401(k) · DOL Form 5500 · 2024

Sumitomo Mitsui Banking Corporation 401(k) Plan

Data updated 2026-08-11

$765M
Total assets: 4,155
Participants: 98th
Percentile by assets: $183,998
Avg per participant

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.

98th percentile by assets (of 123,622 plans)
#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.

$765M
total plan assets (2024 EOY): 4,155
covered participants: 98th
percentile by assets (of 123,622 plans): $183,998
avg assets per participant

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 →

State

New York

Industry

Finance & Insurance

Participants vs New York filers

In New York, the average filing covers about 798 participants across 9,061 plans. Sumitomo Mitsui Banking Corporation 401(k) Plan reports 4,155 participants - 5.2x that state average ($765M EOY assets).

New York filing particulars

Total Assets (Beginning of Year)	$620M
Net Assets (End of Year)	$765M
Net Income	$145M
Employer EIN	135611820
Plan Effective Date	1991-01-01
Filing Status	FILING RECEIVED

Sponsor Plan History (Sumitomo Mitsui Banking Corporation)

Total plan assets by year, all Sumitomo Mitsui Banking Corporation plans on file

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

IBM 401(k) Plan $60.4B · 52,674
Morgan Stanley 401(k) Plan $22.2B · 53,860
Pfizer Savings Plan $22.0B · 33,309
The Pepsico Savings Plan $14.9B · 137,398
The Goldman Sachs 401(k) Plan $12.8B · 23,227

Compare Sumitomo Mitsui Banking Corporation 401(… side-by-side with 3 peers →

Similar-Sized 401(k) Plans Nationally

401(k) plans in other states closest to Sumitomo Mitsui Banking Corporation 401(k) Plan by total assets, not by location.

Advantage 401(k) Savings Plan (MO) $765M · 38,300
Lutron Retirement Plan (PA) $765M · 2,292
Selective Insurance Retirement Savings Plan (NJ) $764M · 2,687
Bessemer Trust Company 401(k) and Profit Sharing Plan (NJ) $764M · 1,206

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).

Next read for Sumitomo Mitsui Banking Corporation 401(…

Filing takeaways

Ways to act on Sumitomo Mitsui Banking Corporation 401(k) Plan's numbers.

By total assets, Sumitomo Mitsui Banking Corporation 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 401(k) plans in New York. Compare plans
Sumitomo Mitsui Banking Corporation's sponsor-wide assets have grown 54.7% since 2022 across 3 plan years on file. More Finance & Insurance 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 135611820.