401(k) · DOL Form 5500 · 2024

Summit Design & Engineering Services,PLLC 401(k) Plan

Data updated 2026-08-25

$24M
Total assets Small plan by assets
427
Participants Below avg headcount
74th
Percentile by assets National rank
$56,723
Avg per participant Low balance/head
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Official DOL plan name: Summit Design & Engineering Services, PLLC Employees Savings Trust · Sponsored by Summit Design & Engineering Services,PLLC · North Carolina · Professional & Technical Services

$24M in assets, 427 participants

Summit Design & Engineering Services,PLLC's Summit Design & Engineering Services, PLLC Employees Savings Trust reported $24M in total assets and 427 participants in its 2024 DOL Form 5500 filing, ranking in the 74th 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.

  • #14,818 in Professional & Technical Services (20,173 peers)

Summit Design & Engineering Services,PLLC multi-year trail

Summit Design & Engineering Services,PLLC's plans moved +53.9% in assets from 2022 to 2024; this filing shows Summit Design & Engineering Services, PLLC Employees Savings Trust at $24M / 427 participants.

#14,818
in Professional & Technical Services (20,173 peers)
+21.1%
assets growth YoY

Summit Design & Engineering Services, PLLC Employees Savings Trust's outsized position by total assets

Summit Design & Engineering Services, PLLC Employees Savings Trust vs every filed plan by assets

End-of-year total assets · plan year 2024 · DOL Form 5500

$24,220,792 Top 26% higher than 74% of 123,620 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 2024

Summit Design & Engineering Services, PLLC Employees Savings Trust among mid-size filed plans by headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Summit Design & Engineering Services, PLLC Employees Savings Trust sits mid-pack in the medium band (427 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Summit Design & Engineering Services, PLLC Employees Savings Trust end-of-year assets rose from $20M in the plan year 2023 filing to $24M in the plan year 2024 filing.
  • Summit Design & Engineering Services, PLLC Employees Savings Trust reported participants rose from 422 in the plan year 2023 filing to 427 in the plan year 2024 filing.

See the national 2023→2024 release diff →

Form 5500 schedule snapshot

Filing strip 300236228 · Summit Design & Engineering Services,PLLC PY 2024 · 401(k)

Summit Design & Engineering Services, PLLC Employees Savings Trust · $24M · 427 · 74th

  • SCH $24M
  • EBSA 427
  • PART 74th
  • TYPE 401(k)
  • NET near Tata Technologies, Inc. 401(k) Ps Plan
  • BOOK ind #14818

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 Professional & Technical Services retirement plans → · Plans in North Carolina →

Summit Design & Engineering Services, PLLC Employees Savings Trust in the asset neighbourhood

Child Mind Institute, Inc. 401(k) Plan & TrustChild Mind Institute, Inc. 4…$24MSummit Design & Engineering Services, PLLC Employees Savings TrustSummit Design & Engineering …$24MTata Technologies, Inc. 401(k) Ps PlanTata Technologies, Inc. 401(…$24MNext Level 401(k) Plan$24MLiberty Hill Equity Partners 401(k) Profit Sharing PlanLiberty Hill Equity Partners…$24M
End-of-year total assets ($M) among Summit Design & Engineering Services, PLLC Employees Savings Trust and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Summit Design & Engineering Services,PLLC multi-year asset trail

Sponsor-wide plan assets over time

All Summit Design & Engineering Services,PLLC plans reported in each filing year

Latest sponsor-wide plan assets
$24M 53.85608091828369% vs 2022
2024 filing year
$10M$15M$20M$25M$30M 202220232024 $15.7M $24.2M ▲ +53.9%
Year Plans Participants Total Assets
2022 1 380 $16M
2023 1 422 $20M
2024 1 427 $24M

Summit Design & Engineering Services,PLLC filing trail (2024)

Total Assets (Beginning of Year)$20M
Net Assets (End of Year)$24M
Net Income$4M
Employer EIN300236228
Plan Effective Date2004-04-03
Filing StatusFILING RECEIVED

Nearby 401(k) Plans in North Carolina

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

Summit Design & Engineering Services, PLLC Employees Savings Trust vs. nearby 401(k) plans in North Carolina, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000200000 -20020406080 Total assets ($B) Participants Summit Design & Engineering Services, PLLC Employees Savings Trust, Total assets ($B): 0.024220792 · Participants: 427Summit Design & Engineering Services, PLLC Employees Savings TrustThe Bank of America 401(k) Plan, Total assets ($B): 62.902405616 · Participants: 168963The Bank of America 401(k) PlanHoneywell 401(k) Plan, Total assets ($B): 16.316486587 · Participants: 39468Honeywell 401(k) PlanDuke Energy Retirement Savings Plan, Total assets ($B): 11.269744 · Participants: 27341Duke Energy Retirement Savings PlanNucor Corporation Profit Sharing and Retirement Savings Plan, Total assets ($B): 9.349291649 · Participants: 27070Nucor Corporation Profit Sharing and Retirement Savings PlanTruist Financial Corporation 401(k) Savings Plan, Total assets ($B): 9.231001739 · Participants: 52699Truist Financial Corporation 401(k) Savings Plan
Summit Design & Engineering Services, PLLC Employees Savings Trust vs. nearby 401(k) plans in North Carolina, assets vs. participants

Summit Design & Engineering Services, PLLC Employees Savings Trust's out-of-state 401(k) peers by assets and headcount

Outside North Carolina, the nearest 401(k) by assets is Tata Technologies, Inc. 401(k) Ps Plan in MI ($24M); by covered participants it is Disability Mgmt Services, Inc 401(k) Retirement Plan in MA (427 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($24M here).

Similar participant headcount

Nearest other-state filings by covered participants (427 participants); asset peers above are excluded.

DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Summit Design & Engineering Services, PLLC Employees Savings Trust assets move in 2024?
Summit Design & Engineering Services, PLLC Employees Savings Trust grew sharply - up 21.1% during 2024, from $20M to $24M. Reported net income was $4M.
How have Summit Design & Engineering Services,PLLC plan assets changed over time?
Across 3 plan years on file (2022-2024), Summit Design & Engineering Services,PLLC's sponsor-wide assets grew 53.9%, from $16M to $24M.
Which 401(k) plans are similar in size to Summit Design & Engineering Services, PLLC Employees Savings Trust?
Among 401(k) plans in other states, the closest by assets is Tata Technologies, Inc. 401(k) Ps Plan in MI ($24M, 315 participants).
Which 401(k) plans cover a similar participant headcount to Summit Design & Engineering Services, PLLC Employees Savings Trust?
Among 401(k) plans in other states, the closest by covered participants is Disability Mgmt Services, Inc 401(k) Retirement Plan in MA (427 participants, N/A in assets).