Civic Intelligence

Summit Asset Management Inc.

Plan context: Summit Asset Management Inc. 401(K) Plan

EIN 22-3832762 • Florham Park, NJ • 18 filings • 4 plans

30 Columbia Turnpike, Suite 101Florham Park, NJ 07932
Current Snapshot

Latest Year

2024

2024 Participants

10

2024 Assets

$2,919,287

2024 Contributions

$327,796

Historical Graphs

Total Assets Over Time

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

$3,003,641$1,501,821$0200720162024YearValue
$2,919,287Latest year 2024

Participants Over Time

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

1050200720162024YearValue
10Latest year 2024

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
2024110$2,919,287$327,796$32,780iApproximate average salary by contribution assumption: employee only about $819,490 at 4% or $546,327 at 6%; with 50% employer match about $546,327 at 4% or $364,218 at 6%; with 100% employer match about $409,745 at 4% or $273,163 at 6%.
Summit Asset Management Inc. 401(K) Plan-10$2,919,287$327,796$32,780iApproximate average salary by contribution assumption: employee only about $819,490 at 4% or $546,327 at 6%; with 50% employer match about $546,327 at 4% or $364,218 at 6%; with 100% employer match about $409,745 at 4% or $273,163 at 6%.
2023110$2,264,313$298,624$29,862iApproximate average salary by contribution assumption: employee only about $746,560 at 4% or $497,707 at 6%; with 50% employer match about $497,707 at 4% or $331,804 at 6%; with 100% employer match about $373,280 at 4% or $248,853 at 6%.
Summit Asset Management Inc. 401(K) Plan-10$2,264,313$298,624$29,862iApproximate average salary by contribution assumption: employee only about $746,560 at 4% or $497,707 at 6%; with 50% employer match about $497,707 at 4% or $331,804 at 6%; with 100% employer match about $373,280 at 4% or $248,853 at 6%.
2022110$2,389,247$281,912$28,191iApproximate average salary by contribution assumption: employee only about $704,780 at 4% or $469,853 at 6%; with 50% employer match about $469,853 at 4% or $313,236 at 6%; with 100% employer match about $352,390 at 4% or $234,927 at 6%.
Summit Asset Management Inc. 401(K) Plan-10$2,389,247$281,912$28,191iApproximate average salary by contribution assumption: employee only about $704,780 at 4% or $469,853 at 6%; with 50% employer match about $469,853 at 4% or $313,236 at 6%; with 100% employer match about $352,390 at 4% or $234,927 at 6%.
2021110$3,003,641$292,002$29,200iApproximate average salary by contribution assumption: employee only about $730,005 at 4% or $486,670 at 6%; with 50% employer match about $486,670 at 4% or $324,447 at 6%; with 100% employer match about $365,003 at 4% or $243,335 at 6%.
Summit Asset Management Inc. 401(K) Plan-10$3,003,641$292,002$29,200iApproximate average salary by contribution assumption: employee only about $730,005 at 4% or $486,670 at 6%; with 50% employer match about $486,670 at 4% or $324,447 at 6%; with 100% employer match about $365,003 at 4% or $243,335 at 6%.
202018$2,597,157$280,830$35,104iApproximate average salary by contribution assumption: employee only about $877,594 at 4% or $585,063 at 6%; with 50% employer match about $585,063 at 4% or $390,042 at 6%; with 100% employer match about $438,797 at 4% or $292,531 at 6%.
Summit Asset Management Inc. 401(K) Plan-8$2,597,157$280,830$35,104iApproximate average salary by contribution assumption: employee only about $877,594 at 4% or $585,063 at 6%; with 50% employer match about $585,063 at 4% or $390,042 at 6%; with 100% employer match about $438,797 at 4% or $292,531 at 6%.
