Civic Intelligence

Summit Electric Company

Plan context: Summit Electric Company 401(K) Profit Sharing Plan

EIN 52-1088192 • Sykesville, MD • 31 filings • 3 plans

5208 Klees Mill RoadSykesville, MD 21784
Current Snapshot

Latest Year

2024

2024 Participants

34

2024 Assets

$2,309,551

2024 Contributions

$192,235

Historical Graphs

Total Assets Over Time

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

$2,820,788$1,410,394$0199920132024YearValue
$2,309,551Latest year 2024

Participants Over Time

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

60300199920122024YearValue
34Latest 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
2024134$2,309,551$192,235$5,654iApproximate average salary by contribution assumption: employee only about $141,349 at 4% or $94,233 at 6%; with 50% employer match about $94,233 at 4% or $62,822 at 6%; with 100% employer match about $70,675 at 4% or $47,116 at 6%.
Summit Electric Company 401(K) Profit Sharing Plan-34$2,309,551$192,235$5,654iApproximate average salary by contribution assumption: employee only about $141,349 at 4% or $94,233 at 6%; with 50% employer match about $94,233 at 4% or $62,822 at 6%; with 100% employer match about $70,675 at 4% or $47,116 at 6%.
2023137$2,204,133$171,948$4,647iApproximate average salary by contribution assumption: employee only about $116,181 at 4% or $77,454 at 6%; with 50% employer match about $77,454 at 4% or $51,636 at 6%; with 100% employer match about $58,091 at 4% or $38,727 at 6%.
Summit Electric Company 401(K) Profit Sharing Plan-37$2,204,133$171,948$4,647iApproximate average salary by contribution assumption: employee only about $116,181 at 4% or $77,454 at 6%; with 50% employer match about $77,454 at 4% or $51,636 at 6%; with 100% employer match about $58,091 at 4% or $38,727 at 6%.
2022150$1,761,633$151,722$3,034iApproximate average salary by contribution assumption: employee only about $75,861 at 4% or $50,574 at 6%; with 50% employer match about $50,574 at 4% or $33,716 at 6%; with 100% employer match about $37,931 at 4% or $25,287 at 6%.
Summit Electric Company 401(K) Profit Sharing Plan-50$1,761,633$151,722$3,034iApproximate average salary by contribution assumption: employee only about $75,861 at 4% or $50,574 at 6%; with 50% employer match about $50,574 at 4% or $33,716 at 6%; with 100% employer match about $37,931 at 4% or $25,287 at 6%.
2021158$2,015,023$99,249$1,711iApproximate average salary by contribution assumption: employee only about $42,780 at 4% or $28,520 at 6%; with 50% employer match about $28,520 at 4% or $19,013 at 6%; with 100% employer match about $21,390 at 4% or $14,260 at 6%.
Summit Electric Company 401(K) Profit Sharing Plan-58$2,015,023$99,249$1,711iApproximate average salary by contribution assumption: employee only about $42,780 at 4% or $28,520 at 6%; with 50% employer match about $28,520 at 4% or $19,013 at 6%; with 100% employer match about $21,390 at 4% or $14,260 at 6%.
2020155$1,681,069$103,166$1,876iApproximate average salary by contribution assumption: employee only about $46,894 at 4% or $31,262 at 6%; with 50% employer match about $31,262 at 4% or $20,842 at 6%; with 100% employer match about $23,447 at 4% or $15,631 at 6%.
Summit Electric Company 401(K) Profit Sharing Plan-55$1,681,069$103,166$1,876iApproximate average salary by contribution assumption: employee only about $46,894 at 4% or $31,262 at 6%; with 50% employer match about $31,262 at 4% or $20,842 at 6%; with 100% employer match about $23,447 at 4% or $15,631 at 6%.
2019151$1,371,364$94,487$1,853iApproximate average salary by contribution assumption: employee only about $46,317 at 4% or $30,878 at 6%; with 50% employer match about $30,878 at 4% or $20,585 at 6%; with 100% employer match about $23,159 at 4% or $15,439 at 6%.
