Civic Intelligence

Summit Drilling Co. Inc.

Plan context: Summit Drilling Co. Inc. 401(K) Plan

EIN 22-2721977 • Bridgewater, NJ • 23 filings • 5 plans

81A Chimney Rock RoadBridgewater, NJ 08807
Current Snapshot

Latest Year

2023

2023 Participants

20

2023 Assets

$1,458,440

2023 Contributions

$110,393

Historical Graphs

Total Assets Over Time

Aggregate end-of-year assets by filing year, excluding zero-asset years

$4,203,454$2,101,727$0200120132022YearValue
$1,458,440Latest year 2022

Participants Over Time

Largest reported end-of-year plan headcount by filing year, used to avoid double-counting participants across overlapping plans

33170200120122022YearValue
20Latest year 2022

Company Timeline

Year summaries and individual filings are combined here so you can stay in one place while moving across years and plan filings.

Year / FilingFilingsParticipantsAssetsContributionsContrib./Participant
202310$0$0-
Summit Drilling Co. Inc. 401(K) Plan-0$0$0-
2022120$1,458,440$110,393$5,520iApproximate average salary by contribution assumption: employee only about $137,991 at 4% or $91,994 at 6%; with 50% employer match about $91,994 at 4% or $61,329 at 6%; with 100% employer match about $68,996 at 4% or $45,997 at 6%.
Summit Drilling Co. Inc. 401(K) Plan-20$1,458,440$110,393$5,520iApproximate average salary by contribution assumption: employee only about $137,991 at 4% or $91,994 at 6%; with 50% employer match about $91,994 at 4% or $61,329 at 6%; with 100% employer match about $68,996 at 4% or $45,997 at 6%.
2021129$3,849,832$192,215$6,628iApproximate average salary by contribution assumption: employee only about $165,703 at 4% or $110,468 at 6%; with 50% employer match about $110,468 at 4% or $73,646 at 6%; with 100% employer match about $82,851 at 4% or $55,234 at 6%.
Summit Drilling Co. Inc. 401(K) Plan-29$3,849,832$192,215$6,628iApproximate average salary by contribution assumption: employee only about $165,703 at 4% or $110,468 at 6%; with 50% employer match about $110,468 at 4% or $73,646 at 6%; with 100% employer match about $82,851 at 4% or $55,234 at 6%.
2020132$4,043,757$198,460$6,202iApproximate average salary by contribution assumption: employee only about $155,047 at 4% or $103,365 at 6%; with 50% employer match about $103,365 at 4% or $68,910 at 6%; with 100% employer match about $77,523 at 4% or $51,682 at 6%.
Summit Drilling Co. Inc. 401(K) Plan-32$4,043,757$198,460$6,202iApproximate average salary by contribution assumption: employee only about $155,047 at 4% or $103,365 at 6%; with 50% employer match about $103,365 at 4% or $68,910 at 6%; with 100% employer match about $77,523 at 4% or $51,682 at 6%.
2019130$3,497,847$203,345$6,778iApproximate average salary by contribution assumption: employee only about $169,454 at 4% or $112,969 at 6%; with 50% employer match about $112,969 at 4% or $75,313 at 6%; with 100% employer match about $84,727 at 4% or $56,485 at 6%.
Summit Drilling Co. Inc. 401(K) Plan-30$3,497,847$203,345$6,778iApproximate average salary by contribution assumption: employee only about $169,454 at 4% or $112,969 at 6%; with 50% employer match about $112,969 at 4% or $75,313 at 6%; with 100% employer match about $84,727 at 4% or $56,485 at 6%.
2018133$2,752,674$251,295$7,615iApproximate average salary by contribution assumption: employee only about $190,375 at 4% or $126,917 at 6%; with 50% employer match about $126,917 at 4% or $84,611 at 6%; with 100% employer match about $95,188 at 4% or $63,458 at 6%.
Summit Drilling Co. Inc. 401(K) Plan-33$2,752,674$251,295$7,615iApproximate average salary by contribution assumption: employee only about $190,375 at 4% or $126,917 at 6%; with 50% employer match about $126,917 at 4% or $84,611 at 6%; with 100% employer match about $95,188 at 4% or $63,458 at 6%.
2017129$2,723,253$208,399$7,186iApproximate average salary by contribution assumption: employee only about $179,654 at 4% or $119,770 at 6%; with 50% employer match about $119,770 at 4% or $79,846 at 6%; with 100% employer match about $89,827 at 4% or $59,885 at 6%.
