401k Plan data: SUMMIT FUNDING 401(K) PROFIT SHARING PLAN plan

SUMMIT FUNDING 401(K) PROFIT SHARING PLAN 401k Plan overview

Plan Name	SUMMIT FUNDING 401(K) PROFIT SHARING PLAN
Plan identification number	001

SUMMIT FUNDING 401(K) PROFIT SHARING PLAN Benefits

401k Plan Type

Defined Contribution Pension

Plan Features/Benefits

Age/Service Weighted or new comparability or similar plan - Age/Service Weighted Plan: Allocations are based on age, service, or age and service. New comparability or similar plan: Allocations are based on participant classifications and a classification(s) consists entirely or predominantly of highly compensated employees; or the plan provides an additional allocation rate on compensation above a specified threshold, and the theshold or additional rate exceeds the maximum threshold or rate allowed under the permitted disparity rules of section 401(l).
Profit-sharing
ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
Participant-directed brokerage accounts provided as an investment option under the plan.
Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
Master plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.

401k Sponsoring company profile

SUMMIT FUNDING, INC. has sponsored the creation of one or more 401k plans.

Company Name: SUMMIT FUNDING, INC.

Employer identification number (EIN): 910780488

NAIC Classification: 522292
NAIC Description: Real Estate Credit

Additional information about SUMMIT FUNDING, INC.

Jurisdiction of Incorporation: New York Department of State

Incorporation Date: 2006-01-23

Company Identification Number: 3309654

Legal Registered Office Address: 70-30 137TH STREET
Queens
FLUSHING
United States of America (USA)
11367

More information about SUMMIT FUNDING, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan SUMMIT FUNDING 401(K) PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2014-01-01 CHRISTOPHER CAMARA CHRISTOPHER CAMARA 2015-10-06
001 2013-01-01 CHRISTOPHER CAMARA CHRISTOPHER CAMARA 2014-10-14
001 2012-01-01 CHRISTOPHER K CAMARA CHRISTOPHER K CAMARA 2013-10-14
001 2011-01-01 CHRISTOPHER K. CAMARA
001 2010-01-01 CHRISTOPHER K. CAMARA
001 2009-01-01 LIZ BRITTAIN
001 2009-01-01 LIZ BRITTAIN LIZ BRITTAIN 2010-10-15

Plan id#	Filing Submission Date	Name of Administrator	Name of Company Sponsor	Date Sponsor Signed
001	2014-01-01	CHRISTOPHER CAMARA	CHRISTOPHER CAMARA	2015-10-06
001	2013-01-01	CHRISTOPHER CAMARA	CHRISTOPHER CAMARA	2014-10-14
001	2012-01-01	CHRISTOPHER K CAMARA	CHRISTOPHER K CAMARA	2013-10-14
001	2011-01-01	CHRISTOPHER K. CAMARA
001	2010-01-01	CHRISTOPHER K. CAMARA
001	2009-01-01	LIZ BRITTAIN
001	2009-01-01	LIZ BRITTAIN	LIZ BRITTAIN	2010-10-15

