Civic Intelligence

Summit Contracting Corp.

Plan context: Summit Contracting Corp. Profit Sharing Plan

EIN 65-1034755 • Delray Beach, FL • 20 filings • 2 plans

320 West Malloroy CircleDelray Beach, FL 33483
Current Snapshot

Latest Year

2023

2023 Participants

3

2023 Assets

$650,052

2023 Contributions

$8,058

Historical Graphs

Total Assets Over Time

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

$798,056$399,028$0201420182022YearValue
$650,052Latest year 2022

Participants Over Time

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

530201420182022YearValue
3Latest year 2022

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
202320$0$8,058-
Summit Contracting Corp. Cash Balance Pension Plan-0$0$0-
Summit Contracting Corp. Profit Sharing Plan-0$0$8,058-
202223$650,052$3,665$1,222iApproximate average salary by contribution assumption: employee only about $30,542 at 4% or $20,361 at 6%; with 50% employer match about $20,361 at 4% or $13,574 at 6%; with 100% employer match about $15,271 at 4% or $10,181 at 6%.
Summit Contracting Corp. Cash Balance Pension Plan-3$548,282$0-
Summit Contracting Corp. Profit Sharing Plan-3$101,770$3,665$1,222iApproximate average salary by contribution assumption: employee only about $30,542 at 4% or $20,361 at 6%; with 50% employer match about $20,361 at 4% or $13,574 at 6%; with 100% employer match about $15,271 at 4% or $10,181 at 6%.
202124$798,056$7,632$1,908iApproximate average salary by contribution assumption: employee only about $47,700 at 4% or $31,800 at 6%; with 50% employer match about $31,800 at 4% or $21,200 at 6%; with 100% employer match about $23,850 at 4% or $15,900 at 6%.
Summit Contracting Corp. Cash Balance Pension Plan-4$685,399$0-
Summit Contracting Corp. Profit Sharing Plan-3$112,657$7,632$2,544iApproximate average salary by contribution assumption: employee only about $63,600 at 4% or $42,400 at 6%; with 50% employer match about $42,400 at 4% or $28,267 at 6%; with 100% employer match about $31,800 at 4% or $21,200 at 6%.
202024$692,249$7,722$1,931iApproximate average salary by contribution assumption: employee only about $48,263 at 4% or $32,175 at 6%; with 50% employer match about $32,175 at 4% or $21,450 at 6%; with 100% employer match about $24,131 at 4% or $16,088 at 6%.
Summit Contracting Corp. Cash Balance Pension Plan-3$597,106$0-
Summit Contracting Corp. Profit Sharing Plan-4$95,143$7,722$1,931iApproximate average salary by contribution assumption: employee only about $48,263 at 4% or $32,175 at 6%; with 50% employer match about $32,175 at 4% or $21,450 at 6%; with 100% employer match about $24,131 at 4% or $16,088 at 6%.
201925$589,045$20,966$4,193iApproximate average salary by contribution assumption: employee only about $104,830 at 4% or $69,887 at 6%; with 50% employer match about $69,887 at 4% or $46,591 at 6%; with 100% employer match about $52,415 at 4% or $34,943 at 6%.
Summit Contracting Corp. Cash Balance Pension Plan-5$497,633$0-
Summit Contracting Corp. Profit Sharing Plan-5$91,412$20,966$4,193iApproximate average salary by contribution assumption: employee only about $104,830 at 4% or $69,887 at 6%; with 50% employer match about $69,887 at 4% or $46,591 at 6%; with 100% employer match about $52,415 at 4% or $34,943 at 6%.
201824$567,520$18,740$4,685iApproximate average salary by contribution assumption: employee only about $117,125 at 4% or $78,083 at 6%; with 50% employer match about $78,083 at 4% or $52,056 at 6%; with 100% employer match about $58,563 at 4% or $39,042 at 6%.
Summit Contracting Corp. Cash Balance Pension Plan-4$472,814$0-
