Civic Intelligence

Summit Machine Works Inc.

Plan context: Summit Machine Works Inc. 401(K) Profit Sharing Plan

EIN 39-1198750 • Beloit, WI • 23 filings • 4 plans

2641 Kennedy DriveBeloit, WI 53511
Current Snapshot

Latest Year

2023

2023 Participants

32

2023 Assets

$2,977,010

2023 Contributions

$309,370

Historical Graphs

Total Assets Over Time

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

$5,558,454$2,779,227$0200020132023YearValue
$2,977,010Latest year 2023

Participants Over Time

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

32160200020132023YearValue
32Latest year 2023

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
2023132$2,977,010$309,370$9,668iApproximate average salary by contribution assumption: employee only about $241,695 at 4% or $161,130 at 6%; with 50% employer match about $161,130 at 4% or $107,420 at 6%; with 100% employer match about $120,848 at 4% or $80,565 at 6%.
Summit Machine Works Inc. 401(K) Profit Sharing Plan-32$2,977,010$309,370$9,668iApproximate average salary by contribution assumption: employee only about $241,695 at 4% or $161,130 at 6%; with 50% employer match about $161,130 at 4% or $107,420 at 6%; with 100% employer match about $120,848 at 4% or $80,565 at 6%.
2022132$3,710,496$273,554$8,549iApproximate average salary by contribution assumption: employee only about $213,714 at 4% or $142,476 at 6%; with 50% employer match about $142,476 at 4% or $94,984 at 6%; with 100% employer match about $106,857 at 4% or $71,238 at 6%.
Summit Machine Works Inc. 401(K) Profit Sharing Plan-32$3,710,496$273,554$8,549iApproximate average salary by contribution assumption: employee only about $213,714 at 4% or $142,476 at 6%; with 50% employer match about $142,476 at 4% or $94,984 at 6%; with 100% employer match about $106,857 at 4% or $71,238 at 6%.
2021129$5,558,454$313,090$10,796iApproximate average salary by contribution assumption: employee only about $269,905 at 4% or $179,937 at 6%; with 50% employer match about $179,937 at 4% or $119,958 at 6%; with 100% employer match about $134,953 at 4% or $89,968 at 6%.
Summit Machine Works Inc. 401(K) Profit Sharing Plan-29$5,558,454$313,090$10,796iApproximate average salary by contribution assumption: employee only about $269,905 at 4% or $179,937 at 6%; with 50% employer match about $179,937 at 4% or $119,958 at 6%; with 100% employer match about $134,953 at 4% or $89,968 at 6%.
2020129$4,438,308$108,455$3,740iApproximate average salary by contribution assumption: employee only about $93,496 at 4% or $62,330 at 6%; with 50% employer match about $62,330 at 4% or $41,554 at 6%; with 100% employer match about $46,748 at 4% or $31,165 at 6%.
Summit Machine Works Inc. 401(K) Profit Sharing Plan-29$4,438,308$108,455$3,740iApproximate average salary by contribution assumption: employee only about $93,496 at 4% or $62,330 at 6%; with 50% employer match about $62,330 at 4% or $41,554 at 6%; with 100% employer match about $46,748 at 4% or $31,165 at 6%.
2019128$3,865,731$235,820$8,422iApproximate average salary by contribution assumption: employee only about $210,554 at 4% or $140,369 at 6%; with 50% employer match about $140,369 at 4% or $93,579 at 6%; with 100% employer match about $105,277 at 4% or $70,185 at 6%.
Summit Machine Works Inc. 401(K) Profit Sharing Plan-28$3,865,731$235,820$8,422iApproximate average salary by contribution assumption: employee only about $210,554 at 4% or $140,369 at 6%; with 50% employer match about $140,369 at 4% or $93,579 at 6%; with 100% employer match about $105,277 at 4% or $70,185 at 6%.
2018122$2,936,825$166,434$7,565iApproximate average salary by contribution assumption: employee only about $189,130 at 4% or $126,086 at 6%; with 50% employer match about $126,086 at 4% or $84,058 at 6%; with 100% employer match about $94,565 at 4% or $63,043 at 6%.
Summit Machine Works Inc. 401(K) Profit Sharing Plan-22$2,936,825$166,434$7,565iApproximate average salary by contribution assumption: employee only about $189,130 at 4% or $126,086 at 6%; with 50% employer match about $126,086 at 4% or $84,058 at 6%; with 100% employer match about $94,565 at 4% or $63,043 at 6%.
2017119$3,844,416$185,152$9,745iApproximate average salary by contribution assumption: employee only about $243,621 at 4% or $162,414 at 6%; with 50% employer match about $162,414 at 4% or $108,276 at 6%; with 100% employer match about $121,811 at 4% or $81,207 at 6%.
