Civic Intelligence

Summit Machine Inc

Plan context: Summit Machine Inc 401K Plan

EIN 41-1919413 • Shoreview, MN • 19 filings • 5 plans

561 Shoreview Park RdShoreview, MN 55126
Current Snapshot

Latest Year

2024

2024 Participants

22

2024 Assets

$1,062,370

2024 Contributions

$506,462

Historical Graphs

Total Assets Over Time

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

$1,062,370$531,185$0200620172024YearValue
$1,062,370Latest year 2024

Participants Over Time

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

22110200120162024YearValue
22Latest 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
2024122$1,062,370$506,462$23,021iApproximate average salary by contribution assumption: employee only about $575,525 at 4% or $383,683 at 6%; with 50% employer match about $383,683 at 4% or $255,789 at 6%; with 100% employer match about $287,763 at 4% or $191,842 at 6%.
Summit Machine Inc 401K Plan-22$1,062,370$506,462$23,021iApproximate average salary by contribution assumption: employee only about $575,525 at 4% or $383,683 at 6%; with 50% employer match about $383,683 at 4% or $255,789 at 6%; with 100% employer match about $287,763 at 4% or $191,842 at 6%.
2023122$556,420$130,655$5,939iApproximate average salary by contribution assumption: employee only about $148,472 at 4% or $98,981 at 6%; with 50% employer match about $98,981 at 4% or $65,987 at 6%; with 100% employer match about $74,236 at 4% or $49,491 at 6%.
Summit Machine Inc 401K Plan-22$556,420$130,655$5,939iApproximate average salary by contribution assumption: employee only about $148,472 at 4% or $98,981 at 6%; with 50% employer match about $98,981 at 4% or $65,987 at 6%; with 100% employer match about $74,236 at 4% or $49,491 at 6%.
2022121$423,434$71,256$3,393iApproximate average salary by contribution assumption: employee only about $84,829 at 4% or $56,552 at 6%; with 50% employer match about $56,552 at 4% or $37,702 at 6%; with 100% employer match about $42,414 at 4% or $28,276 at 6%.
Summit Machine Inc 401K Plan-21$423,434$71,256$3,393iApproximate average salary by contribution assumption: employee only about $84,829 at 4% or $56,552 at 6%; with 50% employer match about $56,552 at 4% or $37,702 at 6%; with 100% employer match about $42,414 at 4% or $28,276 at 6%.
2021117$473,884$66,041$3,885iApproximate average salary by contribution assumption: employee only about $97,119 at 4% or $64,746 at 6%; with 50% employer match about $64,746 at 4% or $43,164 at 6%; with 100% employer match about $48,560 at 4% or $32,373 at 6%.
Summit Machine Inc 401K Plan-17$473,884$66,041$3,885iApproximate average salary by contribution assumption: employee only about $97,119 at 4% or $64,746 at 6%; with 50% employer match about $64,746 at 4% or $43,164 at 6%; with 100% employer match about $48,560 at 4% or $32,373 at 6%.
2020115$356,644$54,649$3,643iApproximate average salary by contribution assumption: employee only about $91,082 at 4% or $60,721 at 6%; with 50% employer match about $60,721 at 4% or $40,481 at 6%; with 100% employer match about $45,541 at 4% or $30,361 at 6%.
Summit Machine Inc 401K Plan-15$356,644$54,649$3,643iApproximate average salary by contribution assumption: employee only about $91,082 at 4% or $60,721 at 6%; with 50% employer match about $60,721 at 4% or $40,481 at 6%; with 100% employer match about $45,541 at 4% or $30,361 at 6%.
2019115$245,210$53,694$3,580iApproximate average salary by contribution assumption: employee only about $89,490 at 4% or $59,660 at 6%; with 50% employer match about $59,660 at 4% or $39,773 at 6%; with 100% employer match about $44,745 at 4% or $29,830 at 6%.
Summit Machine Inc 401K Plan-15$245,210$53,694$3,580iApproximate average salary by contribution assumption: employee only about $89,490 at 4% or $59,660 at 6%; with 50% employer match about $59,660 at 4% or $39,773 at 6%; with 100% employer match about $44,745 at 4% or $29,830 at 6%.
2018114$162,260$31,404$2,243iApproximate average salary by contribution assumption: employee only about $56,079 at 4% or $37,386 at 6%; with 50% employer match about $37,386 at 4% or $24,924 at 6%; with 100% employer match about $28,039 at 4% or $18,693 at 6%.
Summit Machine Inc 401K Plan-14$162,260$31,404$2,243iApproximate average salary by contribution assumption: employee only about $56,079 at 4% or $37,386 at 6%; with 50% employer match about $37,386 at 4% or $24,924 at 6%; with 100% employer match about $28,039 at 4% or $18,693 at 6%.
201718$150,922$24,004$3,001iApproximate average salary by contribution assumption: employee only about $75,013 at 4% or $50,008 at 6%; with 50% employer match about $50,008 at 4% or $33,339 at 6%; with 100% employer match about $37,506 at 4% or $25,004 at 6%.