Plan Statistics for SUMMIT FUNDING 401(K) PROFIT SHARING PLAN

401k plan membership statisitcs for SUMMIT FUNDING 401(K) PROFIT SHARING PLAN

Measure Date Value
2014: SUMMIT FUNDING 401(K) PROFIT SHARING PLAN 2014 401k membership
Total participants, beginning-of-year 2014-01-01 623
Total number of active participants reported on line 7a of the Form 5500 2014-01-01 740
Number of retired or separated participants receiving benefits 2014-01-01 0
Number of other retired or separated participants entitled to future benefits 2014-01-01 40
Total of all active and inactive participants 2014-01-01 780
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2014-01-01 1
Total participants 2014-01-01 781
Number of participants with account balances 2014-01-01 722
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2014-01-01 10
2013: SUMMIT FUNDING 401(K) PROFIT SHARING PLAN 2013 401k membership
Total participants, beginning-of-year 2013-01-01 457
Total number of active participants reported on line 7a of the Form 5500 2013-01-01 556
Number of retired or separated participants receiving benefits 2013-01-01 0
Number of other retired or separated participants entitled to future benefits 2013-01-01 44
Total of all active and inactive participants 2013-01-01 600
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2013-01-01 0
Total participants 2013-01-01 600
Number of participants with account balances 2013-01-01 547
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2013-01-01 7
2012: SUMMIT FUNDING 401(K) PROFIT SHARING PLAN 2012 401k membership
Total participants, beginning-of-year 2012-01-01 343
Total number of active participants reported on line 7a of the Form 5500 2012-01-01 448
Number of retired or separated participants receiving benefits 2012-01-01 0
Number of other retired or separated participants entitled to future benefits 2012-01-01 0
Total of all active and inactive participants 2012-01-01 448
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2012-01-01 0
Total participants 2012-01-01 448
Number of participants with account balances 2012-01-01 447
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2012-01-01 0
2011: SUMMIT FUNDING 401(K) PROFIT SHARING PLAN 2011 401k membership
Total participants, beginning-of-year 2011-01-01 247
Total number of active participants reported on line 7a of the Form 5500 2011-01-01 250
Number of retired or separated participants receiving benefits 2011-01-01 0
Number of other retired or separated participants entitled to future benefits 2011-01-01 83
Total of all active and inactive participants 2011-01-01 333
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2011-01-01 0
Total participants 2011-01-01 333
Number of participants with account balances 2011-01-01 276
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2011-01-01 4
2010: SUMMIT FUNDING 401(K) PROFIT SHARING PLAN 2010 401k membership
Total participants, beginning-of-year 2010-01-01 217
Total number of active participants reported on line 7a of the Form 5500 2010-01-01 187
Number of retired or separated participants receiving benefits 2010-01-01 0
Number of other retired or separated participants entitled to future benefits 2010-01-01 51
Total of all active and inactive participants 2010-01-01 238
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2010-01-01 0
Total participants 2010-01-01 238
Number of participants with account balances 2010-01-01 196
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2010-01-01 4
2009: SUMMIT FUNDING 401(K) PROFIT SHARING PLAN 2009 401k membership
Total participants, beginning-of-year 2009-01-01 140
Total number of active participants reported on line 7a of the Form 5500 2009-01-01 170
Number of retired or separated participants receiving benefits 2009-01-01 0
Number of other retired or separated participants entitled to future benefits 2009-01-01 42
Total of all active and inactive participants 2009-01-01 212
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2009-01-01 0
Total participants 2009-01-01 212
Number of participants with account balances 2009-01-01 111
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2009-01-01 5

Measure	Date	Value
2014: SUMMIT FUNDING 401(K) PROFIT SHARING PLAN 2014 401k membership
Total participants, beginning-of-year	2014-01-01	623
Total number of active participants reported on line 7a of the Form 5500	2014-01-01	740
Number of retired or separated participants receiving benefits	2014-01-01	0
Number of other retired or separated participants entitled to future benefits	2014-01-01	40
Total of all active and inactive participants	2014-01-01	780
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2014-01-01	1
Total participants	2014-01-01	781
Number of participants with account balances	2014-01-01	722
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2014-01-01	10
2013: SUMMIT FUNDING 401(K) PROFIT SHARING PLAN 2013 401k membership
Total participants, beginning-of-year	2013-01-01	457
Total number of active participants reported on line 7a of the Form 5500	2013-01-01	556
Number of retired or separated participants receiving benefits	2013-01-01	0
Number of other retired or separated participants entitled to future benefits	2013-01-01	44
Total of all active and inactive participants	2013-01-01	600
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2013-01-01	0
Total participants	2013-01-01	600
Number of participants with account balances	2013-01-01	547
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2013-01-01	7
2012: SUMMIT FUNDING 401(K) PROFIT SHARING PLAN 2012 401k membership
Total participants, beginning-of-year	2012-01-01	343
Total number of active participants reported on line 7a of the Form 5500	2012-01-01	448
Number of retired or separated participants receiving benefits	2012-01-01	0
Number of other retired or separated participants entitled to future benefits	2012-01-01	0
Total of all active and inactive participants	2012-01-01	448
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2012-01-01	0
Total participants	2012-01-01	448
Number of participants with account balances	2012-01-01	447
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2012-01-01	0
2011: SUMMIT FUNDING 401(K) PROFIT SHARING PLAN 2011 401k membership
Total participants, beginning-of-year	2011-01-01	247
Total number of active participants reported on line 7a of the Form 5500	2011-01-01	250
Number of retired or separated participants receiving benefits	2011-01-01	0
Number of other retired or separated participants entitled to future benefits	2011-01-01	83
Total of all active and inactive participants	2011-01-01	333
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2011-01-01	0
Total participants	2011-01-01	333
Number of participants with account balances	2011-01-01	276
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2011-01-01	4
2010: SUMMIT FUNDING 401(K) PROFIT SHARING PLAN 2010 401k membership
Total participants, beginning-of-year	2010-01-01	217
Total number of active participants reported on line 7a of the Form 5500	2010-01-01	187
Number of retired or separated participants receiving benefits	2010-01-01	0
Number of other retired or separated participants entitled to future benefits	2010-01-01	51
Total of all active and inactive participants	2010-01-01	238
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2010-01-01	0
Total participants	2010-01-01	238
Number of participants with account balances	2010-01-01	196
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2010-01-01	4
2009: SUMMIT FUNDING 401(K) PROFIT SHARING PLAN 2009 401k membership
Total participants, beginning-of-year	2009-01-01	140
Total number of active participants reported on line 7a of the Form 5500	2009-01-01	170
Number of retired or separated participants receiving benefits	2009-01-01	0
Number of other retired or separated participants entitled to future benefits	2009-01-01	42
Total of all active and inactive participants	2009-01-01	212
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2009-01-01	0
Total participants	2009-01-01	212
Number of participants with account balances	2009-01-01	111
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2009-01-01	5