Summit Contracting Corp. Profit Sharing Plan-4$94,706$18,740$4,685iApproximate average salary by contribution assumption: employee only about $117,125 at 4% or $78,083 at 6%; with 50% employer match about $78,083 at 4% or $52,056 at 6%; with 100% employer match about $58,563 at 4% or $39,042 at 6%.
201723$600,289$16,377$5,459iApproximate average salary by contribution assumption: employee only about $136,475 at 4% or $90,983 at 6%; with 50% employer match about $90,983 at 4% or $60,656 at 6%; with 100% employer match about $68,238 at 4% or $45,492 at 6%.
Summit Contracting Corp. Cash Balance Pension Plan-3$509,574$0-
Summit Contracting Corp. Profit Sharing Plan-3$90,715$16,377$5,459iApproximate average salary by contribution assumption: employee only about $136,475 at 4% or $90,983 at 6%; with 50% employer match about $90,983 at 4% or $60,656 at 6%; with 100% employer match about $68,238 at 4% or $45,492 at 6%.
201624$506,355$201,835$50,459iApproximate average salary by contribution assumption: employee only about $1,261,469 at 4% or $840,979 at 6%; with 50% employer match about $840,979 at 4% or $560,653 at 6%; with 100% employer match about $630,734 at 4% or $420,490 at 6%.
Summit Contracting Corp. Cash Balance Pension Plan-3$445,115$190,562$63,521iApproximate average salary by contribution assumption: employee only about $1,588,017 at 4% or $1,058,678 at 6%; with 50% employer match about $1,058,678 at 4% or $705,785 at 6%; with 100% employer match about $794,008 at 4% or $529,339 at 6%.
Summit Contracting Corp. Profit Sharing Plan-4$61,240$11,273$2,818iApproximate average salary by contribution assumption: employee only about $70,456 at 4% or $46,971 at 6%; with 50% employer match about $46,971 at 4% or $31,314 at 6%; with 100% employer match about $35,228 at 4% or $23,485 at 6%.
201523$304,048$180,000$60,000iApproximate average salary by contribution assumption: employee only about $1,500,000 at 4% or $1,000,000 at 6%; with 50% employer match about $1,000,000 at 4% or $666,667 at 6%; with 100% employer match about $750,000 at 4% or $500,000 at 6%.
Summit Contracting Corp. Cash Balance Pension Plan-3$247,857$129,978$43,326iApproximate average salary by contribution assumption: employee only about $1,083,150 at 4% or $722,100 at 6%; with 50% employer match about $722,100 at 4% or $481,400 at 6%; with 100% employer match about $541,575 at 4% or $361,050 at 6%.
Summit Contracting Corp. Profit Sharing Plan-3$56,191$50,022$16,674iApproximate average salary by contribution assumption: employee only about $416,850 at 4% or $277,900 at 6%; with 50% employer match about $277,900 at 4% or $185,267 at 6%; with 100% employer match about $208,425 at 4% or $138,950 at 6%.
201423$125,773$125,773$41,924iApproximate average salary by contribution assumption: employee only about $1,048,108 at 4% or $698,739 at 6%; with 50% employer match about $698,739 at 4% or $465,826 at 6%; with 100% employer match about $524,054 at 4% or $349,369 at 6%.
Summit Contracting Corp. Cash Balance Pension Plan-3$119,326$119,326$39,775iApproximate average salary by contribution assumption: employee only about $994,383 at 4% or $662,922 at 6%; with 50% employer match about $662,922 at 4% or $441,948 at 6%; with 100% employer match about $497,192 at 4% or $331,461 at 6%.
Summit Contracting Corp. Profit Sharing Plan-3$6,447$6,447$2,149iApproximate average salary by contribution assumption: employee only about $53,725 at 4% or $35,817 at 6%; with 50% employer match about $35,817 at 4% or $23,878 at 6%; with 100% employer match about $26,863 at 4% or $17,908 at 6%.