Summit Electric Company 401(K) Profit Sharing Plan-51$1,371,364$94,487$1,853iApproximate average salary by contribution assumption: employee only about $46,317 at 4% or $30,878 at 6%; with 50% employer match about $30,878 at 4% or $20,585 at 6%; with 100% employer match about $23,159 at 4% or $15,439 at 6%.
2018143$1,174,767$62,555$1,455iApproximate average salary by contribution assumption: employee only about $36,369 at 4% or $24,246 at 6%; with 50% employer match about $24,246 at 4% or $16,164 at 6%; with 100% employer match about $18,185 at 4% or $12,123 at 6%.
Summit Electric Company 401(K) Profit Sharing Plan-43$1,174,767$62,555$1,455iApproximate average salary by contribution assumption: employee only about $36,369 at 4% or $24,246 at 6%; with 50% employer match about $24,246 at 4% or $16,164 at 6%; with 100% employer match about $18,185 at 4% or $12,123 at 6%.
2017147$2,820,788$39,379$838iApproximate average salary by contribution assumption: employee only about $20,946 at 4% or $13,964 at 6%; with 50% employer match about $13,964 at 4% or $9,309 at 6%; with 100% employer match about $10,473 at 4% or $6,982 at 6%.
Summit Electric Company 401(K) Profit Sharing Plan-47$2,820,788$39,379$838iApproximate average salary by contribution assumption: employee only about $20,946 at 4% or $13,964 at 6%; with 50% employer match about $13,964 at 4% or $9,309 at 6%; with 100% employer match about $10,473 at 4% or $6,982 at 6%.
2016146$2,420,155$38,994$848iApproximate average salary by contribution assumption: employee only about $21,192 at 4% or $14,128 at 6%; with 50% employer match about $14,128 at 4% or $9,419 at 6%; with 100% employer match about $10,596 at 4% or $7,064 at 6%.
Summit Electric Company 401(K) Profit Sharing Plan-46$2,420,155$38,994$848iApproximate average salary by contribution assumption: employee only about $21,192 at 4% or $14,128 at 6%; with 50% employer match about $14,128 at 4% or $9,419 at 6%; with 100% employer match about $10,596 at 4% or $7,064 at 6%.
2015148$2,281,100$49,152$1,024iApproximate average salary by contribution assumption: employee only about $25,600 at 4% or $17,067 at 6%; with 50% employer match about $17,067 at 4% or $11,378 at 6%; with 100% employer match about $12,800 at 4% or $8,533 at 6%.
Summit Electric Company 401(K) Profit Sharing Plan-48$2,281,100$49,152$1,024iApproximate average salary by contribution assumption: employee only about $25,600 at 4% or $17,067 at 6%; with 50% employer match about $17,067 at 4% or $11,378 at 6%; with 100% employer match about $12,800 at 4% or $8,533 at 6%.
2014142$2,264,607$54,985$1,309iApproximate average salary by contribution assumption: employee only about $32,729 at 4% or $21,819 at 6%; with 50% employer match about $21,819 at 4% or $14,546 at 6%; with 100% employer match about $16,365 at 4% or $10,910 at 6%.
Summit Electric Company 401(K) Profit Sharing Plan-42$2,264,607$54,985$1,309iApproximate average salary by contribution assumption: employee only about $32,729 at 4% or $21,819 at 6%; with 50% employer match about $21,819 at 4% or $14,546 at 6%; with 100% employer match about $16,365 at 4% or $10,910 at 6%.
2013126$2,095,309$27,192$1,046iApproximate average salary by contribution assumption: employee only about $26,146 at 4% or $17,431 at 6%; with 50% employer match about $17,431 at 4% or $11,621 at 6%; with 100% employer match about $13,073 at 4% or $8,715 at 6%.
Summit Electric Company 401(K) Profit Sharing Plan-26$2,095,309$27,192$1,046iApproximate average salary by contribution assumption: employee only about $26,146 at 4% or $17,431 at 6%; with 50% employer match about $17,431 at 4% or $11,621 at 6%; with 100% employer match about $13,073 at 4% or $8,715 at 6%.
