Civic Intelligence

Summit Financial Group

Plan context: Summit Financial Group 401(K) Plan

EIN 52-1810699 • Hunt Valley, MD • 15 filings • 2 plans

11350 Mccormick Rd Executive PlziiiSte 501Hunt Valley, MD 21031-1002
Current Snapshot

Latest Year

2024

2024 Participants

8

2024 Assets

$885,261

2024 Contributions

$177,676

Historical Graphs

Total Assets Over Time

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

$1,285,381$642,691$0201020172024YearValue
$885,261Latest year 2024

Participants Over Time

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

840201020172024YearValue
8Latest 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
202418$885,261$177,676$22,210iApproximate average salary by contribution assumption: employee only about $555,238 at 4% or $370,158 at 6%; with 50% employer match about $370,158 at 4% or $246,772 at 6%; with 100% employer match about $277,619 at 4% or $185,079 at 6%.
Summit Financial Group 401(K) Plan-8$885,261$177,676$22,210iApproximate average salary by contribution assumption: employee only about $555,238 at 4% or $370,158 at 6%; with 50% employer match about $370,158 at 4% or $246,772 at 6%; with 100% employer match about $277,619 at 4% or $185,079 at 6%.
202318$1,285,381$149,633$18,704iApproximate average salary by contribution assumption: employee only about $467,603 at 4% or $311,735 at 6%; with 50% employer match about $311,735 at 4% or $207,824 at 6%; with 100% employer match about $233,802 at 4% or $155,868 at 6%.
Summit Financial Group 401(K) Plan-8$1,285,381$149,633$18,704iApproximate average salary by contribution assumption: employee only about $467,603 at 4% or $311,735 at 6%; with 50% employer match about $311,735 at 4% or $207,824 at 6%; with 100% employer match about $233,802 at 4% or $155,868 at 6%.
202217$975,204$154,886$22,127iApproximate average salary by contribution assumption: employee only about $553,164 at 4% or $368,776 at 6%; with 50% employer match about $368,776 at 4% or $245,851 at 6%; with 100% employer match about $276,582 at 4% or $184,388 at 6%.
Summit Financial Group 401(K) Plan-7$975,204$154,886$22,127iApproximate average salary by contribution assumption: employee only about $553,164 at 4% or $368,776 at 6%; with 50% employer match about $368,776 at 4% or $245,851 at 6%; with 100% employer match about $276,582 at 4% or $184,388 at 6%.
202117$1,027,101$152,304$21,758iApproximate average salary by contribution assumption: employee only about $543,943 at 4% or $362,629 at 6%; with 50% employer match about $362,629 at 4% or $241,752 at 6%; with 100% employer match about $271,971 at 4% or $181,314 at 6%.
Summit Financial Group 401(K) Plan-7$1,027,101$152,304$21,758iApproximate average salary by contribution assumption: employee only about $543,943 at 4% or $362,629 at 6%; with 50% employer match about $362,629 at 4% or $241,752 at 6%; with 100% employer match about $271,971 at 4% or $181,314 at 6%.
202017$767,218$136,323$19,475iApproximate average salary by contribution assumption: employee only about $486,868 at 4% or $324,579 at 6%; with 50% employer match about $324,579 at 4% or $216,386 at 6%; with 100% employer match about $243,434 at 4% or $162,289 at 6%.
Summit Financial Group 401(K) Plan-7$767,218$136,323$19,475iApproximate average salary by contribution assumption: employee only about $486,868 at 4% or $324,579 at 6%; with 50% employer match about $324,579 at 4% or $216,386 at 6%; with 100% employer match about $243,434 at 4% or $162,289 at 6%.
201917$526,568$132,194$18,885iApproximate average salary by contribution assumption: employee only about $472,121 at 4% or $314,748 at 6%; with 50% employer match about $314,748 at 4% or $209,832 at 6%; with 100% employer match about $236,061 at 4% or $157,374 at 6%.
Summit Financial Group 401(K) Plan-7$526,568$132,194$18,885iApproximate average salary by contribution assumption: employee only about $472,121 at 4% or $314,748 at 6%; with 50% employer match about $314,748 at 4% or $209,832 at 6%; with 100% employer match about $236,061 at 4% or $157,374 at 6%.
201818$319,544$93,766$11,721iApproximate average salary by contribution assumption: employee only about $293,019 at 4% or $195,346 at 6%; with 50% employer match about $195,346 at 4% or $130,231 at 6%; with 100% employer match about $146,509 at 4% or $97,673 at 6%.
Summit Financial Group 401(K) Plan-8$319,544$93,766$11,721iApproximate average salary by contribution assumption: employee only about $293,019 at 4% or $195,346 at 6%; with 50% employer match about $195,346 at 4% or $130,231 at 6%; with 100% employer match about $146,509 at 4% or $97,673 at 6%.
