401(k) · DOL Form 5500 · 2023

Summit Polymers, Inc. 401(k) Plan

Data updated 2026-08-25

$103M
Total assets Near avg plan size
1,286
Participants Near avg headcount
91st
Percentile by assets National rank
$79,952
Avg per participant Below avg balance/head
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Official DOL plan name: Summit Polymers, Inc. Employees' Profit Sharing Plan · Sponsored by Summit Polymers, Inc. · Michigan · Manufacturing

$103M in assets, 1,286 participants

Summit Polymers, Inc.'s Summit Polymers, Inc. Employees' Profit Sharing Plan reported $103M in total assets and 1,286 participants in its 2023 DOL Form 5500 filing, ranking in the 91st 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.

  • #16,312 in Manufacturing (18,722 peers)

Coverage in Michigan

Summit Polymers, Inc. Employees' Profit Sharing Plan covers 1,286 participants in Michigan, 2.0x the typical Michigan plan (state average ~638 per filing). Assets: $103M.

#16,312
in Manufacturing (18,722 peers)
+17.1%
assets growth YoY
1.0×
vs typical plan assets (national mean)

Summit Polymers, Inc. Employees' Profit Sharing Plan's outsized position by total assets

Summit Polymers, Inc. Employees' Profit Sharing Plan vs every filed plan by assets

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

$102,818,854 Top 9% higher than 91% 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 Polymers, Inc. Employees' 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 Polymers, Inc. Employees' Profit Sharing Plan lands in the large band (1,286 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Summit Polymers, Inc. Employees' Profit Sharing Plan reported net income rose from -$22M in the plan year 2022 filing to $15M in the plan year 2023 filing.
  • Summit Polymers, Inc. Employees' Profit Sharing Plan end-of-year assets rose from $88M in the plan year 2022 filing to $103M in the plan year 2023 filing.
  • Summit Polymers, Inc. Employees' Profit Sharing Plan reported participants rose from 1,219 in the plan year 2022 filing to 1,286 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Plan-year Form 5500 strip

Filing strip 381990845 · Summit Polymers, Inc. PY 2023 · 401(k)

Summit Polymers, Inc. Employees' Profit Sharing Plan · $103M · 1,286 · 91st

  • EIN $103M
  • EIN 1,286
  • EIN 91st
  • EIN 401(k)
  • EIN near Ingersoll Cutting Tool 401(k) Plan
  • EIN ind #16312

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 Michigan →

Summit Polymers, Inc. Employees' Profit Sharing Plan in the asset neighbourhood

Readerlink Distribution Services, LLC Retirement Savings PlanReaderlink Distribution Serv…$103MLakeside Foods, Inc. Retirement PlanLakeside Foods, Inc. Retirem…$103MSummit Polymers, Inc. Employees' Profit Sharing PlanSummit Polymers, Inc. Employ…$103MIngersoll Cutting Tool 401(k) PlanIngersoll Cutting Tool 401(k…$103MNuehealth 401(k) Retirement PlanNuehealth 401(k) Retirement …$103M
End-of-year total assets ($M) among Summit Polymers, Inc. Employees' Profit Sharing Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Michigan filing particulars

Total Assets (Beginning of Year)$88M
Net Assets (End of Year)$103M
Net Income$15M
Employer EIN381990845
Plan Effective Date1978-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Summit Polymers, Inc.)

Sponsor-wide plan assets over time

All Summit Polymers, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$117M 32.905097814295935% vs 2022
2024 filing year
$80M$90M$100M$110M$120M 202220232024 $87.8M $117M ▲ +32.9%
Year Plans Participants Total Assets
2022 1 1,219 $88M
2023 1 1,286 $103M
2024 1 1,377 $117M

Nearby 401(k) Plans in Michigan

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

Summit Polymers, Inc. Employees' Profit Sharing Plan vs. nearby 401(k) plans in Michigan, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000 -50510152025 Total assets ($B) Participants Summit Polymers, Inc. Employees' Profit Sharing Plan, Total assets ($B): 0.102818854 · Participants: 1286Summit Polymers, Inc. Employees' Profit Sharing PlanGeneral Motors Retirement Savings Plan for Salaried Employees in the United States, Total assets ($B): 20.378449285 · Participants: 47299General Motors Retirement Savings Plan for Salaried Employees in the United StatesFord Motor Co. Savings and Stock Investment Plan for Salaried Employees, Total assets ($B): 15.588575271 · Participants: 30516Ford Motor Co. Savings and Stock Investment Plan for Salaried EmployeesThe Dow Chemical Company Employees' Savings Plan, Total assets ($B): 10.084842211 · Participants: 18088The Dow Chemical Company Employees' Savings PlanThe General Motors Personal Savings Plan for Hourly-Rate Employees in the United States, Total assets ($B): 8.580684909 · Participants: 40393The General Motors Personal Savings Plan for Hourly-Rate Employees in the United StatesFord Motor Co. Tax-Efficient Savings Plan for Hourly Employees, Total assets ($B): 7.617084451 · Participants: 59195Ford Motor Co. Tax-Efficient Savings Plan for Hourly Employees
Summit Polymers, Inc. Employees' Profit Sharing Plan vs. nearby 401(k) plans in Michigan, assets vs. participants
Compare Summit Polymers, Inc. Employees' Profit Sharing Plan side-by-side with 3 peers →

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

Outside Michigan, the nearest 401(k) by assets is Ingersoll Cutting Tool 401(k) Plan in IL ($103M); by covered participants it is Summit Automotive Partners Retirement Savings Plan in CO (1,286 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($103M here).

Similar participant headcount

Nearest other-state filings by covered participants (1,286 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 Polymers, Inc. Employees' Profit Sharing Plan assets move in 2023? ▼
Summit Polymers, Inc. Employees' Profit Sharing Plan grew sharply - up 17.1% during 2023, from $88M to $103M. Reported net income was $15M.
How have Summit Polymers, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Summit Polymers, Inc.'s sponsor-wide assets grew 32.9%, from $88M to $117M.
Where does Summit Polymers, Inc. Employees' Profit Sharing Plan rank by assets among Form 5500 filers? ▼
Summit Polymers, Inc. Employees' Profit Sharing Plan ranks in the 91st 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 Polymers, Inc. Employees' Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by assets is Ingersoll Cutting Tool 401(k) Plan in IL ($103M, 391 participants).
Which 401(k) plans cover a similar participant headcount to Summit Polymers, Inc. Employees' Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Summit Automotive Partners Retirement Savings Plan in CO (1,286 participants, $34M 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 381990845.

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.