2012127$1,758,601$24,611$912iApproximate average salary by contribution assumption: employee only about $22,788 at 4% or $15,192 at 6%; with 50% employer match about $15,192 at 4% or $10,128 at 6%; with 100% employer match about $11,394 at 4% or $7,596 at 6%.
Summit Electric Company 401(K) Profit Sharing Plan-27$1,758,601$24,611$912iApproximate average salary by contribution assumption: employee only about $22,788 at 4% or $15,192 at 6%; with 50% employer match about $15,192 at 4% or $10,128 at 6%; with 100% employer match about $11,394 at 4% or $7,596 at 6%.
2011127$1,621,328$25,181$933iApproximate average salary by contribution assumption: employee only about $23,316 at 4% or $15,544 at 6%; with 50% employer match about $15,544 at 4% or $10,363 at 6%; with 100% employer match about $11,658 at 4% or $7,772 at 6%.
Summit Electric Company 401(K) Profit Sharing Plan-27$1,621,328$25,181$933iApproximate average salary by contribution assumption: employee only about $23,316 at 4% or $15,544 at 6%; with 50% employer match about $15,544 at 4% or $10,363 at 6%; with 100% employer match about $11,658 at 4% or $7,772 at 6%.
2010122$1,615,722$36,662$1,666iApproximate average salary by contribution assumption: employee only about $41,661 at 4% or $27,774 at 6%; with 50% employer match about $27,774 at 4% or $18,516 at 6%; with 100% employer match about $20,831 at 4% or $13,887 at 6%.
Summit Electric Company 401(K) Profit Sharing Plan-22$1,615,722$36,662$1,666iApproximate average salary by contribution assumption: employee only about $41,661 at 4% or $27,774 at 6%; with 50% employer match about $27,774 at 4% or $18,516 at 6%; with 100% employer match about $20,831 at 4% or $13,887 at 6%.
2009224$2,021,618$144,371$6,015iApproximate average salary by contribution assumption: employee only about $150,386 at 4% or $100,258 at 6%; with 50% employer match about $100,258 at 4% or $66,838 at 6%; with 100% employer match about $75,193 at 4% or $50,129 at 6%.
Summit Electric Company 401(K) Profit Sharing Plan-24$2,021,618$31,228$1,301iApproximate average salary by contribution assumption: employee only about $32,529 at 4% or $21,686 at 6%; with 50% employer match about $21,686 at 4% or $14,457 at 6%; with 100% employer match about $16,265 at 4% or $10,843 at 6%.
Summit Electric Company Profit Sharing Plan-0-$113,143-
2008234$1,616,741$38,313$1,127iApproximate average salary by contribution assumption: employee only about $28,171 at 4% or $18,781 at 6%; with 50% employer match about $18,781 at 4% or $12,521 at 6%; with 100% employer match about $14,086 at 4% or $9,390 at 6%.
Summit Electric Company Profit Sharing Plan-33$1,514,646--
Summit Electric Company 401(K) Profit Sharing Plan-34$102,095$38,313$1,127iApproximate average salary by contribution assumption: employee only about $28,171 at 4% or $18,781 at 6%; with 50% employer match about $18,781 at 4% or $12,521 at 6%; with 100% employer match about $14,086 at 4% or $9,390 at 6%.
2007241$2,301,066$81,752$1,994iApproximate average salary by contribution assumption: employee only about $49,849 at 4% or $33,233 at 6%; with 50% employer match about $33,233 at 4% or $22,155 at 6%; with 100% employer match about $24,924 at 4% or $16,616 at 6%.
Summit Electric Company Profit Sharing Plan-41$2,169,663$25,000$610iApproximate average salary by contribution assumption: employee only about $15,244 at 4% or $10,163 at 6%; with 50% employer match about $10,163 at 4% or $6,775 at 6%; with 100% employer match about $7,622 at 4% or $5,081 at 6%.
Summit Electric Company 401(K) Profit Sharing Plan-41$131,403$56,752$1,384iApproximate average salary by contribution assumption: employee only about $34,605 at 4% or $23,070 at 6%; with 50% employer match about $23,070 at 4% or $15,380 at 6%; with 100% employer match about $17,302 at 4% or $11,535 at 6%.
