401(k) · DOL Form 5500 · 2023

Summit Bank 401(k) Plan

Data updated 2026-08-25

$10M
Total assets Small plan by assets
98
Participants Small participant base
58th
Percentile by assets National rank
$98,975
Avg per participant Below avg balance/head
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Official DOL plan name: Summit Bank 401(k) Profit Sharing Plan · Sponsored by Summit Bank · Oregon · Finance & Insurance

$10M in assets, 98 participants

Summit Bank's Summit Bank 401(k) Profit Sharing Plan reported $10M in total assets and 98 participants in its 2023 DOL Form 5500 filing, ranking in the 58th 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.

  • #3,777 in Finance & Insurance (8,869 peers)

Summit Bank multi-year trail

Summit Bank's plans moved +65.7% in assets from 2022 to 2024; this filing shows Summit Bank 401(k) Profit Sharing Plan at $10M / 98 participants.

#3,777
in Finance & Insurance (8,869 peers)
+31.2%
assets growth YoY

Summit Bank 401(k) Profit Sharing Plan's mid-pack asset rank among Finance & Insurance and all filers

Summit Bank 401(k) Profit Sharing Plan vs every filed plan by assets

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

$9,699,576 Top 42% higher than 58% 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 Bank 401(k) Profit Sharing Plan 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 Bank 401(k) Profit Sharing Plan is a small filing (98 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Summit Bank 401(k) Profit Sharing Plan reported net income rose from -$296K in the plan year 2022 filing to $2M in the plan year 2023 filing.
  • Summit Bank 401(k) Profit Sharing Plan end-of-year assets rose from $7M in the plan year 2022 filing to $10M in the plan year 2023 filing.
  • Summit Bank 401(k) Profit Sharing Plan reported participants rose from 90 in the plan year 2022 filing to 98 in the plan year 2023 filing.

See the national 2022→2023 release diff →

DOL schedule card

Filing strip 412114771 · Summit Bank PY 2023 · 401(k)

Summit Bank 401(k) Profit Sharing Plan · $10M · 98 · 58th

  • RANK $10M
  • RANK 98
  • RANK 58th
  • RANK 401(k)
  • RANK near Reliance Energy 401(k) Plan
  • RANK ind #3777

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 Finance & Insurance retirement plans → · Plans in Oregon →

Summit Bank 401(k) Profit Sharing Plan in the asset neighbourhood

Summit Bank 401(k) Profit Sharing PlanSummit Bank 401(k) Profit Sh…$10MReliance Energy 401(k) Plan$10MAlegacy Group Retirement Plan$10MQuadrel, Inc. 401(k) Retirement Savings PlanQuadrel, Inc. 401(k) Retirem…$10MPedulla Excavating and Paving, Inc.401(k) Profit Sharing PlanPedulla Excavating and Pavin…$10M
End-of-year total assets ($M) among Summit Bank 401(k) Profit Sharing Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Summit Bank multi-year asset trail

Sponsor-wide plan assets over time

All Summit Bank plans reported in each filing year

Latest sponsor-wide plan assets
$12M 65.66325654358218% vs 2022
2024 filing year
$6M$8M$10M$12M$14M 202220232024 $7.39M $12.3M ▲ +65.8%
Year Plans Participants Total Assets
2022 1 90 $7M
2023 1 98 $10M
2024 1 128 $12M

Summit Bank filing trail (2023)

Total Assets (Beginning of Year)$7M
Net Assets (End of Year)$10M
Net Income$2M
Employer EIN412114771
Plan Effective Date2004-01-01
Filing StatusFILING RECEIVED

Nearby 401(k) Plans in Oregon

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

Summit Bank 401(k) Profit Sharing Plan vs. nearby 401(k) plans in Oregon, assets vs. participants Scatter plot of 6 data points. -1000001000020000300004000050000 -202468 Total assets ($B) Participants Summit Bank 401(k) Profit Sharing Plan, Total assets ($B): 0.009699576 · Participants: 98Summit Bank 401(k) Profit Sharing Plan401(k) Savings and Profit Sharing Plan for Employees of Nike, Inc., Total assets ($B): 5.902107007 · Participants: 40345401(k) Savings and Profit Sharing Plan for Employees of Nike, Inc.Daimler Truck North America, L.L.C. Employee Retirement Savings Plan, Total assets ($B): 2.354402812 · Participants: 8353Daimler Truck North America, L.L.C. Employee Retirement Savings PlanPrecision Castparts Corp. 401(k) Retirement Savings Plan, Total assets ($B): 2.192492885 · Participants: 16687Precision Castparts Corp. 401(k) Retirement Savings PlanXpo Logistics Retirement Savings Plan, Total assets ($B): 1.809963509 · Participants: 6189Xpo Logistics Retirement Savings PlanPacificorp K Plus Employee Savings Plan, Total assets ($B): 1.59531627 · Participants: 4968Pacificorp K Plus Employee Savings Plan
Summit Bank 401(k) Profit Sharing Plan vs. nearby 401(k) plans in Oregon, assets vs. participants
Compare Summit Bank 401(k) Profit Sharing Plan side-by-side with 3 peers →

Summit Bank 401(k) Profit Sharing Plan's out-of-state 401(k) peers by assets and headcount

Outside Oregon, the nearest 401(k) by assets is Reliance Energy 401(k) Plan in TX ($10M); by covered participants it is Blanco Enterprises 1081. 01(D) Retirement Plan in PR (98 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($10M here).

Similar participant headcount

Nearest other-state filings by covered participants (98 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 Bank 401(k) Profit Sharing Plan assets move in 2023? ▼
Summit Bank 401(k) Profit Sharing Plan surged - up 31.2% during 2023, from $7M to $10M. Reported net income was $2M.
How have Summit Bank plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Summit Bank's sponsor-wide assets grew 65.7%, from $7M to $12M.
Which 401(k) plans are similar in size to Summit Bank 401(k) Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by assets is Reliance Energy 401(k) Plan in TX ($10M, 241 participants).
Which 401(k) plans cover a similar participant headcount to Summit Bank 401(k) Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Blanco Enterprises 1081. 01(D) Retirement Plan in PR (98 participants, $81K 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 412114771.

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.