401(k) · DOL Form 5500 · 2023
Sumitomo Corporation of Americas 401(k) Plan
Data updated 2026-08-11
- $356M
- Total assets
- 1,940
- Participants
- 97th
- Percentile by assets
- $183,387
- Avg per participant
Official DOL plan name: The Safe Harbor 401(k) Plan · Sponsored by Sumitomo Corporation of Americas · New York · Wholesale Trade
$356M in assets, 1,940 participants
Sumitomo Corporation of Americas's The Safe Harbor 401(k) Plan reported $356M in total assets and 1,940 participants in its 2023 DOL Form 5500 filing, ranking in the 97th 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.
- 97th percentile by assets (of 127,072 plans)
- #6,165 in Wholesale Trade (6,309 peers)
Coverage in New York
The Safe Harbor 401(k) Plan covers 1,940 participants in New York, 2.4x the typical New York plan (state average ~798 per filing). Assets: $356M.
- $356M
- total plan assets (2023 EOY)
- 1,940
- covered participants
- 97th
- percentile by assets (of 127,072 plans)
- $183,387
- avg assets per participant
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- The Safe Harbor 401(k) Plan reported net income rose from -$61M in the plan year 2022 filing to $51M in the plan year 2023 filing.
- The Safe Harbor 401(k) Plan end-of-year assets rose from $305M in the plan year 2022 filing to $356M in the plan year 2023 filing.
- The Safe Harbor 401(k) Plan reported participants rose from 1,804 in the plan year 2022 filing to 1,940 in the plan year 2023 filing.
Participants vs New York filers
In New York, the average filing covers about 798 participants across 9,061 plans. The Safe Harbor 401(k) Plan reports 1,940 participants - 2.4x that state average ($356M EOY assets).
New York filing particulars
| Total Assets (Beginning of Year) | $305M |
|---|---|
| Net Assets (End of Year) | $356M |
| Net Income | $51M |
| Employer EIN | 135612163 |
| Plan Effective Date | 2011-06-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Sumitomo Corporation of Americas)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 2 | 2,345 | $343M |
| 2023 | 2 | 2,519 | $403M |
| 2024 | 2 | 2,694 | $461M |
Nearby 401(k) Plans in New York
Peer 401(k) plans, same state, same plan type, ranked by total assets.
The Safe Harbor 401(k) Plan vs. nearby 401(k) plans in New York, assets vs. participants
- IBM 401 (K) Plus Plan $57.4B · 54,912
- Pfizer Savings Plan $19.6B · 30,033
- Morgan Stanley 401(k) Plan $19.2B · 55,363
- The Pepsico Savings Plan $13.7B · 133,597
- The Goldman Sachs 401(k) Plan $11.4B · 24,866
Similar-Sized 401(k) Plans Nationally
401(k) plans in other states closest to The Safe Harbor 401(k) Plan by total assets, not by location.
- Diamond Offshore 401(k) Plan (TX) $356M · 1,183
- Bendix Commercial Vehicle Systems LLC Savings Plan (OH) $356M · 2,445
- Weekley Homes 401(k) Plan (TX) $356M · 1,562
- Alpha Metallurgical Resources 401(k) Retirement Savings Plan (TN) $355M · 3,591
Frequently Asked Questions
How did The Safe Harbor 401(k) Plan assets move in 2023? ▼
How have Sumitomo Corporation of Americas plan assets changed over time? ▼
Where does The Safe Harbor 401(k) Plan rank by assets among Form 5500 filers? ▼
Which 401(k) plans are similar in size to The Safe Harbor 401(k) Plan? ▼
Next read for The Safe Harbor 401(k) Plan
Filing takeaways
Ways to act on The Safe Harbor 401(k) Plan's numbers.
- By total assets, The Safe Harbor 401(k) 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 New York. Compare plans
- Sumitomo Corporation of Americas's sponsor-wide assets have grown 34.3% since 2022 across 3 plan years on file. More Wholesale Trade plans