Civic Intelligence

SUMMIT COMMUNITY BANK, INC.

Plan context: Summit Financial Group Inc. Employee Stock Ownership Plan

EIN 55-0672148 • Moorefield, WV • 86 filings • 16 plans

PO Box 179300 N Main StMoorefield, WV 26836-1055
Current Snapshot

Latest Year

2024

2024 Participants

351

2024 Assets

$388,503

2024 Contributions

$1,123,452

Historical Graphs

Total Assets Over Time

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

$61,631,922$30,815,961$0200020122024YearValue
$388,503Latest year 2024

Participants Over Time

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

5152580200020122024YearValue
351Latest 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
20241351$388,503$1,123,452$3,201iApproximate average salary by contribution assumption: employee only about $80,018 at 4% or $53,345 at 6%; with 50% employer match about $53,345 at 4% or $35,564 at 6%; with 100% employer match about $40,009 at 4% or $26,673 at 6%.
Summit Financial Group Inc. Employee Stock Ownership Plan-351$388,503$1,123,452$3,201iApproximate average salary by contribution assumption: employee only about $80,018 at 4% or $53,345 at 6%; with 50% employer match about $53,345 at 4% or $35,564 at 6%; with 100% employer match about $40,009 at 4% or $26,673 at 6%.
20233515$61,631,922$5,120,731$9,943iApproximate average salary by contribution assumption: employee only about $248,579 at 4% or $165,719 at 6%; with 50% employer match about $165,719 at 4% or $110,480 at 6%; with 100% employer match about $124,290 at 4% or $82,860 at 6%.
Vba Defined Contribution Plan for Summit Financial Group Inc.-487$42,967,066$4,085,129$8,388iApproximate average salary by contribution assumption: employee only about $209,709 at 4% or $139,806 at 6%; with 50% employer match about $139,806 at 4% or $93,204 at 6%; with 100% employer match about $104,854 at 4% or $69,903 at 6%.
Summit Financial Group Inc. Employee Stock Ownership Plan-335$18,664,856$1,035,602$3,091iApproximate average salary by contribution assumption: employee only about $77,284 at 4% or $51,522 at 6%; with 50% employer match about $51,522 at 4% or $34,348 at 6%; with 100% employer match about $38,642 at 4% or $25,761 at 6%.
Summit Financial Group Inc. Employee Benefits Plan-515---
20225450$54,295,810$3,928,650$8,730iApproximate average salary by contribution assumption: employee only about $218,258 at 4% or $145,506 at 6%; with 50% employer match about $145,506 at 4% or $97,004 at 6%; with 100% employer match about $109,129 at 4% or $72,753 at 6%.
Vba Defined Contribution Plan for Summit Financial Group Inc.-421$36,506,591$2,762,750$6,562iApproximate average salary by contribution assumption: employee only about $164,059 at 4% or $109,373 at 6%; with 50% employer match about $109,373 at 4% or $72,915 at 6%; with 100% employer match about $82,029 at 4% or $54,686 at 6%.
Summit Financial Group Inc. Employee Stock Ownership Plan-325$14,453,747$1,165,900$3,587iApproximate average salary by contribution assumption: employee only about $89,685 at 4% or $59,790 at 6%; with 50% employer match about $59,790 at 4% or $39,860 at 6%; with 100% employer match about $44,842 at 4% or $29,895 at 6%.
FIRST PEOPLES BANK, INC. DEFINED BENEFIT PENSION PLAN-42$3,335,472--
Summit Financial Group Inc. Employee Benefits Plan-450---
Summit Financial Group Inc. Cafeteria Plan-135---
20215443$60,162,892$3,859,095$8,711iApproximate average salary by contribution assumption: employee only about $217,782 at 4% or $145,188 at 6%; with 50% employer match about $145,188 at 4% or $96,792 at 6%; with 100% employer match about $108,891 at 4% or $72,594 at 6%.
