401(k) · DOL Form 5500 · 2024

Summit Bank 401(k) Plan

Data updated 2026-08-25

$12M
Total assets Small plan by assets
128
Participants Small participant base
60th
Percentile by assets National rank
$95,705
Avg per participant Below avg balance/head
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Official DOL plan name: Summit Bank 401(k) Profit Sharing Plan · Sponsored by Summit Bank · Oregon · Finance & Insurance

$12M in assets, 128 participants

Summit Bank's Summit Bank 401(k) Profit Sharing Plan reported $12M in total assets and 128 participants in its 2024 DOL Form 5500 filing, ranking in the 60th 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.

  • #3,769 in Finance & Insurance (8,549 peers)

Coverage in Oregon

Summit Bank 401(k) Profit Sharing Plan covers 128 participants in Oregon, about 29% of the average Oregon filer (state average ~443 per filing). Assets: $12M.

#3,769
in Finance & Insurance (8,549 peers)
+26.3%
assets growth YoY

Summit Bank 401(k) Profit Sharing Plan's mid-pack asset rank among Finance & Insurance and all filers

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

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

$12,250,218 Top 40% higher than 60% 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 Bank 401(k) Profit Sharing 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 Bank 401(k) Profit Sharing Plan sits mid-pack in the medium band (128 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Summit Bank 401(k) Profit Sharing Plan reported participants rose from 98 in the plan year 2023 filing to 128 in the plan year 2024 filing.
  • Summit Bank 401(k) Profit Sharing Plan end-of-year assets rose from $10M in the plan year 2023 filing to $12M in the plan year 2024 filing.
  • Summit Bank 401(k) Profit Sharing Plan reported net income rose from $2M in the plan year 2023 filing to $3M in the plan year 2024 filing.

See the national 2023→2024 release diff →

Form 5500 schedule snapshot

Filing strip 412114771 · Summit Bank PY 2024 · 401(k)

Summit Bank 401(k) Profit Sharing Plan · $12M · 128 · 60th

  • RANK $12M
  • PHOTO 128
  • IND 60th
  • EOY 401(k)
  • 5500 near American Poolplayers Association 401(k) Retirement & Savings Plan
  • ASSETS ind #3769

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 Finance & Insurance retirement plans → · Plans in Oregon →

Summit Bank 401(k) Profit Sharing Plan in the asset neighbourhood

Summit Bank 401(k) Profit Sharing PlanSummit Bank 401(k) Profit Sh…$12MAmerican Poolplayers Association 401(k) Retirement & Savings PlanAmerican Poolplayers Associa…$12MAfresh 401(k) Plan$12MSargent Electric Company 401(k) Profit Sharing PlanSargent Electric Company 401…$12MSand Companies, Inc. 401(k) Plan and TrustSand Companies, Inc. 401(k) …$12M
End-of-year total assets ($M) among Summit Bank 401(k) Profit Sharing Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Oregon filing particulars

Total Assets (Beginning of Year)$10M
Net Assets (End of Year)$12M
Net Income$3M
Employer EIN412114771
Plan Effective Date2004-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Summit Bank)

Sponsor-wide plan assets over time

All Summit Bank plans reported in each filing year

Latest sponsor-wide plan assets
$12M 65.66325654358218% vs 2022
2024 filing year
$6M$8M$10M$12M$14M 202220232024 $7.39M $12.3M ▲ +65.8%
Year Plans Participants Total Assets
2022 1 90 $7M
2023 1 98 $10M
2024 1 128 $12M

Nearby 401(k) Plans in Oregon

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

Summit Bank 401(k) Profit Sharing Plan vs. nearby 401(k) plans in Oregon, assets vs. participants Scatter plot of 6 data points. -10000010000200003000040000 -202468 Total assets ($B) Participants Summit Bank 401(k) Profit Sharing Plan, Total assets ($B): 0.012250218 · Participants: 128Summit Bank 401(k) Profit Sharing Plan401(k) Savings and Profit Sharing Plan for Employees of Nike, Inc., Total assets ($B): 5.896318452 · Participants: 37293401(k) Savings and Profit Sharing Plan for Employees of Nike, Inc.Daimler Truck North America, L.L.C. Employee Retirement Savings Plan, Total assets ($B): 2.72094907 · Participants: 8431Daimler Truck North America, L.L.C. Employee Retirement Savings PlanPrecision Castparts Corp. 401(k) Retirement Savings Plan, Total assets ($B): 2.483708639 · Participants: 17047Precision Castparts Corp. 401(k) Retirement Savings PlanXpo Logistics Retirement Savings Plan, Total assets ($B): 1.888295912 · Participants: 5689Xpo Logistics Retirement Savings PlanPacificorp K Plus Employee Savings Plan, Total assets ($B): 1.771250677 · Participants: 5201Pacificorp K Plus Employee Savings Plan
Summit Bank 401(k) Profit Sharing Plan vs. nearby 401(k) plans in Oregon, assets vs. participants
Compare Summit Bank 401(k) Profit Sharing Plan side-by-side with 3 peers →

Summit Bank 401(k) Profit Sharing Plan's out-of-state 401(k) peers by assets and headcount

Outside Oregon, the nearest 401(k) by assets is American Poolplayers Association 401(k) Retirement & Savings Plan in MO ($12M); by covered participants it is Kingland Systems, LLC 401(k) Plan in IA (128 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (128 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 Bank 401(k) Profit Sharing Plan assets move in 2024? ▼
Summit Bank 401(k) Profit Sharing Plan grew sharply - up 26.3% during 2024, from $10M to $12M. Reported net income was $3M.
How have Summit Bank plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Summit Bank's sponsor-wide assets grew 65.7%, from $7M to $12M.
Which 401(k) plans are similar in size to Summit Bank 401(k) Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by assets is American Poolplayers Association 401(k) Retirement & Savings Plan in MO ($12M, 71 participants).
Which 401(k) plans cover a similar participant headcount to Summit Bank 401(k) Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Kingland Systems, LLC 401(k) Plan in IA (128 participants, $18M 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 412114771.

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.