401(k) · DOL Form 5500 · 2023

Summit Federal Credit Un 401(k) Plan

Data updated 2026-08-25

$27M
Total assets Below avg plan size
233
Participants Below avg headcount
78th
Percentile by assets National rank
$117,289
Avg per participant Below avg balance/head
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Official DOL plan name: The Summit Federal Credit Union 401(k) Plan · Sponsored by Summit Federal Credit Un · New York · Finance & Insurance

$27M in assets, 233 participants

Summit Federal Credit Un's The Summit Federal Credit Union 401(k) Plan reported $27M in total assets and 233 participants in its 2023 DOL Form 5500 filing, ranking in the 78th 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.

  • #5,877 in Finance & Insurance (8,869 peers)

Coverage in New York

The Summit Federal Credit Union 401(k) Plan covers 233 participants in New York, about 29% of the average New York filer (state average ~798 per filing). Assets: $27M.

#5,877
in Finance & Insurance (8,869 peers)
+16.7%
assets growth YoY
0.3×
vs typical plan assets (national mean)

The Summit Federal Credit Union 401(k) Plan's outsized position by total assets

The Summit Federal Credit Union 401(k) Plan vs every filed plan by assets

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

$27,328,295 Top 22% higher than 78% 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 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. The Summit Federal Credit Union 401(k) Plan sits mid-pack in the medium band (233 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • The Summit Federal Credit Union 401(k) Plan reported net income rose from $2M in the plan year 2022 filing to $4M in the plan year 2023 filing.
  • The Summit Federal Credit Union 401(k) Plan end-of-year assets rose from $23M in the plan year 2022 filing to $27M in the plan year 2023 filing.
  • The Summit Federal Credit Union 401(k) Plan reported participants rose from 220 in the plan year 2022 filing to 233 in the plan year 2023 filing.

See the national 2022→2023 release diff →

DOL schedule card

Filing strip 160754720 · Summit Federal Credit Un PY 2023 · 401(k)

The Summit Federal Credit Union 401(k) Plan · $27M · 233 · 78th

  • EBSA $27M
  • PART 233
  • TYPE 78th
  • NET 401(k)
  • BOOK near Welldyne Rx 401(k) Retirement Plan Plan
  • VS-ST ind #5877

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 401(k) Plan in the asset neighbourhood

The Summit Federal Credit Union 401(k) PlanThe Summit Federal Credit Un…$27MWelldyne Rx 401(k) Retirement Plan PlanWelldyne Rx 401(k) Retiremen…$27MAcp Creativit, LLC 401(k) PlanAcp Creativit, LLC 401(k) Pl…$27MKast Construction and Grit Construction Services 401(k) PlanKast Construction and Grit C…$27MFounders Brewing Company 401(k) Profit Sharing PlanFounders Brewing Company 401…$27M
End-of-year total assets ($M) among The Summit Federal Credit Union 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

New York filing particulars

Total Assets (Beginning of Year)$23M
Net Assets (End of Year)$27M
Net Income$4M
Employer EIN160754720
Plan Effective Date1998-09-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Summit Federal Credit Un)

Sponsor-wide plan assets over time

All Summit Federal Credit Un 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 401(k) Plans in New York

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

The Summit Federal Credit Union 401(k) Plan vs. nearby 401(k) plans in New York, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 -20020406080 Total assets ($B) Participants The Summit Federal Credit Union 401(k) Plan, Total assets ($B): 0.027328295 · Participants: 233The Summit Federal Credit Union 401(k) PlanIBM 401 (K) Plus Plan, Total assets ($B): 57.428456306 · Participants: 54912IBM 401 (K) Plus PlanPfizer Savings Plan, Total assets ($B): 19.56134085 · Participants: 30033Pfizer Savings PlanMorgan Stanley 401(k) Plan, Total assets ($B): 19.235068266 · Participants: 55363Morgan Stanley 401(k) PlanThe Pepsico Savings Plan, Total assets ($B): 13.651296 · Participants: 133597The Pepsico Savings PlanThe Goldman Sachs 401(k) Plan, Total assets ($B): 11.428659742 · Participants: 24866The Goldman Sachs 401(k) Plan
The Summit Federal Credit Union 401(k) Plan vs. nearby 401(k) plans in New York, assets vs. participants
Compare The Summit Federal Credit Union 401(k) Plan side-by-side with 3 peers →

The Summit Federal Credit Union 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside New York, the nearest 401(k) by assets is Welldyne Rx 401(k) Retirement Plan Plan in FL ($27M); by covered participants it is Decco, Inc. 401(k) Ps Plan in NH (233 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (233 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 401(k) Plan assets move in 2023? ▼
The Summit Federal Credit Union 401(k) Plan grew sharply - up 16.7% during 2023, from $23M to $27M. Reported net income was $4M.
How have Summit Federal Credit Un plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Summit Federal Credit Un's sponsor-wide assets grew 17.6%, from $55M to $65M.
Where does The Summit Federal Credit Union 401(k) Plan rank by assets among Form 5500 filers? ▼
The Summit Federal Credit Union 401(k) Plan ranks in the 78th 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 401(k) plans are similar in size to The Summit Federal Credit Union 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Welldyne Rx 401(k) Retirement Plan Plan in FL ($27M, 509 participants).
Which 401(k) plans cover a similar participant headcount to The Summit Federal Credit Union 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Decco, Inc. 401(k) Ps Plan in NH (233 participants, $29M 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.