Defined Benefit (Pension) · DOL Form 5500 · 2023

Summit Federal Credit Union Pension Plan

Data updated 2026-08-25

$34M
Total assets Below avg plan size
190
Participants Below avg headcount
81st
Percentile by assets National rank
$179,206
Avg per participant Above avg balance/head
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Official DOL plan name: The Summit Federal Credit Union Pension Plan · Sponsored by Summit Federal Credit Union · New York · Finance & Insurance

$34M in assets, 190 participants

Summit Federal Credit Union's The Summit Federal Credit Union Pension Plan reported $34M in total assets and 190 participants in its 2023 DOL Form 5500 filing, ranking in the 81st 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.

  • #6,296 in Finance & Insurance (8,869 peers)

Coverage in New York

The Summit Federal Credit Union Pension Plan covers 190 participants in New York, about 24% of the average New York filer (state average ~798 per filing). Assets: $34M.

#6,296
in Finance & Insurance (8,869 peers)
+7.0%
assets growth YoY
0.3×
vs typical plan assets (national mean)

The Summit Federal Credit Union Pension Plan's outsized position by total assets

The Summit Federal Credit Union Pension Plan vs every filed plan by assets

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

$34,049,221 Top 19% higher than 81% 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

The Summit Federal Credit Union Pension 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. The Summit Federal Credit Union Pension Plan sits mid-pack in the medium band (190 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • The Summit Federal Credit Union Pension Plan reported net income rose from $1M in the plan year 2022 filing to $2M in the plan year 2023 filing.
  • The Summit Federal Credit Union Pension Plan end-of-year assets rose from $32M in the plan year 2022 filing to $34M in the plan year 2023 filing.
  • The Summit Federal Credit Union Pension Plan reported participants rose from 178 in the plan year 2022 filing to 190 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Published 5500 schedule card

Filing strip 160754720 · Summit Federal Credit Union PY 2023 · Defined Benefit (Pension)

The Summit Federal Credit Union Pension Plan · $34M · 190 · 81st

  • 5500 $34M
  • ASSETS 190
  • PCT 81st
  • EIN Defined Benefit (Pension)
  • RANK near Graphic Communications Union Local 2-C Retirement Benefit Plan
  • PHOTO ind #6296

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 New York →

The Summit Federal Credit Union Pension Plan in the asset neighbourhood

Wec Energy Group Retirement Plan for Integrys HoldingWec Energy Group Retirement …$34MRetirement Plan for Employees of Northern Montana HospitalRetirement Plan for Employee…$34MThe Summit Federal Credit Union Pension PlanThe Summit Federal Credit Un…$34MGraphic Communications Union Local 2-C Retirement Benefit PlanGraphic Communications Union…$34MGlasgow, Inc. Pension Plan$34M
End-of-year total assets ($M) among The Summit Federal Credit Union Pension Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2023.

New York filing particulars

Total Assets (Beginning of Year)$32M
Net Assets (End of Year)$34M
Net Income$2M
Employer EIN160754720
Plan Effective Date1964-07-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Summit Federal Credit Union)

Sponsor-wide plan assets over time

All Summit Federal Credit Union plans reported in each filing year

Latest sponsor-wide plan assets
$65M 17.595713760059454% vs 2022
2024 filing year
$50M$55M$60M$65M$70M 202220232024 $55.2M $65M ▲ +17.6%
Year Plans Participants Total Assets
2022 2 398 $55M
2023 2 423 $61M
2024 2 437 $65M

Nearby Defined Benefit (Pension) Plans in New York

Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.

The Summit Federal Credit Union Pension Plan vs. nearby Defined Benefit (Pension) plans in New York, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 -100102030 Total assets ($B) Participants The Summit Federal Credit Union Pension Plan, Total assets ($B): 0.034049221 · Participants: 190The Summit Federal Credit Union Pension PlanIBM Personal Pension Plan, Total assets ($B): 24.955758896 · Participants: 14881IBM Personal Pension PlanConsolidated Edison Retirement Plan, Total assets ($B): 16.184377155 · Participants: 10779Consolidated Edison Retirement Plan1199seiu Health Care Employees Pension Fund, Total assets ($B): 16.16620463 · Participants: 1075821199seiu Health Care Employees Pension FundPfizer Consolidated Pension Plan, Total assets ($B): 10.955262618 · Participants: 9616Pfizer Consolidated Pension PlanPepsico Employees Retirement Plan I, Total assets ($B): 7.599669 · Participants: 12289Pepsico Employees Retirement Plan I
The Summit Federal Credit Union Pension Plan vs. nearby Defined Benefit (Pension) plans in New York, assets vs. participants
Compare The Summit Federal Credit Union Pension Plan side-by-side with 3 peers →

The Summit Federal Credit Union Pension Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside New York, the nearest Defined Benefit (Pension) by assets is Graphic Communications Union Local 2-C Retirement Benefit Plan in MI ($34M); by covered participants it is National Bankshares, Inc. Retirement Income Plan in VA (190 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (190 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 The Summit Federal Credit Union Pension Plan assets move in 2023? ▼
The Summit Federal Credit Union Pension Plan grew at a solid clip - up 7.0% during 2023, from $32M to $34M. Reported net income was $2M.
How have Summit Federal Credit Union plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Summit Federal Credit Union's sponsor-wide assets grew 17.6%, from $55M to $65M.
Where does The Summit Federal Credit Union Pension Plan rank by assets among Form 5500 filers? ▼
The Summit Federal Credit Union Pension Plan ranks in the 81st percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top quartile of all filed plans by assets).
Which Defined Benefit (Pension) plans are similar in size to The Summit Federal Credit Union Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Graphic Communications Union Local 2-C Retirement Benefit Plan in MI ($34M, 1 participant).
Which Defined Benefit (Pension) plans cover a similar participant headcount to The Summit Federal Credit Union Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is National Bankshares, Inc. Retirement Income Plan in VA (190 participants, $33M 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 160754720.

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.