Financial Data on SUMMIT FUNDING 401(K) PROFIT SHARING PLAN

Measure	Date	Value
2014 : SUMMIT FUNDING 401(K) PROFIT SHARING PLAN 2014 401k financial data
Unrealized appreciation/depreciation of real estate assets	2014-12-31	$0
Unrealized appreciation/depreciation of other (non real estate) assets	2014-12-31	$0
Total unrealized appreciation/depreciation of assets	2014-12-31	$0
Total transfer of assets to this plan	2014-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2014-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2014-12-31	$0
Total income from all sources (including contributions)	2014-12-31	$3,469,456
Total loss/gain on sale of assets	2014-12-31	$0
Total of all expenses incurred	2014-12-31	$645,802
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2014-12-31	$603,206
Expenses. Certain deemed distributions of participant loans	2014-12-31	$0
Value of total corrective distributions	2014-12-31	$9,427
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2014-12-31	$2,981,911
Value of total assets at end of year	2014-12-31	$9,805,090
Value of total assets at beginning of year	2014-12-31	$6,981,436
Total of administrative expenses incurred including professional, contract, advisory and management fees	2014-12-31	$33,169
Total income from rents	2014-12-31	$0
Total interest from all sources	2014-12-31	$17,388
Total dividends received (eg from common stock, registered investment company shares)	2014-12-31	$49,226
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2014-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2014-12-31	$49,226
Administrative expenses professional fees incurred	2014-12-31	$0
Was this plan covered by a fidelity bond	2014-12-31	Yes
Value of fidelity bond cover	2014-12-31	$500,000
If this is an individual account plan, was there a blackout period	2014-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2014-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2014-12-31	No
Amount of non-exempt transactions with any party-in-interest	2014-12-31	$0
Contributions received from participants	2014-12-31	$2,523,783
Participant contributions at end of year	2014-12-31	$311,100
Participant contributions at beginning of year	2014-12-31	$253,817
Participant contributions at end of year	2014-12-31	$653
Participant contributions at beginning of year	2014-12-31	$704
Income. Received or receivable in cash from other sources (including rollovers)	2014-12-31	$458,128
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)	2014-12-31	$0
Value of other receiveables (less allowance for doubtful accounts) at end of year	2014-12-31	$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year	2014-12-31	$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year	2014-12-31	$0
Other income not declared elsewhere	2014-12-31	$0
Administrative expenses (other) incurred	2014-12-31	$0
Liabilities. Value of operating payables at beginning of year	2014-12-31	$0
Total non interest bearing cash at end of year	2014-12-31	$0
Total non interest bearing cash at beginning of year	2014-12-31	$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2014-12-31	No
Value of net income/loss	2014-12-31	$2,823,654
Value of net assets at end of year (total assets less liabilities)	2014-12-31	$9,805,090
Value of net assets at beginning of year (total assets less liabilities)	2014-12-31	$6,981,436
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2014-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2014-12-31	No
Amount of loans by the plan or fixed income obligations due to the plan which were in default/classified-as-uncollectible as of the close of the plan year	2014-12-31	$0
Were any leases to which the plan was party in default or uncollectible	2014-12-31	No
Amount of leases to which the plan was a party which were in default/classified-as-uncollectible during the year	2014-12-31	$0
Investment advisory and management fees	2014-12-31	$0
Value of interest in registered invesment companies (eg mutual funds) at end of year	2014-12-31	$3,773,621
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2014-12-31	$2,899,153
Interest on participant loans	2014-12-31	$13,416
Income. Interest from loans (other than to participants)	2014-12-31	$0
Interest earned on other investments	2014-12-31	$3,972
Income. Interest from US Government securities	2014-12-31	$0
Income. Interest from corporate debt instruments	2014-12-31	$0
Value of interest in common/collective trusts at end of year	2014-12-31	$5,425,626
Value of interest in common/collective trusts at beginning of year	2014-12-31	$3,549,382
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2014-12-31	$0
Value of funds held in insurance company general accounts (unallocated contracts) at end of year	2014-12-31	$294,090
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year	2014-12-31	$278,380
Expenses. Payments to insurance carriers foe the provision of benefits	2014-12-31	$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2014-12-31	$153,700
Net investment gain/loss from pooled separate accounts	2014-12-31	$0
Net investment gain or loss from common/collective trusts	2014-12-31	$267,231
