401(k) · DOL Form 5500 · 2024
Summit Medical Group, PLLC 401(k) Plan
Data updated 2026-08-11
- $348M
- Total assets
- 1,601
- Participants
- 96th
- Percentile by assets
- $217,414
- Avg per participant
Official DOL plan name: Summit Medical Group, PLLC 401(k) Profit Sharing Plan · Sponsored by Summit Medical Group, PLLC · Tennessee · Healthcare & Social Assistance
$348M in assets, 1,601 participants
Summit Medical Group, PLLC's Summit Medical Group, PLLC 401(k) Profit Sharing Plan reported $348M in total assets and 1,601 participants in its 2024 DOL Form 5500 filing, ranking in the 96th 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.
- 96th percentile by assets (of 123,622 plans)
- #16,308 in Healthcare & Social Assistance (16,916 peers)
Where Summit Medical Group, PLLC 401(k) Profit Sharing Plan sits by assets
Summit Medical Group, PLLC 401(k) Profit Sharing Plan sits in the top 5% of all filed plans by assets, $348M for 1,601 participants (~$217,414/participant), up 18.6% in 2024.
- $348M
- total plan assets (2024 EOY)
- 1,601
- covered participants
- 96th
- percentile by assets (of 123,622 plans)
- $217,414
- avg assets per participant
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- Summit Medical Group, PLLC 401(k) Profit Sharing Plan end-of-year assets rose from $293M in the plan year 2023 filing to $348M in the plan year 2024 filing.
- Summit Medical Group, PLLC 401(k) Profit Sharing Plan reported net income rose from $48M in the plan year 2023 filing to $55M in the plan year 2024 filing.
- Summit Medical Group, PLLC 401(k) Profit Sharing Plan reported participants rose from 1,445 in the plan year 2023 filing to 1,601 in the plan year 2024 filing.
Summit Medical Group, PLLC 401(k) Profit Sharing Plan vs the 2024 asset distribution
By assets, Summit Medical Group, PLLC 401(k) Profit Sharing Plan outranks 96% of the 123,622 plans that filed a Form 5500 for the 2024 plan year, and holds roughly 3.5x the national average plan size of $100M (721 average participants).
Scale-class filing particulars (2024)
| Total Assets (Beginning of Year) | $293M |
|---|---|
| Net Assets (End of Year) | $348M |
| Net Income | $55M |
| Employer EIN | 621585063 |
| Plan Effective Date | 1995-02-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Summit Medical Group, PLLC)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 1,335 | $246M |
| 2023 | 1 | 1,445 | $293M |
| 2024 | 1 | 1,601 | $348M |
Nearby 401(k) Plans in Tennessee
Peer 401(k) plans, same state, same plan type, ranked by total assets.
Summit Medical Group, PLLC 401(k) Profit Sharing Plan vs. nearby 401(k) plans in Tennessee, assets vs. participants
- Fedex Corporation Retirement Savings Plan $25.4B · 113,079
- Hca 401(k) Plan $23.8B · 307,086
- Federal Express Corporation Pilots Retirement Savings Plan $5.3B · 5,830
- International Paper Company Salaried Savings Plan $5.0B · 12,564
- Chs/Community Health Systems, Inc. Retirement Savings Plan $4.8B · 59,441
Similar-Sized 401(k) Plans Nationally
401(k) plans in other states closest to Summit Medical Group, PLLC 401(k) Profit Sharing Plan by total assets, not by location.
- Eversana 401(k) Plan (KS) $348M · 3,405
- C1 401(k) Plan (MN) $348M · 2,155
- Utica Mutual Insurance Company Employee Profit Sharing and Investment Plan (NY) $348M · 1,407
- Chamberlain 401(k) Plan (IL) $348M · 1,362
Frequently Asked Questions
How did Summit Medical Group, PLLC 401(k) Profit Sharing Plan assets move in 2024? ▼
How have Summit Medical Group, PLLC plan assets changed over time? ▼
Where does Summit Medical Group, PLLC 401(k) Profit Sharing Plan rank by assets among Form 5500 filers? ▼
Which 401(k) plans are similar in size to Summit Medical Group, PLLC 401(k) Profit Sharing Plan? ▼
Next read for Summit Medical Group, PLLC 401(k) Profit…
Scale reading
Ways to act on Summit Medical Group, PLLC 401(k) Profit Sharing Plan's numbers.
- By total assets, Summit Medical Group, PLLC 401(k) Profit Sharing 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 Tennessee. Compare plans
- Summit Medical Group, PLLC's sponsor-wide assets have grown 41.5% since 2022 across 3 plan years on file. More Healthcare & Social Assistance plans