Civic Intelligence

Summit Commercial Finance Co.

Plan context: Summit Commercial Finance Co. 401(K) Profit Sharing Plan & Trust

EIN 86-0944963 • Gig Harbor, WA • 17 filings • 3 plans

P.O. Box 2149Gig Harbor, WA 98335
Current Snapshot

Latest Year

2020

2020 Participants

7

2020 Assets

$518,747

2020 Contributions

$626

Historical Graphs

Total Assets Over Time

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

$603,426$301,713$0200520132020YearValue
$518,747Latest year 2020

Participants Over Time

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

21110200520132020YearValue
7Latest year 2020

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
202027$518,747$626$89iApproximate average salary by contribution assumption: employee only about $2,236 at 4% or $1,490 at 6%; with 50% employer match about $1,490 at 4% or $994 at 6%; with 100% employer match about $1,118 at 4% or $745 at 6%.
Summit Commercial Finance Co. 401(K) Profit Sharing Plan & Trust-7$518,747$626$89iApproximate average salary by contribution assumption: employee only about $2,236 at 4% or $1,490 at 6%; with 50% employer match about $1,490 at 4% or $994 at 6%; with 100% employer match about $1,118 at 4% or $745 at 6%.
Summit Commercial Finance Co. 401(K) Profit Sharing Plan & Trust-0$0--
201917$439,820$11,654$1,665iApproximate average salary by contribution assumption: employee only about $41,621 at 4% or $27,748 at 6%; with 50% employer match about $27,748 at 4% or $18,498 at 6%; with 100% employer match about $20,811 at 4% or $13,874 at 6%.
Summit Commercial Finance Co. 401(K) Profit Sharing Plan & Trust-7$439,820$11,654$1,665iApproximate average salary by contribution assumption: employee only about $41,621 at 4% or $27,748 at 6%; with 50% employer match about $27,748 at 4% or $18,498 at 6%; with 100% employer match about $20,811 at 4% or $13,874 at 6%.
201818$357,249$13,230$1,654iApproximate average salary by contribution assumption: employee only about $41,344 at 4% or $27,563 at 6%; with 50% employer match about $27,563 at 4% or $18,375 at 6%; with 100% employer match about $20,672 at 4% or $13,781 at 6%.
Summit Commercial Finance Co. 401(K) Profit Sharing Plan & Trust-8$357,249$13,230$1,654iApproximate average salary by contribution assumption: employee only about $41,344 at 4% or $27,563 at 6%; with 50% employer match about $27,563 at 4% or $18,375 at 6%; with 100% employer match about $20,672 at 4% or $13,781 at 6%.
201716$572,789$8,680$1,447iApproximate average salary by contribution assumption: employee only about $36,167 at 4% or $24,111 at 6%; with 50% employer match about $24,111 at 4% or $16,074 at 6%; with 100% employer match about $18,083 at 4% or $12,056 at 6%.
Summit Commercial Finance Co. 401(K) Profit Sharing Plan & Trust-6$572,789$8,680$1,447iApproximate average salary by contribution assumption: employee only about $36,167 at 4% or $24,111 at 6%; with 50% employer match about $24,111 at 4% or $16,074 at 6%; with 100% employer match about $18,083 at 4% or $12,056 at 6%.
201616$603,426$5,418$903iApproximate average salary by contribution assumption: employee only about $22,575 at 4% or $15,050 at 6%; with 50% employer match about $15,050 at 4% or $10,033 at 6%; with 100% employer match about $11,288 at 4% or $7,525 at 6%.
Summit Commercial Finance Co. 401(K) Profit Sharing Plan & Trust-6$603,426$5,418$903iApproximate average salary by contribution assumption: employee only about $22,575 at 4% or $15,050 at 6%; with 50% employer match about $15,050 at 4% or $10,033 at 6%; with 100% employer match about $11,288 at 4% or $7,525 at 6%.
201515$563,693$41,517$8,303iApproximate average salary by contribution assumption: employee only about $207,585 at 4% or $138,390 at 6%; with 50% employer match about $138,390 at 4% or $92,260 at 6%; with 100% employer match about $103,793 at 4% or $69,195 at 6%.
Summit Commercial Finance Co. 401(K) Profit Sharing Plan & Trust-5$563,693$41,517$8,303iApproximate average salary by contribution assumption: employee only about $207,585 at 4% or $138,390 at 6%; with 50% employer match about $138,390 at 4% or $92,260 at 6%; with 100% employer match about $103,793 at 4% or $69,195 at 6%.
201415$537,533$35,904$7,181iApproximate average salary by contribution assumption: employee only about $179,520 at 4% or $119,680 at 6%; with 50% employer match about $119,680 at 4% or $79,787 at 6%; with 100% employer match about $89,760 at 4% or $59,840 at 6%.
Summit Commercial Finance Co. 401(K) Profit Sharing Plan & Trust-5$537,533$35,904$7,181iApproximate average salary by contribution assumption: employee only about $179,520 at 4% or $119,680 at 6%; with 50% employer match about $119,680 at 4% or $79,787 at 6%; with 100% employer match about $89,760 at 4% or $59,840 at 6%.