Vba Defined Contribution Plan for Summit Financial Group Inc.-425$40,433,524$2,976,641$7,004iApproximate average salary by contribution assumption: employee only about $175,097 at 4% or $116,731 at 6%; with 50% employer match about $116,731 at 4% or $77,821 at 6%; with 100% employer match about $87,548 at 4% or $58,366 at 6%.
Summit Financial Group Inc. Employee Stock Ownership Plan-316$16,087,289$882,454$2,793iApproximate average salary by contribution assumption: employee only about $69,814 at 4% or $46,543 at 6%; with 50% employer match about $46,543 at 4% or $31,029 at 6%; with 100% employer match about $34,907 at 4% or $23,271 at 6%.
FIRST PEOPLES BANK, INC. DEFINED BENEFIT PENSION PLAN-43$3,642,079--
Summit Financial Group Inc. Employee Benefits Plan-443---
Summit Financial Group Inc. Cafeteria Plan-122---
20205414$55,573,114$3,109,867$7,512iApproximate average salary by contribution assumption: employee only about $187,794 at 4% or $125,196 at 6%; with 50% employer match about $125,196 at 4% or $83,464 at 6%; with 100% employer match about $93,897 at 4% or $62,598 at 6%.
Vba Defined Contribution Plan for Summit Financial Group Inc.-409$37,580,783$2,294,468$5,610iApproximate average salary by contribution assumption: employee only about $140,249 at 4% or $93,499 at 6%; with 50% employer match about $93,499 at 4% or $62,333 at 6%; with 100% employer match about $70,124 at 4% or $46,750 at 6%.
Summit Financial Group Inc. Employee Stock Ownership Plan-310$12,855,566$815,399$2,630iApproximate average salary by contribution assumption: employee only about $65,758 at 4% or $43,839 at 6%; with 50% employer match about $43,839 at 4% or $29,226 at 6%; with 100% employer match about $32,879 at 4% or $21,919 at 6%.
FIRST PEOPLES BANK, INC. DEFINED BENEFIT PENSION PLAN-44$5,136,765--
Summit Financial Group Inc. Employee Benefits Plan-414---
Summit Financial Group Inc. Cafeteria Plan-121---
20194362$47,271,394$3,762,105$10,393iApproximate average salary by contribution assumption: employee only about $259,814 at 4% or $173,209 at 6%; with 50% employer match about $173,209 at 4% or $115,473 at 6%; with 100% employer match about $129,907 at 4% or $86,605 at 6%.
Vba Defined Contribution Plan for Summit Financial Group Inc.-355$32,307,744$3,061,321$8,623iApproximate average salary by contribution assumption: employee only about $215,586 at 4% or $143,724 at 6%; with 50% employer match about $143,724 at 4% or $95,816 at 6%; with 100% employer match about $107,793 at 4% or $71,862 at 6%.
Summit Financial Group Inc. Employee Stock Ownership Plan-277$14,963,650$700,784$2,530iApproximate average salary by contribution assumption: employee only about $63,248 at 4% or $42,165 at 6%; with 50% employer match about $42,165 at 4% or $28,110 at 6%; with 100% employer match about $31,624 at 4% or $21,083 at 6%.
Summit Financial Group Inc. Employee Benefits Plan-362---
Summit Financial Group Inc. Cafeteria Plan-149---
20184369$36,718,998$2,591,393$7,023iApproximate average salary by contribution assumption: employee only about $175,569 at 4% or $117,046 at 6%; with 50% employer match about $117,046 at 4% or $78,031 at 6%; with 100% employer match about $87,784 at 4% or $58,523 at 6%.
Vba Defined Contribution Plan for Summit Financial Group Inc.-259$25,455,838$1,945,231$7,511iApproximate average salary by contribution assumption: employee only about $187,764 at 4% or $125,176 at 6%; with 50% employer match about $125,176 at 4% or $83,450 at 6%; with 100% employer match about $93,882 at 4% or $62,588 at 6%.