201716$249,054$46,347$7,725iApproximate average salary by contribution assumption: employee only about $193,113 at 4% or $128,742 at 6%; with 50% employer match about $128,742 at 4% or $85,828 at 6%; with 100% employer match about $96,556 at 4% or $64,371 at 6%.
Summit Financial Group 401(K) Plan-6$249,054$46,347$7,725iApproximate average salary by contribution assumption: employee only about $193,113 at 4% or $128,742 at 6%; with 50% employer match about $128,742 at 4% or $85,828 at 6%; with 100% employer match about $96,556 at 4% or $64,371 at 6%.
201616$166,097$51,504$8,584iApproximate average salary by contribution assumption: employee only about $214,600 at 4% or $143,067 at 6%; with 50% employer match about $143,067 at 4% or $95,378 at 6%; with 100% employer match about $107,300 at 4% or $71,533 at 6%.
Summit Financial Group 401(K) Plan-6$166,097$51,504$8,584iApproximate average salary by contribution assumption: employee only about $214,600 at 4% or $143,067 at 6%; with 50% employer match about $143,067 at 4% or $95,378 at 6%; with 100% employer match about $107,300 at 4% or $71,533 at 6%.
201514$105,106$29,095$7,274iApproximate average salary by contribution assumption: employee only about $181,844 at 4% or $121,229 at 6%; with 50% employer match about $121,229 at 4% or $80,819 at 6%; with 100% employer match about $90,922 at 4% or $60,615 at 6%.
Summit Financial Group 401(K) Plan-4$105,106$29,095$7,274iApproximate average salary by contribution assumption: employee only about $181,844 at 4% or $121,229 at 6%; with 50% employer match about $121,229 at 4% or $80,819 at 6%; with 100% employer match about $90,922 at 4% or $60,615 at 6%.
201415$80,989$22,873$4,575iApproximate average salary by contribution assumption: employee only about $114,365 at 4% or $76,243 at 6%; with 50% employer match about $76,243 at 4% or $50,829 at 6%; with 100% employer match about $57,183 at 4% or $38,122 at 6%.
Summit Financial Group 401(K) Plan-5$80,989$22,873$4,575iApproximate average salary by contribution assumption: employee only about $114,365 at 4% or $76,243 at 6%; with 50% employer match about $76,243 at 4% or $50,829 at 6%; with 100% employer match about $57,183 at 4% or $38,122 at 6%.
201314$58,632$21,322$5,331iApproximate average salary by contribution assumption: employee only about $133,263 at 4% or $88,842 at 6%; with 50% employer match about $88,842 at 4% or $59,228 at 6%; with 100% employer match about $66,631 at 4% or $44,421 at 6%.
Summit Financial Group 401(K) Plan-4$58,632$21,322$5,331iApproximate average salary by contribution assumption: employee only about $133,263 at 4% or $88,842 at 6%; with 50% employer match about $88,842 at 4% or $59,228 at 6%; with 100% employer match about $66,631 at 4% or $44,421 at 6%.
201214$38,013$14,912$3,728iApproximate average salary by contribution assumption: employee only about $93,200 at 4% or $62,133 at 6%; with 50% employer match about $62,133 at 4% or $41,422 at 6%; with 100% employer match about $46,600 at 4% or $31,067 at 6%.
Summit Financial Group 401(K) Plan-4$38,013$14,912$3,728iApproximate average salary by contribution assumption: employee only about $93,200 at 4% or $62,133 at 6%; with 50% employer match about $62,133 at 4% or $41,422 at 6%; with 100% employer match about $46,600 at 4% or $31,067 at 6%.
201113$19,393$12,552$4,184iApproximate average salary by contribution assumption: employee only about $104,600 at 4% or $69,733 at 6%; with 50% employer match about $69,733 at 4% or $46,489 at 6%; with 100% employer match about $52,300 at 4% or $34,867 at 6%.
Summit Financial Group 401(K) Plan-3$19,393$12,552$4,184iApproximate average salary by contribution assumption: employee only about $104,600 at 4% or $69,733 at 6%; with 50% employer match about $69,733 at 4% or $46,489 at 6%; with 100% employer match about $52,300 at 4% or $34,867 at 6%.
201012$8,038$7,142$3,571iApproximate average salary by contribution assumption: employee only about $89,275 at 4% or $59,517 at 6%; with 50% employer match about $59,517 at 4% or $39,678 at 6%; with 100% employer match about $44,638 at 4% or $29,758 at 6%.
Summit Financial Group 401(K) Plan-2$8,038$7,142$3,571iApproximate average salary by contribution assumption: employee only about $89,275 at 4% or $59,517 at 6%; with 50% employer match about $59,517 at 4% or $39,678 at 6%; with 100% employer match about $44,638 at 4% or $29,758 at 6%.