Civic Intelligence

Summit Community Bank

Plan context: Summit Community Bank 401K Plan

EIN 81-0587940 • East Lansing, MI • 11 filings • 2 plans

1600 Abbott RoadEast Lansing, MI 48823
Current Snapshot

Latest Year

2014

2014 Participants

71

2014 Assets

$3,128,417

2014 Contributions

$15,155

Historical Graphs

Total Assets Over Time

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

$3,128,417$1,564,209$0200420092013YearValue
$3,128,417Latest year 2013

Participants Over Time

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

71360200420092013YearValue
71Latest year 2013

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
201410$0$15,155-
Summit Community Bank 401K Plan-0$0$15,155-
2013171$3,128,417$510,423$7,189iApproximate average salary by contribution assumption: employee only about $179,726 at 4% or $119,818 at 6%; with 50% employer match about $119,818 at 4% or $79,878 at 6%; with 100% employer match about $89,863 at 4% or $59,909 at 6%.
Summit Community Bank 401K Plan-71$3,128,417$510,423$7,189iApproximate average salary by contribution assumption: employee only about $179,726 at 4% or $119,818 at 6%; with 50% employer match about $119,818 at 4% or $79,878 at 6%; with 100% employer match about $89,863 at 4% or $59,909 at 6%.
2012167$2,407,493$382,958$5,716iApproximate average salary by contribution assumption: employee only about $142,895 at 4% or $95,263 at 6%; with 50% employer match about $95,263 at 4% or $63,509 at 6%; with 100% employer match about $71,447 at 4% or $47,632 at 6%.
Summit Community Bank 401K Plan-67$2,407,493$382,958$5,716iApproximate average salary by contribution assumption: employee only about $142,895 at 4% or $95,263 at 6%; with 50% employer match about $95,263 at 4% or $63,509 at 6%; with 100% employer match about $71,447 at 4% or $47,632 at 6%.
2011162$1,856,911$303,206$4,890iApproximate average salary by contribution assumption: employee only about $122,260 at 4% or $81,507 at 6%; with 50% employer match about $81,507 at 4% or $54,338 at 6%; with 100% employer match about $61,130 at 4% or $40,753 at 6%.
Summit Community Bank 401K Plan-62$1,856,911$303,206$4,890iApproximate average salary by contribution assumption: employee only about $122,260 at 4% or $81,507 at 6%; with 50% employer match about $81,507 at 4% or $54,338 at 6%; with 100% employer match about $61,130 at 4% or $40,753 at 6%.
2010148$1,647,926$254,125$5,294iApproximate average salary by contribution assumption: employee only about $132,357 at 4% or $88,238 at 6%; with 50% employer match about $88,238 at 4% or $58,825 at 6%; with 100% employer match about $66,178 at 4% or $44,119 at 6%.
Summit Community Bank 401K Plan-48$1,647,926$254,125$5,294iApproximate average salary by contribution assumption: employee only about $132,357 at 4% or $88,238 at 6%; with 50% employer match about $88,238 at 4% or $58,825 at 6%; with 100% employer match about $66,178 at 4% or $44,119 at 6%.
2009121$1,265,931$804,728$38,320iApproximate average salary by contribution assumption: employee only about $958,010 at 4% or $638,673 at 6%; with 50% employer match about $638,673 at 4% or $425,782 at 6%; with 100% employer match about $479,005 at 4% or $319,337 at 6%.
Summit Community Bank 401K Plan-21$1,265,931$804,728$38,320iApproximate average salary by contribution assumption: employee only about $958,010 at 4% or $638,673 at 6%; with 50% employer match about $638,673 at 4% or $425,782 at 6%; with 100% employer match about $479,005 at 4% or $319,337 at 6%.
2008120$368,842$118,644$5,932iApproximate average salary by contribution assumption: employee only about $148,305 at 4% or $98,870 at 6%; with 50% employer match about $98,870 at 4% or $65,913 at 6%; with 100% employer match about $74,153 at 4% or $49,435 at 6%.
Summit Community Bank 401K Plan-20$368,842$118,644$5,932iApproximate average salary by contribution assumption: employee only about $148,305 at 4% or $98,870 at 6%; with 50% employer match about $98,870 at 4% or $65,913 at 6%; with 100% employer match about $74,153 at 4% or $49,435 at 6%.
2007119$438,436$93,232$4,907iApproximate average salary by contribution assumption: employee only about $122,674 at 4% or $81,782 at 6%; with 50% employer match about $81,782 at 4% or $54,522 at 6%; with 100% employer match about $61,337 at 4% or $40,891 at 6%.
Summit Community Bank 401K Plan-19$438,436$93,232$4,907iApproximate average salary by contribution assumption: employee only about $122,674 at 4% or $81,782 at 6%; with 50% employer match about $81,782 at 4% or $54,522 at 6%; with 100% employer match about $61,337 at 4% or $40,891 at 6%.
2006114$354,210$82,766$5,912iApproximate average salary by contribution assumption: employee only about $147,796 at 4% or $98,531 at 6%; with 50% employer match about $98,531 at 4% or $65,687 at 6%; with 100% employer match about $73,898 at 4% or $49,265 at 6%.
Summit Community Bank 401K Plan-14$354,210$82,766$5,912iApproximate average salary by contribution assumption: employee only about $147,796 at 4% or $98,531 at 6%; with 50% employer match about $98,531 at 4% or $65,687 at 6%; with 100% employer match about $73,898 at 4% or $49,265 at 6%.
2005114$258,703$83,559$5,969iApproximate average salary by contribution assumption: employee only about $149,213 at 4% or $99,475 at 6%; with 50% employer match about $99,475 at 4% or $66,317 at 6%; with 100% employer match about $74,606 at 4% or $49,738 at 6%.
Summit Community Bank 401K Plan-14$258,703$83,559$5,969iApproximate average salary by contribution assumption: employee only about $149,213 at 4% or $99,475 at 6%; with 50% employer match about $99,475 at 4% or $66,317 at 6%; with 100% employer match about $74,606 at 4% or $49,738 at 6%.
2004111$156,364$146,551$13,323iApproximate average salary by contribution assumption: employee only about $333,070 at 4% or $222,047 at 6%; with 50% employer match about $222,047 at 4% or $148,031 at 6%; with 100% employer match about $166,535 at 4% or $111,023 at 6%.
Summit Community Bank 401K Plan-11$156,364$146,551$13,323iApproximate average salary by contribution assumption: employee only about $333,070 at 4% or $222,047 at 6%; with 50% employer match about $222,047 at 4% or $148,031 at 6%; with 100% employer match about $166,535 at 4% or $111,023 at 6%.