Summit Financial Group Inc. Employee Stock Ownership Plan-277$11,263,160$646,162$2,333iApproximate average salary by contribution assumption: employee only about $58,318 at 4% or $38,879 at 6%; with 50% employer match about $38,879 at 4% or $25,919 at 6%; with 100% employer match about $29,159 at 4% or $19,439 at 6%.
Summit Financial Group Inc. Cafeteria Plan-155---
Summit Financial Group Inc. Employee Benefits Plan-369---
20174353$33,513,862$2,073,230$5,873iApproximate average salary by contribution assumption: employee only about $146,829 at 4% or $97,886 at 6%; with 50% employer match about $97,886 at 4% or $65,257 at 6%; with 100% employer match about $73,415 at 4% or $48,943 at 6%.
Vba Defined Contribution Plan for Summit Financial Group Inc.-242$18,481,175$1,549,470$6,403iApproximate average salary by contribution assumption: employee only about $160,069 at 4% or $106,713 at 6%; with 50% employer match about $106,713 at 4% or $71,142 at 6%; with 100% employer match about $80,035 at 4% or $53,356 at 6%.
Summit Financial Group Inc. Employee Stock Ownership Plan-188$15,032,687$523,760$2,786iApproximate average salary by contribution assumption: employee only about $69,649 at 4% or $46,433 at 6%; with 50% employer match about $46,433 at 4% or $30,955 at 6%; with 100% employer match about $34,824 at 4% or $23,216 at 6%.
Summit Financial Group Inc. Cafeteria Plan-147---
Summit Financial Group Inc. Employee Benefits Plan-353---
20164239$30,981,653$1,601,794$6,702iApproximate average salary by contribution assumption: employee only about $167,552 at 4% or $111,701 at 6%; with 50% employer match about $111,701 at 4% or $74,467 at 6%; with 100% employer match about $83,776 at 4% or $55,851 at 6%.
Summit Financial Group Inc. Employee Stock Ownership Plan-188$15,982,466$484,308$2,576iApproximate average salary by contribution assumption: employee only about $64,403 at 4% or $42,935 at 6%; with 50% employer match about $42,935 at 4% or $28,623 at 6%; with 100% employer match about $32,201 at 4% or $21,468 at 6%.
Vba Defined Contribution Plan for Summit Financial Group Inc.-232$14,999,187$1,117,486$4,817iApproximate average salary by contribution assumption: employee only about $120,419 at 4% or $80,279 at 6%; with 50% employer match about $80,279 at 4% or $53,519 at 6%; with 100% employer match about $60,209 at 4% or $40,140 at 6%.
Summit Financial Group Inc. Cafeteria Plan-134---
Summit Financial Group Inc. Employee Benefits Plan-239---
20154235$21,270,073$1,479,869$6,297iApproximate average salary by contribution assumption: employee only about $157,433 at 4% or $104,955 at 6%; with 50% employer match about $104,955 at 4% or $69,970 at 6%; with 100% employer match about $78,716 at 4% or $52,478 at 6%.
Vba Defined Contribution Plan for Summit Financial Group Inc.-215$14,213,882$1,017,480$4,732iApproximate average salary by contribution assumption: employee only about $118,312 at 4% or $78,874 at 6%; with 50% employer match about $78,874 at 4% or $52,583 at 6%; with 100% employer match about $59,156 at 4% or $39,437 at 6%.
Summit Financial Group Inc. Employee Stock Ownership Plan-178$7,056,191$462,389$2,598iApproximate average salary by contribution assumption: employee only about $64,942 at 4% or $43,295 at 6%; with 50% employer match about $43,295 at 4% or $28,863 at 6%; with 100% employer match about $32,471 at 4% or $21,647 at 6%.
Summit Financial Group Inc. Cafeteria Plan-139---
Summit Financial Group Inc. Employee Benefits Plan-235---
