401(k) · DOL Form 5500 · 2023

Summit Medical Group, PLLC 401(k) Plan

Data updated 2026-08-25

$293M
Total assets Near avg plan size
1,445
Participants Near avg headcount
96th
Percentile by assets National rank
$203,095
Avg per participant Above avg balance/head
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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.

  • #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.

#17,059
in Healthcare & Social Assistance (17,684 peers)
+19.3%
assets growth YoY
2.9×
vs typical plan assets (national mean)

Summit Medical Group, PLLC 401(k) Profit Sharing Plan's outsized position by total assets

Summit Medical Group, PLLC 401(k) Profit Sharing Plan vs every filed plan by assets

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

$293,472,605 Top 4% higher than 96% 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 Medical Group, PLLC 401(k) Profit Sharing Plan's large-plan peer group by participant headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Summit Medical Group, PLLC 401(k) Profit Sharing Plan lands in the large band (1,445 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • 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 →

Plan-year Form 5500 strip

Filing strip 621585063 · Summit Medical Group, PLLC PY 2023 · 401(k)

Summit Medical Group, PLLC 401(k) Profit Sharing Plan · $293M · 1,445 · 96th

  • NET $293M
  • BOOK 1,445
  • VS-ST 96th
  • BOY 401(k)
  • SCH near Profit Sharing and 401(k) Plan for Employees of Carlton Fields
  • EBSA ind #17059

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 Healthcare & Social Assistance retirement plans → · Plans in Tennessee →

Summit Medical Group, PLLC 401(k) Profit Sharing Plan in the asset neighbourhood

Sensata Technologies Contribution and 401(k) Savings PlanSensata Technologies Contrib…$294MProfit Sharing and 401(k) Plan for Employees of Carlton FieldsProfit Sharing and 401(k) Pl…$294MSummit Medical Group, PLLC 401(k) Profit Sharing PlanSummit Medical Group, PLLC 4…$293MSwire Coca-Cola 401(k) Plan$293MBryant University 403(b) Retirement PlanBryant University 403(b) Ret…$293M
End-of-year total assets ($M) among Summit Medical Group, PLLC 401(k) Profit Sharing Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)$246M
Net Assets (End of Year)$293M
Net Income$48M
Employer EIN621585063
Plan Effective Date1995-02-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Summit Medical Group, PLLC)

Sponsor-wide plan assets over time

All Summit Medical Group, PLLC plans reported in each filing year

Latest sponsor-wide plan assets
$348M 41.51376574325866% vs 2022
2024 filing year
$200M$250M$300M$350M$400M 202220232024 $246M $348M ▲ +41.5%
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 Scatter plot of 6 data points. -1000000100000200000300000400000 -100102030 Total assets ($B) Participants Summit Medical Group, PLLC 401(k) Profit Sharing Plan, Total assets ($B): 0.293472605 · Participants: 1445Summit Medical Group, PLLC 401(k) Profit Sharing PlanFedex Corporation Retirement Savings Plan, Total assets ($B): 23.88081991 · Participants: 127010Fedex Corporation Retirement Savings PlanHca 401(k) Plan, Total assets ($B): 21.53517366 · Participants: 291649Hca 401(k) PlanFederal Express Corporation Pilots Retirement Savings Plan, Total assets ($B): 4.743557391 · Participants: 5728Federal Express Corporation Pilots Retirement Savings PlanInternational Paper Company Salaried Savings Plan, Total assets ($B): 4.621886139 · Participants: 12153International Paper Company Salaried Savings PlanChs/Community Health Systems, Inc. Retirement Savings Plan, Total assets ($B): 4.517708174 · Participants: 62487Chs/Community Health Systems, Inc. Retirement Savings Plan
Summit Medical Group, PLLC 401(k) Profit Sharing Plan vs. nearby 401(k) plans in Tennessee, assets vs. participants
Compare Summit Medical Group, PLLC 401(k) Profit Sharing Plan side-by-side with 3 peers →

Summit Medical Group, PLLC 401(k) Profit Sharing Plan's out-of-state 401(k) peers by assets and headcount

Outside Tennessee, the nearest 401(k) by assets is Profit Sharing and 401(k) Plan for Employees of Carlton Fields in FL ($294M); by covered participants it is First Commonwealth Financial Corporation 401(k) Retirement Savings and Investment Plan in PA (1,445 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (1,445 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 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).
Which 401(k) plans cover a similar participant headcount to Summit Medical Group, PLLC 401(k) Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is First Commonwealth Financial Corporation 401(k) Retirement Savings and Investment Plan in PA (1,445 participants, $154M 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 621585063.

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.