2023 Form 5500 filing — Summit Financial Group, Inc. Defined Contribution Plan
Plain-English filing summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, this is the 2023 Form 5500 filing (EFAST2 acknowledgement 20241015091120NAL0016036723001) for Summit Financial Group, Inc. Defined Contribution Plan, reported by Summit Financial Group, Inc. under EIN 55-0672148 and plan number 001. It reports 533 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241015091120NAL0016036723001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Summit Financial Group, Inc.
- EIN
- 55-0672148
- Plan number
- 001
- Location
- Moorefield, WV
- Participants
- 533
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $42,967,066
- Net assets (EOY)
- $42,967,066
- Employer contributions
- $973,459
- Participant contributions
- $1,954,217
- Total income / additions
- $10,074,226
- Benefits paid
- $3,528,674
- Administrative expenses
- $79,479
- Total expenses
- $3,613,751
- Net increase / (decrease)
- $6,460,475
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Empower Annuity Insurance Company O | RECORDKEEPER | $67,011 | not reported in the loaded dataset |
| Morgan Stanley | INVESTMENT ADVISOR | $42,783 | not reported in the loaded dataset |
| Metro Benefits, Inc. | CONTRACT ADMIN | $8,134 | $5,846 |
| Baker Tilly Virchow Krause, Llp | AUDITOR DER | $13,005 | not reported in the loaded dataset |
| Empower Advisory Group, LLC | INVESTMENT MANAGEMENT | $2,994 | not reported in the loaded dataset |
| Morgan Stanley | OTHER | $48 | not reported in the loaded dataset |