401(k) · DOL Form 5500 · 2024

Summit Medical Group, PLLC 401(k) Plan

Data updated 2026-08-25

$348M
Total assets Above avg plan size
1,601
Participants Near avg headcount
96th
Percentile by assets National rank
$217,414
Avg per participant Above avg balance/head
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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.

  • #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.

#16,308
in Healthcare & Social Assistance (16,916 peers)
+18.6%
assets growth YoY
3.5×
vs typical plan assets (national mean)

Summit Medical Group, PLLC 401(k) Profit Sharing Plan's outsized position by total assets

Summit Medical Group, PLLC 401(k) Profit Sharing Plan vs every filed plan by assets

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

$348,079,110 Top 4% higher than 96% 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 Medical Group, PLLC 401(k) Profit Sharing Plan's large-plan peer group by participant headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Summit Medical Group, PLLC 401(k) Profit Sharing Plan lands in the large band (1,601 participants).

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.

See the national 2023→2024 release diff →

Published 5500 schedule card

Filing strip 621585063 · Summit Medical Group, PLLC PY 2024 · 401(k)

Summit Medical Group, PLLC 401(k) Profit Sharing Plan · $348M · 1,601 · 96th

  • EIN $348M
  • RANK 1,601
  • PHOTO 96th
  • IND 401(k)
  • EOY near Eversana 401(k) Plan
  • 5500 ind #16308

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 Healthcare & Social Assistance retirement plans → · Plans in Tennessee →

Summit Medical Group, PLLC 401(k) Profit Sharing Plan in the asset neighbourhood

Chamberlain 401(k) Plan$348MEversana 401(k) Plan$348MC1 401(k) Plan$348MSummit Medical Group, PLLC 401(k) Profit Sharing PlanSummit Medical Group, PLLC 4…$348MUtica Mutual Insurance Company Employee Profit Sharing and Investment PlanUtica Mutual Insurance Compa…$348M
End-of-year total assets ($M) among Summit Medical Group, PLLC 401(k) Profit Sharing Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Scale-class filing particulars (2024)

Total Assets (Beginning of Year)$293M
Net Assets (End of Year)$348M
Net Income$55M
Employer EIN621585063
Plan Effective Date1995-02-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Summit Medical Group, PLLC)

Sponsor-wide plan assets over time

All Summit Medical Group, PLLC plans reported in each filing year

Latest sponsor-wide plan assets
$348M 41.51376574325866% vs 2022
2024 filing year
$200M$250M$300M$350M$400M 202220232024 $246M $348M ▲ +41.5%
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 Scatter plot of 6 data points. -1000000100000200000300000400000 -100102030 Total assets ($B) Participants Summit Medical Group, PLLC 401(k) Profit Sharing Plan, Total assets ($B): 0.34807911 · Participants: 1601Summit Medical Group, PLLC 401(k) Profit Sharing PlanFedex Corporation Retirement Savings Plan, Total assets ($B): 25.378065969 · Participants: 113079Fedex Corporation Retirement Savings PlanHca 401(k) Plan, Total assets ($B): 23.821303026 · Participants: 307086Hca 401(k) PlanFederal Express Corporation Pilots Retirement Savings Plan, Total assets ($B): 5.306930367 · Participants: 5830Federal Express Corporation Pilots Retirement Savings PlanInternational Paper Company Salaried Savings Plan, Total assets ($B): 4.993858777 · Participants: 12564International Paper Company Salaried Savings PlanChs/Community Health Systems, Inc. Retirement Savings Plan, Total assets ($B): 4.778242011 · Participants: 59441Chs/Community Health Systems, Inc. Retirement Savings Plan
Summit Medical Group, PLLC 401(k) Profit Sharing Plan vs. nearby 401(k) plans in Tennessee, assets vs. participants
Compare Summit Medical Group, PLLC 401(k) Profit Sharing Plan side-by-side with 3 peers →

Summit Medical Group, PLLC 401(k) Profit Sharing Plan's out-of-state 401(k) peers by assets and headcount

Outside Tennessee, the nearest 401(k) by assets is Eversana 401(k) Plan in KS ($348M); by covered participants it is Safebuilt 401(k) Plan in CO (1,601 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($348M here).

Similar participant headcount

Nearest other-state filings by covered participants (1,601 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 Medical Group, PLLC 401(k) Profit Sharing Plan assets move in 2024? ▼
Summit Medical Group, PLLC 401(k) Profit Sharing Plan grew sharply - up 18.6% during 2024, from $293M to $348M. Reported net income was $55M.
How have Summit Medical Group, PLLC plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Summit Medical Group, PLLC's sponsor-wide assets grew 41.5%, from $246M to $348M.
Where does Summit Medical Group, PLLC 401(k) Profit Sharing Plan rank by assets among Form 5500 filers? ▼
Summit Medical Group, PLLC 401(k) Profit Sharing Plan ranks in the 96th 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 Summit Medical Group, PLLC 401(k) Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by assets is Eversana 401(k) Plan in KS ($348M, 3,405 participants).
Which 401(k) plans cover a similar participant headcount to Summit Medical Group, PLLC 401(k) Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Safebuilt 401(k) Plan in CO (1,601 participants, $85M 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 621585063.

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.