401(k) · DOL Form 5500 · 2022

The Washington Trust Company, of Westerly 401(k) Plan

Data updated 2026-08-25

$107M
Total assets Near avg plan size
602
Participants Below avg headcount
93rd
Percentile by assets National rank
$177,510
Avg per participant Above avg balance/head
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Official DOL plan name: The Washington Trust Company 401(k) Plan · Sponsored by The Washington Trust Company, of Westerly · Rhode Island · Finance & Insurance

$107M in assets, 602 participants

The Washington Trust Company, of Westerly's The Washington Trust Company 401(k) Plan reported $107M in total assets and 602 participants in its 2022 DOL Form 5500 filing, ranking in the 93rd percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.

  • #8,236 in Finance & Insurance (9,261 peers)

Coverage in Rhode Island

The Washington Trust Company 401(k) Plan covers 602 participants in Rhode Island, about 42% of the average Rhode Island filer (state average ~1,449 per filing). Assets: $107M.

#8,236
in Finance & Insurance (9,261 peers)
-16.2%
assets change YoY
1.1×
vs typical plan assets (national mean)

The plan reported a net loss of $21M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

The Washington Trust Company 401(k) Plan's outsized position by total assets

The Washington Trust Company 401(k) Plan vs every filed plan by assets

End-of-year total assets · plan year 2022 · DOL Form 5500

$106,861,171 Top 7% higher than 93% of 139,123 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2022

The Washington Trust Company 401(k) Plan among mid-size filed plans by headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. The Washington Trust Company 401(k) Plan sits mid-pack in the medium band (602 participants).

Form 5500 schedule snapshot

Filing strip 050235370 · The Washington Trust Company, of Westerly PY 2022 · 401(k)

The Washington Trust Company 401(k) Plan · $107M · 602 · 93rd

  • 5500 $107M
  • 5500 602
  • 5500 93rd
  • 5500 401(k)
  • 5500 near Embecta 401(k) Plan
  • 5500 ind #8236

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Finance & Insurance retirement plans → · Plans in Rhode Island →

The Washington Trust Company 401(k) Plan in the asset neighbourhood

Schulte Roth & Zabel LLP Thrift PlanSchulte Roth & Zabel LLP Thr…$107MVirtusa Corporation 401(k) PlanVirtusa Corporation 401(k) P…$107MEmbecta 401(k) Plan$107MThe Washington Trust Company 401(k) PlanThe Washington Trust Company…$107MCapital Region Medical Center 401(k) Profit Sharing PlanCapital Region Medical Cente…$107M
End-of-year total assets ($M) among The Washington Trust Company 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2022.

Rhode Island filing particulars

Total Assets (Beginning of Year)$127M
Net Assets (End of Year)$107M
Net Income-$21M
Employer EIN050235370
Plan Effective Date1985-07-01
Filing StatusFILING RECEIVED

Sponsor Plan History (The Washington Trust Company, of Westerly)

Sponsor-wide plan assets over time

All The Washington Trust Company, of Westerly plans reported in each filing year

Latest sponsor-wide plan assets
$143M 23.032333834557967% vs 2022
2024 filing year
$100M$150M$200M$250M 202220232024 $186M $143M ▼ -23.0%
Year Plans Participants Total Assets
2022 2 729 $186M
2023 2 742 $213M
2024 2 759 $143M

Nearby 401(k) Plans in Rhode Island

Peer 401(k) plans, same state, same plan type, ranked by total assets.

The Washington Trust Company 401(k) Plan vs. nearby 401(k) plans in Rhode Island, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000 -100102030 Total assets ($B) Participants The Washington Trust Company 401(k) Plan, Total assets ($B): 0.106861171 · Participants: 602The Washington Trust Company 401(k) PlanCVS Health Future Fund 401(k) Plan, Total assets ($B): 24.237200876 · Participants: 273274CVS Health Future Fund 401(k) PlanTextron Savings Plan, Total assets ($B): 4.980267873 · Participants: 25353Textron Savings PlanCfg Retirement Savings Plan, Total assets ($B): 2.504448168 · Participants: 17454Cfg Retirement Savings PlanUnfi 401(k) Plan, Total assets ($B): 2.458736828 · Participants: 24670Unfi 401(k) PlanFm Global 401(k) Savings Plan, Total assets ($B): 1.429728934 · Participants: 3865Fm Global 401(k) Savings Plan
The Washington Trust Company 401(k) Plan vs. nearby 401(k) plans in Rhode Island, assets vs. participants
Compare The Washington Trust Company 401(k) Plan side-by-side with 3 peers →

The Washington Trust Company 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside Rhode Island, the nearest 401(k) by assets is Embecta 401(k) Plan in NJ ($107M); by covered participants it is Financial Institutions, Inc. 401(k) Plan in NY (602 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($107M here).

Similar participant headcount

Nearest other-state filings by covered participants (602 participants); asset peers above are excluded.

DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did The Washington Trust Company 401(k) Plan assets move in 2022? ▼
The Washington Trust Company 401(k) Plan declined sharply - down 16.2% during 2022, from $127M to $107M. Reported net income was -$21M.
How have The Washington Trust Company, of Westerly plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), The Washington Trust Company, of Westerly's sponsor-wide assets declined 23.0%, from $186M to $143M.
Where does The Washington Trust Company 401(k) Plan rank by assets among Form 5500 filers? ▼
The Washington Trust Company 401(k) Plan ranks in the 93rd percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (in the top 10% of all filed plans by assets).
Which 401(k) plans are similar in size to The Washington Trust Company 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Embecta 401(k) Plan in NJ ($107M, 655 participants).
Which 401(k) plans cover a similar participant headcount to The Washington Trust Company 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Financial Institutions, Inc. 401(k) Plan in NY (602 participants, $57M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2022.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 050235370.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.