401(k) · DOL Form 5500 · 2024

Sumitomo Mitsui Banking Corporation 401(k) Plan

Data updated 2026-08-25

$765M
Total assets Above avg plan size
4,155
Participants Above avg headcount
98th
Percentile by assets National rank
$183,998
Avg per participant Above avg balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: Sumitomo Mitsui Banking Corporation 401(k) Plan · Sponsored by Sumitomo Mitsui Banking Corporation · New York · Finance & Insurance

$765M in assets, 4,155 participants

Sumitomo Mitsui Banking Corporation's Sumitomo Mitsui Banking Corporation 401(k) Plan reported $765M in total assets and 4,155 participants in its 2024 DOL Form 5500 filing, ranking in the 98th 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.

  • #8,245 in Finance & Insurance (8,549 peers)

Coverage in New York

Sumitomo Mitsui Banking Corporation 401(k) Plan covers 4,155 participants in New York, 5.2x the typical New York plan (state average ~798 per filing). Assets: $765M.

#8,245
in Finance & Insurance (8,549 peers)
+23.4%
assets growth YoY
7.7×
vs typical plan assets (national mean)

Sumitomo Mitsui Banking Corporation 401(k) Plan's outsized position by total assets

Sumitomo Mitsui Banking Corporation 401(k) Plan vs every filed plan by assets

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

$764,510,208 Top 2% higher than 98% of 123,620 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2024

Sumitomo Mitsui Banking Corporation 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 Mitsui Banking Corporation 401(k) Plan lands in the large band (4,155 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Sumitomo Mitsui Banking Corporation 401(k) Plan end-of-year assets rose from $620M in the plan year 2023 filing to $765M in the plan year 2024 filing.
  • Sumitomo Mitsui Banking Corporation 401(k) Plan reported participants rose from 3,721 in the plan year 2023 filing to 4,155 in the plan year 2024 filing.
  • Sumitomo Mitsui Banking Corporation 401(k) Plan reported net income fell from $147M in the plan year 2023 filing to $145M in the plan year 2024 filing.

See the national 2023→2024 release diff →

Published 5500 schedule card

Filing strip 135611820 · Sumitomo Mitsui Banking Corporation PY 2024 · 401(k)

Sumitomo Mitsui Banking Corporation 401(k) Plan · $765M · 4,155 · 98th

  • ASSETS $765M
  • ASSETS 4,155
  • ASSETS 98th
  • ASSETS 401(k)
  • ASSETS near Advantage 401(k) Savings Plan
  • ASSETS ind #8245

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 Finance & Insurance retirement plans → · Plans in New York →

Sumitomo Mitsui Banking Corporation 401(k) Plan in the asset neighbourhood

Lutron Retirement Plan$765MAdvantage 401(k) Savings Plan$765MSumitomo Mitsui Banking Corporation 401(k) PlanSumitomo Mitsui Banking Corp…$765MSelective Insurance Retirement Savings PlanSelective Insurance Retireme…$764MBessemer Trust Company 401(k) and Profit Sharing PlanBessemer Trust Company 401(k…$764M
End-of-year total assets ($M) among Sumitomo Mitsui Banking Corporation 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

New York filing particulars

Total Assets (Beginning of Year)$620M
Net Assets (End of Year)$765M
Net Income$145M
Employer EIN135611820
Plan Effective Date1991-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Sumitomo Mitsui Banking Corporation)

Sponsor-wide plan assets over time

All Sumitomo Mitsui Banking Corporation plans reported in each filing year

Latest sponsor-wide plan assets
$1.1B 54.68554403802152% vs 2022
2024 filing year
$0.6B$0.8B$1B$1.2B 202220232024 $0.72B $1.11B ▲ +54.2%
Year Plans Participants Total Assets
2022 2 5,480 $715M
2023 2 6,815 $901M
2024 2 7,891 $1.1B

Nearby 401(k) Plans in New York

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

Sumitomo Mitsui Banking Corporation 401(k) Plan vs. nearby 401(k) plans in New York, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 -20020406080 Total assets ($B) Participants Sumitomo Mitsui Banking Corporation 401(k) Plan, Total assets ($B): 0.764510208 · Participants: 4155Sumitomo Mitsui Banking Corporation 401(k) PlanIBM 401(k) Plan, Total assets ($B): 60.39355615 · Participants: 52674IBM 401(k) PlanMorgan Stanley 401(k) Plan, Total assets ($B): 22.180692974 · Participants: 53860Morgan Stanley 401(k) PlanPfizer Savings Plan, Total assets ($B): 21.9871528 · Participants: 33309Pfizer Savings PlanThe Pepsico Savings Plan, Total assets ($B): 14.9369507 · Participants: 137398The Pepsico Savings PlanThe Goldman Sachs 401(k) Plan, Total assets ($B): 12.807939404 · Participants: 23227The Goldman Sachs 401(k) Plan
Sumitomo Mitsui Banking Corporation 401(k) Plan vs. nearby 401(k) plans in New York, assets vs. participants
Compare Sumitomo Mitsui Banking Corporation 401(k) Plan side-by-side with 3 peers →

Sumitomo Mitsui Banking Corporation 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside New York, the nearest 401(k) by assets is Advantage 401(k) Savings Plan in MO ($765M); by covered participants it is Party City Holdings Inc. 401(k) Plan in NJ (4,156 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($765M here).

Similar participant headcount

Nearest other-state filings by covered participants (4,155 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.

Frequently Asked Questions

How did Sumitomo Mitsui Banking Corporation 401(k) Plan assets move in 2024? ▼
Sumitomo Mitsui Banking Corporation 401(k) Plan grew sharply - up 23.4% during 2024, from $620M to $765M. Reported net income was $145M.
How have Sumitomo Mitsui Banking Corporation plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Sumitomo Mitsui Banking Corporation's sponsor-wide assets grew 54.7%, from $715M to $1.1B.
Where does Sumitomo Mitsui Banking Corporation 401(k) Plan rank by assets among Form 5500 filers? ▼
Sumitomo Mitsui Banking Corporation 401(k) Plan ranks in the 98th percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (in the top 5% of all filed plans by assets).
Which 401(k) plans are similar in size to Sumitomo Mitsui Banking Corporation 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Advantage 401(k) Savings Plan in MO ($765M, 38,300 participants).
Which 401(k) plans cover a similar participant headcount to Sumitomo Mitsui Banking Corporation 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Party City Holdings Inc. 401(k) Plan in NJ (4,156 participants, $285M 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 135611820.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.