SUMMIT FINANCIAL CORP
Plan context: Summit Financial Corporation Money Purchase Plan
EIN 59-2470828 • Plantation, FL • 12 filings • 3 plans
Current Snapshot
Latest Year
2018
2018 Participants
31
2018 Assets
$1,849,586
2018 Contributions
$114,669
Historical Graphs
Total Assets Over Time
Aggregate end-of-year assets by filing year, excluding zero-asset years
Participants Over Time
Largest reported end-of-year plan headcount by filing year, used to avoid double-counting participants across overlapping plans
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 / Filing | Filings | Participants | Assets | Contributions | Contrib./Participant |
|---|---|---|---|---|---|
| 2018 | 1 | 31 | $1,849,586 | $114,669 | $3,699iApproximate average salary by contribution assumption: employee only about $92,475 at 4% or $61,650 at 6%; with 50% employer match about $61,650 at 4% or $41,100 at 6%; with 100% employer match about $46,238 at 4% or $30,825 at 6%. |
| Summit Financial Corporation Money Purchase Plan | - | 31 | $1,849,586 | $114,669 | $3,699iApproximate average salary by contribution assumption: employee only about $92,475 at 4% or $61,650 at 6%; with 50% employer match about $61,650 at 4% or $41,100 at 6%; with 100% employer match about $46,238 at 4% or $30,825 at 6%. |
| 2017 | 1 | 36 | $2,088,888 | $102,475 | $2,847iApproximate average salary by contribution assumption: employee only about $71,163 at 4% or $47,442 at 6%; with 50% employer match about $47,442 at 4% or $31,628 at 6%; with 100% employer match about $35,582 at 4% or $23,721 at 6%. |
| Summit Financial Corporation Money Purchase Plan | - | 36 | $2,088,888 | $102,475 | $2,847iApproximate average salary by contribution assumption: employee only about $71,163 at 4% or $47,442 at 6%; with 50% employer match about $47,442 at 4% or $31,628 at 6%; with 100% employer match about $35,582 at 4% or $23,721 at 6%. |
| 2004 | 1 | 0 | $0 | $0 | - |
| Summit Financial Corporation Profit Sharing Plan | - | 0 | - | - | - |
| 2003 | 1 | 15 | $259,541 | $0 | - |
| Summit Financial Corporation Profit Sharing Plan | - | 15 | $259,541 | - | - |
| 2002 | 2 | 11 | $233,145 | $0 | - |
| Summit Financial Corporation Profit Sharing Plan | - | 11 | $233,145 | - | - |
| Summit Financial Corporation Money Purchase Plan | - | 0 | - | - | - |
| 2001 | 2 | 9 | $308,546 | $50,526 | $5,614iApproximate average salary by contribution assumption: employee only about $140,350 at 4% or $93,567 at 6%; with 50% employer match about $93,567 at 4% or $62,378 at 6%; with 100% employer match about $70,175 at 4% or $46,783 at 6%. |
| Summit Financial Corporation Money Purchase Plan | - | 9 | $292,100 | $50,526 | $5,614iApproximate average salary by contribution assumption: employee only about $140,350 at 4% or $93,567 at 6%; with 50% employer match about $93,567 at 4% or $62,378 at 6%; with 100% employer match about $70,175 at 4% or $46,783 at 6%. |
| Summit Financial Corporation Profit Sharing Plan | - | 9 | $16,446 | - | - |
| 2000 | 2 | 7 | $322,601 | $35,648 | $5,093iApproximate average salary by contribution assumption: employee only about $127,314 at 4% or $84,876 at 6%; with 50% employer match about $84,876 at 4% or $56,584 at 6%; with 100% employer match about $63,657 at 4% or $42,438 at 6%. |
| Summit Financial Corporation Money Purchase Plan | - | 7 | $305,965 | $35,648 | $5,093iApproximate average salary by contribution assumption: employee only about $127,314 at 4% or $84,876 at 6%; with 50% employer match about $84,876 at 4% or $56,584 at 6%; with 100% employer match about $63,657 at 4% or $42,438 at 6%. |
| Summit Financial Corporation Profit Sharing Plan | - | 7 | $16,636 | - | - |
| 1999 | 2 | 6 | $649,948 | $26,758 | $4,460iApproximate average salary by contribution assumption: employee only about $111,492 at 4% or $74,328 at 6%; with 50% employer match about $74,328 at 4% or $49,552 at 6%; with 100% employer match about $55,746 at 4% or $37,164 at 6%. |
| Summit Financial Corporation Money Purchase Plan | - | 6 | $549,103 | $26,758 | $4,460iApproximate average salary by contribution assumption: employee only about $111,492 at 4% or $74,328 at 6%; with 50% employer match about $74,328 at 4% or $49,552 at 6%; with 100% employer match about $55,746 at 4% or $37,164 at 6%. |
| Summit Financial Corporation Profit Sharing Plan | - | 6 | $100,845 | - | - |