201317$488,454$27,850$3,979iApproximate average salary by contribution assumption: employee only about $99,464 at 4% or $66,310 at 6%; with 50% employer match about $66,310 at 4% or $44,206 at 6%; with 100% employer match about $49,732 at 4% or $33,155 at 6%.
Summit Commercial Finance Co. 401(K) Profit Sharing Plan & Trust-7$488,454$27,850$3,979iApproximate average salary by contribution assumption: employee only about $99,464 at 4% or $66,310 at 6%; with 50% employer match about $66,310 at 4% or $44,206 at 6%; with 100% employer match about $49,732 at 4% or $33,155 at 6%.
2012112$520,250$12,720$1,060iApproximate average salary by contribution assumption: employee only about $26,500 at 4% or $17,667 at 6%; with 50% employer match about $17,667 at 4% or $11,778 at 6%; with 100% employer match about $13,250 at 4% or $8,833 at 6%.
Summit Commercial Finance Co. 401(K) Profit Sharing Plan & Trust-12$520,250$12,720$1,060iApproximate average salary by contribution assumption: employee only about $26,500 at 4% or $17,667 at 6%; with 50% employer match about $17,667 at 4% or $11,778 at 6%; with 100% employer match about $13,250 at 4% or $8,833 at 6%.
201117$258,775$7,998$1,143iApproximate average salary by contribution assumption: employee only about $28,564 at 4% or $19,043 at 6%; with 50% employer match about $19,043 at 4% or $12,695 at 6%; with 100% employer match about $14,282 at 4% or $9,521 at 6%.
Summit Commercial Finance Co. 401(K) Profit Sharing Plan & Trust-7$258,775$7,998$1,143iApproximate average salary by contribution assumption: employee only about $28,564 at 4% or $19,043 at 6%; with 50% employer match about $19,043 at 4% or $12,695 at 6%; with 100% employer match about $14,282 at 4% or $9,521 at 6%.
201018$267,670$10,225$1,278iApproximate average salary by contribution assumption: employee only about $31,953 at 4% or $21,302 at 6%; with 50% employer match about $21,302 at 4% or $14,201 at 6%; with 100% employer match about $15,977 at 4% or $10,651 at 6%.
Summit Commercial Finance Co. 401(K) Profit Sharing Plan & Trust-8$267,670$10,225$1,278iApproximate average salary by contribution assumption: employee only about $31,953 at 4% or $21,302 at 6%; with 50% employer match about $21,302 at 4% or $14,201 at 6%; with 100% employer match about $15,977 at 4% or $10,651 at 6%.
2009110$225,874$12,091$1,209iApproximate average salary by contribution assumption: employee only about $30,227 at 4% or $20,152 at 6%; with 50% employer match about $20,152 at 4% or $13,434 at 6%; with 100% employer match about $15,114 at 4% or $10,076 at 6%.
Summit Commercial Finance Co. 401(K) Profit Sharing Plan & Trust-10$225,874$12,091$1,209iApproximate average salary by contribution assumption: employee only about $30,227 at 4% or $20,152 at 6%; with 50% employer match about $20,152 at 4% or $13,434 at 6%; with 100% employer match about $15,114 at 4% or $10,076 at 6%.
2008120$191,272$55,041$2,752iApproximate average salary by contribution assumption: employee only about $68,801 at 4% or $45,868 at 6%; with 50% employer match about $45,868 at 4% or $30,578 at 6%; with 100% employer match about $34,401 at 4% or $22,934 at 6%.
Summit Commercial Finance Co. 401(K) Profit Sharing Plan & Trust-20$191,272$55,041$2,752iApproximate average salary by contribution assumption: employee only about $68,801 at 4% or $45,868 at 6%; with 50% employer match about $45,868 at 4% or $30,578 at 6%; with 100% employer match about $34,401 at 4% or $22,934 at 6%.
2007119$0$0-
Summit Commercial Finance Co. 401(K) Profit Sharing Plan & Trust-19---
2006121$202,088$56,758$2,703iApproximate average salary by contribution assumption: employee only about $67,569 at 4% or $45,046 at 6%; with 50% employer match about $45,046 at 4% or $30,031 at 6%; with 100% employer match about $33,785 at 4% or $22,523 at 6%.
Summit Commercial Finance Co. 401(K) Profit Sharing Plan & Trust-21$202,088$56,758$2,703iApproximate average salary by contribution assumption: employee only about $67,569 at 4% or $45,046 at 6%; with 50% employer match about $45,046 at 4% or $30,031 at 6%; with 100% employer match about $33,785 at 4% or $22,523 at 6%.
2005113$156,702$54,275$4,175iApproximate average salary by contribution assumption: employee only about $104,375 at 4% or $69,583 at 6%; with 50% employer match about $69,583 at 4% or $46,389 at 6%; with 100% employer match about $52,188 at 4% or $34,792 at 6%.
Summit Commercial Finance Co. 401(K) Profit Sharing Plan & Trust-13$156,702$54,275$4,175iApproximate average salary by contribution assumption: employee only about $104,375 at 4% or $69,583 at 6%; with 50% employer match about $69,583 at 4% or $46,389 at 6%; with 100% employer match about $52,188 at 4% or $34,792 at 6%.