401(k) · DOL Form 5500 · 2024

Summit Career College, Inc. 401(k) Plan

Data updated 2026-08-25

$3M
Total assets Small plan by assets
118
Participants Small participant base
36th
Percentile by assets National rank
$28,700
Avg per participant Low balance/head
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Official DOL plan name: Summit Career College 401(k) Profit Sharing Plan · Sponsored by Summit Career College, Inc. · California · Educational Services

$3M in assets, 118 participants

Summit Career College, Inc.'s Summit Career College 401(k) Profit Sharing Plan reported $3M in total assets and 118 participants in its 2024 DOL Form 5500 filing, ranking in the 36th 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.

  • #820 in Educational Services (3,638 peers)

Coverage in California

Summit Career College 401(k) Profit Sharing Plan covers 118 participants in California, about 19% of the average California filer (state average ~630 per filing). Assets: $3M.

#820
in Educational Services (3,638 peers)
-16.2%
assets change YoY

The plan reported a net loss of $654K for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Summit Career College 401(k) Profit Sharing Plan's mid-pack asset rank among Educational Services and all filers

Summit Career College 401(k) Profit Sharing Plan vs every filed plan by assets

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

$3,386,632 36th percentile higher than 36% 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 Career College 401(k) Profit Sharing Plan 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 Career College 401(k) Profit Sharing Plan sits mid-pack in the medium band (118 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Summit Career College 401(k) Profit Sharing Plan reported net income fell from $664K in the plan year 2023 filing to -$654K in the plan year 2024 filing.
  • Summit Career College 401(k) Profit Sharing Plan end-of-year assets fell from $4M in the plan year 2023 filing to $3M in the plan year 2024 filing.
  • Summit Career College 401(k) Profit Sharing Plan reported participants rose from 109 in the plan year 2023 filing to 118 in the plan year 2024 filing.

See the national 2023→2024 release diff →

Form 5500 schedule snapshot

Filing strip 330430969 · Summit Career College, Inc. PY 2024 · 401(k)

Summit Career College 401(k) Profit Sharing Plan · $3M · 118 · 36th

  • TYPE $3M
  • TYPE 118
  • TYPE 36th
  • TYPE 401(k)
  • TYPE near Brown & Nofzinger PC 401(k) Plan
  • TYPE ind #820

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 Educational Services retirement plans → · Plans in California →

Summit Career College 401(k) Profit Sharing Plan in the asset neighbourhood

Summit Career College 401(k) Profit Sharing PlanSummit Career College 401(k)…$3MBrown & Nofzinger PC 401(k) PlanBrown & Nofzinger PC 401(k) …$3MWhittington, Jones & Rudert, Cpas, LLC, 401(k)Whittington, Jones & Rudert,…$3MGoodwill of the Olympics and Rainier Region 401(k) PlanGoodwill of the Olympics and…$3MColonial Converting Corporation 401(k) Savings PlanColonial Converting Corporat…$3M
End-of-year total assets ($M) among Summit Career College 401(k) Profit Sharing Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

California filing particulars

Total Assets (Beginning of Year)$4M
Net Assets (End of Year)$3M
Net Income-$654K
Employer EIN330430969
Plan Effective Date2003-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Summit Career College, Inc.)

Sponsor-wide plan assets over time

All Summit Career College, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$3M 0.29879672789595746% vs 2022
2024 filing year
$3.2M$3.4M$3.6M$3.8M$4M$4.2M 202220232024 $3.38M $3.39M ▲ +0.3%
Year Plans Participants Total Assets
2022 1 94 $3M
2023 1 109 $4M
2024 1 118 $3M

Nearby 401(k) Plans in California

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

Summit Career College 401(k) Profit Sharing Plan vs. nearby 401(k) plans in California, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 -200204060 Total assets ($B) Participants Summit Career College 401(k) Profit Sharing Plan, Total assets ($B): 0.003386632 · Participants: 118Summit Career College 401(k) Profit Sharing PlanGoogle LLC 401(k) Savings Plan, Total assets ($B): 48.738057415 · Participants: 116712Google LLC 401(k) Savings PlanOracle Corporation 401(k) Savings and Investment Plan, Total assets ($B): 31.02646504 · Participants: 58962Oracle Corporation 401(k) Savings and Investment PlanIntel 401(k) Savings Plan, Total assets ($B): 24.850880304 · Participants: 55298Intel 401(k) Savings PlanApple 401(k) Plan, Total assets ($B): 24.714519387 · Participants: 101450Apple 401(k) PlanCisco Systems,Inc. 401(k) Plan, Total assets ($B): 22.728425546 · Participants: 40452Cisco Systems,Inc. 401(k) Plan
Summit Career College 401(k) Profit Sharing Plan vs. nearby 401(k) plans in California, assets vs. participants
Compare Summit Career College 401(k) Profit Sharing Plan side-by-side with 3 peers →

Summit Career College 401(k) Profit Sharing Plan's out-of-state 401(k) peers by assets and headcount

Outside California, the nearest 401(k) by assets is Brown & Nofzinger PC 401(k) Plan in MI ($3M); by covered participants it is Hyperform, Inc. 401(k) Profit Sharing Plan and Trust in FL (118 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (118 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 Career College 401(k) Profit Sharing Plan assets move in 2024? ▼
Summit Career College 401(k) Profit Sharing Plan declined sharply - down 16.2% during 2024, from $4M to $3M. Reported net income was -$654K.
How have Summit Career College, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Summit Career College, Inc.'s sponsor-wide assets grew 0.3%, from $3M to $3M.
Which 401(k) plans are similar in size to Summit Career College 401(k) Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by assets is Brown & Nofzinger PC 401(k) Plan in MI ($3M, 15 participants).
Which 401(k) plans cover a similar participant headcount to Summit Career College 401(k) Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Hyperform, Inc. 401(k) Profit Sharing Plan and Trust in FL (118 participants, $3M 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 330430969.

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.