401(k) · DOL Form 5500 · 2023

Summit Handling Systems, Inc. 401(k) Plan

Data updated 2026-08-25

$11M
Total assets Small plan by assets
128
Participants Small participant base
61st
Percentile by assets National rank
$87,568
Avg per participant Below avg balance/head
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Official DOL plan name: Summit Handling Systems, Inc.401(k) Profit Sharing Plan · Sponsored by Summit Handling Systems, Inc. · Connecticut · Manufacturing

$11M in assets, 128 participants

Summit Handling Systems, Inc.'s Summit Handling Systems, Inc.401(k) Profit Sharing Plan reported $11M in total assets and 128 participants in its 2023 DOL Form 5500 filing, ranking in the 61st 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.

  • #8,958 in Manufacturing (18,722 peers)

Coverage in Connecticut

Summit Handling Systems, Inc.401(k) Profit Sharing Plan covers 128 participants in Connecticut, about 18% of the average Connecticut filer (state average ~718 per filing). Assets: $11M.

#8,958
in Manufacturing (18,722 peers)
+15.7%
assets growth YoY

Summit Handling Systems, Inc.401(k) Profit Sharing Plan's mid-pack asset rank among Manufacturing and all filers

Summit Handling Systems, Inc.401(k) Profit Sharing Plan vs every filed plan by assets

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

$11,208,714 Top 39% higher than 61% 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 Handling Systems, Inc.401(k) Profit Sharing 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 Handling Systems, Inc.401(k) Profit Sharing Plan sits mid-pack in the medium band (128 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Summit Handling Systems, Inc.401(k) Profit Sharing Plan reported net income rose from -$3M in the plan year 2022 filing to $2M in the plan year 2023 filing.
  • Summit Handling Systems, Inc.401(k) Profit Sharing Plan end-of-year assets rose from $10M in the plan year 2022 filing to $11M in the plan year 2023 filing.
  • Summit Handling Systems, Inc.401(k) Profit Sharing Plan reported participants rose from 116 in the plan year 2022 filing to 128 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Published 5500 schedule card

Filing strip 060789485 · Summit Handling Systems, Inc. PY 2023 · 401(k)

Summit Handling Systems, Inc.401(k) Profit Sharing Plan · $11M · 128 · 61st

  • PART $11M
  • TYPE 128
  • NET 61st
  • BOOK 401(k)
  • VS-ST near Health Care Management Group Retirement Plan
  • BOY ind #8958

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 Manufacturing retirement plans → · Plans in Connecticut →

Summit Handling Systems, Inc.401(k) Profit Sharing Plan in the asset neighbourhood

Summit Handling Systems, Inc.401(k) Profit Sharing PlanSummit Handling Systems, Inc…$11MHealth Care Management Group Retirement PlanHealth Care Management Group…$11MCampusworks Inc. 401(k) Profit Sharing PlanCampusworks Inc. 401(k) Prof…$11MNew Generation Wellness, Inc. 401(k) Profit Sharing PlanNew Generation Wellness, Inc…$11MLutco, Inc. 401(k) Plan$11M
End-of-year total assets ($M) among Summit Handling Systems, Inc.401(k) Profit Sharing Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Connecticut filing particulars

Total Assets (Beginning of Year)$10M
Net Assets (End of Year)$11M
Net Income$2M
Employer EIN060789485
Plan Effective Date1993-10-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Summit Handling Systems, Inc.)

Sponsor-wide plan assets over time

All Summit Handling Systems, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$12M 22.179474751203834% vs 2022
2024 filing year
$9M$10M$11M$12M$13M 202220232024 $9.69M $11.8M ▲ +22.1%
Year Plans Participants Total Assets
2022 1 116 $10M
2023 1 128 $11M
2024 1 127 $12M

Nearby 401(k) Plans in Connecticut

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

Summit Handling Systems, Inc.401(k) Profit Sharing Plan vs. nearby 401(k) plans in Connecticut, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 -200204060 Total assets ($B) Participants Summit Handling Systems, Inc.401(k) Profit Sharing Plan, Total assets ($B): 0.011208714 · Participants: 128Summit Handling Systems, Inc.401(k) Profit Sharing PlanRtx Savings Plan, Total assets ($B): 52.759784 · Participants: 123037Rtx Savings PlanCiti Retirement Savings Plan, Total assets ($B): 20.653030659 · Participants: 77865Citi Retirement Savings PlanThe Hartford Investment and Savings Plan, Total assets ($B): 6.478512 · Participants: 18377The Hartford Investment and Savings PlanXerox Corporation Savings Plan, Total assets ($B): 3.948866 · Participants: 10291Xerox Corporation Savings PlanEversource 401(k) Plan, Total assets ($B): 3.751712453 · Participants: 9504Eversource 401(k) Plan
Summit Handling Systems, Inc.401(k) Profit Sharing Plan vs. nearby 401(k) plans in Connecticut, assets vs. participants
Compare Summit Handling Systems, Inc.401(k) Profit Sharing Plan side-by-side with 3 peers →

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

Outside Connecticut, the nearest 401(k) by assets is Health Care Management Group Retirement Plan in OH ($11M); by covered participants it is Powervac of Michigan, LLC 401(k) Profit Sharing Plan & Trust in MI (128 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (128 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 Handling Systems, Inc.401(k) Profit Sharing Plan assets move in 2023? ▼
Summit Handling Systems, Inc.401(k) Profit Sharing Plan grew sharply - up 15.7% during 2023, from $10M to $11M. Reported net income was $2M.
How have Summit Handling Systems, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Summit Handling Systems, Inc.'s sponsor-wide assets grew 22.2%, from $10M to $12M.
Which 401(k) plans are similar in size to Summit Handling Systems, Inc.401(k) Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by assets is Health Care Management Group Retirement Plan in OH ($11M, 869 participants).
Which 401(k) plans cover a similar participant headcount to Summit Handling Systems, Inc.401(k) Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Powervac of Michigan, LLC 401(k) Profit Sharing Plan & Trust in MI (128 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 060789485.

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.