Net gain/loss from 103.12 investment entities	2014-12-31	$0
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2014-12-31	No
Was there a failure to transmit to the plan any participant contributions	2014-12-31	No
Has the plan failed to provide any benefit when due under the plan	2014-12-31	No
Contributions received in cash from employer	2014-12-31	$0
Employer contributions (assets) at end of year	2014-12-31	$0
Employer contributions (assets) at beginning of year	2014-12-31	$0
Income. Dividends from preferred stock	2014-12-31	$0
Income. Dividends from common stock	2014-12-31	$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2014-12-31	$603,206
Contract administrator fees	2014-12-31	$33,169
Liabilities. Value of benefit claims payable at beginning of year	2014-12-31	$0
Did the plan have assets held for investment	2014-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2014-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2014-12-31	No
Aggregate proceeds on sale of assets	2014-12-31	$0
Aggregate carrying amount (costs) on sale of assets	2014-12-31	$0
Liabilities. Value of acquisition indebtedness at beginning of year	2014-12-31	$0
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2014-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2014-12-31	Disclaimer
Accountancy firm name	2014-12-31	DAMORE, HAMRIC, SCHNEIDER, INC.
Accountancy firm EIN	2014-12-31	942769017
2013 : SUMMIT FUNDING 401(K) PROFIT SHARING PLAN 2013 401k financial data
Unrealized appreciation/depreciation of real estate assets	2013-12-31	$0
Unrealized appreciation/depreciation of other (non real estate) assets	2013-12-31	$0
Total unrealized appreciation/depreciation of assets	2013-12-31	$0
Total transfer of assets to this plan	2013-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2013-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2013-12-31	$0
Expenses. Interest paid	2013-12-31	$0
Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-102	2013-12-31	$0
Total income from all sources (including contributions)	2013-12-31	$2,775,201
Total loss/gain on sale of assets	2013-12-31	$0
Total of all expenses incurred	2013-12-31	$612,092
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2013-12-31	$551,039
Expenses. Certain deemed distributions of participant loans	2013-12-31	$0
Value of total corrective distributions	2013-12-31	$32,926
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2013-12-31	$1,737,981
Value of total assets at end of year	2013-12-31	$6,981,436
Value of total assets at beginning of year	2013-12-31	$4,818,327
Total of administrative expenses incurred including professional, contract, advisory and management fees	2013-12-31	$28,127
Total income from rents	2013-12-31	$0
Total interest from all sources	2013-12-31	$14,919
Total dividends received (eg from common stock, registered investment company shares)	2013-12-31	$22,581
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2013-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2013-12-31	$22,581
Administrative expenses professional fees incurred	2013-12-31	$0
Was this plan covered by a fidelity bond	2013-12-31	Yes
Value of fidelity bond cover	2013-12-31	$500,000
If this is an individual account plan, was there a blackout period	2013-12-31	Yes
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2013-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2013-12-31	No
Amount of non-exempt transactions with any party-in-interest	2013-12-31	$0
Contributions received from participants	2013-12-31	$1,661,317
Participant contributions at end of year	2013-12-31	$253,817
Participant contributions at beginning of year	2013-12-31	$235,489
Participant contributions at end of year	2013-12-31	$704
Participant contributions at beginning of year	2013-12-31	$164,710
Assets. Other investments not covered elsewhere at end of year	2013-12-31	$0
Assets. Other investments not covered elsewhere at beginning of year	2013-12-31	$165,510
Income. Received or receivable in cash from other sources (including rollovers)	2013-12-31	$76,664
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)	2013-12-31	$0
Value of other receiveables (less allowance for doubtful accounts) at end of year	2013-12-31	$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year	2013-12-31	$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year	2013-12-31	$0
Other income not declared elsewhere	2013-12-31	$11,341
Administrative expenses (other) incurred	2013-12-31	$0
Liabilities. Value of operating payables at beginning of year	2013-12-31	$0
Total non interest bearing cash at end of year	2013-12-31	$0
Total non interest bearing cash at beginning of year	2013-12-31	$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2013-12-31	No
Income. Non cash contributions	2013-12-31	$0
Value of net income/loss	2013-12-31	$2,163,109
Value of net assets at end of year (total assets less liabilities)	2013-12-31	$6,981,436
Value of net assets at beginning of year (total assets less liabilities)	2013-12-31	$4,818,327
