401(k) · DOL Form 5500 · 2023

Summit Funding, Inc. 401(k) Plan

Data updated 2026-08-25

$45M
Total assets Below avg plan size
640
Participants Below avg headcount
84th
Percentile by assets National rank
$70,415
Avg per participant Below avg balance/head
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Official DOL plan name: Summit Funding, Inc. 401(k) Plan · Sponsored by Summit Funding, Inc. · California · Finance & Insurance

$45M in assets, 640 participants

Summit Funding, Inc.'s Summit Funding, Inc. 401(k) Plan reported $45M in total assets and 640 participants in its 2023 DOL Form 5500 filing, ranking in the 84th 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.

  • #6,754 in Finance & Insurance (8,869 peers)

Where Summit Funding, Inc. 401(k) Plan sits by assets

Summit Funding, Inc. 401(k) Plan sits in the top quartile of all filed plans by assets, $45M for 640 participants (~$70,415/participant), up 8.6% in 2023.

#6,754
in Finance & Insurance (8,869 peers)
+8.6%
assets growth YoY
0.5×
vs typical plan assets (national mean)

Summit Funding, Inc. 401(k) Plan's outsized position by total assets

Summit Funding, Inc. 401(k) Plan vs every filed plan by assets

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

$45,065,341 Top 16% higher than 84% 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 Funding, Inc. 401(k) Plan among mid-size filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Summit Funding, Inc. 401(k) Plan sits mid-pack in the medium band (640 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Summit Funding, Inc. 401(k) Plan reported net income rose from -$11M in the plan year 2022 filing to $4M in the plan year 2023 filing.
  • Summit Funding, Inc. 401(k) Plan reported participants fell from 1,105 in the plan year 2022 filing to 640 in the plan year 2023 filing.
  • Summit Funding, Inc. 401(k) Plan end-of-year assets rose from $41M in the plan year 2022 filing to $45M in the plan year 2023 filing.

See the national 2022→2023 release diff →

DOL schedule card

Filing strip 911780488 · Summit Funding, Inc. PY 2023 · 401(k)

Summit Funding, Inc. 401(k) Plan · $45M · 640 · 84th

  • BOY $45M
  • SCH 640
  • EBSA 84th
  • PART 401(k)
  • TYPE near North American Hoganas Salary 401(k) Plan
  • NET ind #6754

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 California →

Summit Funding, Inc. 401(k) Plan in the asset neighbourhood

Summit Funding, Inc. 401(k) PlanSummit Funding, Inc. 401(k) …$45MFesco, Ltd. 401(k) Plan$45MThe Fred W. Albrecht Grocery Company Associates' 401(k)The Fred W. Albrecht Grocery…$45MNorth American Hoganas Salary 401(k) PlanNorth American Hoganas Salar…$45MHeadington Companies, LLC$45M
End-of-year total assets ($M) among Summit Funding, Inc. 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)$41M
Net Assets (End of Year)$45M
Net Income$4M
Employer EIN911780488
Plan Effective Date1999-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Summit Funding, Inc.)

Sponsor-wide plan assets over time

All Summit Funding, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$46M 10.153242625168241% vs 2022
2024 filing year
$40M$42M$44M$46M$48M 202220232024 $41.5M $45.7M ▲ +10.1%
Year Plans Participants Total Assets
2022 1 1,105 $41M
2023 1 640 $45M
2024 1 502 $46M

Nearby 401(k) Plans in California

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

Summit Funding, Inc. 401(k) Plan vs. nearby 401(k) plans in California, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000200000250000 -200204060 Total assets ($B) Participants Summit Funding, Inc. 401(k) Plan, Total assets ($B): 0.045065341 · Participants: 640Summit Funding, Inc. 401(k) PlanWells Fargo & Company 401(k) Plan, Total assets ($B): 51.831350351 · Participants: 193919Wells Fargo & Company 401(k) PlanGoogle LLC 401(k) Savings Plan, Total assets ($B): 39.047152408 · Participants: 122867Google LLC 401(k) Savings PlanOracle Corporation 401(k) Savings and Investment Plan, Total assets ($B): 26.320437734 · Participants: 63105Oracle Corporation 401(k) Savings and Investment PlanIntel 401(k) Savings Plan, Total assets ($B): 22.17918189 · Participants: 59863Intel 401(k) Savings PlanApple 401(k) Plan, Total assets ($B): 19.779511539 · Participants: 106111Apple 401(k) Plan
Summit Funding, Inc. 401(k) Plan vs. nearby 401(k) plans in California, assets vs. participants
Compare Summit Funding, Inc. 401(k) Plan side-by-side with 3 peers →

Summit Funding, Inc. 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside California, the nearest 401(k) by assets is North American Hoganas Salary 401(k) Plan in PA ($45M); by covered participants it is Marsh Furniture Company 401(k) Plan in NC (640 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($45M here).

Similar participant headcount

Nearest other-state filings by covered participants (640 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 Funding, Inc. 401(k) Plan assets move in 2023? ▼
Summit Funding, Inc. 401(k) Plan grew at a solid clip - up 8.6% during 2023, from $41M to $45M. Reported net income was $4M.
How have Summit Funding, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Summit Funding, Inc.'s sponsor-wide assets grew 10.2%, from $41M to $46M.
Where does Summit Funding, Inc. 401(k) Plan rank by assets among Form 5500 filers? ▼
Summit Funding, Inc. 401(k) Plan ranks in the 84th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top quartile of all filed plans by assets).
Which 401(k) plans are similar in size to Summit Funding, Inc. 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is North American Hoganas Salary 401(k) Plan in PA ($45M, 158 participants).
Which 401(k) plans cover a similar participant headcount to Summit Funding, Inc. 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Marsh Furniture Company 401(k) Plan in NC (640 participants, $18M 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 911780488.

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.