Liberty Bank Pension Plan
ERISA Form 5500 plan record drawn from DOL EBSA — verify with linked source filings below.
Sponsored by Liberty Bank · Connecticut · Finance & Insurance
What the 2023 filing shows
Liberty Bank Pension Plan holds $132M for 557 participants — about $236,140 per participant, down 25.2% over the 2022 plan year.
- $132M
- total plan assets (2022 EOY)
- 557
- covered participants
- $236,140
- avg assets per participant
- -25.2%
- assets change YoY
The plan reported a net loss of $44M for the year — a single-year figure driven by markets and benefit payments, not a measure of plan health.
What the Filing Says About Liberty Bank Pension Plan
Liberty Bank Pension Plan is a Defined Benefit (Pension) retirement plan sponsored by Liberty Bank, headquartered in Connecticut. As of the 2022 Form 5500 filing, the plan reports $132M in total end-of-year assets and covers 557 participants across the Finance & Insurance industry. The sponsor's EIN on file with the U.S. Department of Labor is 060452570, and the plan has been effective since 1959-01-01. Its filing status is currently FILING RECEIVED.
Year over year, total assets moved from $176M at the beginning of 2022 to $132M at year-end — a decline of 25.2%. Net assets (after liabilities) closed the year at $132M, with reported net income of $-44,263,022 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) | $176M |
| Total Assets (End of Year) | $132M |
| Net Assets (End of Year) | $132M |
| Net Income | $-44,263,022 |
| Plan Type | Defined Benefit (Pension) |
| Employer EIN | 060452570 |
| Plan Effective Date | 1959-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Liberty Bank)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 2 | 1,207 | $216M |
| 2023 | 2 | 1,280 | $251M |
| 2024 | 2 | 1,436 | $275M |
Nearby Defined Benefit (Pension) Plans in Connecticut
Peer Defined Benefit (Pension) plans — same state, same plan type — ranked by total assets.
- Rtx Consolidated Pension Plan $43.8B · 23,823
- The Citigroup Pension Plan $10.6B · 17,283
- Eversource Pension Plan $5.9B · 3,717
- Retirement Plan for Employees of Aetna Inc. $5.4B · 10,546
- The Hartford Retirement Plan for U.S. Employees $3.6B · 7,529
Related Data
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Frequently Asked Questions
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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 060452570.
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.
Read our methodology — how this data is sourced, computed, and verified.