401(k) · DOL Form 5500 · 2024
Summit Polymers, Inc. 401(k) Plan
Data updated 2026-08-11
- $117M
- Total assets
- 1,377
- Participants
- 92nd
- Percentile by assets
- $84,767
- Avg per participant
Official DOL plan name: Summit Polymers, Inc. Employees' Profit Sharing Plan · Sponsored by Summit Polymers, Inc. · Michigan · Manufacturing
$117M in assets, 1,377 participants
Summit Polymers, Inc.'s Summit Polymers, Inc. Employees' Profit Sharing Plan reported $117M in total assets and 1,377 participants in its 2024 DOL Form 5500 filing, ranking in the 92nd 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.
- 92nd percentile by assets (of 123,622 plans)
- #15,529 in Manufacturing (17,777 peers)
Coverage in Michigan
Summit Polymers, Inc. Employees' Profit Sharing Plan covers 1,377 participants in Michigan, 2.2x the typical Michigan plan (state average ~638 per filing). Assets: $117M.
- $117M
- total plan assets (2024 EOY)
- 1,377
- covered participants
- 92nd
- percentile by assets (of 123,622 plans)
- $84,767
- avg assets per participant
Where Summit Polymers, Inc. Employees' Profit Sharing Plan sits by total assets
Summit Polymers, Inc. Employees' Profit Sharing Plan vs every filed plan by assets
End-of-year total assets · plan year 2024 · DOL Form 5500
$116,724,778 Top 8% higher than 92% of 123,620 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2024
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- Summit Polymers, Inc. Employees' Profit Sharing Plan end-of-year assets rose from $103M in the plan year 2023 filing to $117M in the plan year 2024 filing.
- Summit Polymers, Inc. Employees' Profit Sharing Plan reported net income fell from $15M in the plan year 2023 filing to $14M in the plan year 2024 filing.
- Summit Polymers, Inc. Employees' Profit Sharing Plan reported participants rose from 1,286 in the plan year 2023 filing to 1,377 in the plan year 2024 filing.
Participants vs Michigan filers
In Michigan, the average filing covers about 638 participants across 4,220 plans. Summit Polymers, Inc. Employees' Profit Sharing Plan reports 1,377 participants - 2.2x that state average ($117M EOY assets).
Michigan filing particulars
| Total Assets (Beginning of Year) | $103M |
|---|---|
| Net Assets (End of Year) | $117M |
| Net Income | $14M |
| Employer EIN | 381990845 |
| Plan Effective Date | 1978-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Summit Polymers, Inc.)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 1,219 | $88M |
| 2023 | 1 | 1,286 | $103M |
| 2024 | 1 | 1,377 | $117M |
Nearby 401(k) Plans in Michigan
Peer 401(k) plans, same state, same plan type, ranked by total assets.
Summit Polymers, Inc. Employees' Profit Sharing Plan vs. nearby 401(k) plans in Michigan, assets vs. participants
- General Motors Retirement Savings Plan for Salaried Employees in the United States $23.1B · 43,053
- Ford Motor Co. Savings and Stock Investment Plan for Salaried Employees $17.3B · 31,790
- The Dow Chemical Company Employees' Savings Plan $10.8B · 17,128
- The General Motors Personal Savings Plan for Hourly-Rate Employees in the United States $9.6B · 42,513
- Ford Motor Co. Tax-Efficient Savings Plan for Hourly Employees $8.3B · 60,497
Similar-Sized 401(k) Plans Nationally
401(k) plans in other states closest to Summit Polymers, Inc. Employees' Profit Sharing Plan by total assets, not by location.
- Maxor National Pharmacy Services Company 401(k) Plan (TX) $117M · 1,024
- Zinpro Corporation 401(k) Profit Sharing Plan (MN) $117M · 376
- Stockman Financial Corp 401 (K) Plan (MT) $117M · 819
- Wd-40 Company Profit Sharing/401(k) Plan (CA) $117M · 248
Frequently Asked Questions
How did Summit Polymers, Inc. Employees' Profit Sharing Plan assets move in 2024? ▼
How have Summit Polymers, Inc. plan assets changed over time? ▼
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Filing takeaways
Ways to act on Summit Polymers, Inc. Employees' Profit Sharing Plan's numbers.
- By total assets, Summit Polymers, Inc. Employees' Profit Sharing Plan ranks in the top 10% of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar 401(k) plans in Michigan. Compare plans
- Summit Polymers, Inc.'s sponsor-wide assets have grown 32.9% since 2022 across 3 plan years on file. More Manufacturing plans