401(k) · DOL Form 5500 · 2023

Summit Financial, LLC 401(k) Plan

Data updated 2026-08-25

$19M
Total assets Small plan by assets
192
Participants Below avg headcount
71st
Percentile by assets National rank
$97,006
Avg per participant Below avg balance/head
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Official DOL plan name: Summit Advisor Services LLC Employee 401(k) Plan · Sponsored by Summit Financial, LLC · New Jersey · Finance & Insurance

$19M in assets, 192 participants

Summit Financial, LLC's Summit Advisor Services LLC Employee 401(k) Plan reported $19M in total assets and 192 participants in its 2023 DOL Form 5500 filing, ranking in the 71st 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.

  • #5,102 in Finance & Insurance (8,869 peers)

Coverage in New Jersey

Summit Advisor Services LLC Employee 401(k) Plan covers 192 participants in New Jersey, about 23% of the average New Jersey filer (state average ~844 per filing). Assets: $19M.

#5,102
in Finance & Insurance (8,869 peers)
+26.2%
assets growth YoY

Summit Advisor Services LLC Employee 401(k) Plan's outsized position by total assets

Summit Advisor Services LLC Employee 401(k) Plan vs every filed plan by assets

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

$18,625,094 Top 29% higher than 71% 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 Advisor Services LLC Employee 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 Advisor Services LLC Employee 401(k) Plan sits mid-pack in the medium band (192 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Summit Advisor Services LLC Employee 401(k) Plan reported net income rose from -$881K in the plan year 2022 filing to $4M in the plan year 2023 filing.
  • Summit Advisor Services LLC Employee 401(k) Plan end-of-year assets rose from $15M in the plan year 2022 filing to $19M in the plan year 2023 filing.
  • Summit Advisor Services LLC Employee 401(k) Plan reported participants rose from 177 in the plan year 2022 filing to 192 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Plan-year Form 5500 strip

Filing strip 371895248 · Summit Financial, LLC PY 2023 · 401(k)

Summit Advisor Services LLC Employee 401(k) Plan · $19M · 192 · 71st

  • BOOK $19M
  • VS-ST 192
  • BOY 71st
  • SCH 401(k)
  • EBSA near Kaukauna Clinic, S.C. 401(k) and Retirement Savings Plan
  • PART ind #5102

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 New Jersey →

Summit Advisor Services LLC Employee 401(k) Plan in the asset neighbourhood

Summit Advisor Services LLC Employee 401(k) PlanSummit Advisor Services LLC …$19MKaukauna Clinic, S.C. 401(k) and Retirement Savings PlanKaukauna Clinic, S.C. 401(k)…$19MSchechter Dokken Kanter Andrews & Selcer Ltd. 401(k) Profit Sharing PlanSchechter Dokken Kanter Andr…$19MCambridge Computer Services, Inc. 401(k) PlanCambridge Computer Services,…$19MMg Engineering Dpc 401(k) Profit Sharing Plan and TrustMg Engineering Dpc 401(k) Pr…$19M
End-of-year total assets ($M) among Summit Advisor Services LLC Employee 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

New Jersey filing particulars

Total Assets (Beginning of Year)$15M
Net Assets (End of Year)$19M
Net Income$4M
Employer EIN371895248
Plan Effective Date1989-06-10
Filing StatusFILING RECEIVED

Sponsor Plan History (Summit Financial, LLC)

Sponsor-wide plan assets over time

All Summit Financial, LLC plans reported in each filing year

Latest sponsor-wide plan assets
$23M 55.592804999915316% vs 2022
2024 filing year
$10M$15M$20M$25M 202220232024 $14.8M $23M ▲ +55.6%
Year Plans Participants Total Assets
2022 1 177 $15M
2023 1 192 $19M
2024 1 190 $23M

Nearby 401(k) Plans in New Jersey

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

Summit Advisor Services LLC Employee 401(k) Plan vs. nearby 401(k) plans in New Jersey, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000200000 -1001020304050 Total assets ($B) Participants Summit Advisor Services LLC Employee 401(k) Plan, Total assets ($B): 0.018625094 · Participants: 192Summit Advisor Services LLC Employee 401(k) PlanJPMorgan Chase 401(k) Savings Plan, Total assets ($B): 44.552237022 · Participants: 176610JPMorgan Chase 401(k) Savings PlanVerizon Savings Plan for Management Employees, Total assets ($B): 27.825640157 · Participants: 78072Verizon Savings Plan for Management EmployeesJohnson and Johnson Savings Plan, Total assets ($B): 22.177853595 · Participants: 41291Johnson and Johnson Savings PlanErnst & Young Retirement Savings Plan, Total assets ($B): 15.543526764 · Participants: 59346Ernst & Young Retirement Savings PlanMerck US Savings Plan, Total assets ($B): 13.424416176 · Participants: 26850Merck US Savings Plan
Summit Advisor Services LLC Employee 401(k) Plan vs. nearby 401(k) plans in New Jersey, assets vs. participants
Compare Summit Advisor Services LLC Employee 401(k) Plan side-by-side with 3 peers →

Summit Advisor Services LLC Employee 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside New Jersey, the nearest 401(k) by assets is Kaukauna Clinic, S.C. 401(k) and Retirement Savings Plan in WI ($19M); by covered participants it is T Enterprises 401(k) Plan in MS (192 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (192 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 Advisor Services LLC Employee 401(k) Plan assets move in 2023? ▼
Summit Advisor Services LLC Employee 401(k) Plan grew sharply - up 26.2% during 2023, from $15M to $19M. Reported net income was $4M.
How have Summit Financial, LLC plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Summit Financial, LLC's sponsor-wide assets grew 55.6%, from $15M to $23M.
Which 401(k) plans are similar in size to Summit Advisor Services LLC Employee 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Kaukauna Clinic, S.C. 401(k) and Retirement Savings Plan in WI ($19M, 36 participants).
Which 401(k) plans cover a similar participant headcount to Summit Advisor Services LLC Employee 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is T Enterprises 401(k) Plan in MS (192 participants, N/A 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 371895248.

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.