401(k) · DOL Form 5500 · 2023

Summit Orthopedics, Ltd. 401(k) Plan

Data updated 2026-08-11

$133M
Total assets
1,074
Participants
93rd
Percentile by assets
$123,653
Avg per participant
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Official DOL plan name: Summit Orthopedics, Ltd. 401(k) Profit Sharing Plan · Sponsored by Summit Orthopedics, Ltd. · Minnesota · Healthcare & Social Assistance

$133M in assets, 1,074 participants

Summit Orthopedics, Ltd.'s Summit Orthopedics, Ltd. 401(k) Profit Sharing Plan reported $133M in total assets and 1,074 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)
  • #16,598 in Healthcare & Social Assistance (17,684 peers)

Where Summit Orthopedics, Ltd. 401(k) Profit Sharing Plan sits by assets

Summit Orthopedics, Ltd. 401(k) Profit Sharing Plan sits in the top 10% of all filed plans by assets, $133M for 1,074 participants (~$123,653/participant), up 22.2% in 2023.

$133M
total plan assets (2023 EOY)
1,074
covered participants
93rd
percentile by assets (of 127,072 plans)
$123,653
avg assets per participant

Where Summit Orthopedics, Ltd. 401(k) Profit Sharing Plan sits by total assets

Summit Orthopedics, Ltd. 401(k) Profit Sharing Plan vs every filed plan by assets

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

$132,803,781 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 Orthopedics, Ltd. 401(k) Profit Sharing Plan reported net income rose from -$9M in the plan year 2022 filing to $24M in the plan year 2023 filing.
  • Summit Orthopedics, Ltd. 401(k) Profit Sharing Plan end-of-year assets rose from $109M in the plan year 2022 filing to $133M in the plan year 2023 filing.
  • Summit Orthopedics, Ltd. 401(k) Profit Sharing Plan reported participants rose from 961 in the plan year 2022 filing to 1,074 in the plan year 2023 filing.

See the national 2022→2023 release diff →

State
Minnesota
Industry
Healthcare & Social Assistance

Summit Orthopedics, Ltd. 401(k) Profit Sharing Plan vs the 2023 asset distribution

By assets, Summit Orthopedics, Ltd. 401(k) Profit Sharing Plan outranks 93% of the 127,072 plans that filed a Form 5500 for the 2023 plan year, and holds roughly 1.3x the national average plan size of $100M (721 average participants).

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)$109M
Net Assets (End of Year)$133M
Net Income$24M
Employer EIN411762331
Plan Effective Date1995-07-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Summit Orthopedics, Ltd.)

$100M$120M$140M$160M 202220232024 $109M $153M ▲ +41.1%
Total plan assets by year, all Summit Orthopedics, Ltd. plans on file
Year Plans Participants Total Assets
2022 1 961 $109M
2023 1 1,074 $133M
2024 1 1,096 $153M

Nearby 401(k) Plans in Minnesota

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

Summit Orthopedics, Ltd. 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 ($B) Participants Summit Orthopedics, …, Total assets ($B): 0.132803781 · Participants: 1074Summit Orthopedics, …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 Orthopedics, Ltd. 401(k) Profit Sharing Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants
Compare Summit Orthopedics, Ltd. 401(k) Profit S… side-by-side with 3 peers →

Similar-Sized 401(k) Plans Nationally

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

Frequently Asked Questions

How did Summit Orthopedics, Ltd. 401(k) Profit Sharing Plan assets move in 2023? ▼
Summit Orthopedics, Ltd. 401(k) Profit Sharing Plan grew sharply - up 22.2% during 2023, from $109M to $133M. Reported net income was $24M.
How have Summit Orthopedics, Ltd. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Summit Orthopedics, Ltd.'s sponsor-wide assets grew 41.1%, from $109M to $153M.
Where does Summit Orthopedics, Ltd. 401(k) Profit Sharing Plan rank by assets among Form 5500 filers? ▼
Summit Orthopedics, Ltd. 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 Orthopedics, Ltd. 401(k) Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by assets is Baupost Group Savings Retirement Plan in MA ($133M, 261 participants).

Next read for Summit Orthopedics, Ltd. 401(k) Profit S…

Scale reading

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

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 411762331.

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.