How big is Summit Asset Management, LLC's plan?

Summit Asset Management, LLC's plan reported $9.0M in assets and 8 participants for 2024.

Original filing (PDF)20251008162657NAL0003148531001

Summit Asset Management, LLC

Name: Summit Asset Management, LLC — Sam LLC 401(k), Form 5500 (2024)
Creator: Summit Asset Management, LLC
License: https://www.usa.gov/government-works

Form 5500-SF

FILING_RECEIVED

Sam LLC 401(k) Retirement Plan & Trust

401(k) retirement plan · Summit Asset Management, LLC's Sam LLC 401(k) Retirement Plan & Trust held $9.0M in plan assets for 8 participants in 2024.

Signals · 1

High average account balance

Active participants

Accounts w/ balance

Plan assets (EOY)

$9.0M

Net assets (EOY)

$9.0M

People on this filing

Lance Hollingsworth signed Summit Asset Management, LLC's 2024 Form 5500 as plan administrator.

Lance Hollingsworth — Plan Administrator — Form 5500 signer

Get verified email & phone for these signers

Signer names are public record from the Form 5500 e-signature.

Plan identifiers

Summit Asset Management, LLC's EIN is 62-1765323.

EIN 62-1765323

Plan number 001

Plan year 2024

ACK ID 20251008162657NAL0003148531001

Official Form 5500 document

Download the official 2024 Form 5500 (PDF) for Summit Asset Management, LLC from the U.S. Department of Labor's EFAST2 system.

Download the official 2024 Form 5500 (PDF)

Plan features

Summit Asset Management, LLC's plan includes profit-sharing, ERISA 404(c) participant direction, a 401(k) feature, a self-directed brokerage window.

Decision-maker contacts

One unlock reveals every key decision-maker — plan signer, CFO, HR & Benefits — with verified email + LinkedIn for SUMMIT ASSET MANAGEMENT, LLC.

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Plan health score

Top-tier plan health

Directional indicator from public Form 5500 data — compliance & integrity, total plan cost, participant health and vendor stack, benchmarked against same-size peers. Not a fiduciary tool. Based on 70% of scoring inputs for this filing.

Compliance & integrity

100

Total plan cost

n/a

Plan health

Vendor & structure

100

Helping the score