401(k) · DOL Form 5500 · 2024

Sfp Holding, Inc. 401(k) Plan

Data updated 2026-08-11

$166M
Total assets
4,246
Participants
93rd
Percentile by assets
$39,061
Avg per participant
PlainRetire home → About this data

Official DOL plan name: Summit Companies 401(k) Profit Sharing Plan · Sponsored by Sfp Holding, Inc. · Minnesota · Construction

$166M in assets, 4,246 participants

Sfp Holding, Inc.'s Summit Companies 401(k) Profit Sharing Plan reported $166M in total assets and 4,246 participants in its 2024 DOL Form 5500 filing, ranking in the 93rd 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.

  • 93rd percentile by assets (of 123,622 plans)
  • #8,336 in Construction (9,039 peers)

Coverage in Minnesota

Summit Companies 401(k) Profit Sharing Plan covers 4,246 participants in Minnesota, 3.8x the typical Minnesota plan (state average ~1,126 per filing). Assets: $166M.

$166M
total plan assets (2024 EOY)
4,246
covered participants
93rd
percentile by assets (of 123,622 plans)
$39,061
avg assets per participant

Where Summit Companies 401(k) Profit Sharing Plan sits by total assets

Summit Companies 401(k) Profit Sharing Plan vs every filed plan by assets

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

$165,854,762 Top 7% higher than 93% of 123,620 filed plans

This plan $0 $2,010,000,000 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

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Summit Companies 401(k) Profit Sharing Plan end-of-year assets rose from $129M in the plan year 2023 filing to $166M in the plan year 2024 filing.
  • Summit Companies 401(k) Profit Sharing Plan reported participants rose from 3,993 in the plan year 2023 filing to 4,246 in the plan year 2024 filing.
  • Summit Companies 401(k) Profit Sharing Plan reported net income rose from $35M in the plan year 2023 filing to $37M in the plan year 2024 filing.

See the national 2023→2024 release diff →

State
Minnesota
Industry
Construction

Participants vs Minnesota filers

In Minnesota, the average filing covers about 1,126 participants across 2,865 plans. Summit Companies 401(k) Profit Sharing Plan reports 4,246 participants - 3.8x that state average ($166M EOY assets).

Minnesota filing particulars

Total Assets (Beginning of Year)$129M
Net Assets (End of Year)$166M
Net Income$37M
Employer EIN205225425
Plan Effective Date1999-04-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Sfp Holding, Inc.)

$0M$50M$100M$150M$200M 202220232024 $46M $166M ▲ +260.3%
Total plan assets by year, all Sfp Holding, Inc. plans on file
Year Plans Participants Total Assets
2022 1 2,091 $46M
2023 1 3,993 $129M
2024 1 4,246 $166M

Nearby 401(k) Plans in Minnesota

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

Summit Companies 401(k) Profit Sharing Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants

Summit Companies 401(k) Profit Sharing Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000400000500000 -20020406080 Total assets ($B) Participants Summit Companies 401…Wells Fargo & Compan…Unitedhealth Group 4…Target Corporation 4…Medtronic Savings an…U.S. Bank 401(k) Sav…
Summit Companies 401(k) Profit Sharing Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants
Compare Summit Companies 401(k) Profit Sharing P… side-by-side with 3 peers →

Similar-Sized 401(k) Plans Nationally

401(k) plans in other states closest to Summit Companies 401(k) Profit Sharing Plan by total assets, not by location.

Frequently Asked Questions

How did Summit Companies 401(k) Profit Sharing Plan assets move in 2024? ▼
Summit Companies 401(k) Profit Sharing Plan grew sharply - up 28.3% during 2024, from $129M to $166M. Reported net income was $37M.
How have Sfp Holding, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Sfp Holding, Inc.'s sponsor-wide assets grew 260.3%, from $46M to $166M.
Where does Summit Companies 401(k) Profit Sharing Plan rank by assets among Form 5500 filers? ▼
Summit Companies 401(k) Profit Sharing Plan ranks in the 93rd percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (in the top 10% of all filed plans by assets).
Which 401(k) plans are similar in size to Summit Companies 401(k) Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by assets is Enervest Employee Services, LLC 401(k) Savings Plan in TX ($166M, 329 participants).

Next read for Summit Companies 401(k) Profit Sharing P…

Filing takeaways

Ways to act on Summit Companies 401(k) Profit Sharing Plan's numbers.

  • By total assets, Summit Companies 401(k) Profit Sharing Plan ranks in the top 10% of all filed plans by assets. See the largest plans
  • Compare it side-by-side against 3 similar 401(k) plans in Minnesota. Compare plans
  • Sfp Holding, Inc.'s sponsor-wide assets have grown 260.3% since 2022 across 3 plan years on file. More Construction 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 205225425.

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.