2006235$2,078,806$86,167$2,462iApproximate average salary by contribution assumption: employee only about $61,548 at 4% or $41,032 at 6%; with 50% employer match about $41,032 at 4% or $27,355 at 6%; with 100% employer match about $30,774 at 4% or $20,516 at 6%.
Summit Electric Company Profit Sharing Plan-35$2,006,470$40,000$1,143iApproximate average salary by contribution assumption: employee only about $28,571 at 4% or $19,048 at 6%; with 50% employer match about $19,048 at 4% or $12,698 at 6%; with 100% employer match about $14,286 at 4% or $9,524 at 6%.
Summit Electric Company 401(K) Profit Sharing Plan-35$72,336$46,167$1,319iApproximate average salary by contribution assumption: employee only about $32,976 at 4% or $21,984 at 6%; with 50% employer match about $21,984 at 4% or $14,656 at 6%; with 100% employer match about $16,488 at 4% or $10,992 at 6%.
2005240$1,931,606$43,543$1,089iApproximate average salary by contribution assumption: employee only about $27,214 at 4% or $18,143 at 6%; with 50% employer match about $18,143 at 4% or $12,095 at 6%; with 100% employer match about $13,607 at 4% or $9,071 at 6%.
Summit Electric Company Profit Sharing Plan-40$1,907,487$20,000$500iApproximate average salary by contribution assumption: employee only about $12,500 at 4% or $8,333 at 6%; with 50% employer match about $8,333 at 4% or $5,556 at 6%; with 100% employer match about $6,250 at 4% or $4,167 at 6%.
Summit Electric Company 401(K) Profit Sharing Plan-40$24,119$23,543$589iApproximate average salary by contribution assumption: employee only about $14,714 at 4% or $9,810 at 6%; with 50% employer match about $9,810 at 4% or $6,540 at 6%; with 100% employer match about $7,357 at 4% or $4,905 at 6%.
2004145$1,931,771$0-
Summit Electric Company Profit Sharing Plan-45$1,931,771--
2003142$1,797,547$50,000$1,190iApproximate average salary by contribution assumption: employee only about $29,762 at 4% or $19,841 at 6%; with 50% employer match about $19,841 at 4% or $13,228 at 6%; with 100% employer match about $14,881 at 4% or $9,921 at 6%.
Summit Electric Company Profit Sharing Plan-42$1,797,547$50,000$1,190iApproximate average salary by contribution assumption: employee only about $29,762 at 4% or $19,841 at 6%; with 50% employer match about $19,841 at 4% or $13,228 at 6%; with 100% employer match about $14,881 at 4% or $9,921 at 6%.
2002157$1,566,387$60,000$1,053iApproximate average salary by contribution assumption: employee only about $26,316 at 4% or $17,544 at 6%; with 50% employer match about $17,544 at 4% or $11,696 at 6%; with 100% employer match about $13,158 at 4% or $8,772 at 6%.
Summit Electric Company Profit Sharing Plan-57$1,566,387$60,000$1,053iApproximate average salary by contribution assumption: employee only about $26,316 at 4% or $17,544 at 6%; with 50% employer match about $17,544 at 4% or $11,696 at 6%; with 100% employer match about $13,158 at 4% or $8,772 at 6%.
2001160$0$0-
Summit Electric Company Profit Sharing Plan-60---
2000148$0$0-
Summit Electric Company Profit Sharing Plan-48---
1999147$1,627,661$50,000$1,064iApproximate average salary by contribution assumption: employee only about $26,596 at 4% or $17,730 at 6%; with 50% employer match about $17,730 at 4% or $11,820 at 6%; with 100% employer match about $13,298 at 4% or $8,865 at 6%.
Summit Electric Company Profit Sharing Plan-47$1,627,661$50,000$1,064iApproximate average salary by contribution assumption: employee only about $26,596 at 4% or $17,730 at 6%; with 50% employer match about $17,730 at 4% or $11,820 at 6%; with 100% employer match about $13,298 at 4% or $8,865 at 6%.