401(k) · DOL Form 5500 · 2023

Summit Medical Group, PLLC 401(k) Plan

Data updated 2026-08-11

$293M
Total assets: 1,445
Participants: 96th
Percentile by assets: $203,095
Avg per participant

Official DOL plan name: Summit Medical Group, PLLC 401(k) Profit Sharing Plan · Sponsored by Summit Medical Group, PLLC · Tennessee · Healthcare & Social Assistance

$293M in assets, 1,445 participants

Summit Medical Group, PLLC's Summit Medical Group, PLLC 401(k) Profit Sharing Plan reported $293M in total assets and 1,445 participants in its 2023 DOL Form 5500 filing, ranking in the 96th 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.

96th percentile by assets (of 127,072 plans)
#17,059 in Healthcare & Social Assistance (17,684 peers)

Where Summit Medical Group, PLLC 401(k) Profit Sharing Plan sits by assets

Summit Medical Group, PLLC 401(k) Profit Sharing Plan sits in the top 5% of all filed plans by assets, $293M for 1,445 participants (~$203,095/participant), up 19.3% in 2023.

$293M
total plan assets (2023 EOY): 1,445
covered participants: 96th
percentile by assets (of 127,072 plans): $203,095
avg assets per participant

Summit Medical Group, PLLC 401(k) Profit Sharing Plan reported net income rose from -$60M in the plan year 2022 filing to $48M in the plan year 2023 filing.
Summit Medical Group, PLLC 401(k) Profit Sharing Plan end-of-year assets rose from $246M in the plan year 2022 filing to $293M in the plan year 2023 filing.
Summit Medical Group, PLLC 401(k) Profit Sharing Plan reported participants rose from 1,335 in the plan year 2022 filing to 1,445 in the plan year 2023 filing.

See the national 2022→2023 release diff →

State

Tennessee

Industry

Healthcare & Social Assistance

Summit Medical Group, PLLC 401(k) Profit Sharing Plan vs the 2023 asset distribution

By assets, Summit Medical Group, PLLC 401(k) Profit Sharing Plan outranks 96% of the 127,072 plans that filed a Form 5500 for the 2023 plan year, and holds roughly 2.9x the national average plan size of $100M (721 average participants).

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)	$246M
Net Assets (End of Year)	$293M
Net Income	$48M
Employer EIN	621585063
Plan Effective Date	1995-02-01
Filing Status	FILING RECEIVED

Sponsor Plan History (Summit Medical Group, PLLC)

Total plan assets by year, all Summit Medical Group, PLLC plans on file

Year	Plans	Participants	Total Assets
2022	1	1,335	$246M
2023	1	1,445	$293M
2024	1	1,601	$348M

Nearby 401(k) Plans in Tennessee

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

Summit Medical Group, PLLC 401(k) Profit Sharing Plan vs. nearby 401(k) plans in Tennessee, assets vs. participants

Fedex Corporation Retirement Savings Plan $23.9B · 127,010
Hca 401(k) Plan $21.5B · 291,649
Federal Express Corporation Pilots Retirement Savings Plan $4.7B · 5,728
International Paper Company Salaried Savings Plan $4.6B · 12,153
Chs/Community Health Systems, Inc. Retirement Savings Plan $4.5B · 62,487

Compare Summit Medical Group, PLLC 401(k) Profit… side-by-side with 3 peers →

Similar-Sized 401(k) Plans Nationally

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

Profit Sharing and 401(k) Plan for Employees of Carlton Fields (FL) $294M · 668
Swire Coca-Cola 401(k) Plan (UT) $293M · 6,511
Sensata Technologies Contribution and 401(k) Savings Plan (MA) $294M · 1,558
Bryant University 403(b) Retirement Plan (RI) $293M · 911

Frequently Asked Questions

How did Summit Medical Group, PLLC 401(k) Profit Sharing Plan assets move in 2023? ▼

Summit Medical Group, PLLC 401(k) Profit Sharing Plan grew sharply - up 19.3% during 2023, from $246M to $293M. Reported net income was $48M.

How have Summit Medical Group, PLLC plan assets changed over time? ▼

Across 3 plan years on file (2022-2024), Summit Medical Group, PLLC's sponsor-wide assets grew 41.5%, from $246M to $348M.

Where does Summit Medical Group, PLLC 401(k) Profit Sharing Plan rank by assets among Form 5500 filers? ▼

Summit Medical Group, PLLC 401(k) Profit Sharing Plan ranks in the 96th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top 5% of all filed plans by assets).

Which 401(k) plans are similar in size to Summit Medical Group, PLLC 401(k) Profit Sharing Plan? ▼

Among 401(k) plans in other states, the closest by assets is Profit Sharing and 401(k) Plan for Employees of Carlton Fields in FL ($294M, 668 participants).

Next read for Summit Medical Group, PLLC 401(k) Profit…

Scale reading

Ways to act on Summit Medical Group, PLLC 401(k) Profit Sharing Plan's numbers.

By total assets, Summit Medical Group, PLLC 401(k) Profit Sharing Plan ranks in the top 5% of all filed plans by assets. See the largest plans
Compare it side-by-side against 3 similar 401(k) plans in Tennessee. Compare plans
Summit Medical Group, PLLC's sponsor-wide assets have grown 41.5% since 2022 across 3 plan years on file. More Healthcare & Social Assistance 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 621585063.