201919$1,901,695$310,034$34,448iApproximate average salary by contribution assumption: employee only about $861,206 at 4% or $574,137 at 6%; with 50% employer match about $574,137 at 4% or $382,758 at 6%; with 100% employer match about $430,603 at 4% or $287,069 at 6%.
Summit Asset Management Inc. 401(K) Plan-9$1,901,695$310,034$34,448iApproximate average salary by contribution assumption: employee only about $861,206 at 4% or $574,137 at 6%; with 50% employer match about $574,137 at 4% or $382,758 at 6%; with 100% employer match about $430,603 at 4% or $287,069 at 6%.
201819$1,672,626$218,874$24,319iApproximate average salary by contribution assumption: employee only about $607,983 at 4% or $405,322 at 6%; with 50% employer match about $405,322 at 4% or $270,215 at 6%; with 100% employer match about $303,992 at 4% or $202,661 at 6%.
Summit Asset Management Inc. 401(K) Plan-9$1,672,626$218,874$24,319iApproximate average salary by contribution assumption: employee only about $607,983 at 4% or $405,322 at 6%; with 50% employer match about $405,322 at 4% or $270,215 at 6%; with 100% employer match about $303,992 at 4% or $202,661 at 6%.
201718$1,479,453$183,725$22,966iApproximate average salary by contribution assumption: employee only about $574,141 at 4% or $382,760 at 6%; with 50% employer match about $382,760 at 4% or $255,174 at 6%; with 100% employer match about $287,070 at 4% or $191,380 at 6%.
Summit Asset Management Inc. 401(K) Plan-8$1,479,453$183,725$22,966iApproximate average salary by contribution assumption: employee only about $574,141 at 4% or $382,760 at 6%; with 50% employer match about $382,760 at 4% or $255,174 at 6%; with 100% employer match about $287,070 at 4% or $191,380 at 6%.
201617$1,180,074$186,984$26,712iApproximate average salary by contribution assumption: employee only about $667,800 at 4% or $445,200 at 6%; with 50% employer match about $445,200 at 4% or $296,800 at 6%; with 100% employer match about $333,900 at 4% or $222,600 at 6%.
Summit Asset Management Inc. 401(K) Plan-7$1,180,074$186,984$26,712iApproximate average salary by contribution assumption: employee only about $667,800 at 4% or $445,200 at 6%; with 50% employer match about $445,200 at 4% or $296,800 at 6%; with 100% employer match about $333,900 at 4% or $222,600 at 6%.
201516$918,155$185,461$30,910iApproximate average salary by contribution assumption: employee only about $772,754 at 4% or $515,169 at 6%; with 50% employer match about $515,169 at 4% or $343,446 at 6%; with 100% employer match about $386,377 at 4% or $257,585 at 6%.
Summit Asset Management Inc. 401(K) Plan-6$918,155$185,461$30,910iApproximate average salary by contribution assumption: employee only about $772,754 at 4% or $515,169 at 6%; with 50% employer match about $515,169 at 4% or $343,446 at 6%; with 100% employer match about $386,377 at 4% or $257,585 at 6%.
201416$743,787$128,381$21,397iApproximate average salary by contribution assumption: employee only about $534,921 at 4% or $356,614 at 6%; with 50% employer match about $356,614 at 4% or $237,743 at 6%; with 100% employer match about $267,460 at 4% or $178,307 at 6%.
Summit Asset Management Inc. 401(K) Plan-6$743,787$128,381$21,397iApproximate average salary by contribution assumption: employee only about $534,921 at 4% or $356,614 at 6%; with 50% employer match about $356,614 at 4% or $237,743 at 6%; with 100% employer match about $267,460 at 4% or $178,307 at 6%.
201315$581,756$89,485$17,897iApproximate average salary by contribution assumption: employee only about $447,425 at 4% or $298,283 at 6%; with 50% employer match about $298,283 at 4% or $198,856 at 6%; with 100% employer match about $223,713 at 4% or $149,142 at 6%.