20145226$18,226,685$1,710,689$7,569iApproximate average salary by contribution assumption: employee only about $189,236 at 4% or $126,157 at 6%; with 50% employer match about $126,157 at 4% or $84,105 at 6%; with 100% employer match about $94,618 at 4% or $63,079 at 6%.
Vba Defined Contribution Plan for Summit Financial Group Inc.-201$13,793,326$998,155$4,966iApproximate average salary by contribution assumption: employee only about $124,149 at 4% or $82,766 at 6%; with 50% employer match about $82,766 at 4% or $55,177 at 6%; with 100% employer match about $62,074 at 4% or $41,383 at 6%.
Summit Financial Group Inc. Employee Stock Ownership Plan-191$4,433,359$712,534$3,731iApproximate average salary by contribution assumption: employee only about $93,264 at 4% or $62,176 at 6%; with 50% employer match about $62,176 at 4% or $41,450 at 6%; with 100% employer match about $46,632 at 4% or $31,088 at 6%.
Summit Financial Group Inc. Employee Benefits Plan-226---
Summit Financial Group Health Reimbursement Arrangement-108---
Summit Financial Group Inc. Cafeteria Plan-136---
20135239$16,692,950$1,122,183$4,695iApproximate average salary by contribution assumption: employee only about $117,383 at 4% or $78,255 at 6%; with 50% employer match about $78,255 at 4% or $52,170 at 6%; with 100% employer match about $58,692 at 4% or $39,128 at 6%.
Vba Defined Contribution Plan for Summit Financial Group Inc.-221$13,404,100$947,882$4,289iApproximate average salary by contribution assumption: employee only about $107,226 at 4% or $71,484 at 6%; with 50% employer match about $71,484 at 4% or $47,656 at 6%; with 100% employer match about $53,613 at 4% or $35,742 at 6%.
Summit Financial Group Inc. Employee Stock Ownership Plan-196$3,288,850$174,301$889iApproximate average salary by contribution assumption: employee only about $22,232 at 4% or $14,822 at 6%; with 50% employer match about $14,822 at 4% or $9,881 at 6%; with 100% employer match about $11,116 at 4% or $7,411 at 6%.
Summit Financial Group Inc. Cafeteria Plan-138---
Summit Financial Group Health Reimbursement Arrangement-104---
Summit Financial Group Inc. Employee Benefits Plan-239---
20125247$13,025,001$1,092,401$4,423iApproximate average salary by contribution assumption: employee only about $110,567 at 4% or $73,711 at 6%; with 50% employer match about $73,711 at 4% or $49,141 at 6%; with 100% employer match about $55,283 at 4% or $36,856 at 6%.
Vba Defined Contribution Plan for Summit Financial Group Inc.-221$11,391,504$992,401$4,491iApproximate average salary by contribution assumption: employee only about $112,263 at 4% or $74,842 at 6%; with 50% employer match about $74,842 at 4% or $49,894 at 6%; with 100% employer match about $56,131 at 4% or $37,421 at 6%.
Summit Financial Group Inc. Employee Stock Ownership Plan-198$1,633,497$100,000$505iApproximate average salary by contribution assumption: employee only about $12,626 at 4% or $8,418 at 6%; with 50% employer match about $8,418 at 4% or $5,612 at 6%; with 100% employer match about $6,313 at 4% or $4,209 at 6%.
Summit Financial Group Inc. Cafeteria Plan-142---
Summit Financial Group Health Reimbursement Arrangement-115---
Summit Financial Group Inc. Employee Benefits Plan-247---
20115307$10,326,930$945,231$3,079iApproximate average salary by contribution assumption: employee only about $76,973 at 4% or $51,315 at 6%; with 50% employer match about $51,315 at 4% or $34,210 at 6%; with 100% employer match about $38,487 at 4% or $25,658 at 6%.
