401(k) · DOL Form 5500 · 2024

Burke & Herbert Finanical Services Corp. 401(k) Plan

Data updated 2026-08-25

$46M
Total assets Below avg plan size
494
Participants Below avg headcount
83rd
Percentile by assets National rank
$93,256
Avg per participant Below avg balance/head
PlainRetire home → About this data

Official DOL plan name: Summit Financial Group, Inc. Defined Contribution Plan · Sponsored by Burke & Herbert Finanical Services Corp. · West Virginia · Management of Enterprises

$46M in assets, 494 participants

Burke & Herbert Finanical Services Corp.'s Summit Financial Group, Inc. Defined Contribution Plan reported $46M in total assets and 494 participants in its 2024 DOL Form 5500 filing, ranking in the 83rd 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.

  • #750 in Management of Enterprises (1,133 peers)

Where Summit Financial Group, Inc. Defined Contribution Plan sits by assets

Summit Financial Group, Inc. Defined Contribution Plan sits in the top quartile of all filed plans by assets, $46M for 494 participants (~$93,256/participant), up 7.2% in 2024.

#750
in Management of Enterprises (1,133 peers)
+7.2%
assets growth YoY
0.5×
vs typical plan assets (national mean)

Summit Financial Group, Inc. Defined Contribution Plan's outsized position by total assets

Summit Financial Group, Inc. Defined Contribution Plan vs every filed plan by assets

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

$46,068,302 Top 17% higher than 83% 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

Summit Financial Group, Inc. Defined Contribution Plan among mid-size filed plans by headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Summit Financial Group, Inc. Defined Contribution Plan sits mid-pack in the medium band (494 participants).

Form 5500 schedule snapshot

Filing strip 920289417 · Burke & Herbert Finanical Services Corp. PY 2024 · 401(k)

Summit Financial Group, Inc. Defined Contribution Plan · $46M · 494 · 83rd

  • ASSETS $46M
  • ASSETS 494
  • ASSETS 83rd
  • ASSETS 401(k)
  • ASSETS near Quaker Window Products Co. 401(k) Profit Sharing Plan & Trust
  • ASSETS ind #750

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 Management of Enterprises retirement plans → · Plans in West Virginia →

Summit Financial Group, Inc. Defined Contribution Plan in the asset neighbourhood

Summit Financial Group, Inc. Defined Contribution PlanSummit Financial Group, Inc.…$46MQuaker Window Products Co. 401(k) Profit Sharing Plan & TrustQuaker Window Products Co. 4…$46MAuto-Chlor Services Employees Savings PlanAuto-Chlor Services Employee…$46MNational Cattlemen's Beef Association Savings PlanNational Cattlemen's Beef As…$46MStupp Bros., Inc. 401(k) and Employee Thrift PlanStupp Bros., Inc. 401(k) and…$46M
End-of-year total assets ($M) among Summit Financial Group, Inc. Defined Contribution Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Scale-class filing particulars (2024)

Total Assets (Beginning of Year)$43M
Net Assets (End of Year)$46M
Net Income$3M
Employer EIN920289417
Plan Effective Date1974-12-31
Filing StatusFILING RECEIVED

Nearby 401(k) Plans in West Virginia

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

Summit Financial Group, Inc. Defined Contribution Plan vs. nearby 401(k) plans in West Virginia, assets vs. participants Scatter plot of 6 data points. -200002000400060008000 -0.500.511.5 Total assets ($B) Participants Summit Financial Group, Inc. Defined Contribution Plan, Total assets ($B): 0.046068302 · Participants: 494Summit Financial Group, Inc. Defined Contribution PlanOrrick, Herrington & Sutcliffe LLP Retirement Plan, Total assets ($B): 1.177090773 · Participants: 1845Orrick, Herrington & Sutcliffe LLP Retirement PlanVandalia Health System 401(k) Retirement Savings P, Total assets ($B): 0.852839622 · Participants: 0Vandalia Health System 401(k) Retirement Savings PAmerican Public Education Retirement Plan, Total assets ($B): 0.303164024 · Participants: 5717American Public Education Retirement PlanWest Virginia University Health System 401(k) Plan, Total assets ($B): 0.255427542 · Participants: 4549West Virginia University Health System 401(k) PlanUnited Bankshares, Inc. Savings and Stock Investment Plan, Total assets ($B): 0.2487143 · Participants: 2561United Bankshares, Inc. Savings and Stock Investment Plan
Summit Financial Group, Inc. Defined Contribution Plan vs. nearby 401(k) plans in West Virginia, assets vs. participants
Compare Summit Financial Group, Inc. Defined Contribution Plan side-by-side with 3 peers →

Summit Financial Group, Inc. Defined Contribution Plan's out-of-state 401(k) peers by assets and headcount

Outside West Virginia, the nearest 401(k) by assets is Quaker Window Products Co. 401(k) Profit Sharing Plan & Trust in MO ($46M); by covered participants it is University Physicians of Brooklyn, Inc. Incentive Savings Trust in NY (494 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (494 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 Summit Financial Group, Inc. Defined Contribution Plan assets move in 2024? ▼
Summit Financial Group, Inc. Defined Contribution Plan grew at a solid clip - up 7.2% during 2024, from $43M to $46M. Reported net income was $3M.
Where does Summit Financial Group, Inc. Defined Contribution Plan rank by assets among Form 5500 filers? ▼
Summit Financial Group, Inc. Defined Contribution Plan ranks in the 83rd percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (in the top quartile of all filed plans by assets).
Which 401(k) plans are similar in size to Summit Financial Group, Inc. Defined Contribution Plan? ▼
Among 401(k) plans in other states, the closest by assets is Quaker Window Products Co. 401(k) Profit Sharing Plan & Trust in MO ($46M, 1,179 participants).
Which 401(k) plans cover a similar participant headcount to Summit Financial Group, Inc. Defined Contribution Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is University Physicians of Brooklyn, Inc. Incentive Savings Trust in NY (494 participants, $40M 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 920289417.

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.