401(k) · DOL Form 5500 · 2023

Sfp Holding, Inc. 401(k) Plan

Data updated 2026-08-11

$129M
Total assets
3,993
Participants
93rd
Percentile by assets
$32,377
Avg per participant
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Official DOL plan name: Summit Companies 401(k) Profit Sharing Plan · Sponsored by Sfp Holding, Inc. · Minnesota · Construction

$129M in assets, 3,993 participants

Sfp Holding, Inc.'s Summit Companies 401(k) Profit Sharing Plan reported $129M in total assets and 3,993 participants in its 2023 DOL Form 5500 filing, ranking in the 93rd 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.

  • 93rd percentile by assets (of 127,072 plans)
  • #8,244 in Construction (9,030 peers)

Coverage in Minnesota

Summit Companies 401(k) Profit Sharing Plan covers 3,993 participants in Minnesota, 3.5x the typical Minnesota plan (state average ~1,126 per filing). Assets: $129M.

$129M
total plan assets (2023 EOY)
3,993
covered participants
93rd
percentile by assets (of 127,072 plans)
$32,377
avg assets per participant

Where Summit Companies 401(k) Profit Sharing Plan sits by total assets

Summit Companies 401(k) Profit Sharing Plan vs every filed plan by assets

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

$129,280,571 Top 7% higher than 93% of 127,068 filed plans

This plan $0 $2,010,000,000 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

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Summit Companies 401(k) Profit Sharing Plan reported net income rose from -$2M in the plan year 2022 filing to $35M in the plan year 2023 filing.
  • Summit Companies 401(k) Profit Sharing Plan end-of-year assets rose from $46M in the plan year 2022 filing to $129M in the plan year 2023 filing.
  • Summit Companies 401(k) Profit Sharing Plan reported participants rose from 2,091 in the plan year 2022 filing to 3,993 in the plan year 2023 filing.

See the national 2022→2023 release diff →

State
Minnesota
Industry
Construction

Participants vs Minnesota filers

In Minnesota, the average filing covers about 1,126 participants across 2,865 plans. Summit Companies 401(k) Profit Sharing Plan reports 3,993 participants - 3.5x that state average ($129M EOY assets).

Minnesota filing particulars

Total Assets (Beginning of Year)$46M
Net Assets (End of Year)$129M
Net Income$35M
Employer EIN205225425
Plan Effective Date1999-04-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Sfp Holding, Inc.)

$0M$50M$100M$150M$200M 202220232024 $46M $166M ▲ +260.3%
Total plan assets by year, all Sfp Holding, Inc. plans on file
Year Plans Participants Total Assets
2022 1 2,091 $46M
2023 1 3,993 $129M
2024 1 4,246 $166M

Nearby 401(k) Plans in Minnesota

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

Summit Companies 401(k) Profit Sharing Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000400000500000 -50510152025 Total assets ($B) Participants Summit Companies 401…, Total assets ($B): 0.129280571 · Participants: 3993Summit Companies 401…Unitedhealth Group 4…, Total assets ($B): 22.432100178 · Participants: 198972Unitedhealth Group 4…Target Corporation 4…, Total assets ($B): 13.008265857 · Participants: 432617Target Corporation 4…Medtronic Savings an…, Total assets ($B): 12.931979 · Participants: 44342Medtronic Savings an…3M Voluntary Investm…, Total assets ($B): 12.04661588 · Participants: 360493M Voluntary Investm…U.S. Bank 401(k) Sav…, Total assets ($B): 10.271161911 · Participants: 75272U.S. Bank 401(k) Sav…
Summit Companies 401(k) Profit Sharing Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants
Compare Summit Companies 401(k) Profit Sharing P… side-by-side with 3 peers →

Similar-Sized 401(k) Plans Nationally

401(k) plans in other states closest to Summit Companies 401(k) Profit Sharing Plan by total assets, not by location.

Frequently Asked Questions

How did Summit Companies 401(k) Profit Sharing Plan assets move in 2023? ▼
Summit Companies 401(k) Profit Sharing Plan surged - up 180.8% during 2023, from $46M to $129M. Reported net income was $35M.
How have Sfp Holding, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Sfp Holding, Inc.'s sponsor-wide assets grew 260.3%, from $46M to $166M.
Where does Summit Companies 401(k) Profit Sharing Plan rank by assets among Form 5500 filers? ▼
Summit Companies 401(k) Profit Sharing Plan ranks in the 93rd percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top 10% of all filed plans by assets).
Which 401(k) plans are similar in size to Summit Companies 401(k) Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by assets is Chan Zuckerberg Initiative, LLC Retirement Plan in CA ($129M, 594 participants).

Next read for Summit Companies 401(k) Profit Sharing P…

Filing takeaways

Ways to act on Summit Companies 401(k) Profit Sharing Plan's numbers.

  • By total assets, Summit Companies 401(k) Profit Sharing Plan ranks in the top 10% of all filed plans by assets. See the largest plans
  • Compare it side-by-side against 3 similar 401(k) plans in Minnesota. Compare plans
  • Sfp Holding, Inc.'s sponsor-wide assets have grown 260.3% since 2022 across 3 plan years on file. More Construction plans

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 205225425.

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.