Vba Defined Contribution Plan for Summit Financial Group Inc.-256$9,380,855$876,231$3,423iApproximate average salary by contribution assumption: employee only about $85,569 at 4% or $57,046 at 6%; with 50% employer match about $57,046 at 4% or $38,031 at 6%; with 100% employer match about $42,785 at 4% or $28,523 at 6%.
Summit Financial Group Inc. Employee Stock Ownership Plan-199$946,075$69,000$347iApproximate average salary by contribution assumption: employee only about $8,668 at 4% or $5,779 at 6%; with 50% employer match about $5,779 at 4% or $3,853 at 6%; with 100% employer match about $4,334 at 4% or $2,889 at 6%.
Summit Financial Group Inc. Employee Benefits Plan-307---
Summit Financial Group Health Reimbursement Arrangement-108---
Summit Financial Group Inc. Cafeteria Plan-126---
20104321$10,263,699$866,015$2,698iApproximate average salary by contribution assumption: employee only about $67,447 at 4% or $44,964 at 6%; with 50% employer match about $44,964 at 4% or $29,976 at 6%; with 100% employer match about $33,723 at 4% or $22,482 at 6%.
Vba Defined Contribution Plan for Summit Financial Group Inc.-260$8,971,162$866,015$3,331iApproximate average salary by contribution assumption: employee only about $83,271 at 4% or $55,514 at 6%; with 50% employer match about $55,514 at 4% or $37,009 at 6%; with 100% employer match about $41,635 at 4% or $27,757 at 6%.
Summit Financial Group Inc. Employee Stock Ownership Plan-206$1,292,537--
Summit Financial Group Inc. Employee Benefits Plan-321---
Summit Financial Group Inc. Cafeteria Plan-134---
20094249$8,913,905$927,198$3,724iApproximate average salary by contribution assumption: employee only about $93,092 at 4% or $62,061 at 6%; with 50% employer match about $62,061 at 4% or $41,374 at 6%; with 100% employer match about $46,546 at 4% or $31,031 at 6%.
Vba Defined Contribution Plan for Summit Financial Group Inc.-217$7,626,357$921,056$4,244iApproximate average salary by contribution assumption: employee only about $106,112 at 4% or $70,742 at 6%; with 50% employer match about $70,742 at 4% or $47,161 at 6%; with 100% employer match about $53,056 at 4% or $35,371 at 6%.
Summit Financial Group Inc. Employee Stock Ownership Plan-195$1,287,548$6,142$31iApproximate average salary by contribution assumption: employee only about $787 at 4% or $525 at 6%; with 50% employer match about $525 at 4% or $350 at 6%; with 100% employer match about $394 at 4% or $262 at 6%.
Summit Financial Group Inc. Employee Benefits Plan-249---
Summit Financial Group Inc. Cafeteria Plan-121---
20082191$8,160,141$1,448,419$7,583iApproximate average salary by contribution assumption: employee only about $189,584 at 4% or $126,389 at 6%; with 50% employer match about $126,389 at 4% or $84,259 at 6%; with 100% employer match about $94,792 at 4% or $63,195 at 6%.
Vba Defined Contribution Plan for Summit Financial Group Inc.-191$5,404,180$1,063,769$5,569iApproximate average salary by contribution assumption: employee only about $139,237 at 4% or $92,825 at 6%; with 50% employer match about $92,825 at 4% or $61,883 at 6%; with 100% employer match about $69,618 at 4% or $46,412 at 6%.
Summit Financial Group Inc. Employee Stock Ownership Plan-173$2,755,961$384,650$2,223iApproximate average salary by contribution assumption: employee only about $55,585 at 4% or $37,057 at 6%; with 50% employer match about $37,057 at 4% or $24,705 at 6%; with 100% employer match about $27,793 at 4% or $18,528 at 6%.
20072199$9,957,505$1,293,515$6,500iApproximate average salary by contribution assumption: employee only about $162,502 at 4% or $108,335 at 6%; with 50% employer match about $108,335 at 4% or $72,223 at 6%; with 100% employer match about $81,251 at 4% or $54,167 at 6%.
