Profit Sharing · DOL Form 5500 · 2024
Summit Broadband 401(k) Plan
Data updated 2026-05-15
- $11M
- Total assets
- 296
- Participants
- 57th
- Percentile by assets
- $35,919
- Avg per participant
Sponsored by Orlando Telephone Company Inc. Dba Summit Broadband · Florida · Information & Media
What the 2024 filing shows
Summit Broadband 401(k) Plan holds $11M for 296 participants - about $35,919 per participant, above the median plan by assets, up 8.1% over the 2024 plan year.
- $11M
- total plan assets (2024 EOY)
- 296
- covered participants
- 57th
- percentile by assets (of 116,472 plans)
- $35,919
- avg assets per participant
Profit Sharing · DOL Form 5500 · 2024
What the Filing Says About Summit Broadband 401(k) Plan
Summit Broadband 401(k) Plan is a Profit Sharing retirement plan sponsored by Orlando Telephone Company Inc. Dba Summit Broadband, headquartered in Florida. According to the U.S. Department of Labor's 2024 Form 5500 filing, the plan reports $11M in total end-of-year assets and covers 296 participants across the Information & Media industry. The sponsor's EIN on file with the U.S. Department of Labor is 593439599, and the plan has been effective since 2023-10-12. Its filing status is currently FILING RECEIVED.
Year over year, total assets grew at a solid clip from $10M at the beginning of 2024 to $11M at year-end - up 8.1%. Net assets (after liabilities) closed the year at $11M, with reported net income of $797K driven by investment returns, contributions received, and benefit payments during the period. These figures reflect what the plan administrator certified on Schedule H or Schedule I of the Form 5500 annual return and can be compared against 1 prior plan-year filing from the same sponsor shown below.
Across the 2 plan years Orlando Telephone Company Inc. Dba Summit Broadband has on file with PlainRetire (2023-2024), sponsor-wide plan assets have moved from $10M to $11M, a gain of 8.1%, while reported participants moved from 258 to 296 (+14.7%). Year-by-year, sponsor-wide filings show: 2023 - $10M in assets across 1 plan covering 258 participants; 2024 - $11M in assets across 1 plan covering 296 participants.
Asset totals and participant counts reflect a single plan year snapshot and can change materially with market conditions, plan mergers, or workforce changes. Fields such as "net income" include both realized investment performance and contribution/distribution flows, a single-year figure does not by itself indicate plan health or participant outcomes. This page summarizes public DOL disclosures for research and educational purposes only and is not retirement, tax, legal, or financial advice. Before making decisions about your own retirement benefits or evaluating an employer's plan, verify the underlying filing directly via the DOL EFAST2 system and consult a qualified professional.
How the percentile is calculated: we count every plan that filed a 2024 Form 5500 with a reported end-of-year asset figure (116,472 plans), rank Summit Broadband 401(k) Plan against all of them by total assets, and report the share of those plans it outranks. A plan reporting no asset figure for the year is excluded from the ranking rather than assumed to be zero.
Financial Summary (2024)
| Total Assets (Beginning of Year) | $10M |
|---|---|
| Total Assets (End of Year) | $11M |
| Net Assets (End of Year) | $11M |
| Net Income | $797K |
| Plan Type | Profit Sharing |
| Employer EIN | 593439599 |
| Plan Effective Date | 2023-10-12 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Orlando Telephone Company Inc. Dba Summit Broadband)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2023 | 1 | 258 | $10M |
| 2024 | 1 | 296 | $11M |
Nearby Profit Sharing Plans in Florida
Peer Profit Sharing plans, same state, same plan type, ranked by total assets.
- Baptist Health South Florida, Inc. 403(b) Employee Retirement Plan $2.7B · 26,141
- University of Miami Retirement Savings Plan $2.1B · 12,711
- Orlando Health Retirement Savings Plan 403b $1.9B · 27,987
- Brown & Brown, Inc Employee Savings Plan $1.8B · 12,055
- Citrix Systems, Inc. 401(k) Plan $1.6B · 1,953
Frequently Asked Questions
How much money is in the Summit Broadband 401(k) Plan? ▼
What type of plan is Summit Broadband 401(k) Plan? ▼
Who sponsors the Summit Broadband 401(k) Plan? ▼
How did Summit Broadband 401(k) Plan perform in 2024? ▼
What this filing means
Ways to act on Summit Broadband 401(k) Plan's numbers.
- By total assets, Summit Broadband 401(k) Plan ranks above the median plan by assets. See the largest plans
- Compare it side-by-side against 3 similar Profit Sharing plans in Florida. Compare plans
- Orlando Telephone Company Inc. Dba Summit Broadband's sponsor-wide assets have grown 8.1% since 2023 across 2 plan years on file. More Information & Media plans
- A Profit Sharing plan works differently from other retirement plan types, understand the structural differences before comparing. Compare plan types
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 593439599.
Reference: IRS Publication 560, Retirement Plans for Small Business, contribution-limit rules.
Reference: IRS Publication 590-B, Distributions from IRAs, RMD rules under SECURE Act 2.0.
Read our methodology - how this data is sourced, computed, and verified.
Every figure on PlainRetire is rendered directly from the Department of Labor's Form 5500 annual return filings, no number is typed in by an editor. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error. Data current as of 2026-05-15.