Summit Machine Works Inc. 401(K) Profit Sharing Plan-19$3,844,416$185,152$9,745iApproximate average salary by contribution assumption: employee only about $243,621 at 4% or $162,414 at 6%; with 50% employer match about $162,414 at 4% or $108,276 at 6%; with 100% employer match about $121,811 at 4% or $81,207 at 6%.
2016119$3,154,148$65,553$3,450iApproximate average salary by contribution assumption: employee only about $86,254 at 4% or $57,503 at 6%; with 50% employer match about $57,503 at 4% or $38,335 at 6%; with 100% employer match about $43,127 at 4% or $28,751 at 6%.
Summit Machine Works Inc. 401(K) Profit Sharing Plan-19$3,154,148$65,553$3,450iApproximate average salary by contribution assumption: employee only about $86,254 at 4% or $57,503 at 6%; with 50% employer match about $57,503 at 4% or $38,335 at 6%; with 100% employer match about $43,127 at 4% or $28,751 at 6%.
2015123$3,249,224$98,883$4,299iApproximate average salary by contribution assumption: employee only about $107,482 at 4% or $71,654 at 6%; with 50% employer match about $71,654 at 4% or $47,770 at 6%; with 100% employer match about $53,741 at 4% or $35,827 at 6%.
Summit Machine Works Inc. 401(K) Profit Sharing Plan-23$3,249,224$98,883$4,299iApproximate average salary by contribution assumption: employee only about $107,482 at 4% or $71,654 at 6%; with 50% employer match about $71,654 at 4% or $47,770 at 6%; with 100% employer match about $53,741 at 4% or $35,827 at 6%.
2014124$3,195,359$110,468$4,603iApproximate average salary by contribution assumption: employee only about $115,071 at 4% or $76,714 at 6%; with 50% employer match about $76,714 at 4% or $51,143 at 6%; with 100% employer match about $57,535 at 4% or $38,357 at 6%.
Summit Machine Works Inc. 401(K) Profit Sharing Plan-24$3,195,359$110,468$4,603iApproximate average salary by contribution assumption: employee only about $115,071 at 4% or $76,714 at 6%; with 50% employer match about $76,714 at 4% or $51,143 at 6%; with 100% employer match about $57,535 at 4% or $38,357 at 6%.
2013124$2,894,590$135,405$5,642iApproximate average salary by contribution assumption: employee only about $141,047 at 4% or $94,031 at 6%; with 50% employer match about $94,031 at 4% or $62,688 at 6%; with 100% employer match about $70,523 at 4% or $47,016 at 6%.
Summit Machine Works Inc. 401(K) Profit Sharing Plan-24$2,894,590$135,405$5,642iApproximate average salary by contribution assumption: employee only about $141,047 at 4% or $94,031 at 6%; with 50% employer match about $94,031 at 4% or $62,688 at 6%; with 100% employer match about $70,523 at 4% or $47,016 at 6%.
2012122$2,388,527$109,794$4,991iApproximate average salary by contribution assumption: employee only about $124,766 at 4% or $83,177 at 6%; with 50% employer match about $83,177 at 4% or $55,452 at 6%; with 100% employer match about $62,383 at 4% or $41,589 at 6%.
Summit Machine Works Inc. 401(K) Profit Sharing Plan-22$2,388,527$109,794$4,991iApproximate average salary by contribution assumption: employee only about $124,766 at 4% or $83,177 at 6%; with 50% employer match about $83,177 at 4% or $55,452 at 6%; with 100% employer match about $62,383 at 4% or $41,589 at 6%.
2011114$2,006,132$162,847$11,632iApproximate average salary by contribution assumption: employee only about $290,798 at 4% or $193,865 at 6%; with 50% employer match about $193,865 at 4% or $129,244 at 6%; with 100% employer match about $145,399 at 4% or $96,933 at 6%.
Summit Machine Works Inc. 401(K) Profit Sharing Plan-14$2,006,132$162,847$11,632iApproximate average salary by contribution assumption: employee only about $290,798 at 4% or $193,865 at 6%; with 50% employer match about $193,865 at 4% or $129,244 at 6%; with 100% employer match about $145,399 at 4% or $96,933 at 6%.
2010114$2,164,414$49,848$3,561iApproximate average salary by contribution assumption: employee only about $89,014 at 4% or $59,343 at 6%; with 50% employer match about $59,343 at 4% or $39,562 at 6%; with 100% employer match about $44,507 at 4% or $29,671 at 6%.
Summit Machine Works Inc. 401(K) Profit Sharing Plan-14$2,164,414$49,848$3,561iApproximate average salary by contribution assumption: employee only about $89,014 at 4% or $59,343 at 6%; with 50% employer match about $59,343 at 4% or $39,562 at 6%; with 100% employer match about $44,507 at 4% or $29,671 at 6%.
2009113$1,310,822$139,209$10,708iApproximate average salary by contribution assumption: employee only about $267,710 at 4% or $178,473 at 6%; with 50% employer match about $178,473 at 4% or $118,982 at 6%; with 100% employer match about $133,855 at 4% or $89,237 at 6%.