Vba Defined Contribution Plan for Summit Financial Group Inc.-199$6,408,138$924,509$4,646iApproximate average salary by contribution assumption: employee only about $116,144 at 4% or $77,430 at 6%; with 50% employer match about $77,430 at 4% or $51,620 at 6%; with 100% employer match about $58,072 at 4% or $38,715 at 6%.
Summit Financial Group Inc. Employee Stock Ownership Plan-183$3,549,367$369,006$2,016iApproximate average salary by contribution assumption: employee only about $50,411 at 4% or $33,607 at 6%; with 50% employer match about $33,607 at 4% or $22,405 at 6%; with 100% employer match about $25,205 at 4% or $16,804 at 6%.
20062206$10,133,297$1,530,360$7,429iApproximate average salary by contribution assumption: employee only about $185,723 at 4% or $123,816 at 6%; with 50% employer match about $123,816 at 4% or $82,544 at 6%; with 100% employer match about $92,862 at 4% or $61,908 at 6%.
Vba Defined Contribution Plan for Summit Financial Group Inc.-206$5,582,599$1,137,167$5,520iApproximate average salary by contribution assumption: employee only about $138,006 at 4% or $92,004 at 6%; with 50% employer match about $92,004 at 4% or $61,336 at 6%; with 100% employer match about $69,003 at 4% or $46,002 at 6%.
Summit Financial Group Inc. Employee Stock Ownership Plan-205$4,550,698$393,193$1,918iApproximate average salary by contribution assumption: employee only about $47,950 at 4% or $31,967 at 6%; with 50% employer match about $31,967 at 4% or $21,311 at 6%; with 100% employer match about $23,975 at 4% or $15,983 at 6%.
20052206$9,285,224$1,226,748$5,955iApproximate average salary by contribution assumption: employee only about $148,877 at 4% or $99,251 at 6%; with 50% employer match about $99,251 at 4% or $66,168 at 6%; with 100% employer match about $74,439 at 4% or $49,626 at 6%.
Summit Financial Group Inc. Employee Stock Ownership Plan-204$4,926,675$354,757$1,739iApproximate average salary by contribution assumption: employee only about $43,475 at 4% or $28,983 at 6%; with 50% employer match about $28,983 at 4% or $19,322 at 6%; with 100% employer match about $21,738 at 4% or $14,492 at 6%.
Vba Defined Contribution Plan for Summit Financial Group Inc.-206$4,358,549$871,991$4,233iApproximate average salary by contribution assumption: employee only about $105,824 at 4% or $70,549 at 6%; with 50% employer match about $70,549 at 4% or $47,033 at 6%; with 100% employer match about $52,912 at 4% or $35,275 at 6%.
20042138$8,944,980$746,872$5,412iApproximate average salary by contribution assumption: employee only about $135,303 at 4% or $90,202 at 6%; with 50% employer match about $90,202 at 4% or $60,135 at 6%; with 100% employer match about $67,651 at 4% or $45,101 at 6%.
Summit Financial Group Inc. Employee Stock Ownership Plan-137$5,642,763$232,521$1,697iApproximate average salary by contribution assumption: employee only about $42,431 at 4% or $28,287 at 6%; with 50% employer match about $28,287 at 4% or $18,858 at 6%; with 100% employer match about $21,215 at 4% or $14,144 at 6%.
Vba Defined Contribution Plan for Summit Financial Group Inc.-138$3,302,217$514,351$3,727iApproximate average salary by contribution assumption: employee only about $93,180 at 4% or $62,120 at 6%; with 50% employer match about $62,120 at 4% or $41,413 at 6%; with 100% employer match about $46,590 at 4% or $31,060 at 6%.