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2013-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2013-12-31	No
Amount of loans by the plan or fixed income obligations due to the plan which were in default/classified-as-uncollectible as of the close of the plan year	2013-12-31	$0
Were any leases to which the plan was party in default or uncollectible	2013-12-31	No
Amount of leases to which the plan was a party which were in default/classified-as-uncollectible during the year	2013-12-31	$0
Investment advisory and management fees	2013-12-31	$0
Value of interest in registered invesment companies (eg mutual funds) at end of year	2013-12-31	$2,899,153
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2013-12-31	$0
Value of interest in pooled separate accounts at end of year	2013-12-31	$0
Value of interest in pooled separate accounts at beginning of year	2013-12-31	$3,975,118
Interest on participant loans	2013-12-31	$10,794
Income. Interest from loans (other than to participants)	2013-12-31	$0
Interest earned on other investments	2013-12-31	$4,125
Income. Interest from US Government securities	2013-12-31	$0
Income. Interest from corporate debt instruments	2013-12-31	$0
Value of interest in common/collective trusts at end of year	2013-12-31	$3,549,382
Value of interest in common/collective trusts at beginning of year	2013-12-31	$0
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2013-12-31	$0
Value of funds held in insurance company general accounts (unallocated contracts) at end of year	2013-12-31	$278,380
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year	2013-12-31	$277,500
Expenses. Payments to insurance carriers foe the provision of benefits	2013-12-31	$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2013-12-31	$462,341
Net investment gain/loss from pooled separate accounts	2013-12-31	$101,731
Net investment gain or loss from common/collective trusts	2013-12-31	$424,307
Net gain/loss from 103.12 investment entities	2013-12-31	$0
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2013-12-31	No
Was there a failure to transmit to the plan any participant contributions	2013-12-31	No
Has the plan failed to provide any benefit when due under the plan	2013-12-31	No
Contributions received in cash from employer	2013-12-31	$0
Employer contributions (assets) at end of year	2013-12-31	$0
Employer contributions (assets) at beginning of year	2013-12-31	$0
Income. Dividends from preferred stock	2013-12-31	$0
Income. Dividends from common stock	2013-12-31	$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2013-12-31	$551,039
Contract administrator fees	2013-12-31	$28,127
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-3	2013-12-31	Yes
Liabilities. Value of benefit claims payable at beginning of year	2013-12-31	$0
Did the plan have assets held for investment	2013-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2013-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2013-12-31	No
Aggregate proceeds on sale of assets	2013-12-31	$0
Aggregate carrying amount (costs) on sale of assets	2013-12-31	$0
Liabilities. Value of acquisition indebtedness at beginning of year	2013-12-31	$0
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2013-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2013-12-31	Disclaimer
Accountancy firm name	2013-12-31	DAMORE, HAMRIC & SCHNEIDER, INC.
Accountancy firm EIN	2013-12-31	942769017
2012 : SUMMIT FUNDING 401(K) PROFIT SHARING PLAN 2012 401k financial data
Total unrealized appreciation/depreciation of assets	2012-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2012-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2012-12-31	$0
Total income from all sources (including contributions)	2012-12-31	$1,819,217
Total loss/gain on sale of assets	2012-12-31	$0
Total of all expenses incurred	2012-12-31	$189,381
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2012-12-31	$169,367
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2012-12-31	$1,350,176
Value of total assets at end of year	2012-12-31	$4,818,327
Value of total assets at beginning of year	2012-12-31	$3,188,491
Total of administrative expenses incurred including professional, contract, advisory and management fees	2012-12-31	$20,014
Total interest from all sources	2012-12-31	$5,458
Total dividends received (eg from common stock, registered investment company shares)	2012-12-31	$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2012-12-31	No
Was this plan covered by a fidelity bond	2012-12-31	Yes
Value of fidelity bond cover	2012-12-31	$300,000
If this is an individual account plan, was there a blackout period	2012-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2012-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2012-12-31	No
Contributions received from participants	2012-12-31	$1,245,848
Participant contributions at end of year	2012-12-31	$235,489
Participant contributions at beginning of year	2012-12-31	$132,259
Participant contributions at end of year	2012-12-31	$164,710
Participant contributions at beginning of year	2012-12-31	$72,266
Assets. Other investments not covered elsewhere at end of year	2012-12-31	$165,510
