401(k) · DOL Form 5500 · 2024

Summit Funding, Inc. 401(k) Plan

Data updated 2026-08-11

$46M
Total assets
502
Participants
83rd
Percentile by assets
$91,060
Avg per participant
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Official DOL plan name: Summit Funding, Inc. 401(k) Plan · Sponsored by Summit Funding, Inc. · California · Finance & Insurance

$46M in assets, 502 participants

Summit Funding, Inc.'s Summit Funding, Inc. 401(k) Plan reported $46M in total assets and 502 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.

  • 83rd percentile by assets (of 123,622 plans)
  • #6,315 in Finance & Insurance (8,549 peers)

Where Summit Funding, Inc. 401(k) Plan sits by assets

Summit Funding, Inc. 401(k) Plan sits in the top quartile of all filed plans by assets, $46M for 502 participants (~$91,060/participant), up 1.4% in 2024.

$46M
total plan assets (2024 EOY)
502
covered participants
83rd
percentile by assets (of 123,622 plans)
$91,060
avg assets per participant

Where Summit Funding, Inc. 401(k) Plan sits by total assets

Summit Funding, Inc. 401(k) Plan vs every filed plan by assets

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

$45,711,950 Top 17% higher than 83% of 123,620 filed plans

This plan $0 $2,010,000,000 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

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Summit Funding, Inc. 401(k) Plan reported net income fell from $4M in the plan year 2023 filing to $647K in the plan year 2024 filing.
  • Summit Funding, Inc. 401(k) Plan reported participants fell from 640 in the plan year 2023 filing to 502 in the plan year 2024 filing.
  • Summit Funding, Inc. 401(k) Plan end-of-year assets rose from $45M in the plan year 2023 filing to $46M in the plan year 2024 filing.

See the national 2023→2024 release diff →

State
California
Industry
Finance & Insurance

Summit Funding, Inc. 401(k) Plan vs the 2024 asset distribution

By assets, Summit Funding, Inc. 401(k) Plan outranks 83% of the 123,622 plans that filed a Form 5500 for the 2024 plan year, and holds roughly 0.5x the national average plan size of $100M (721 average participants).

Scale-class filing particulars (2024)

Total Assets (Beginning of Year)$45M
Net Assets (End of Year)$46M
Net Income$647K
Employer EIN911780488
Plan Effective Date1999-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Summit Funding, Inc.)

$40M$42M$44M$46M$48M 202220232024 $41.5M $45.7M ▲ +10.1%
Total plan assets by year, all Summit Funding, Inc. plans on file
Year Plans Participants Total Assets
2022 1 1,105 $41M
2023 1 640 $45M
2024 1 502 $46M

Nearby 401(k) Plans in California

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

Summit Funding, Inc. 401(k) Plan vs. nearby 401(k) plans in California, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 -200204060 Total assets ($B) Participants Summit Funding, Inc.…, Total assets ($B): 0.04571195 · Participants: 502Summit Funding, Inc.…Google LLC 401(k) Sa…, Total assets ($B): 48.738057415 · Participants: 116712Google LLC 401(k) Sa…Oracle Corporation 4…, Total assets ($B): 31.02646504 · Participants: 58962Oracle Corporation 4…Intel 401(k) Savings…, Total assets ($B): 24.850880304 · Participants: 55298Intel 401(k) Savings…Apple 401(k) Plan, Total assets ($B): 24.714519387 · Participants: 101450Apple 401(k) PlanCisco Systems,Inc. 4…, Total assets ($B): 22.728425546 · Participants: 40452Cisco Systems,Inc. 4…
Summit Funding, Inc. 401(k) Plan vs. nearby 401(k) plans in California, assets vs. participants
Compare Summit Funding, Inc. 401(k) Plan side-by-side with 3 peers →

Similar-Sized 401(k) Plans Nationally

401(k) plans in other states closest to Summit Funding, Inc. 401(k) Plan by total assets, not by location.

Frequently Asked Questions

How did Summit Funding, Inc. 401(k) Plan assets move in 2024? ▼
Summit Funding, Inc. 401(k) Plan edged up modestly - up 1.4% during 2024, from $45M to $46M. Reported net income was $647K.
How have Summit Funding, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Summit Funding, Inc.'s sponsor-wide assets grew 10.2%, from $41M to $46M.
Where does Summit Funding, Inc. 401(k) Plan rank by assets among Form 5500 filers? ▼
Summit Funding, Inc. 401(k) 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 Funding, Inc. 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Homrich Berg 401(k) Profit Sharing Plan in GA ($46M, 185 participants).

Next read for Summit Funding, Inc. 401(k) Plan

Scale reading

Ways to act on Summit Funding, Inc. 401(k) Plan's numbers.

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 911780488.

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.