401(k) · DOL Form 5500 · 2022

Summit Funding, Inc. 401(k) Plan

Data updated 2026-08-25

$41M
Total assets Below avg plan size
1,105
Participants Near avg headcount
86th
Percentile by assets National rank
$37,555
Avg per participant Low balance/head
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Official DOL plan name: Summit Funding, Inc. 401(k) Plan · Sponsored by Summit Funding, Inc. · California · Finance & Insurance

$41M in assets, 1,105 participants

Summit Funding, Inc.'s Summit Funding, Inc. 401(k) Plan reported $41M in total assets and 1,105 participants in its 2022 DOL Form 5500 filing, ranking in the 86th 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.

  • #7,237 in Finance & Insurance (9,261 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, $41M for 1,105 participants (~$37,555/participant), down 20.8% in 2022.

#7,237
in Finance & Insurance (9,261 peers)
-20.8%
assets change YoY
0.4×
vs typical plan assets (national mean)

The plan reported a net loss of $11M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

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 2022 · DOL Form 5500

$41,498,506 Top 14% higher than 86% of 139,123 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 2022

Summit Funding, Inc. 401(k) Plan's large-plan peer group by participant headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Summit Funding, Inc. 401(k) Plan lands in the large band (1,105 participants).

EBSA filing schedule strip

Filing strip 911780488 · Summit Funding, Inc. PY 2022 · 401(k)

Summit Funding, Inc. 401(k) Plan · $41M · 1,105 · 86th

  • TYPE $41M
  • NET 1,105
  • BOOK 86th
  • VS-ST 401(k)
  • BOY near Jacobsen Construction Company, Inc. 401(k) Plan
  • SCH ind #7237

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

Restorixhealth 401(k) Plan$42MSummit Funding, Inc. 401(k) PlanSummit Funding, Inc. 401(k) …$41MJacobsen Construction Company, Inc. 401(k) PlanJacobsen Construction Compan…$42MMasonite Savings Plan for Collectively Bargained EmployeesMasonite Savings Plan for Co…$41MBeachfleischman, PLLC 401(k) PlanBeachfleischman, PLLC 401(k)…$41M
End-of-year total assets ($M) among Summit Funding, Inc. 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2022.

Scale-class filing particulars (2022)

Total Assets (Beginning of Year)$52M
Net Assets (End of Year)$41M
Net Income-$11M
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): 0.041498506 · Participants: 1105Summit Funding, Inc. 401(k) PlanWells Fargo & Company 401(k) Plan, Total assets ($B): 45.765616608 · Participants: 205865Wells Fargo & Company 401(k) PlanGoogle LLC 401(k) Savings Plan, Total assets ($B): 28.89820221 · Participants: 102963Google LLC 401(k) Savings PlanOracle Corporation 401(k) Savings and Investment Plan, Total assets ($B): 21.851716605 · Participants: 46320Oracle Corporation 401(k) Savings and Investment PlanChevron Employee Savings Investment Plan, Total assets ($B): 18.60989746 · Participants: 19946Chevron Employee Savings Investment PlanIntel 401(k) Savings Plan, Total assets ($B): 18.361585903 · Participants: 54672Intel 401(k) Savings 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 Jacobsen Construction Company, Inc. 401(k) Plan in UT ($42M); by covered participants it is Weston Solutions, Inc. Retirement Savings and Employee Stock Ownership Plan in PA (1,105 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($41M here).

Similar participant headcount

Nearest other-state filings by covered participants (1,105 participants); asset peers above are excluded.

DOL Form 5500 plan year 2022. 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 2022? ▼
Summit Funding, Inc. 401(k) Plan declined sharply - down 20.8% during 2022, from $52M to $41M. Reported net income was -$11M.
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 86th percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (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 Jacobsen Construction Company, Inc. 401(k) Plan in UT ($42M, 522 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 Weston Solutions, Inc. Retirement Savings and Employee Stock Ownership Plan in PA (1,105 participants, $481M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2022.

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.