Summit Machine Works Inc. 401(K) Profit Sharing Plan-13$1,310,822$139,209$10,708iApproximate average salary by contribution assumption: employee only about $267,710 at 4% or $178,473 at 6%; with 50% employer match about $178,473 at 4% or $118,982 at 6%; with 100% employer match about $133,855 at 4% or $89,237 at 6%.
2007112$2,093,760$106,807$8,901iApproximate average salary by contribution assumption: employee only about $222,515 at 4% or $148,343 at 6%; with 50% employer match about $148,343 at 4% or $98,895 at 6%; with 100% employer match about $111,257 at 4% or $74,172 at 6%.
Summit Machine Works Inc. 401(K) Profit Sharing Plan-12$2,093,760$106,807$8,901iApproximate average salary by contribution assumption: employee only about $222,515 at 4% or $148,343 at 6%; with 50% employer match about $148,343 at 4% or $98,895 at 6%; with 100% employer match about $111,257 at 4% or $74,172 at 6%.
2006116$1,828,108$56,547$3,534iApproximate average salary by contribution assumption: employee only about $88,355 at 4% or $58,903 at 6%; with 50% employer match about $58,903 at 4% or $39,269 at 6%; with 100% employer match about $44,177 at 4% or $29,452 at 6%.
Summit Machine Works Inc. 401(K) Profit Sharing Plan-16$1,828,108$56,547$3,534iApproximate average salary by contribution assumption: employee only about $88,355 at 4% or $58,903 at 6%; with 50% employer match about $58,903 at 4% or $39,269 at 6%; with 100% employer match about $44,177 at 4% or $29,452 at 6%.
2005115$1,610,486$64,999$4,333iApproximate average salary by contribution assumption: employee only about $108,332 at 4% or $72,221 at 6%; with 50% employer match about $72,221 at 4% or $48,147 at 6%; with 100% employer match about $54,166 at 4% or $36,111 at 6%.
Summit Machine Works Inc. 401(K) Profit Sharing Plan-15$1,610,486$64,999$4,333iApproximate average salary by contribution assumption: employee only about $108,332 at 4% or $72,221 at 6%; with 50% employer match about $72,221 at 4% or $48,147 at 6%; with 100% employer match about $54,166 at 4% or $36,111 at 6%.
2004115$1,765,040$150,020$10,001iApproximate average salary by contribution assumption: employee only about $250,033 at 4% or $166,689 at 6%; with 50% employer match about $166,689 at 4% or $111,126 at 6%; with 100% employer match about $125,017 at 4% or $83,344 at 6%.
Summit Machine Works Inc. 401(K) Profit Sharing Plan-15$1,765,040$150,020$10,001iApproximate average salary by contribution assumption: employee only about $250,033 at 4% or $166,689 at 6%; with 50% employer match about $166,689 at 4% or $111,126 at 6%; with 100% employer match about $125,017 at 4% or $83,344 at 6%.
2003114$1,563,243$49,425$3,530iApproximate average salary by contribution assumption: employee only about $88,259 at 4% or $58,839 at 6%; with 50% employer match about $58,839 at 4% or $39,226 at 6%; with 100% employer match about $44,129 at 4% or $29,420 at 6%.
Summit Machine Works Inc. 401(K) Profit Sharing Plan-14$1,563,243$49,425$3,530iApproximate average salary by contribution assumption: employee only about $88,259 at 4% or $58,839 at 6%; with 50% employer match about $58,839 at 4% or $39,226 at 6%; with 100% employer match about $44,129 at 4% or $29,420 at 6%.
2002114$1,225,171$79,004$5,643iApproximate average salary by contribution assumption: employee only about $141,079 at 4% or $94,052 at 6%; with 50% employer match about $94,052 at 4% or $62,702 at 6%; with 100% employer match about $70,539 at 4% or $47,026 at 6%.
Summit Machine Works Inc. 401(K) Profit Sharing Plan-14$1,225,171$79,004$5,643iApproximate average salary by contribution assumption: employee only about $141,079 at 4% or $94,052 at 6%; with 50% employer match about $94,052 at 4% or $62,702 at 6%; with 100% employer match about $70,539 at 4% or $47,026 at 6%.
200110$0$0-
Summit Machine Works Inc. 401(K) Profit Sharing Plan-0---
2000113$1,398,896$91,728$7,056iApproximate average salary by contribution assumption: employee only about $176,400 at 4% or $117,600 at 6%; with 50% employer match about $117,600 at 4% or $78,400 at 6%; with 100% employer match about $88,200 at 4% or $58,800 at 6%.
Summit Machine Works Inc. 401(K) Profit Sharing Plan-13$1,398,896$91,728$7,056iApproximate average salary by contribution assumption: employee only about $176,400 at 4% or $117,600 at 6%; with 50% employer match about $117,600 at 4% or $78,400 at 6%; with 100% employer match about $88,200 at 4% or $58,800 at 6%.