Summit Asset Management Inc. 401(K) Plan-5$581,756$89,485$17,897iApproximate average salary by contribution assumption: employee only about $447,425 at 4% or $298,283 at 6%; with 50% employer match about $298,283 at 4% or $198,856 at 6%; with 100% employer match about $223,713 at 4% or $149,142 at 6%.
201215$443,985$65,445$13,089iApproximate average salary by contribution assumption: employee only about $327,225 at 4% or $218,150 at 6%; with 50% employer match about $218,150 at 4% or $145,433 at 6%; with 100% employer match about $163,613 at 4% or $109,075 at 6%.
Summit Asset Management Inc. 401(K) Plan-5$443,985$65,445$13,089iApproximate average salary by contribution assumption: employee only about $327,225 at 4% or $218,150 at 6%; with 50% employer match about $218,150 at 4% or $145,433 at 6%; with 100% employer match about $163,613 at 4% or $109,075 at 6%.
201114$354,230$27,969$6,992iApproximate average salary by contribution assumption: employee only about $174,806 at 4% or $116,538 at 6%; with 50% employer match about $116,538 at 4% or $77,692 at 6%; with 100% employer match about $87,403 at 4% or $58,269 at 6%.
Summit Asset Management Inc. 401(K) Plan-4$354,230$27,969$6,992iApproximate average salary by contribution assumption: employee only about $174,806 at 4% or $116,538 at 6%; with 50% employer match about $116,538 at 4% or $77,692 at 6%; with 100% employer match about $87,403 at 4% or $58,269 at 6%.
201015$340,734$19,662$3,932iApproximate average salary by contribution assumption: employee only about $98,310 at 4% or $65,540 at 6%; with 50% employer match about $65,540 at 4% or $43,693 at 6%; with 100% employer match about $49,155 at 4% or $32,770 at 6%.
Summit Asset Management Inc. 401(K) Plan-5$340,734$19,662$3,932iApproximate average salary by contribution assumption: employee only about $98,310 at 4% or $65,540 at 6%; with 50% employer match about $65,540 at 4% or $43,693 at 6%; with 100% employer match about $49,155 at 4% or $32,770 at 6%.
200915$307,242$17,021$3,404iApproximate average salary by contribution assumption: employee only about $85,105 at 4% or $56,737 at 6%; with 50% employer match about $56,737 at 4% or $37,824 at 6%; with 100% employer match about $42,553 at 4% or $28,368 at 6%.
Summit Asset Management Inc. 401(K) Plan-5$307,242$17,021$3,404iApproximate average salary by contribution assumption: employee only about $85,105 at 4% or $56,737 at 6%; with 50% employer match about $56,737 at 4% or $37,824 at 6%; with 100% employer match about $42,553 at 4% or $28,368 at 6%.
200814$245,278$69,870$17,468iApproximate average salary by contribution assumption: employee only about $436,688 at 4% or $291,125 at 6%; with 50% employer match about $291,125 at 4% or $194,083 at 6%; with 100% employer match about $218,344 at 4% or $145,563 at 6%.
Summit Asset Management Inc. 401(K) Plan-4$245,278$69,870$17,468iApproximate average salary by contribution assumption: employee only about $436,688 at 4% or $291,125 at 6%; with 50% employer match about $291,125 at 4% or $194,083 at 6%; with 100% employer match about $218,344 at 4% or $145,563 at 6%.
200716$409,356$86,360$14,393iApproximate average salary by contribution assumption: employee only about $359,833 at 4% or $239,889 at 6%; with 50% employer match about $239,889 at 4% or $159,926 at 6%; with 100% employer match about $179,917 at 4% or $119,944 at 6%.
Summit Asset Management Inc. 401(K) Plan-6$409,356$86,360$14,393iApproximate average salary by contribution assumption: employee only about $359,833 at 4% or $239,889 at 6%; with 50% employer match about $239,889 at 4% or $159,926 at 6%; with 100% employer match about $179,917 at 4% or $119,944 at 6%.