a Holdings, Inc. PY 2023 · Profit Sharing
Sumitomo Electric Group 401(k) Plan · $178M · 1,122 · 94th
- NET $178M
- NET 1,122
- NET 94th
- NET Profit Sharing
- NET near Do It Best Corp. Restated Employees' Savings & Profit Sharing Plan
- NET ind #17074
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 Manufacturing retirement plans → · Plans in New York →
Sumitomo Electric Group 401(k) Plan in the asset neighbourhood
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.)
Sponsor-wide plan assets over time
All Sumitomo Electric U.S.a Holdings, Inc. plans reported in each filing year
- Latest sponsor-wide plan assets
- $246M 55.634340535625334% vs 2022
- 2024 filing year
| 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.
- 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
Sumitomo Electric Group 401(k) Plan's out-of-state Profit Sharing peers by assets and headcount
Outside New York, the nearest Profit Sharing by assets is Do It Best Corp. Restated Employees' Savings & Profit Sharing Plan in IN ($177M); by covered participants it is Indiana State Council of Plasterers & Cement Mason Pension Fund in IN (1,127 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($178M here).
- 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
Similar participant headcount
Nearest other-state filings by covered participants (1,122 participants); asset peers above are excluded.
- Indiana State Council of Plasterers & Cement Mason Pension Fund (IN) 1,127 · 5 off
- The Wgbh Educational Foundation Retirement Plan (MA) 1,129 · 7 off
- The Savings Plan for Lilly Affiliate Employees in Puerto Rico (PR) 1,114 · 8 off
- Illinois Operative Plasterers & Cement Masons Annuity Fund (IL) 1,114 · 8 off
DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.