401(k) · DOL Form 5500 · 2022

Sterling Bank & Trust Fsb 401(k) Plan

Data updated 2026-08-25

$22M
Total assets Small plan by assets
296
Participants Below avg headcount
79th
Percentile by assets National rank
$75,138
Avg per participant Below avg balance/head
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Official DOL plan name: Sterling Bank & Trust 401(k) Plan · Sponsored by Sterling Bank & Trust Fsb · Michigan · Finance & Insurance

$22M in assets, 296 participants

Sterling Bank & Trust Fsb's Sterling Bank & Trust 401(k) Plan reported $22M in total assets and 296 participants in its 2022 DOL Form 5500 filing, ranking in the 79th 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.

  • #6,116 in Finance & Insurance (9,261 peers)

Coverage in Michigan

Sterling Bank & Trust 401(k) Plan covers 296 participants in Michigan, about 46% of the average Michigan filer (state average ~638 per filing). Assets: $22M.

#6,116
in Finance & Insurance (9,261 peers)
-6.6%
assets change YoY
0.2×
vs typical plan assets (national mean)

The plan reported a net loss of $2M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Sterling Bank & Trust 401(k) Plan's outsized position by total assets

Sterling Bank & Trust 401(k) Plan vs every filed plan by assets

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

$22,240,756 Top 21% higher than 79% 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

Sterling Bank & Trust 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. Sterling Bank & Trust 401(k) Plan sits mid-pack in the medium band (296 participants).

Plan-year Form 5500 strip

Filing strip 382524834 · Sterling Bank & Trust Fsb PY 2022 · 401(k)

Sterling Bank & Trust 401(k) Plan · $22M · 296 · 79th

  • PART $22M
  • PART 296
  • PART 79th
  • PART 401(k)
  • PART near Merced Capital, L.P. Retirement Savings Plan & Trust
  • PART ind #6116

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 Michigan →

Sterling Bank & Trust 401(k) Plan in the asset neighbourhood

Sterling Bank & Trust 401(k) PlanSterling Bank & Trust 401(k)…$22MMerced Capital, L.P. Retirement Savings Plan & TrustMerced Capital, L.P. Retirem…$22MTiax LLC 401(k) Plan$22MControl Air & Affiliates 401(k) PlanControl Air & Affiliates 401…$22MReliaquest, LLC 401(k) Plan$22M
End-of-year total assets ($M) among Sterling Bank & Trust 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2022.

Michigan filing particulars

Total Assets (Beginning of Year)$24M
Net Assets (End of Year)$22M
Net Income-$2M
Employer EIN382524834
Plan Effective Date1988-08-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Sterling Bank & Trust Fsb)

Sponsor-wide plan assets over time

All Sterling Bank & Trust Fsb plans reported in each filing year

Latest sponsor-wide plan assets
$29M 30.30585381180388% vs 2022
2024 filing year
$20M$25M$30M 202220232024 $22.2M $29M ▲ +30.3%
Year Plans Participants Total Assets
2022 1 296 $22M
2023 1 276 $26M
2024 1 247 $29M

Nearby 401(k) Plans in Michigan

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

Sterling Bank & Trust 401(k) Plan vs. nearby 401(k) plans in Michigan, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000 -505101520 Total assets ($B) Participants Sterling Bank & Trust 401(k) Plan, Total assets ($B): 0.022240756 · Participants: 296Sterling Bank & Trust 401(k) PlanGeneral Motors Retirement Savings Plan for Salaried Employees in the United States, Total assets ($B): 18.071817726 · Participants: 43382General Motors Retirement Savings Plan for Salaried Employees in the United StatesFord Motor Co. Savings and Stock Investment Plan for Salaried Employees, Total assets ($B): 13.833597622 · Participants: 32974Ford Motor Co. Savings and Stock Investment Plan for Salaried EmployeesThe Dow Chemical Company Employees' Savings Plan, Total assets ($B): 9.307640951 · Participants: 16930The Dow Chemical Company Employees' Savings PlanThe General Motors Personal Savings Plan for Hourly-Rate Employees in the United States, Total assets ($B): 7.545889119 · Participants: 40458The General Motors Personal Savings Plan for Hourly-Rate Employees in the United StatesFord Motor Co. Tax-Efficient Savings Plan for Hourly Employees, Total assets ($B): 6.44558193 · Participants: 57811Ford Motor Co. Tax-Efficient Savings Plan for Hourly Employees
Sterling Bank & Trust 401(k) Plan vs. nearby 401(k) plans in Michigan, assets vs. participants
Compare Sterling Bank & Trust 401(k) Plan side-by-side with 3 peers →

Sterling Bank & Trust 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside Michigan, the nearest 401(k) by assets is Merced Capital, L.P. Retirement Savings Plan & Trust in MN ($22M); by covered participants it is Aarsand Management, LLC 401(k) Plan in MD (296 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($22M here).

Similar participant headcount

Nearest other-state filings by covered participants (296 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 Sterling Bank & Trust 401(k) Plan assets move in 2022? ▼
Sterling Bank & Trust 401(k) Plan pulled back noticeably - down 6.6% during 2022, from $24M to $22M. Reported net income was -$2M.
How have Sterling Bank & Trust Fsb plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Sterling Bank & Trust Fsb's sponsor-wide assets grew 30.3%, from $22M to $29M.
Where does Sterling Bank & Trust 401(k) Plan rank by assets among Form 5500 filers? ▼
Sterling Bank & Trust 401(k) Plan ranks in the 79th percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (in the top quartile of all filed plans by assets).
Which 401(k) plans are similar in size to Sterling Bank & Trust 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Merced Capital, L.P. Retirement Savings Plan & Trust in MN ($22M, 27 participants).
Which 401(k) plans cover a similar participant headcount to Sterling Bank & Trust 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Aarsand Management, LLC 401(k) Plan in MD (296 participants, N/A 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 382524834.

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.