401(k) · DOL Form 5500 · 2024

Summit Funding, Inc. 401(k) Plan

Data updated 2026-08-25

$46M
Total assets Below avg plan size
502
Participants Below avg headcount
83rd
Percentile by assets National rank
$91,060
Avg per participant Below avg balance/head
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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.

  • #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.

#6,315
in Finance & Insurance (8,549 peers)
+1.4%
assets growth YoY
0.5×
vs typical plan assets (national mean)

Summit Funding, Inc. 401(k) Plan's outsized position 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 $2,050,000,000 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 Funding, Inc. 401(k) 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 Funding, Inc. 401(k) Plan sits mid-pack in the medium band (502 participants).

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 →

Plan-year Form 5500 strip

Filing strip 911780488 · Summit Funding, Inc. PY 2024 · 401(k)

Summit Funding, Inc. 401(k) Plan · $46M · 502 · 83rd

  • RANK $46M
  • RANK 502
  • RANK 83rd
  • RANK 401(k)
  • RANK near Homrich Berg 401(k) Profit Sharing Plan
  • RANK ind #6315

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 California →

Summit Funding, Inc. 401(k) Plan in the asset neighbourhood

Nolato Gw Employee Retirement Savings PlanNolato Gw Employee Retiremen…$46MKite Realty Group 401(k) Profit Sharing PlanKite Realty Group 401(k) Pro…$46MSummit Funding, Inc. 401(k) PlanSummit Funding, Inc. 401(k) …$46MHomrich Berg 401(k) Profit Sharing PlanHomrich Berg 401(k) Profit S…$46MChoreo Retirement Plan$46M
End-of-year total assets ($M) among Summit Funding, Inc. 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

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.)

Sponsor-wide plan assets over time

All Summit Funding, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$46M 10.153242625168241% vs 2022
2024 filing year
$40M$42M$44M$46M$48M 202220232024 $41.5M $45.7M ▲ +10.1%
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 ($B) Participants Summit Funding, Inc. 401(k) Plan, Total assets ($B): 0.04571195 · Participants: 502Summit Funding, Inc. 401(k) PlanGoogle LLC 401(k) Savings Plan, Total assets ($B): 48.738057415 · Participants: 116712Google LLC 401(k) Savings PlanOracle Corporation 401(k) Savings and Investment Plan, Total assets ($B): 31.02646504 · Participants: 58962Oracle Corporation 401(k) Savings and Investment PlanIntel 401(k) Savings Plan, Total assets ($B): 24.850880304 · Participants: 55298Intel 401(k) Savings PlanApple 401(k) Plan, Total assets ($B): 24.714519387 · Participants: 101450Apple 401(k) PlanCisco Systems,Inc. 401(k) Plan, Total assets ($B): 22.728425546 · Participants: 40452Cisco Systems,Inc. 401(k) Plan
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 →

Summit Funding, Inc. 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside California, the nearest 401(k) by assets is Homrich Berg 401(k) Profit Sharing Plan in GA ($46M); by covered participants it is Dwyeromega Safe Harbor 401(k) Plan in IN (502 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($46M here).

Similar participant headcount

Nearest other-state filings by covered participants (502 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 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).
Which 401(k) plans cover a similar participant headcount to Summit Funding, Inc. 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Dwyeromega Safe Harbor 401(k) Plan in IN (502 participants, $118M 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 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.