Defined Benefit (Pension) · DOL Form 5500 · 2024

Summit Federal Credit Union Pension Plan

Data updated 2026-08-25

$35M
Total assets Below avg plan size
205
Participants Below avg headcount
80th
Percentile by assets National rank
$170,155
Avg per participant Above avg balance/head
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Official DOL plan name: The Summit Federal Credit Union Pension Plan · Sponsored by Summit Federal Credit Union · New York · Finance & Insurance

$35M in assets, 205 participants

Summit Federal Credit Union's The Summit Federal Credit Union Pension Plan reported $35M in total assets and 205 participants in its 2024 DOL Form 5500 filing, ranking in the 80th 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.

  • #5,820 in Finance & Insurance (8,549 peers)

Coverage in New York

The Summit Federal Credit Union Pension Plan covers 205 participants in New York, about 26% of the average New York filer (state average ~798 per filing). Assets: $35M.

#5,820
in Finance & Insurance (8,549 peers)
+2.4%
assets growth YoY
0.3×
vs typical plan assets (national mean)

The Summit Federal Credit Union Pension Plan's outsized position by total assets

The Summit Federal Credit Union Pension Plan vs every filed plan by assets

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

$34,881,785 Top 20% higher than 80% 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

The Summit Federal Credit Union Pension 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. The Summit Federal Credit Union Pension Plan sits mid-pack in the medium band (205 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • The Summit Federal Credit Union Pension Plan reported net income fell from $2M in the plan year 2023 filing to $833K in the plan year 2024 filing.
  • The Summit Federal Credit Union Pension Plan reported participants rose from 190 in the plan year 2023 filing to 205 in the plan year 2024 filing.
  • The Summit Federal Credit Union Pension Plan end-of-year assets rose from $34M in the plan year 2023 filing to $35M in the plan year 2024 filing.

See the national 2023→2024 release diff →

EBSA filing schedule strip

Filing strip 160754720 · Summit Federal Credit Union PY 2024 · Defined Benefit (Pension)

The Summit Federal Credit Union Pension Plan · $35M · 205 · 80th

  • TYPE $35M
  • NET 205
  • BOOK 80th
  • VS-ST Defined Benefit (Pension)
  • BOY near Qualstar Credit Union Defined Benefit Plan
  • SCH ind #5820

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 New York →

The Summit Federal Credit Union Pension Plan in the asset neighbourhood

W.R. Grace & Co. Retirement Plan for Non-Union Hourly EmployeesW.R. Grace & Co. Retirement …$35MThe Summit Federal Credit Union Pension PlanThe Summit Federal Credit Un…$35MQualstar Credit Union Defined Benefit PlanQualstar Credit Union Define…$35MCrounse Corporation Marine & Maintenance Employees' Pension PlanCrounse Corporation Marine &…$35MSt. Joseph Health Services of Rhode Island Retirement PlanSt. Joseph Health Services o…$35M
End-of-year total assets ($M) among The Summit Federal Credit Union Pension Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2024.

New York filing particulars

Total Assets (Beginning of Year)$34M
Net Assets (End of Year)$35M
Net Income$833K
Employer EIN160754720
Plan Effective Date1964-07-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Summit Federal Credit Union)

Sponsor-wide plan assets over time

All Summit Federal Credit Union plans reported in each filing year

Latest sponsor-wide plan assets
$65M 17.595713760059454% vs 2022
2024 filing year
$50M$55M$60M$65M$70M 202220232024 $55.2M $65M ▲ +17.6%
Year Plans Participants Total Assets
2022 2 398 $55M
2023 2 423 $61M
2024 2 437 $65M

Nearby Defined Benefit (Pension) Plans in New York

Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.

The Summit Federal Credit Union Pension Plan vs. nearby Defined Benefit (Pension) plans in New York, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 -505101520 Total assets ($B) Participants The Summit Federal Credit Union Pension Plan, Total assets ($B): 0.034881785 · Participants: 205The Summit Federal Credit Union Pension PlanIBM Personal Pension Plan, Total assets ($B): 17.919858993 · Participants: 48014IBM Personal Pension Plan1199seiu Health Care Employees Pension Fund, Total assets ($B): 16.913316696 · Participants: 1118331199seiu Health Care Employees Pension FundConsolidated Edison Retirement Plan, Total assets ($B): 15.588456377 · Participants: 10608Consolidated Edison Retirement PlanPfizer Consolidated Pension Plan, Total assets ($B): 9.970337119 · Participants: 8876Pfizer Consolidated Pension PlanGE Energy Pension Plan, Total assets ($B): 8.92290143 · Participants: 5829GE Energy Pension Plan
The Summit Federal Credit Union Pension Plan vs. nearby Defined Benefit (Pension) plans in New York, assets vs. participants
Compare The Summit Federal Credit Union Pension Plan side-by-side with 3 peers →

The Summit Federal Credit Union Pension Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside New York, the nearest Defined Benefit (Pension) by assets is Qualstar Credit Union Defined Benefit Plan in WA ($35M); by covered participants it is Air Canada U.S. Pension Plan in (205 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (205 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 The Summit Federal Credit Union Pension Plan assets move in 2024? ▼
The Summit Federal Credit Union Pension Plan edged up modestly - up 2.4% during 2024, from $34M to $35M. Reported net income was $833K.
How have Summit Federal Credit Union plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Summit Federal Credit Union's sponsor-wide assets grew 17.6%, from $55M to $65M.
Where does The Summit Federal Credit Union Pension Plan rank by assets among Form 5500 filers? ▼
The Summit Federal Credit Union Pension Plan ranks in the 80th 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 Defined Benefit (Pension) plans are similar in size to The Summit Federal Credit Union Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Qualstar Credit Union Defined Benefit Plan in WA ($35M, 81 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to The Summit Federal Credit Union Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Air Canada U.S. Pension Plan in (205 participants, $138M 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 160754720.

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.