401(k) · DOL Form 5500 · 2022
Summit Funding, Inc. 401(k) Plan
Data updated 2026-08-11
- $41M
- Total assets
- 1,105
- Participants
- 86th
- Percentile by assets
- $37,555
- Avg per participant
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.
- 86th percentile by assets (of 139,126 plans)
- #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.
- $41M
- total plan assets (2022 EOY)
- 1,105
- covered participants
- 86th
- percentile by assets (of 139,126 plans)
- $37,555
- avg assets per participant
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.
Where Summit Funding, Inc. 401(k) Plan sits 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
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 vs the 2022 asset distribution
By assets, Summit Funding, Inc. 401(k) Plan outranks 86% of the 139,126 plans that filed a Form 5500 for the 2022 plan year, and holds roughly 0.4x the national average plan size of $100M (721 average participants).
Scale-class filing particulars (2022)
| Total Assets (Beginning of Year) | $52M |
|---|---|
| Net Assets (End of Year) | $41M |
| Net Income | -$11M |
| Employer EIN | 911780488 |
| Plan Effective Date | 1999-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Summit Funding, Inc.)
| 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.
- Wells Fargo & Company 401(k) Plan $45.8B · 205,865
- Google LLC 401(k) Savings Plan $28.9B · 102,963
- Oracle Corporation 401(k) Savings and Investment Plan $21.9B · 46,320
- Chevron Employee Savings Investment Plan $18.6B · 19,946
- Intel 401(k) Savings Plan $18.4B · 54,672
Similar-Sized 401(k) Plans Nationally
401(k) plans in other states closest to Summit Funding, Inc. 401(k) Plan by total assets, not by location.
- Jacobsen Construction Company, Inc. 401(k) Plan (UT) $42M · 522
- Masonite Savings Plan for Collectively Bargained Employees (FL) $41M · 909
- Beachfleischman, PLLC 401(k) Plan (AZ) $41M · 179
- Restorixhealth 401(k) Plan (LA) $42M · 1,395
Frequently Asked Questions
How did Summit Funding, Inc. 401(k) Plan assets move in 2022? ▼
How have Summit Funding, Inc. plan assets changed over time? ▼
Where does Summit Funding, Inc. 401(k) Plan rank by assets among Form 5500 filers? ▼
Which 401(k) plans are similar in size to Summit Funding, Inc. 401(k) Plan? ▼
Next read for Summit Funding, Inc. 401(k) Plan
Scale reading
Ways to act on Summit Funding, Inc. 401(k) Plan's numbers.
- By total assets, Summit Funding, Inc. 401(k) Plan ranks in the top quartile of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar 401(k) plans in California. Compare plans
- Summit Funding, Inc.'s sponsor-wide assets have grown 10.2% since 2022 across 3 plan years on file. More Finance & Insurance plans