Plain-English plan 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, Summit Financial Group, Inc. Employee Stock Ownership Plan is a benefit plan reported by Summit Financial Group, Inc. under EIN 55-0672148 and plan number 002. The latest loaded filing year is 2023. The filing reports 449 participants and $18,664,856 in end-of-year plan assets, where available in the loaded dataset.
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $18,664,856
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $18,664,856
- Net assets (BOY)
- $14,453,747
Income & contributions
- Employer contributions
- $1,035,602
- Total contributions
- $1,035,602
- Total income / additions
- $4,848,171
Expenses & distributions
- Benefits paid
- $616,344
- Administrative expenses
- $20,718
- Total expenses
- $637,062
- Net increase / (decrease)
- $4,211,109