20032140$5,902,685$657,341$4,695iApproximate average salary by contribution assumption: employee only about $117,382 at 4% or $78,255 at 6%; with 50% employer match about $78,255 at 4% or $52,170 at 6%; with 100% employer match about $58,691 at 4% or $39,127 at 6%.
Summit Financial Group Inc. Employee Stock Ownership Plan-140$3,307,904$217,844$1,556iApproximate average salary by contribution assumption: employee only about $38,901 at 4% or $25,934 at 6%; with 50% employer match about $25,934 at 4% or $17,289 at 6%; with 100% employer match about $19,450 at 4% or $12,967 at 6%.
Vba Defined Contribution Plan for Summit Financial Group Inc.-137$2,594,781$439,497$3,208iApproximate average salary by contribution assumption: employee only about $80,200 at 4% or $53,467 at 6%; with 50% employer match about $53,467 at 4% or $35,645 at 6%; with 100% employer match about $40,100 at 4% or $26,733 at 6%.
20022131$3,568,835$600,513$4,584iApproximate average salary by contribution assumption: employee only about $114,602 at 4% or $76,401 at 6%; with 50% employer match about $76,401 at 4% or $50,934 at 6%; with 100% employer match about $57,301 at 4% or $38,201 at 6%.
Vba Defined Contribution Plan for Summit Financial Group Inc.-112$1,821,498$400,920$3,580iApproximate average salary by contribution assumption: employee only about $89,491 at 4% or $59,661 at 6%; with 50% employer match about $59,661 at 4% or $39,774 at 6%; with 100% employer match about $44,746 at 4% or $29,830 at 6%.
Summit Financial Group Inc. Employee Stock Ownership Plan-131$1,747,337$199,593$1,524iApproximate average salary by contribution assumption: employee only about $38,090 at 4% or $25,394 at 6%; with 50% employer match about $25,394 at 4% or $16,929 at 6%; with 100% employer match about $19,045 at 4% or $12,697 at 6%.
20012107$2,929,153$455,988$4,262iApproximate average salary by contribution assumption: employee only about $106,539 at 4% or $71,026 at 6%; with 50% employer match about $71,026 at 4% or $47,351 at 6%; with 100% employer match about $53,270 at 4% or $35,513 at 6%.
Vba Defined Contribution Plan for Summit Financial Group Inc.-92$1,751,942$294,826$3,205iApproximate average salary by contribution assumption: employee only about $80,116 at 4% or $53,411 at 6%; with 50% employer match about $53,411 at 4% or $35,607 at 6%; with 100% employer match about $40,058 at 4% or $26,705 at 6%.
Summit Financial Group Inc. Employee Stock Ownership Plan-107$1,177,211$161,162$1,506iApproximate average salary by contribution assumption: employee only about $37,655 at 4% or $25,103 at 6%; with 50% employer match about $25,103 at 4% or $16,735 at 6%; with 100% employer match about $18,827 at 4% or $12,552 at 6%.
2000397$2,380,453$634,759$6,544iApproximate average salary by contribution assumption: employee only about $163,598 at 4% or $109,065 at 6%; with 50% employer match about $109,065 at 4% or $72,710 at 6%; with 100% employer match about $81,799 at 4% or $54,533 at 6%.
Vba Defined Contribution Plan for Summit Financial Group Inc.-97$1,767,995$496,969$5,123iApproximate average salary by contribution assumption: employee only about $128,085 at 4% or $85,390 at 6%; with 50% employer match about $85,390 at 4% or $56,927 at 6%; with 100% employer match about $64,042 at 4% or $42,695 at 6%.
Summit Financial Group Inc. Employee Stock Ownership Plan-96$612,458$137,790$1,435iApproximate average salary by contribution assumption: employee only about $35,883 at 4% or $23,922 at 6%; with 50% employer match about $23,922 at 4% or $15,948 at 6%; with 100% employer match about $17,941 at 4% or $11,961 at 6%.
Vba Defined Contribution Plan for Summit Financial Group Inc.-97---