Assets. Other investments not covered elsewhere at beginning of year	2012-12-31	$140,484
Income. Received or receivable in cash from other sources (including rollovers)	2012-12-31	$104,328
Other income not declared elsewhere	2012-12-31	$5,253
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2012-12-31	No
Value of net income/loss	2012-12-31	$1,629,836
Value of net assets at end of year (total assets less liabilities)	2012-12-31	$4,818,327
Value of net assets at beginning of year (total assets less liabilities)	2012-12-31	$3,188,491
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2012-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2012-12-31	No
Were any leases to which the plan was party in default or uncollectible	2012-12-31	No
Value of interest in pooled separate accounts at end of year	2012-12-31	$3,975,118
Value of interest in pooled separate accounts at beginning of year	2012-12-31	$2,575,367
Interest on participant loans	2012-12-31	$5,458
Value of funds held in insurance company general accounts (unallocated contracts) at end of year	2012-12-31	$277,500
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year	2012-12-31	$255,115
Net investment gain/loss from pooled separate accounts	2012-12-31	$458,330
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2012-12-31	No
Was there a failure to transmit to the plan any participant contributions	2012-12-31	No
Has the plan failed to provide any benefit when due under the plan	2012-12-31	No
Contributions received in cash from employer	2012-12-31	$0
Employer contributions (assets) at end of year	2012-12-31	$0
Employer contributions (assets) at beginning of year	2012-12-31	$13,000
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2012-12-31	$169,367
Contract administrator fees	2012-12-31	$20,014
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-3	2012-12-31	No
Did the plan have assets held for investment	2012-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2012-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2012-12-31	No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2012-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2012-12-31	Disclaimer
Accountancy firm name	2012-12-31	DAMORE, HAMRIC & SCHNEIDER, INC.
Accountancy firm EIN	2012-12-31	942769017
2011 : SUMMIT FUNDING 401(K) PROFIT SHARING PLAN 2011 401k financial data
Total unrealized appreciation/depreciation of assets	2011-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2011-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2011-12-31	$0
Total income from all sources (including contributions)	2011-12-31	$642,058
Total loss/gain on sale of assets	2011-12-31	$0
Total of all expenses incurred	2011-12-31	$410,674
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2011-12-31	$388,232
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2011-12-31	$742,541
Value of total assets at end of year	2011-12-31	$3,188,491
Value of total assets at beginning of year	2011-12-31	$2,957,107
Total of administrative expenses incurred including professional, contract, advisory and management fees	2011-12-31	$22,442
Total interest from all sources	2011-12-31	$5,047
Total dividends received (eg from common stock, registered investment company shares)	2011-12-31	$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2011-12-31	No
Was this plan covered by a fidelity bond	2011-12-31	Yes
Value of fidelity bond cover	2011-12-31	$300,000
If this is an individual account plan, was there a blackout period	2011-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2011-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2011-12-31	No
Contributions received from participants	2011-12-31	$723,740
Participant contributions at end of year	2011-12-31	$132,259
Participant contributions at beginning of year	2011-12-31	$70,873
Participant contributions at end of year	2011-12-31	$72,266
Participant contributions at beginning of year	2011-12-31	$54,817
Assets. Other investments not covered elsewhere at end of year	2011-12-31	$140,484
Assets. Other investments not covered elsewhere at beginning of year	2011-12-31	$141,024
Income. Received or receivable in cash from other sources (including rollovers)	2011-12-31	$5,801
Other income not declared elsewhere	2011-12-31	$7,047
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2011-12-31	No
Value of net income/loss	2011-12-31	$231,384
Value of net assets at end of year (total assets less liabilities)	2011-12-31	$3,188,491
Value of net assets at beginning of year (total assets less liabilities)	2011-12-31	$2,957,107
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2011-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2011-12-31	No
Were any leases to which the plan was party in default or uncollectible	2011-12-31	No
Value of interest in pooled separate accounts at end of year	2011-12-31	$2,575,367
Value of interest in pooled separate accounts at beginning of year	2011-12-31	$2,435,605
Interest on participant loans	2011-12-31	$5,047
Value of funds held in insurance company general accounts (unallocated contracts) at end of year	2011-12-31	$255,115
