ESOP · DOL Form 5500 · 2023

Summit Helicopters, Inc. ESOP

Data updated 2026-08-25

$12M
Total assets Small plan by assets
53
Participants Small participant base
63rd
Percentile by assets National rank
$227,415
Avg per participant Above avg balance/head
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Official DOL plan name: Summit Helicopters, Inc. Employee Stock Ownership Plan and Trust · Sponsored by Summit Helicopters, Inc. · Virginia · Agriculture, Forestry & Fishing

$12M in assets, 53 participants

Summit Helicopters, Inc.'s Summit Helicopters, Inc. Employee Stock Ownership Plan and Trust reported $12M in total assets and 53 participants in its 2023 DOL Form 5500 filing, ranking in the 63rd 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.

  • #874 in Agriculture, Forestry & Fishing (1,288 peers)

Summit Helicopters, Inc. multi-year trail

Summit Helicopters, Inc.'s plans moved -10.1% in assets from 2022 to 2024; this filing shows Summit Helicopters, Inc. Employee Stock Ownership Plan and Trust at $12M / 53 participants.

#874
in Agriculture, Forestry & Fishing (1,288 peers)
-2.5%
assets change YoY

The plan reported a net loss of $202K for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Summit Helicopters, Inc. Employee Stock Ownership Plan and Trust's mid-pack asset rank among Agriculture, Forestry & Fishing and all filers

Summit Helicopters, Inc. Employee Stock Ownership Plan and Trust vs every filed plan by assets

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

$12,052,975 Top 37% higher than 63% 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 Helicopters, Inc. Employee Stock Ownership Plan and Trust among smaller filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Summit Helicopters, Inc. Employee Stock Ownership Plan and Trust is a small filing (53 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Summit Helicopters, Inc. Employee Stock Ownership Plan and Trust reported net income fell from -$29K in the plan year 2022 filing to -$202K in the plan year 2023 filing.
  • Summit Helicopters, Inc. Employee Stock Ownership Plan and Trust reported participants fell from 56 in the plan year 2022 filing to 53 in the plan year 2023 filing.
  • Summit Helicopters, Inc. Employee Stock Ownership Plan and Trust end-of-year assets fell from $12M in the plan year 2022 filing to $12M in the plan year 2023 filing.

See the national 2022→2023 release diff →

Plan-year Form 5500 strip

Filing strip 541156923 · Summit Helicopters, Inc. PY 2023 · ESOP

Summit Helicopters, Inc. Employee Stock Ownership Plan and Trust · $12M · 53 · 63rd

  • EIN $12M
  • RANK 53
  • PHOTO 63rd
  • IND ESOP
  • EOY near Lincoln County Bancorp, Inc. Employee Stock Ownership Plan
  • 5500 ind #874

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 What is an ESOP? → · Plans in Virginia →

Summit Helicopters, Inc. Employee Stock Ownership Plan and Trust in the asset neighbourhood

Central Bag Company Employee Stock Ownership Plan and TrustCentral Bag Company Employee…$12MSummit Helicopters, Inc. Employee Stock Ownership Plan and TrustSummit Helicopters, Inc. Emp…$12MLincoln County Bancorp, Inc. Employee Stock Ownership PlanLincoln County Bancorp, Inc.…$12MDavis Enterprises, Inc. Employee Stock Ownership Plan and TrustDavis Enterprises, Inc. Empl…$12MUnison Solutions, Inc. Employee Stock Ownership PlanUnison Solutions, Inc. Emplo…$12M
End-of-year total assets ($M) among Summit Helicopters, Inc. Employee Stock Ownership Plan and Trust and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2023.

Summit Helicopters, Inc. multi-year asset trail

Sponsor-wide plan assets over time

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

Latest sponsor-wide plan assets
$11M 10.122664052249515% vs 2022
2024 filing year
$10.5M$11M$11.5M$12M$12.5M 202220232024 $12.4M $11.1M ▼ -10.1%
Year Plans Participants Total Assets
2022 1 56 $12M
2023 1 53 $12M
2024 1 49 $11M

Summit Helicopters, Inc. filing trail (2023)

Total Assets (Beginning of Year)$12M
Net Assets (End of Year)$11M
Net Income-$202K
Employer EIN541156923
Plan Effective Date1983-02-01
Filing StatusFILING RECEIVED

Nearby ESOP Plans in Virginia

Peer ESOP plans, same state, same plan type, ranked by total assets.

Summit Helicopters, Inc. Employee Stock Ownership Plan and Trust vs. nearby ESOP plans in Virginia, assets vs. participants Scatter plot of 6 data points. -200002000400060008000 -0.500.511.5 Total assets ($B) Participants Summit Helicopters, Inc. Employee Stock Ownership Plan and Trust, Total assets ($B): 0.012052975 · Participants: 53Summit Helicopters, Inc. Employee Stock Ownership Plan and TrustNvr, Inc. Employee Stock Ownership Plan, Total assets ($B): 1.200416394 · Participants: 6866Nvr, Inc. Employee Stock Ownership PlanThe Resorts Companies, Inc. Employee Stock Ownership Plan, Total assets ($B): 0.351932601 · Participants: 1751The Resorts Companies, Inc. Employee Stock Ownership PlanAmerican Systems Corporation Employee Stock Ownership Plan, Total assets ($B): 0.331314714 · Participants: 1782American Systems Corporation Employee Stock Ownership PlanModern Technology Solutions, Inc. Employee Stock Ownership Plan and Trust, Total assets ($B): 0.321520666 · Participants: 1652Modern Technology Solutions, Inc. Employee Stock Ownership Plan and TrustNew River Electrical Corporation Employee Stock Ownership Plan, Total assets ($B): 0.320954252 · Participants: 444New River Electrical Corporation Employee Stock Ownership Plan
Summit Helicopters, Inc. Employee Stock Ownership Plan and Trust vs. nearby ESOP plans in Virginia, assets vs. participants
Compare Summit Helicopters, Inc. Employee Stock Ownership Plan and Trust side-by-side with 3 peers →

Summit Helicopters, Inc. Employee Stock Ownership Plan and Trust's out-of-state ESOP peers by assets and headcount

Outside Virginia, the nearest ESOP by assets is Lincoln County Bancorp, Inc. Employee Stock Ownership Plan in MO ($12M); by covered participants it is Brewer Direct, Inc. Employee Stock Ownership Plan in CA (53 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (53 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 Helicopters, Inc. Employee Stock Ownership Plan and Trust assets move in 2023? ▼
Summit Helicopters, Inc. Employee Stock Ownership Plan and Trust edged down modestly - down 2.5% during 2023, from $12M to $12M. Reported net income was -$202K.
How have Summit Helicopters, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Summit Helicopters, Inc.'s sponsor-wide assets declined 10.1%, from $12M to $11M.
Which ESOP plans are similar in size to Summit Helicopters, Inc. Employee Stock Ownership Plan and Trust? ▼
Among ESOP plans in other states, the closest by assets is Lincoln County Bancorp, Inc. Employee Stock Ownership Plan in MO ($12M, 199 participants).
Which ESOP plans cover a similar participant headcount to Summit Helicopters, Inc. Employee Stock Ownership Plan and Trust? ▼
Among ESOP plans in other states, the closest by covered participants is Brewer Direct, Inc. Employee Stock Ownership Plan in CA (53 participants, $12M 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 541156923.

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.