Summit Drilling Co. Inc. 401(K) Plan-29$2,723,253$208,399$7,186iApproximate average salary by contribution assumption: employee only about $179,654 at 4% or $119,770 at 6%; with 50% employer match about $119,770 at 4% or $79,846 at 6%; with 100% employer match about $89,827 at 4% or $59,885 at 6%.
2016228$4,203,454$542,988$19,392iApproximate average salary by contribution assumption: employee only about $484,811 at 4% or $323,207 at 6%; with 50% employer match about $323,207 at 4% or $215,471 at 6%; with 100% employer match about $242,405 at 4% or $161,604 at 6%.
Summit Drilling Co. Inc. 401(K) Plan-26$2,101,780$271,494$10,442iApproximate average salary by contribution assumption: employee only about $261,052 at 4% or $174,035 at 6%; with 50% employer match about $174,035 at 4% or $116,023 at 6%; with 100% employer match about $130,526 at 4% or $87,017 at 6%.
Summit Drilling Co. Inc. 401(K) Plan-28$2,101,674$271,494$9,696iApproximate average salary by contribution assumption: employee only about $242,405 at 4% or $161,604 at 6%; with 50% employer match about $161,604 at 4% or $107,736 at 6%; with 100% employer match about $121,203 at 4% or $80,802 at 6%.
2015127$1,791,657$193,176$7,155iApproximate average salary by contribution assumption: employee only about $178,867 at 4% or $119,244 at 6%; with 50% employer match about $119,244 at 4% or $79,496 at 6%; with 100% employer match about $89,433 at 4% or $59,622 at 6%.
Summit Drilling Co. Inc. 401(K) Plan-27$1,791,657$193,176$7,155iApproximate average salary by contribution assumption: employee only about $178,867 at 4% or $119,244 at 6%; with 50% employer match about $119,244 at 4% or $79,496 at 6%; with 100% employer match about $89,433 at 4% or $59,622 at 6%.
2014127$1,679,356$199,006$7,371iApproximate average salary by contribution assumption: employee only about $184,265 at 4% or $122,843 at 6%; with 50% employer match about $122,843 at 4% or $81,895 at 6%; with 100% employer match about $92,132 at 4% or $61,422 at 6%.
Summit Drilling Co. Inc. 401(K) Plan-27$1,679,356$199,006$7,371iApproximate average salary by contribution assumption: employee only about $184,265 at 4% or $122,843 at 6%; with 50% employer match about $122,843 at 4% or $81,895 at 6%; with 100% employer match about $92,132 at 4% or $61,422 at 6%.
2013125$1,950,164$149,463$5,979iApproximate average salary by contribution assumption: employee only about $149,463 at 4% or $99,642 at 6%; with 50% employer match about $99,642 at 4% or $66,428 at 6%; with 100% employer match about $74,732 at 4% or $49,821 at 6%.
Summit Drilling Co. Inc. 401(K) Plan-25$1,950,164$149,463$5,979iApproximate average salary by contribution assumption: employee only about $149,463 at 4% or $99,642 at 6%; with 50% employer match about $99,642 at 4% or $66,428 at 6%; with 100% employer match about $74,732 at 4% or $49,821 at 6%.
2012125$1,843,489$129,069$5,163iApproximate average salary by contribution assumption: employee only about $129,069 at 4% or $86,046 at 6%; with 50% employer match about $86,046 at 4% or $57,364 at 6%; with 100% employer match about $64,535 at 4% or $43,023 at 6%.
Summit Drilling Co. Inc. 401(K) Plan-25$1,843,489$129,069$5,163iApproximate average salary by contribution assumption: employee only about $129,069 at 4% or $86,046 at 6%; with 50% employer match about $86,046 at 4% or $57,364 at 6%; with 100% employer match about $64,535 at 4% or $43,023 at 6%.
2011122$1,668,057$144,296$6,559iApproximate average salary by contribution assumption: employee only about $163,973 at 4% or $109,315 at 6%; with 50% employer match about $109,315 at 4% or $72,877 at 6%; with 100% employer match about $81,986 at 4% or $54,658 at 6%.
Summit Drilling Co. Inc. 401(K) Plan-22$1,668,057$144,296$6,559iApproximate average salary by contribution assumption: employee only about $163,973 at 4% or $109,315 at 6%; with 50% employer match about $109,315 at 4% or $72,877 at 6%; with 100% employer match about $81,986 at 4% or $54,658 at 6%.
2010125$1,696,220$125,681$5,027iApproximate average salary by contribution assumption: employee only about $125,681 at 4% or $83,787 at 6%; with 50% employer match about $83,787 at 4% or $55,858 at 6%; with 100% employer match about $62,840 at 4% or $41,894 at 6%.
