Profit Sharing · DOL Form 5500 · 2024
Sumitomo Electric U.S.a Holdings, Inc. Profit Sharing Plan
Data updated 2026-07-24
- $246M
- Total assets
- 1,181
- Participants
- 95th
- Percentile by assets
- $208,352
- Avg per participant
Official DOL plan name: Sumitomo Electric Group 401(k) Plan · Sponsored by Sumitomo Electric U.S.a Holdings, Inc. · New York · Manufacturing
$246M in assets, 1,181 participants
Sumitomo Electric U.S.a Holdings, Inc.'s Sumitomo Electric Group 401(k) Plan reported $246M in total assets and 1,181 participants in its 2024 DOL Form 5500 filing, ranking in the 95th 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.
- 95th percentile by assets (of 116,472 plans)
Where Sumitomo Electric Group 401(k) Plan sits by assets
Sumitomo Electric Group 401(k) Plan sits in the top 5% of all filed plans by assets, $246M for 1,181 participants (~$208,352/participant), up 38.3% in 2024.
- $246M
- total plan assets (2024 EOY)
- 1,181
- covered participants
- 95th
- percentile by assets (of 116,472 plans)
- $208,352
- avg assets per participant
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- Sumitomo Electric Group 401(k) Plan end-of-year assets rose from $178M in the plan year 2023 filing to $246M in the plan year 2024 filing.
- Sumitomo Electric Group 401(k) Plan reported net income fell from $20M in the plan year 2023 filing to $13M in the plan year 2024 filing.
- Sumitomo Electric Group 401(k) Plan reported participants rose from 1,122 in the plan year 2023 filing to 1,181 in the plan year 2024 filing.
Sumitomo Electric Group 401(k) Plan vs the 2024 asset distribution
By assets, Sumitomo Electric Group 401(k) Plan outranks 95% of the 116,472 plans that filed a Form 5500 for the 2024 plan year, and holds roughly 2.5x the national average plan size of $100M (730 average participants).
Scale-class filing particulars (2024)
| Total Assets (Beginning of Year) | $178M |
|---|---|
| Net Assets (End of Year) | $246M |
| Net Income | $13M |
| Employer EIN | 561646307 |
| Plan Effective Date | 1983-07-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Sumitomo Electric U.S.a Holdings, Inc.)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 1,320 | $158M |
| 2023 | 1 | 1,122 | $178M |
| 2024 | 1 | 1,181 | $246M |
Nearby Profit Sharing Plans in New York
Peer Profit Sharing plans, same state, same plan type, ranked by total assets.
Sumitomo Electric Group 401(k) Plan vs. nearby Profit Sharing plans in New York, assets vs. participants
- Annuity Fund Iuoe Local 15, 15a, 15c, 15d AFL-CIO $2.1B · 3,278
- Annuity Fd of the Iuoe Local Union 94, 94a, 94b AFL-CIO $1.8B · 5,817
- The Research Foundation for the State University of New York Retirement Plan $1.3B · 9,758
- Rochester Regional Health 403(b) Defined Contribution Plan $987M · 15,432
- Mason Tenders District Council Annuity Fund $944M · 11,824
Similar-Sized Profit Sharing Plans Nationally
Profit Sharing plans in other states closest to Sumitomo Electric Group 401(k) Plan by total assets, not by location.
- Amplify Hr Management Retirement Savings Plan (IL) $244M · 3,714
- Enloe Medical Center Defined Contribution Retirement Plan (CA) $244M · 3,295
- The Employer Retirement Savings Plan - Premier Health Partners (OH) $244M · 12,736
- New Jersey Building Laborers Statewide Annuity Fund (NJ) $248M · 7,247
Frequently Asked Questions
How did Sumitomo Electric Group 401(k) Plan assets move in 2024? ▼
How have Sumitomo Electric U.S.a Holdings, Inc. plan assets changed over time? ▼
Where does Sumitomo Electric Group 401(k) Plan rank by assets among Form 5500 filers? ▼
Which Profit Sharing plans are similar in size to Sumitomo Electric Group 401(k) Plan? ▼
Next read for Sumitomo Electric Group 401(k) Plan
Scale reading
Ways to act on Sumitomo Electric Group 401(k) Plan's numbers.
- By total assets, Sumitomo Electric Group 401(k) Plan ranks in the top 5% of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar Profit Sharing plans in New York. Compare plans
- Sumitomo Electric U.S.a Holdings, Inc.'s sponsor-wide assets have grown 55.6% since 2022 across 3 plan years on file. More Manufacturing plans
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 561646307.
Read our methodology - how this data is sourced, computed, and verified.