401(k) · DOL Form 5500 · 2023

Summit Group, LLC 401(k) Plan

Data updated 2026-08-25

$17M
Total assets Small plan by assets
124
Participants Small participant base
69th
Percentile by assets National rank
$134,228
Avg per participant Near avg balance/head
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Official DOL plan name: Summit Group, LLC 401(k) Plan · Sponsored by Summit Group, LLC · Maryland · Professional & Technical Services

$17M in assets, 124 participants

Summit Group, LLC's Summit Group, LLC 401(k) Plan reported $17M in total assets and 124 participants in its 2023 DOL Form 5500 filing, ranking in the 69th 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.

  • #13,936 in Professional & Technical Services (20,321 peers)

Coverage in Maryland

Summit Group, LLC 401(k) Plan covers 124 participants in Maryland, about 13% of the average Maryland filer (state average ~929 per filing). Assets: $17M.

#13,936
in Professional & Technical Services (20,321 peers)
+8.6%
assets growth YoY

Summit Group, LLC 401(k) Plan's outsized position by total assets

Summit Group, LLC 401(k) Plan vs every filed plan by assets

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

$16,644,330 Top 31% higher than 69% 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 Group, LLC 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 Group, LLC 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 Group, LLC 401(k) Plan reported net income rose from -$4M in the plan year 2022 filing to $1M in the plan year 2023 filing.
  • Summit Group, LLC 401(k) Plan reported participants rose from 103 in the plan year 2022 filing to 124 in the plan year 2023 filing.
  • Summit Group, LLC 401(k) Plan end-of-year assets rose from $15M in the plan year 2022 filing to $17M in the plan year 2023 filing.

See the national 2022→2023 release diff →

Published 5500 schedule card

Filing strip 800589384 · Summit Group, LLC PY 2023 · 401(k)

Summit Group, LLC 401(k) Plan · $17M · 124 · 69th

  • NET $17M
  • NET 124
  • NET 69th
  • NET 401(k)
  • NET near Galati Yacht Sales, LLC 401(k) Plan
  • NET ind #13936

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 Maryland →

Summit Group, LLC 401(k) Plan in the asset neighbourhood

Data and Contact Management Solutions, LLC 401(k) Retirement PlanData and Contact Management …$17MSummit Group, LLC 401(k) Plan$17MGalati Yacht Sales, LLC 401(k) PlanGalati Yacht Sales, LLC 401(…$17MCivil Air Patrol Employees Savings TrustCivil Air Patrol Employees S…$17MEpoch Senior Living 401(k) PlanEpoch Senior Living 401(k) P…$17M
End-of-year total assets ($M) among Summit Group, LLC 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Maryland filing particulars

Total Assets (Beginning of Year)$15M
Net Assets (End of Year)$17M
Net Income$1M
Employer EIN800589384
Plan Effective Date2011-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Summit Group, LLC)

Sponsor-wide plan assets over time

All Summit Group, LLC plans reported in each filing year

Latest sponsor-wide plan assets
$19M 23.609519400814456% vs 2022
2024 filing year
$14M$16M$18M$20M 202220232024 $15.3M $19M ▲ +23.6%
Year Plans Participants Total Assets
2022 1 103 $15M
2023 1 124 $17M
2024 1 117 $19M

Nearby 401(k) Plans in Maryland

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

Summit Group, LLC 401(k) Plan vs. nearby 401(k) plans in Maryland, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 -200204060 Total assets ($B) Participants Summit Group, LLC 401(k) Plan, Total assets ($B): 0.01664433 · Participants: 124Summit Group, LLC 401(k) PlanLockheed Martin Corporation Salaried Savings Plan, Total assets ($B): 47.273019756 · Participants: 91511Lockheed Martin Corporation Salaried Savings PlanMarriott Retirement Savings Plan, Total assets ($B): 10.20606962 · Participants: 96415Marriott Retirement Savings PlanT. Rowe Price U.S. Retirement Program, Total assets ($B): 4.357344903 · Participants: 6292T. Rowe Price U.S. Retirement ProgramNfl Player Second Career Savings Plan, Total assets ($B): 3.951576315 · Participants: 2767Nfl Player Second Career Savings PlanSodexo 401 (K) Employees' Retirement Savings Plan and Trust, Total assets ($B): 2.217483854 · Participants: 80121Sodexo 401 (K) Employees' Retirement Savings Plan and Trust
Summit Group, LLC 401(k) Plan vs. nearby 401(k) plans in Maryland, assets vs. participants
Compare Summit Group, LLC 401(k) Plan side-by-side with 3 peers →

Summit Group, LLC 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside Maryland, the nearest 401(k) by assets is Galati Yacht Sales, LLC 401(k) Plan in FL ($17M); 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 Group, LLC 401(k) Plan assets move in 2023? ▼
Summit Group, LLC 401(k) Plan grew at a solid clip - up 8.6% during 2023, from $15M to $17M. Reported net income was $1M.
How have Summit Group, LLC plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Summit Group, LLC's sponsor-wide assets grew 23.6%, from $15M to $19M.
Which 401(k) plans are similar in size to Summit Group, LLC 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Galati Yacht Sales, LLC 401(k) Plan in FL ($17M, 142 participants).
Which 401(k) plans cover a similar participant headcount to Summit Group, LLC 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 800589384.

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.