Summit Drilling Co. Inc. 401(K) Plan-25$1,696,220$125,681$5,027iApproximate average salary by contribution assumption: employee only about $125,681 at 4% or $83,787 at 6%; with 50% employer match about $83,787 at 4% or $55,858 at 6%; with 100% employer match about $62,840 at 4% or $41,894 at 6%.
2009124$1,612,872$177,384$7,391iApproximate average salary by contribution assumption: employee only about $184,775 at 4% or $123,183 at 6%; with 50% employer match about $123,183 at 4% or $82,122 at 6%; with 100% employer match about $92,388 at 4% or $61,592 at 6%.
Summit Drilling Co. Inc. 401(K) Plan-24$1,612,872$177,384$7,391iApproximate average salary by contribution assumption: employee only about $184,775 at 4% or $123,183 at 6%; with 50% employer match about $123,183 at 4% or $82,122 at 6%; with 100% employer match about $92,388 at 4% or $61,592 at 6%.
2008133$1,275,731$161,008$4,879iApproximate average salary by contribution assumption: employee only about $121,976 at 4% or $81,317 at 6%; with 50% employer match about $81,317 at 4% or $54,211 at 6%; with 100% employer match about $60,988 at 4% or $40,659 at 6%.
Summit Drilling Co. Inc. 401(K) Plan-33$1,275,731$161,008$4,879iApproximate average salary by contribution assumption: employee only about $121,976 at 4% or $81,317 at 6%; with 50% employer match about $81,317 at 4% or $54,211 at 6%; with 100% employer match about $60,988 at 4% or $40,659 at 6%.
2007117$0$0-
Summit Drilling Co. Inc. 401(K) Plan-17---
2005125$1,334,563$163,332$6,533iApproximate average salary by contribution assumption: employee only about $163,332 at 4% or $108,888 at 6%; with 50% employer match about $108,888 at 4% or $72,592 at 6%; with 100% employer match about $81,666 at 4% or $54,444 at 6%.
Summit Drilling Co. Inc. 401(K) Plan-25$1,334,563$163,332$6,533iApproximate average salary by contribution assumption: employee only about $163,332 at 4% or $108,888 at 6%; with 50% employer match about $108,888 at 4% or $72,592 at 6%; with 100% employer match about $81,666 at 4% or $54,444 at 6%.
2004124$1,126,453$199,992$8,333iApproximate average salary by contribution assumption: employee only about $208,325 at 4% or $138,883 at 6%; with 50% employer match about $138,883 at 4% or $92,589 at 6%; with 100% employer match about $104,163 at 4% or $69,442 at 6%.
Summit Drilling Co. Inc. 401(K) Plan-24$1,126,453$199,992$8,333iApproximate average salary by contribution assumption: employee only about $208,325 at 4% or $138,883 at 6%; with 50% employer match about $138,883 at 4% or $92,589 at 6%; with 100% employer match about $104,163 at 4% or $69,442 at 6%.
2003124$839,694$148,446$6,185iApproximate average salary by contribution assumption: employee only about $154,631 at 4% or $103,088 at 6%; with 50% employer match about $103,088 at 4% or $68,725 at 6%; with 100% employer match about $77,316 at 4% or $51,544 at 6%.
Summit Drilling Co. Inc. 401(K) Plan-24$839,694$148,446$6,185iApproximate average salary by contribution assumption: employee only about $154,631 at 4% or $103,088 at 6%; with 50% employer match about $103,088 at 4% or $68,725 at 6%; with 100% employer match about $77,316 at 4% or $51,544 at 6%.
2002127$745,711$139,478$5,166iApproximate average salary by contribution assumption: employee only about $129,146 at 4% or $86,098 at 6%; with 50% employer match about $86,098 at 4% or $57,398 at 6%; with 100% employer match about $64,573 at 4% or $43,049 at 6%.
Summit Drilling Co. Inc. 401(K) Plan-27$745,711$139,478$5,166iApproximate average salary by contribution assumption: employee only about $129,146 at 4% or $86,098 at 6%; with 50% employer match about $86,098 at 4% or $57,398 at 6%; with 100% employer match about $64,573 at 4% or $43,049 at 6%.
2001126$1,009,640$141,354$5,437iApproximate average salary by contribution assumption: employee only about $135,917 at 4% or $90,612 at 6%; with 50% employer match about $90,612 at 4% or $60,408 at 6%; with 100% employer match about $67,959 at 4% or $45,306 at 6%.
Summit Drilling Co. Inc. 401(K) Plan-26$1,009,640$141,354$5,437iApproximate average salary by contribution assumption: employee only about $135,917 at 4% or $90,612 at 6%; with 50% employer match about $90,612 at 4% or $60,408 at 6%; with 100% employer match about $67,959 at 4% or $45,306 at 6%.