401(k) · DOL Form 5500 · 2024

Summit Medical, LLC. 401(k) Plan

Data updated 2026-08-25

$9M
Total assets Small plan by assets: 137
Participants Small participant base: 52nd
Percentile by assets National rank: $62,311
Avg per participant Low balance/head

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Official DOL plan name: Innovia Medical 401(k) Plan · Sponsored by Summit Medical, LLC. · Minnesota · Manufacturing

$9M in assets, 137 participants

Summit Medical, LLC.'s Innovia Medical 401(k) Plan reported $9M in total assets and 137 participants in its 2024 DOL Form 5500 filing, ranking in the 52nd 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.

#6,624 in Manufacturing (17,777 peers)

Coverage in Minnesota

Innovia Medical 401(k) Plan covers 137 participants in Minnesota, about 12% of the average Minnesota filer (state average ~1,126 per filing). Assets: $9M.

#6,624
in Manufacturing (17,777 peers): +7.8%
assets growth YoY

Innovia Medical 401(k) Plan's mid-pack asset rank among Manufacturing and all filers

Innovia Medical 401(k) Plan vs every filed plan by assets

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

$8,536,590 Top 48% higher than 52% 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

Innovia Medical 401(k) 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. Innovia Medical 401(k) Plan sits mid-pack in the medium band (137 participants).

Micro (1-10) 33,766 filings (27%) Small (11-100) 26,107 filings (21%) Medium (101-1,000) 54,251 filings (43%) Large (1,001-10,000) 10,349 filings (8%) Mega (10,000+) 1,399 filings (1%)

Innovia Medical 401(k) Plan reported net income fell from $1M in the plan year 2023 filing to $614K in the plan year 2024 filing.
Innovia Medical 401(k) Plan reported participants rose from 126 in the plan year 2023 filing to 137 in the plan year 2024 filing.
Innovia Medical 401(k) Plan end-of-year assets rose from $8M in the plan year 2023 filing to $9M in the plan year 2024 filing.

See the national 2023→2024 release diff →

Plan-year Form 5500 strip

Filing strip 273648857 · Summit Medical, LLC. PY 2024 · 401(k)

Innovia Medical 401(k) Plan · $9M · 137 · 52nd

PART $9M
TYPE 137
NET 52nd
BOOK 401(k)
VS-ST near The Ksi 401(k) Savings Plan
BOY ind #6624

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 Manufacturing retirement plans → · Plans in Minnesota →

End-of-year total assets ($M) among Innovia Medical 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Minnesota filing particulars

Total Assets (Beginning of Year)	$8M
Net Assets (End of Year)	$9M
Net Income	$614K
Employer EIN	273648857
Plan Effective Date	1994-05-01
Filing Status	FILING RECEIVED

Sponsor Plan History (Summit Medical, LLC.)

Latest sponsor-wide plan assets: $9M 31.11063738158084% vs 2022; 2024 filing year

Year	Plans	Participants	Total Assets
2022	1	125	$7M
2023	1	126	$8M
2024	1	137	$9M

Nearby 401(k) Plans in Minnesota

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

Innovia Medical 401(k) Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants

Wells Fargo & Company 401(k) Plan $57.9B · 179,076
Unitedhealth Group 401(k) Savings Plan $26.6B · 205,460
Target Corporation 401(k) Plan $14.4B · 409,649
Medtronic Savings and Investment Plan $13.7B · 38,480
U.S. Bank 401(k) Savings Plan $11.4B · 73,109

Compare Innovia Medical 401(k) Plan side-by-side with 3 peers →

Innovia Medical 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside Minnesota, the nearest 401(k) by assets is The Ksi 401(k) Savings Plan in NJ ($9M); by covered participants it is Ims Logistics 401(k) Employee Retirement Plan in MS (137 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($9M here).

The Ksi 401(k) Savings Plan (NJ) $9M · 630
Bolin Enterprises, Inc. 401(k) Profit Sharing Plan (IL) $9M · 180
Industrial Electrical Company 401(k) and Profit Sharing Plan (CA) $9M · 233
American House 401(k) Plan (MI) $9M · 1,961

Similar participant headcount

Nearest other-state filings by covered participants (137 participants); asset peers above are excluded.

Ims Logistics 401(k) Employee Retirement Plan (MS) 137 · 0 off
Johnstone Supply of Detroit 401(k) Plan (MI) 137 · 0 off
Maval Industries, LLC 401(k) Plan (OH) 137 · 0 off
Am Pierce & Associates 401(k) Plan (MD) 137 · 0 off

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 Innovia Medical 401(k) Plan assets move in 2024? ▼

Innovia Medical 401(k) Plan grew at a solid clip - up 7.8% during 2024, from $8M to $9M. Reported net income was $614K.

How have Summit Medical, LLC. plan assets changed over time? ▼

Across 3 plan years on file (2022-2024), Summit Medical, LLC.'s sponsor-wide assets grew 31.1%, from $7M to $9M.

Which 401(k) plans are similar in size to Innovia Medical 401(k) Plan? ▼

Among 401(k) plans in other states, the closest by assets is The Ksi 401(k) Savings Plan in NJ ($9M, 630 participants).

Which 401(k) plans cover a similar participant headcount to Innovia Medical 401(k) Plan? ▼

Among 401(k) plans in other states, the closest by covered participants is Ims Logistics 401(k) Employee Retirement Plan in MS (137 participants, $930K 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 273648857.