Profit Sharing · DOL Form 5500 · 2024

Summit Financial Advisors Inc. Profit Sharing Plan

Data updated 2026-08-25

$537K
Total assets Small plan by assets
2
Participants Small participant base
18th
Percentile by assets National rank
$268,637
Avg per participant High balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: Summit Financial Advisors Inc. Profit Sharing Plan · Sponsored by Summit Financial Advisors Inc. · California · Real Estate

$537K in assets, 2 participants

Summit Financial Advisors Inc.'s Summit Financial Advisors Inc. Profit Sharing Plan reported $537K in total assets and 2 participants in its 2024 DOL Form 5500 filing, ranking in the 18th 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.

  • #1,442 in Real Estate (4,605 peers)

Summit Financial Advisors Inc. multi-year trail

Summit Financial Advisors Inc.'s plans moved +15.0% in assets from 2022 to 2024; this filing shows Summit Financial Advisors Inc. Profit Sharing Plan at $537K / 2 participants.

#1,442
in Real Estate (4,605 peers)
-2.7%
assets change YoY

The plan reported a net loss of $15K for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Summit Financial Advisors Inc. Profit Sharing Plan among the smaller filed plans by assets

Summit Financial Advisors Inc. Profit Sharing Plan vs every filed plan by assets

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

$537,274 18th percentile higher than 18% 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 Financial Advisors Inc. Profit Sharing Plan among micro filed plans by headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Summit Financial Advisors Inc. Profit Sharing Plan is a micro filing (2 participants), the leftmost band.

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Summit Financial Advisors Inc. Profit Sharing Plan reported net income fell from $85K in the plan year 2023 filing to -$15K in the plan year 2024 filing.
  • Summit Financial Advisors Inc. Profit Sharing Plan reported participants fell from 3 in the plan year 2023 filing to 2 in the plan year 2024 filing.
  • Summit Financial Advisors Inc. Profit Sharing Plan end-of-year assets fell from $552K in the plan year 2023 filing to $537K in the plan year 2024 filing.

See the national 2023→2024 release diff →

Plan-year Form 5500 strip

Filing strip 421754719 · Summit Financial Advisors Inc. PY 2024 · Profit Sharing

Summit Financial Advisors Inc. Profit Sharing Plan · $537K · 2 · 18th

  • PART $537K
  • TYPE 2
  • NET 18th
  • BOOK Profit Sharing
  • VS-ST near James Hillman Ripper Enterprises, Inc. Retirement Plan
  • BOY ind #1442

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 Real Estate retirement plans → · Plans in California →

Summit Financial Advisors Inc. Profit Sharing Plan in the asset neighbourhood

Summit Financial Advisors Inc. Profit Sharing PlanSummit Financial Advisors In…$537KJames Hillman Ripper Enterprises, Inc. Retirement PlanJames Hillman Ripper Enterpr…$538KJ & C Hetrick Inc. Retirement PlanJ & C Hetrick Inc. Retiremen…$537KNeurology Hd, Psc Retirement Plan (Formerly Horacio F. Daubon Del Valle Retirement Plan)Neurology Hd, Psc Retirement…$537KCosprings Wellness Inc. Retirement PlanCosprings Wellness Inc. Reti…$538K
End-of-year total assets ($M) among Summit Financial Advisors Inc. Profit Sharing Plan and nearest nationwide Profit Sharing peers. Source: DOL Form 5500 plan year 2024.

Summit Financial Advisors Inc. multi-year asset trail

Sponsor-wide plan assets over time

All Summit Financial Advisors Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$537K 14.958854164437845% vs 2022
2024 filing year
$0.45M$0.5M$0.55M$0.6M 202220232024 $0.47M $0.54M ▲ +14.9%
Year Plans Participants Total Assets
2022 1 2 $467K
2023 1 3 $552K
2024 1 2 $537K

Summit Financial Advisors Inc. filing trail (2024)

Total Assets (Beginning of Year)$552K
Net Assets (End of Year)$537K
Net Income-$15K
Employer EIN421754719
Plan Effective Date2008-01-31
Filing StatusFILING RECEIVED

Nearby Profit Sharing Plans in California

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

Summit Financial Advisors Inc. Profit Sharing Plan vs. nearby Profit Sharing plans in California, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000 -20246810 Total assets ($B) Participants Summit Financial Advisors Inc. Profit Sharing Plan, Total assets ($B): 0.000537274 · Participants: 2Summit Financial Advisors Inc. Profit Sharing PlanScpmg Keogh Plan, Total assets ($B): 7.873239427 · Participants: 10749Scpmg Keogh PlanIntel Retirement Contribution Plan, Total assets ($B): 7.29473208 · Participants: 19044Intel Retirement Contribution PlanMotion Picture Industry Individual Account Plan, Total assets ($B): 6.232609737 · Participants: 67842Motion Picture Industry Individual Account PlanMemorialcare Retirement Plan, Total assets ($B): 1.429377 · Participants: 4491Memorialcare Retirement PlanDisney Retirement Savings Plan, Total assets ($B): 1.420512537 · Participants: 36338Disney Retirement Savings Plan
Summit Financial Advisors Inc. Profit Sharing Plan vs. nearby Profit Sharing plans in California, assets vs. participants
Compare Summit Financial Advisors Inc. Profit Sharing Plan side-by-side with 3 peers →

Summit Financial Advisors Inc. Profit Sharing Plan's out-of-state Profit Sharing peers by assets and headcount

Outside California, the nearest Profit Sharing by assets is James Hillman Ripper Enterprises, Inc. Retirement Plan in SC ($538K); by covered participants it is Johnson Goldberg & Brown, Ltd Profit Sharing Plan in IL (2 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (2 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 Financial Advisors Inc. Profit Sharing Plan assets move in 2024? ▼
Summit Financial Advisors Inc. Profit Sharing Plan edged down modestly - down 2.7% during 2024, from $552K to $537K. Reported net income was -$15K.
How have Summit Financial Advisors Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Summit Financial Advisors Inc.'s sponsor-wide assets grew 15.0%, from $467K to $537K.
Where does Summit Financial Advisors Inc. Profit Sharing Plan rank by assets among Form 5500 filers? ▼
Summit Financial Advisors Inc. Profit Sharing Plan ranks in the 18th percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (among the smaller plans by assets on file).
Which Profit Sharing plans are similar in size to Summit Financial Advisors Inc. Profit Sharing Plan? ▼
Among Profit Sharing plans in other states, the closest by assets is James Hillman Ripper Enterprises, Inc. Retirement Plan in SC ($538K, 1 participant).
Which Profit Sharing plans cover a similar participant headcount to Summit Financial Advisors Inc. Profit Sharing Plan? ▼
Among Profit Sharing plans in other states, the closest by covered participants is Johnson Goldberg & Brown, Ltd Profit Sharing Plan in IL (2 participants, $5M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2024.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 421754719.

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.