401(k) · DOL Form 5500 · 2024
Sumitomo Machinery Corporation of America 401(k) Plan
Data updated 2026-08-25
- $70M
- Total assets Below avg plan size
- 507
- Participants Below avg headcount
- 88th
- Percentile by assets National rank
- $138,933
- Avg per participant Near avg balance/head
Official DOL plan name: Sumitomo Machinery Corporation of America Savings and Investment Plan · Sponsored by Sumitomo Machinery Corporation of America · Virginia · Manufacturing
$70M in assets, 507 participants
Sumitomo Machinery Corporation of America's Sumitomo Machinery Corporation of America Savings and Investment Plan reported $70M in total assets and 507 participants in its 2024 DOL Form 5500 filing, ranking in the 88th 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.
- #14,578 in Manufacturing (17,777 peers)
Where Sumitomo Machinery Corporation of America Savings and Investment Plan sits by assets
Sumitomo Machinery Corporation of America Savings and Investment Plan sits in the top quartile of all filed plans by assets, $70M for 507 participants (~$138,933/participant), up 11.0% in 2024.
- #14,578
- in Manufacturing (17,777 peers)
- +11.0%
- assets growth YoY
- 0.7×
- vs typical plan assets (national mean)
Sumitomo Machinery Corporation of America Savings and Investment Plan's outsized position by total assets
Sumitomo Machinery Corporation of America Savings and Investment Plan vs every filed plan by assets
End-of-year total assets · plan year 2024 · DOL Form 5500
$70,438,967 Top 12% higher than 88% 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
Sumitomo Machinery Corporation of America Savings and Investment 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. Sumitomo Machinery Corporation of America Savings and Investment Plan sits mid-pack in the medium band (507 participants).
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- Sumitomo Machinery Corporation of America Savings and Investment Plan reported net income fell from $8M in the plan year 2023 filing to $7M in the plan year 2024 filing.
- Sumitomo Machinery Corporation of America Savings and Investment Plan end-of-year assets rose from $63M in the plan year 2023 filing to $70M in the plan year 2024 filing.
- Sumitomo Machinery Corporation of America Savings and Investment Plan reported participants rose from 481 in the plan year 2023 filing to 507 in the plan year 2024 filing.
DOL schedule card
Filing strip 221815055 · Sumitomo Machinery Corporation of America PY 2024 · 401(k)
Sumitomo Machinery Corporation of America Savings and Investment Plan · $70M · 507 · 88th
- EBSA $70M
- PART 507
- TYPE 88th
- NET 401(k)
- BOOK near Purity Cylinder Gases, Inc. Profit Sharing and 401(k) Plan
- VS-ST ind #14578
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 Virginia →
Sumitomo Machinery Corporation of America Savings and Investment Plan in the asset neighbourhood
Scale-class filing particulars (2024)
| Total Assets (Beginning of Year) | $63M |
|---|---|
| Net Assets (End of Year) | $70M |
| Net Income | $7M |
| Employer EIN | 221815055 |
| Plan Effective Date | 1979-04-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Sumitomo Machinery Corporation of America)
Sponsor-wide plan assets over time
All Sumitomo Machinery Corporation of America plans reported in each filing year
- Latest sponsor-wide plan assets
- $126M 15.839184565676904% vs 2022
- 2024 filing year
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 2 | 850 | $109M |
| 2023 | 2 | 852 | $119M |
| 2024 | 2 | 832 | $126M |
Nearby 401(k) Plans in Virginia
Peer 401(k) plans, same state, same plan type, ranked by total assets.
- Northrop Grumman Savings Plan $39.5B · 104,719
- 401(k) Pension Plan $16.8B · 62,869
- General Dynamics Corporation 401(k) Plan 6.0 $12.4B · 49,414
- Capital One Financial Corporation Associate Savings Plan $12.0B · 44,933
- Leidos, Inc. Retirement Plan $11.8B · 29,734
Sumitomo Machinery Corporation of America Savings and Investment Plan's out-of-state 401(k) peers by assets and headcount
Outside Virginia, the nearest 401(k) by assets is Purity Cylinder Gases, Inc. Profit Sharing and 401(k) Plan in MI ($70M); by covered participants it is Eldeco, Inc. 401(k) Profit Sharing Plan & Trust in SC (507 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($70M here).
Similar participant headcount
Nearest other-state filings by covered participants (507 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.