401(k) · DOL Form 5500 · 2023

Summit 7 Systems, LLC 401(k) Plan

Data updated 2026-08-25

$5M
Total assets Small plan by assets
124
Participants Small participant base
46th
Percentile by assets National rank
$43,019
Avg per participant Low balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: Summit 7 Systems 401(k) Plan · Sponsored by Summit 7 Systems, LLC · Alabama · Professional & Technical Services

$5M in assets, 124 participants

Summit 7 Systems, LLC's Summit 7 Systems 401(k) Plan reported $5M in total assets and 124 participants in its 2023 DOL Form 5500 filing, ranking in the 46th 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.

  • #8,846 in Professional & Technical Services (20,321 peers)

Coverage in Alabama

Summit 7 Systems 401(k) Plan covers 124 participants in Alabama, about 34% of the average Alabama filer (state average ~360 per filing). Assets: $5M.

#8,846
in Professional & Technical Services (20,321 peers)
+48.3%
assets growth YoY

Summit 7 Systems 401(k) Plan's mid-pack asset rank among Professional & Technical Services and all filers

Summit 7 Systems 401(k) Plan vs every filed plan by assets

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

$5,334,357 46th percentile higher than 46% 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 7 Systems 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 7 Systems 401(k) Plan sits mid-pack in the medium band (124 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Summit 7 Systems 401(k) Plan reported net income rose from $199K in the plan year 2022 filing to $2M in the plan year 2023 filing.
  • Summit 7 Systems 401(k) Plan end-of-year assets rose from $4M in the plan year 2022 filing to $5M in the plan year 2023 filing.
  • Summit 7 Systems 401(k) Plan reported participants rose from 114 in the plan year 2022 filing to 124 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Plan-year Form 5500 strip

Filing strip 271467561 · Summit 7 Systems, LLC PY 2023 · 401(k)

Summit 7 Systems 401(k) Plan · $5M · 124 · 46th

  • TYPE $5M
  • NET 124
  • BOOK 46th
  • VS-ST 401(k)
  • BOY near New York Foundation for Senior Citizens 401(k) Plan
  • SCH ind #8846

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 Professional & Technical Services retirement plans → · Plans in Alabama →

Summit 7 Systems 401(k) Plan in the asset neighbourhood

Summit 7 Systems 401(k) Plan$5MNew York Foundation for Senior Citizens 401(k) PlanNew York Foundation for Seni…$5MKeith and Associates, Inc. 401(k) PlanKeith and Associates, Inc. 4…$5MNebo Agency, LLC 401(k) Plan$5MHeidelberg Distributing - Local 1199 401(k) Savings PlanHeidelberg Distributing - Lo…$5M
End-of-year total assets ($M) among Summit 7 Systems 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Alabama filing particulars

Total Assets (Beginning of Year)$4M
Net Assets (End of Year)$5M
Net Income$2M
Employer EIN271467561
Plan Effective Date2010-03-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Summit 7 Systems, LLC)

Sponsor-wide plan assets over time

All Summit 7 Systems, LLC plans reported in each filing year

Latest sponsor-wide plan assets
$8M 134.95812590856912% vs 2022
2024 filing year
$2M$4M$6M$8M$10M 202220232024 $3.6M $8.45M ▲ +134.7%
Year Plans Participants Total Assets
2022 1 114 $4M
2023 1 124 $5M
2024 1 183 $8M

Nearby 401(k) Plans in Alabama

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

Summit 7 Systems 401(k) Plan vs. nearby 401(k) plans in Alabama, assets vs. participants Scatter plot of 6 data points. -100000100002000030000 -10123 Total assets ($B) Participants Summit 7 Systems 401(k) Plan, Total assets ($B): 0.005334357 · Participants: 124Summit 7 Systems 401(k) PlanRegions Financial Corporation 401(k) Plan, Total assets ($B): 2.854553916 · Participants: 20733Regions Financial Corporation 401(k) PlanEncompass Health Corporation 401(k) Retirement Plan, Total assets ($B): 1.49327201 · Participants: 24565Encompass Health Corporation 401(k) Retirement PlanHexagon Employee Retirement Savings Plan, Total assets ($B): 1.479278219 · Participants: 4618Hexagon Employee Retirement Savings PlanVulcan 401(k) Plan, Total assets ($B): 1.361024189 · Participants: 9487Vulcan 401(k) PlanMercedes-Benz U.S. International, Inc. Retirement and Savings Plan, Total assets ($B): 1.090263356 · Participants: 0Mercedes-Benz U.S. International, Inc. Retirement and Savings Plan
Summit 7 Systems 401(k) Plan vs. nearby 401(k) plans in Alabama, assets vs. participants
Compare Summit 7 Systems 401(k) Plan side-by-side with 3 peers →

Summit 7 Systems 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside Alabama, the nearest 401(k) by assets is New York Foundation for Senior Citizens 401(k) Plan in NY ($5M); by covered participants it is F.L. Chamberlain School Retirement Plan in MA (124 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (124 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 7 Systems 401(k) Plan assets move in 2023? ▼
Summit 7 Systems 401(k) Plan surged - up 48.3% during 2023, from $4M to $5M. Reported net income was $2M.
How have Summit 7 Systems, LLC plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Summit 7 Systems, LLC's sponsor-wide assets grew 135.0%, from $4M to $8M.
Which 401(k) plans are similar in size to Summit 7 Systems 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is New York Foundation for Senior Citizens 401(k) Plan in NY ($5M, 139 participants).
Which 401(k) plans cover a similar participant headcount to Summit 7 Systems 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is F.L. Chamberlain School Retirement Plan in MA (124 participants, $1M 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 271467561.

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.