Defined Benefit (Pension)
2022 plan-year Defined Benefit (Pension) DOL Form 5500

SANDY SPRING BANCORP, INC. RETIREMENT INCOME PLAN

ERISA Form 5500 plan record drawn from DOL EBSA — verify with linked source filings below.

SANDY SPRING BANCORP, INC.

This Defined Benefit (Pension) plan holds $32M in total assets and serves 169 participants as of 2022. It is sponsored by SANDY SPRING BANCORP, INC. in Maryland. The plan reported a net loss of $13M for the year.

Total Assets (2023)
$32M
Participants
169
State
Industry
Finance & Insurance

What the Filing Says About SANDY SPRING BANCORP, INC. RETIREMENT INCOME PLAN

SANDY SPRING BANCORP, INC. RETIREMENT INCOME PLAN is a Defined Benefit (Pension) retirement plan sponsored by SANDY SPRING BANCORP, INC., headquartered in Maryland. As of the 2022 Form 5500 filing, the plan reports $32M in total end-of-year assets and covers 169 participants across the Finance & Insurance industry. The sponsor's EIN on file with the U.S. Department of Labor is 521532952, and the plan has been effective since 1967-07-01. Its filing status is currently FILING RECEIVED.

Year over year, total assets moved from $45M at the beginning of 2022 to $32M at year-end — a decline of 28.6%. Net assets (after liabilities) closed the year at $32M, with reported net income of $-12,919,726 driven by investment returns, contributions received, and benefit payments during the period. These figures reflect what the plan administrator certified on Schedule H or Schedule I of the Form 5500 annual return and can be compared against 2 prior plan-year filings from the same sponsor shown below.

Asset totals and participant counts reflect a single plan year snapshot and can change materially with market conditions, plan mergers, or workforce changes. Fields such as "net income" include both realized investment performance and contribution/distribution flows — a single-year figure does not by itself indicate plan health or participant outcomes. This page summarizes public DOL disclosures for research and educational purposes only and is not retirement, tax, legal, or financial advice. Before making decisions about your own retirement benefits or evaluating an employer's plan, verify the underlying filing directly via the DOL EFAST2 system and consult a qualified professional.

Financial Summary (2023)

Total Assets (Beginning of Year)$45M
Total Assets (End of Year)$32M
Net Assets (End of Year)$32M
Net Income$-12,919,726
Plan TypeDefined Benefit (Pension)
Employer EIN521532952
Plan Effective Date1967-07-01
Filing StatusFILING RECEIVED

Sponsor Plan History (SANDY SPRING BANCORP, INC.)

Year Plans Participants Total Assets
2022 2 1,324 $205M
2023 2 1,297 $198M
2024 2 2,230 $228M

Nearby Defined Benefit (Pension) Plans in Maryland

Peer Defined Benefit (Pension) plans — same state, same plan type — ranked by total assets.

Frequently Asked Questions

How much money is in the SANDY SPRING BANCORP, INC. RETIREMENT INCOME PLAN?
As of the 2022 Form 5500 filing, SANDY SPRING BANCORP, INC. RETIREMENT INCOME PLAN holds $32M in total assets with 169 participants. It is sponsored by SANDY SPRING BANCORP, INC..
What type of plan is SANDY SPRING BANCORP, INC. RETIREMENT INCOME PLAN?
SANDY SPRING BANCORP, INC. RETIREMENT INCOME PLAN is a Defined Benefit (Pension) plan. It has been effective since 1967-07-01. The plan is filed with the U.S. Department of Labor under EIN 521532952.
Who sponsors the SANDY SPRING BANCORP, INC. RETIREMENT INCOME PLAN?
SANDY SPRING BANCORP, INC. RETIREMENT INCOME PLAN is sponsored by SANDY SPRING BANCORP, INC., located in Maryland. The sponsor's EIN is 521532952 and the plan operates in the Finance & Insurance industry.
How did SANDY SPRING BANCORP, INC. RETIREMENT INCOME PLAN perform in 2022?
SANDY SPRING BANCORP, INC. RETIREMENT INCOME PLAN declined by 28.6% during 2022, moving from $45M to $32M in total assets. Net income was $-12,919,726.
Where can I find official filings for SANDY SPRING BANCORP, INC. RETIREMENT INCOME PLAN?
Official Form 5500 filings for SANDY SPRING BANCORP, INC. RETIREMENT INCOME PLAN are available through the U.S. Department of Labor's EFAST2 system. Search by EIN 521532952 or plan name at efast.dol.gov.
How does SANDY SPRING BANCORP, INC. RETIREMENT INCOME PLAN compare to other plans?
You can compare SANDY SPRING BANCORP, INC. RETIREMENT INCOME PLAN against other Defined Benefit (Pension) plans on the plan type page, or view plans in Maryland on the state page. PlainRetire tracks the 5,000 largest retirement plans in the U.S. by total assets.

Explore PlainRetire

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 521532952.

Reference: IRS Publication 560 — Retirement Plans for Small Business, contribution-limit rules.

Reference: IRS Publication 590-B — Distributions from IRAs, RMD rules under SECURE Act 2.0.

Data sourced from official public datasets. See our methodology for details.