Summit Machine Inc 401K Plan-8$150,922$24,004$3,001iApproximate average salary by contribution assumption: employee only about $75,013 at 4% or $50,008 at 6%; with 50% employer match about $50,008 at 4% or $33,339 at 6%; with 100% employer match about $37,506 at 4% or $25,004 at 6%.
201619$110,836$77,783$8,643iApproximate average salary by contribution assumption: employee only about $216,064 at 4% or $144,043 at 6%; with 50% employer match about $144,043 at 4% or $96,028 at 6%; with 100% employer match about $108,032 at 4% or $72,021 at 6%.
Summit Machine Inc 401K Plan-9$110,836$77,783$8,643iApproximate average salary by contribution assumption: employee only about $216,064 at 4% or $144,043 at 6%; with 50% employer match about $144,043 at 4% or $96,028 at 6%; with 100% employer match about $108,032 at 4% or $72,021 at 6%.
201516$37,712$13,395$2,233iApproximate average salary by contribution assumption: employee only about $55,813 at 4% or $37,208 at 6%; with 50% employer match about $37,208 at 4% or $24,806 at 6%; with 100% employer match about $27,906 at 4% or $18,604 at 6%.
Summit Machine Inc 401K Plan-6$37,712$13,395$2,233iApproximate average salary by contribution assumption: employee only about $55,813 at 4% or $37,208 at 6%; with 50% employer match about $37,208 at 4% or $24,806 at 6%; with 100% employer match about $27,906 at 4% or $18,604 at 6%.
201415$25,247$12,982$2,596iApproximate average salary by contribution assumption: employee only about $64,910 at 4% or $43,273 at 6%; with 50% employer match about $43,273 at 4% or $28,849 at 6%; with 100% employer match about $32,455 at 4% or $21,637 at 6%.
Summit Machine Inc 401K Plan-5$25,247$12,982$2,596iApproximate average salary by contribution assumption: employee only about $64,910 at 4% or $43,273 at 6%; with 50% employer match about $43,273 at 4% or $28,849 at 6%; with 100% employer match about $32,455 at 4% or $21,637 at 6%.
201316$11,482$13,578$2,263iApproximate average salary by contribution assumption: employee only about $56,575 at 4% or $37,717 at 6%; with 50% employer match about $37,717 at 4% or $25,144 at 6%; with 100% employer match about $28,288 at 4% or $18,858 at 6%.
Summit Machine Inc 401K Plan-6$11,482$13,578$2,263iApproximate average salary by contribution assumption: employee only about $56,575 at 4% or $37,717 at 6%; with 50% employer match about $37,717 at 4% or $25,144 at 6%; with 100% employer match about $28,288 at 4% or $18,858 at 6%.
201110$0$0-
SUMMIT MACHINE 401(K) PLAN-0$0$0-
2010112$151,849$12,118$1,010iApproximate average salary by contribution assumption: employee only about $25,246 at 4% or $16,831 at 6%; with 50% employer match about $16,831 at 4% or $11,220 at 6%; with 100% employer match about $12,623 at 4% or $8,415 at 6%.
SUMMIT MACHINE 401(K) PLAN-12$151,849$12,118$1,010iApproximate average salary by contribution assumption: employee only about $25,246 at 4% or $16,831 at 6%; with 50% employer match about $16,831 at 4% or $11,220 at 6%; with 100% employer match about $12,623 at 4% or $8,415 at 6%.
2009112$121,013$14,947$1,246iApproximate average salary by contribution assumption: employee only about $31,140 at 4% or $20,760 at 6%; with 50% employer match about $20,760 at 4% or $13,840 at 6%; with 100% employer match about $15,570 at 4% or $10,380 at 6%.
SUMMIT MACHINE 401(K) PLAN-12$121,013$14,947$1,246iApproximate average salary by contribution assumption: employee only about $31,140 at 4% or $20,760 at 6%; with 50% employer match about $20,760 at 4% or $13,840 at 6%; with 100% employer match about $15,570 at 4% or $10,380 at 6%.
2007113$77,250$45,437$3,495iApproximate average salary by contribution assumption: employee only about $87,379 at 4% or $58,253 at 6%; with 50% employer match about $58,253 at 4% or $38,835 at 6%; with 100% employer match about $43,689 at 4% or $29,126 at 6%.
SUMMIT MACHINE 401K PLAN-13$77,250$45,437$3,495iApproximate average salary by contribution assumption: employee only about $87,379 at 4% or $58,253 at 6%; with 50% employer match about $58,253 at 4% or $38,835 at 6%; with 100% employer match about $43,689 at 4% or $29,126 at 6%.
2006111$30,444$28,178$2,562iApproximate average salary by contribution assumption: employee only about $64,041 at 4% or $42,694 at 6%; with 50% employer match about $42,694 at 4% or $28,463 at 6%; with 100% employer match about $32,020 at 4% or $21,347 at 6%.
SUMMIT MACHINE 401K PLAN-11$30,444$28,178$2,562iApproximate average salary by contribution assumption: employee only about $64,041 at 4% or $42,694 at 6%; with 50% employer match about $42,694 at 4% or $28,463 at 6%; with 100% employer match about $32,020 at 4% or $21,347 at 6%.
200210$0$54,225-
Summit Machine Inc 401K Plan-0-$54,225-
2001114$0$0-
Summit Machine Inc 401K Plan-14---