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year	2011-12-31	$254,788
Net investment gain/loss from pooled separate accounts	2011-12-31	$-112,577
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2011-12-31	No
Was there a failure to transmit to the plan any participant contributions	2011-12-31	No
Has the plan failed to provide any benefit when due under the plan	2011-12-31	No
Contributions received in cash from employer	2011-12-31	$13,000
Employer contributions (assets) at end of year	2011-12-31	$13,000
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2011-12-31	$388,232
Contract administrator fees	2011-12-31	$22,442
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-3	2011-12-31	No
Did the plan have assets held for investment	2011-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2011-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2011-12-31	No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2011-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2011-12-31	Disclaimer
Accountancy firm name	2011-12-31	DAMORE, HAMRIC & SCHNEIDER, INC.,
Accountancy firm EIN	2011-12-31	942769017
2010 : SUMMIT FUNDING 401(K) PROFIT SHARING PLAN 2010 401k financial data
Total unrealized appreciation/depreciation of assets	2010-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2010-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2010-12-31	$0
Total income from all sources (including contributions)	2010-12-31	$826,744
Total loss/gain on sale of assets	2010-12-31	$0
Total of all expenses incurred	2010-12-31	$155,392
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2010-12-31	$136,664
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2010-12-31	$503,998
Value of total assets at end of year	2010-12-31	$2,957,107
Value of total assets at beginning of year	2010-12-31	$2,285,755
Total of administrative expenses incurred including professional, contract, advisory and management fees	2010-12-31	$18,728
Total interest from all sources	2010-12-31	$5,047
Total dividends received (eg from common stock, registered investment company shares)	2010-12-31	$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2010-12-31	No
Was this plan covered by a fidelity bond	2010-12-31	Yes
Value of fidelity bond cover	2010-12-31	$300,000
If this is an individual account plan, was there a blackout period	2010-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2010-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2010-12-31	No
Contributions received from participants	2010-12-31	$500,259
Participant contributions at end of year	2010-12-31	$70,873
Participant contributions at beginning of year	2010-12-31	$85,776
Participant contributions at end of year	2010-12-31	$54,817
Participant contributions at beginning of year	2010-12-31	$21,084
Assets. Other investments not covered elsewhere at end of year	2010-12-31	$141,024
Assets. Other investments not covered elsewhere at beginning of year	2010-12-31	$124,404
Income. Received or receivable in cash from other sources (including rollovers)	2010-12-31	$3,739
Other income not declared elsewhere	2010-12-31	$6,778
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2010-12-31	No
Value of net income/loss	2010-12-31	$671,352
Value of net assets at end of year (total assets less liabilities)	2010-12-31	$2,957,107
Value of net assets at beginning of year (total assets less liabilities)	2010-12-31	$2,285,755
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2010-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2010-12-31	No
Were any leases to which the plan was party in default or uncollectible	2010-12-31	No
Value of interest in pooled separate accounts at end of year	2010-12-31	$2,435,605
Value of interest in pooled separate accounts at beginning of year	2010-12-31	$1,839,833
Interest on participant loans	2010-12-31	$5,047
Value of funds held in insurance company general accounts (unallocated contracts) at end of year	2010-12-31	$254,788
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year	2010-12-31	$214,658
Net investment gain/loss from pooled separate accounts	2010-12-31	$310,921
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2010-12-31	No
Was there a failure to transmit to the plan any participant contributions	2010-12-31	No
Has the plan failed to provide any benefit when due under the plan	2010-12-31	No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2010-12-31	$136,664
Contract administrator fees	2010-12-31	$18,728
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-3	2010-12-31	No
Did the plan have assets held for investment	2010-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2010-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2010-12-31	No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2010-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2010-12-31	Disclaimer
Accountancy firm name	2010-12-31	DAMORE, HAMRIC & SCHNEIDER,INC. CPA
Accountancy firm EIN	2010-12-31	942769017
2009 : SUMMIT FUNDING 401(K) PROFIT SHARING PLAN 2009 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2009-12-31	$0

