Profit Sharing · DOL Form 5500 · 2024
Sumitomo Electric U.S.a Holdings, Inc. Profit Sharing Plan
Data updated 2026-08-25
- $246M
- Total assets Near avg plan size
- 1,181
- Participants Near avg headcount
- 95th
- Percentile by assets National rank
- $208,352
- Avg per participant Above avg balance/head
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.
- #16,417 in Manufacturing (17,777 peers)
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.
- #16,417
- in Manufacturing (17,777 peers)
- +38.3%
- assets growth YoY
- 2.5×
- vs typical plan assets (national mean)
Sumitomo Electric Group 401(k) Plan's outsized position by total assets
Sumitomo Electric Group 401(k) Plan vs every filed plan by assets
End-of-year total assets · plan year 2024 · DOL Form 5500
$246,064,152 Top 5% higher than 95% 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 Electric Group 401(k) Plan's large-plan peer group by participant headcount
Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Sumitomo Electric Group 401(k) Plan lands in the large band (1,181 participants).
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.
DOL schedule card
Filing strip 561646307 · Sumitomo Electric U.S.a Holdings, Inc. PY 2024 · Profit Sharing
Sumitomo Electric Group 401(k) Plan · $246M · 1,181 · 95th
- BOOK $246M
- BOOK 1,181
- BOOK 95th
- BOOK Profit Sharing
- BOOK near Amplify Hr Management Retirement Savings Plan
- BOOK ind #16417
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 New York →
Sumitomo Electric Group 401(k) Plan in the asset neighbourhood
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.)
Sponsor-wide plan assets over time
All Sumitomo Electric U.S.a Holdings, Inc. plans reported in each filing year
- Latest sponsor-wide plan assets
- $246M 55.634340535625334% vs 2022
- 2024 filing year
| 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.
- Annuity Plan of the Electrical Industry $2.3B · 18,200
- 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
Sumitomo Electric Group 401(k) Plan's out-of-state Profit Sharing peers by assets and headcount
Outside New York, the nearest Profit Sharing by assets is Amplify Hr Management Retirement Savings Plan in IL ($244M); by covered participants it is West Monroe Partners, Inc. Frozen Capital Accumulation Plan in IL (1,180 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($246M here).
- 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
Similar participant headcount
Nearest other-state filings by covered participants (1,181 participants); asset peers above are excluded.
- West Monroe Partners, Inc. Frozen Capital Accumulation Plan (IL) 1,180 · 1 off
- Northern Ohio Laborers' Profit Sharing Annuity Plan (OH) 1,180 · 1 off
- Sun Behavioral Health, Inc. 401(k) Plan (NJ) 1,178 · 3 off
- Alivia Care, Inc. 403(b) Retirement Plan (FL) 1,192 · 11 off
DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.