Profit Sharing · DOL Form 5500 · 2023

Summit Stores Mm 1 Inc. Profit Sharing Plan

Data updated 2026-08-25

$372K
Total assets Small plan by assets
5
Participants Small participant base
15th
Percentile by assets National rank
$74,458
Avg per participant Below avg balance/head
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Official DOL plan name: Summit Stores Mm 1 Inc. Retirement Plan · Sponsored by Summit Stores Mm 1 Inc. · Tennessee · Retail Trade

$372K in assets, 5 participants

Summit Stores Mm 1 Inc.'s Summit Stores Mm 1 Inc. Retirement Plan reported $372K in total assets and 5 participants in its 2023 DOL Form 5500 filing, ranking in the 15th 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.

  • #2,112 in Retail Trade (8,414 peers)

Summit Stores Mm 1 Inc. multi-year trail

Summit Stores Mm 1 Inc.'s plans moved -21.8% in assets from 2022 to 2024; this filing shows Summit Stores Mm 1 Inc. Retirement Plan at $372K / 5 participants.

#2,112
in Retail Trade (8,414 peers)
-29.9%
assets change YoY

The plan reported a net loss of $158K for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Summit Stores Mm 1 Inc. Retirement Plan among the smaller filed plans by assets

Summit Stores Mm 1 Inc. Retirement Plan vs every filed plan by assets

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

$372,288 15th percentile higher than 15% 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 Stores Mm 1 Inc. Retirement Plan among micro filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Summit Stores Mm 1 Inc. Retirement Plan is a micro filing (5 participants), the leftmost band.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Summit Stores Mm 1 Inc. Retirement Plan reported participants rose from 3 in the plan year 2022 filing to 5 in the plan year 2023 filing.
  • Summit Stores Mm 1 Inc. Retirement Plan reported net income fell from -$113K in the plan year 2022 filing to -$158K in the plan year 2023 filing.
  • Summit Stores Mm 1 Inc. Retirement Plan end-of-year assets fell from $531K in the plan year 2022 filing to $372K in the plan year 2023 filing.

See the national 2022→2023 release diff →

Form 5500 schedule snapshot

Filing strip 850878554 · Summit Stores Mm 1 Inc. PY 2023 · Profit Sharing

Summit Stores Mm 1 Inc. Retirement Plan · $372K · 5 · 15th

  • EBSA $372K
  • EBSA 5
  • EBSA 15th
  • EBSA Profit Sharing
  • EBSA near Cargo Airline Association Profit-Sharing Plan
  • EBSA ind #2112

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 Retail Trade retirement plans → · Plans in Tennessee →

Summit Stores Mm 1 Inc. Retirement Plan in the asset neighbourhood

Summit Stores Mm 1 Inc. Retirement PlanSummit Stores Mm 1 Inc. Reti…$372KCargo Airline Association Profit-Sharing PlanCargo Airline Association Pr…$372KNgf Pension Development, Inc. Profit Sharing Plan & TrustNgf Pension Development, Inc…$372KThe Elkon Gallery, Inc. Profit Sharing PlanThe Elkon Gallery, Inc. Prof…$372KCds 6 Holdings Inc. Retirement PlanCds 6 Holdings Inc. Retireme…$373K
End-of-year total assets ($M) among Summit Stores Mm 1 Inc. Retirement Plan and nearest nationwide Profit Sharing peers. Source: DOL Form 5500 plan year 2023.

Summit Stores Mm 1 Inc. multi-year asset trail

Sponsor-wide plan assets over time

All Summit Stores Mm 1 Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$415K 21.77359336640584% vs 2022
2024 filing year
$0.35M$0.4M$0.45M$0.5M$0.55M 202220232024 $0.53M $0.42M ▼ -20.8%
Year Plans Participants Total Assets
2022 1 3 $531K
2023 1 5 $372K
2024 1 9 $415K

Summit Stores Mm 1 Inc. filing trail (2023)

Total Assets (Beginning of Year)$531K
Net Assets (End of Year)$372K
Net Income-$158K
Employer EIN850878554
Plan Effective Date2020-05-08
Filing StatusFILING RECEIVED

Nearby Profit Sharing Plans in Tennessee

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

Summit Stores Mm 1 Inc. Retirement Plan vs. nearby Profit Sharing plans in Tennessee, assets vs. participants Scatter plot of 6 data points. -20000200040006000 -2000200400600 Total assets ($M) Participants Summit Stores Mm 1 Inc. Retirement Plan, Total assets ($M): 0.372288 · Participants: 5Summit Stores Mm 1 Inc. Retirement PlanBallad Health 401(a) Plan, Total assets ($M): 478.135258 · Participants: 5420Ballad Health 401(a) PlanShreveport Electrical Industry Profit Sharing Plan, Total assets ($M): 87.734816 · Participants: 494Shreveport Electrical Industry Profit Sharing PlanNew Orleans Electrical Annuity Plan, Total assets ($M): 77.298273 · Participants: 1475New Orleans Electrical Annuity PlanUlps Employee Savings Plan, Total assets ($M): 66.606114 · Participants: 237Ulps Employee Savings PlanGerber/Taylor Capital Advisors Profit Sharing Plan, Total assets ($M): 45.840819 · Participants: 40Gerber/Taylor Capital Advisors Profit Sharing Plan
Summit Stores Mm 1 Inc. Retirement Plan vs. nearby Profit Sharing plans in Tennessee, assets vs. participants
Compare Summit Stores Mm 1 Inc. Retirement Plan side-by-side with 3 peers →

Summit Stores Mm 1 Inc. Retirement Plan's out-of-state Profit Sharing peers by assets and headcount

Outside Tennessee, the nearest Profit Sharing by assets is Cargo Airline Association Profit-Sharing Plan in DC ($372K); by covered participants it is Salon Passion Inc. Retirement Plan in GA (5 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (5 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 Stores Mm 1 Inc. Retirement Plan assets move in 2023? ▼
Summit Stores Mm 1 Inc. Retirement Plan declined sharply - down 29.9% during 2023, from $531K to $372K. Reported net income was -$158K.
How have Summit Stores Mm 1 Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Summit Stores Mm 1 Inc.'s sponsor-wide assets declined 21.8%, from $531K to $415K.
Where does Summit Stores Mm 1 Inc. Retirement Plan rank by assets among Form 5500 filers? ▼
Summit Stores Mm 1 Inc. Retirement Plan ranks in the 15th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (among the smaller plans by assets on file).
Which Profit Sharing plans are similar in size to Summit Stores Mm 1 Inc. Retirement Plan? ▼
Among Profit Sharing plans in other states, the closest by assets is Cargo Airline Association Profit-Sharing Plan in DC ($372K, 2 participants).
Which Profit Sharing plans cover a similar participant headcount to Summit Stores Mm 1 Inc. Retirement Plan? ▼
Among Profit Sharing plans in other states, the closest by covered participants is Salon Passion Inc. Retirement Plan in GA (5 participants, N/A 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 850878554.

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.