Form 5500 Responses for SUMMIT FUNDING 401(K) PROFIT SHARING PLAN

2014: SUMMIT FUNDING 401(K) PROFIT SHARING PLAN 2014 form 5500 responses
2014-01-01	Type of plan entity	Single employer plan
2014-01-01	This submission is the final filing	No
2014-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2014-01-01	Plan is a collectively bargained plan	No
2014-01-01	Plan funding arrangement – Insurance	Yes
2014-01-01	Plan funding arrangement – Trust	Yes
2014-01-01	Plan benefit arrangement – Insurance	Yes
2014-01-01	Plan benefit arrangement - Trust	Yes
2013: SUMMIT FUNDING 401(K) PROFIT SHARING PLAN 2013 form 5500 responses
2013-01-01	Type of plan entity	Single employer plan
2013-01-01	This submission is the final filing	No
2013-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2013-01-01	Plan is a collectively bargained plan	No
2013-01-01	Plan funding arrangement – Insurance	Yes
2013-01-01	Plan funding arrangement – Trust	Yes
2013-01-01	Plan benefit arrangement – Insurance	Yes
2013-01-01	Plan benefit arrangement - Trust	Yes
2012: SUMMIT FUNDING 401(K) PROFIT SHARING PLAN 2012 form 5500 responses
2012-01-01	Type of plan entity	Single employer plan
2012-01-01	Submission has been amended	No
2012-01-01	This submission is the final filing	No
2012-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2012-01-01	Plan is a collectively bargained plan	No
2012-01-01	Plan funding arrangement – Insurance	Yes
2012-01-01	Plan funding arrangement – Trust	Yes
2012-01-01	Plan benefit arrangement – Insurance	Yes
2012-01-01	Plan benefit arrangement - Trust	Yes
2011: SUMMIT FUNDING 401(K) PROFIT SHARING PLAN 2011 form 5500 responses
2011-01-01	Type of plan entity	Single employer plan
2011-01-01	Submission has been amended	No
2011-01-01	This submission is the final filing	No
2011-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2011-01-01	Plan is a collectively bargained plan	No
2011-01-01	Plan funding arrangement – Insurance	Yes
2011-01-01	Plan funding arrangement – Trust	Yes
2011-01-01	Plan benefit arrangement – Insurance	Yes
2011-01-01	Plan benefit arrangement - Trust	Yes
2010: SUMMIT FUNDING 401(K) PROFIT SHARING PLAN 2010 form 5500 responses
2010-01-01	Type of plan entity	Single employer plan
2010-01-01	Submission has been amended	No
2010-01-01	This submission is the final filing	No
2010-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2010-01-01	Plan is a collectively bargained plan	No
2010-01-01	Plan funding arrangement – Insurance	Yes
2010-01-01	Plan funding arrangement – Trust	Yes
2010-01-01	Plan benefit arrangement – Insurance	Yes
2010-01-01	Plan benefit arrangement - Trust	Yes
2009: SUMMIT FUNDING 401(K) PROFIT SHARING PLAN 2009 form 5500 responses
2009-01-01	Type of plan entity	Single employer plan
2009-01-01	Submission has been amended	No
2009-01-01	This submission is the final filing	No
2009-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2009-01-01	Plan is a collectively bargained plan	No
2009-01-01	Plan funding arrangement – Insurance	Yes
2009-01-01	Plan funding arrangement – Trust	Yes
2009-01-01	Plan benefit arrangement – Insurance	Yes
2009-01-01	Plan benefit arrangement - Trust	Yes

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Company Name:	SUMMIT FUNDING, INC.
Employer identification number (EIN):	910780488
NAIC Classification:	522292
NAIC Description:	Real Estate Credit

Jurisdiction of Incorporation:	New York Department of State
Incorporation Date:	2006-01-23
Company Identification Number:	3309654
Legal Registered Office Address:	70-30 137TH STREET Queens FLUSHING United States of America (USA) 11367