Defined Benefit (Pension) · DOL Form 5500 · 2024

Summit Credit Union Pension Plan

Data updated 2026-08-25

$9M
Total assets Small plan by assets
101
Participants Small participant base
52nd
Percentile by assets National rank
$84,245
Avg per participant Below avg balance/head
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Official DOL plan name: Summit Credit Union Defined Benefit Plan and Trust · Sponsored by Summit Credit Union · North Carolina · Finance & Insurance

$9M in assets, 101 participants

Summit Credit Union's Summit Credit Union Defined Benefit Plan and Trust reported $9M in total assets and 101 participants in its 2024 DOL Form 5500 filing, ranking in the 52nd 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.

  • #3,105 in Finance & Insurance (8,549 peers)

Coverage in North Carolina

Summit Credit Union Defined Benefit Plan and Trust covers 101 participants in North Carolina, about 12% of the average North Carolina filer (state average ~819 per filing). Assets: $9M.

#3,105
in Finance & Insurance (8,549 peers)
+6.2%
assets growth YoY

Summit Credit Union Defined Benefit Plan and Trust's mid-pack asset rank among Finance & Insurance and all filers

Summit Credit Union Defined Benefit Plan and Trust vs every filed plan by assets

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

$8,508,756 Top 48% higher than 52% 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 Credit Union Defined Benefit Plan and Trust 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 Credit Union Defined Benefit Plan and Trust sits mid-pack in the medium band (101 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Summit Credit Union Defined Benefit Plan and Trust reported net income fell from $1M in the plan year 2023 filing to $497K in the plan year 2024 filing.
  • Summit Credit Union Defined Benefit Plan and Trust end-of-year assets rose from $8M in the plan year 2023 filing to $9M in the plan year 2024 filing.
  • Summit Credit Union Defined Benefit Plan and Trust reported participants rose from 100 in the plan year 2023 filing to 101 in the plan year 2024 filing.

See the national 2023→2024 release diff →

Plan-year Form 5500 strip

Filing strip 560432082 · Summit Credit Union PY 2024 · Defined Benefit (Pension)

Summit Credit Union Defined Benefit Plan and Trust · $9M · 101 · 52nd

  • 5500 $9M
  • ASSETS 101
  • PCT 52nd
  • EIN Defined Benefit (Pension)
  • RANK near Amended Employees' Pension and Investment Plan of the Hunt Corporation and Related Companies
  • PHOTO ind #3105

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 North Carolina →

Summit Credit Union Defined Benefit Plan and Trust in the asset neighbourhood

Employees' Defined Benefit Pension Plan of Nuvision Federal Credit UnionEmployees' Defined Benefit P…$9MSummit Credit Union Defined Benefit Plan and TrustSummit Credit Union Defined …$9MAmended Employees' Pension and Investment Plan of the Hunt Corporation and Related CompaniesAmended Employees' Pension a…$8MChyronhego Employee's Pension PlanChyronhego Employee's Pensio…$8MThomas County Federal Savings & Loan Association Retirement PlanThomas County Federal Saving…$8M
End-of-year total assets ($M) among Summit Credit Union Defined Benefit Plan and Trust and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2024.

North Carolina filing particulars

Total Assets (Beginning of Year)$8M
Net Assets (End of Year)$9M
Net Income$497K
Employer EIN560432082
Plan Effective Date1986-08-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Summit Credit Union)

Sponsor-wide plan assets over time

All Summit Credit Union plans reported in each filing year

Latest sponsor-wide plan assets
$9M 15.793992690522915% vs 2022
2024 filing year
$7M$8M$9M$10M$11M 202220232024 $10.1M $8.51M ▼ -15.7%
Year Plans Participants Total Assets
2022 2 197 $10M
2023 1 100 $8M
2024 1 101 $9M

Nearby Defined Benefit (Pension) Plans in North Carolina

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

Summit Credit Union Defined Benefit Plan and Trust vs. nearby Defined Benefit (Pension) plans in North Carolina, assets vs. participants Scatter plot of 6 data points. -1000001000020000300004000050000 -505101520 Total assets ($B) Participants Summit Credit Union Defined Benefit Plan and Trust, Total assets ($B): 0.008508756 · Participants: 101Summit Credit Union Defined Benefit Plan and TrustHoneywell Retirement Earnings Plan, Total assets ($B): 16.577892612 · Participants: 9923Honeywell Retirement Earnings PlanTruist Financial Corporation Pension Plan, Total assets ($B): 14.698665729 · Participants: 38548Truist Financial Corporation Pension PlanDuke Energy Retirement Cash Balance Plan, Total assets ($B): 4.678 · Participants: 13576Duke Energy Retirement Cash Balance PlanEmployees' Retirement Plan of Duke University, Total assets ($B): 2.784844379 · Participants: 22655Employees' Retirement Plan of Duke UniversityThe Hearst Corporation Retirement Plan, Total assets ($B): 2.397551709 · Participants: 1745The Hearst Corporation Retirement Plan
Summit Credit Union Defined Benefit Plan and Trust vs. nearby Defined Benefit (Pension) plans in North Carolina, assets vs. participants
Compare Summit Credit Union Defined Benefit Plan and Trust side-by-side with 3 peers →

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

Outside North Carolina, the nearest Defined Benefit (Pension) by assets is Amended Employees' Pension and Investment Plan of the Hunt Corporation and Related Companies in TX ($8M); by covered participants it is Office & Professional Employees Iu Pension Plan in NY (101 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (101 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 Credit Union Defined Benefit Plan and Trust assets move in 2024? ▼
Summit Credit Union Defined Benefit Plan and Trust grew at a solid clip - up 6.2% during 2024, from $8M to $9M. Reported net income was $497K.
How have Summit Credit Union plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Summit Credit Union's sponsor-wide assets declined 15.8%, from $10M to $9M.
Which Defined Benefit (Pension) plans are similar in size to Summit Credit Union Defined Benefit Plan and Trust? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Amended Employees' Pension and Investment Plan of the Hunt Corporation and Related Companies in TX ($8M, 124 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Summit Credit Union Defined Benefit Plan and Trust? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Office & Professional Employees Iu Pension Plan in NY (101 participants, $77M 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 560432082.

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.