401(k) · DOL Form 5500 · 2024
Summit Orthopedics, Ltd. 401(k) Plan
Data updated 2026-08-11
- $153M
- Total assets
- 1,096
- Participants
- 93rd
- Percentile by assets
- $139,867
- Avg per participant
Official DOL plan name: Summit Orthopedics, Ltd. 401(k) Profit Sharing Plan · Sponsored by Summit Orthopedics, Ltd. · Minnesota · Healthcare & Social Assistance
$153M in assets, 1,096 participants
Summit Orthopedics, Ltd.'s Summit Orthopedics, Ltd. 401(k) Profit Sharing Plan reported $153M in total assets and 1,096 participants in its 2024 DOL Form 5500 filing, ranking in the 93rd 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.
- 93rd percentile by assets (of 123,622 plans)
- #15,877 in Healthcare & Social Assistance (16,916 peers)
Where Summit Orthopedics, Ltd. 401(k) Profit Sharing Plan sits by assets
Summit Orthopedics, Ltd. 401(k) Profit Sharing Plan sits in the top 10% of all filed plans by assets, $153M for 1,096 participants (~$139,867/participant), up 15.4% in 2024.
- $153M
- total plan assets (2024 EOY)
- 1,096
- covered participants
- 93rd
- percentile by assets (of 123,622 plans)
- $139,867
- avg assets per participant
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- Summit Orthopedics, Ltd. 401(k) Profit Sharing Plan end-of-year assets rose from $133M in the plan year 2023 filing to $153M in the plan year 2024 filing.
- Summit Orthopedics, Ltd. 401(k) Profit Sharing Plan reported net income fell from $24M in the plan year 2023 filing to $20M in the plan year 2024 filing.
- Summit Orthopedics, Ltd. 401(k) Profit Sharing Plan reported participants rose from 1,074 in the plan year 2023 filing to 1,096 in the plan year 2024 filing.
Summit Orthopedics, Ltd. 401(k) Profit Sharing Plan vs the 2024 asset distribution
By assets, Summit Orthopedics, Ltd. 401(k) Profit Sharing Plan outranks 93% of the 123,622 plans that filed a Form 5500 for the 2024 plan year, and holds roughly 1.5x the national average plan size of $100M (721 average participants).
Scale-class filing particulars (2024)
| Total Assets (Beginning of Year) | $133M |
|---|---|
| Net Assets (End of Year) | $153M |
| Net Income | $20M |
| Employer EIN | 411762331 |
| Plan Effective Date | 1995-07-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Summit Orthopedics, Ltd.)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 961 | $109M |
| 2023 | 1 | 1,074 | $133M |
| 2024 | 1 | 1,096 | $153M |
Nearby 401(k) Plans in Minnesota
Peer 401(k) plans, same state, same plan type, ranked by total assets.
Summit Orthopedics, Ltd. 401(k) Profit Sharing Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants
- Wells Fargo & Company 401(k) Plan $57.9B · 179,076
- Unitedhealth Group 401(k) Savings Plan $26.6B · 205,460
- Target Corporation 401(k) Plan $14.4B · 409,649
- Medtronic Savings and Investment Plan $13.7B · 38,480
- U.S. Bank 401(k) Savings Plan $11.4B · 73,109
Similar-Sized 401(k) Plans Nationally
401(k) plans in other states closest to Summit Orthopedics, Ltd. 401(k) Profit Sharing Plan by total assets, not by location.
- Healogics, LLC. 401(k) Plan (FL) $153M · 2,728
- Orthotennessee 401(k) Plan (TN) $153M · 713
- Ny Hotels Trades Council & Assn. of Nyc, Inc Employee Benefit Funds Staff Retirement Plan and Trust (NY) $153M · 847
- Hillyard 401(k) Plan (MO) $153M · 787
Frequently Asked Questions
How did Summit Orthopedics, Ltd. 401(k) Profit Sharing Plan assets move in 2024? ▼
How have Summit Orthopedics, Ltd. plan assets changed over time? ▼
Where does Summit Orthopedics, Ltd. 401(k) Profit Sharing Plan rank by assets among Form 5500 filers? ▼
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Ways to act on Summit Orthopedics, Ltd. 401(k) Profit Sharing Plan's numbers.
- By total assets, Summit Orthopedics, Ltd. 401(k) Profit Sharing Plan ranks in the top 10% of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar 401(k) plans in Minnesota. Compare plans
- Summit Orthopedics, Ltd.'s sponsor-wide assets have grown 41.1% since 2022 across 3 plan years on file. More Healthcare & Social Assistance plans