401(k) · DOL Form 5500 · 2022

Savings Bank of Danbury 401(k) Plan

Data updated 2026-08-25

$24M
Total assets Small plan by assets
168
Participants Small participant base
80th
Percentile by assets National rank
$142,555
Avg per participant Near avg balance/head
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Official DOL plan name: Savings Bank of Danbury Savings Plan · Sponsored by Savings Bank of Danbury · Connecticut · Finance & Insurance

$24M in assets, 168 participants

Savings Bank of Danbury's Savings Bank of Danbury Savings Plan reported $24M in total assets and 168 participants in its 2022 DOL Form 5500 filing, ranking in the 80th 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.

  • #6,270 in Finance & Insurance (9,261 peers)

Coverage in Connecticut

Savings Bank of Danbury Savings Plan covers 168 participants in Connecticut, about 23% of the average Connecticut filer (state average ~718 per filing). Assets: $24M.

#6,270
in Finance & Insurance (9,261 peers)
-26.1%
assets change YoY
0.2×
vs typical plan assets (national mean)

The plan reported a net loss of $8M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Savings Bank of Danbury Savings Plan's outsized position by total assets

Savings Bank of Danbury Savings Plan vs every filed plan by assets

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

$23,949,226 Top 20% higher than 80% 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

Savings Bank of Danbury Savings 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. Savings Bank of Danbury Savings Plan sits mid-pack in the medium band (168 participants).

DOL schedule card

Filing strip 863388610 · Savings Bank of Danbury PY 2022 · 401(k)

Savings Bank of Danbury Savings Plan · $24M · 168 · 80th

  • IND $24M
  • EOY 168
  • 5500 80th
  • ASSETS 401(k)
  • PCT near Concurrent Hro 401(k) Plan
  • EIN ind #6270

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 Connecticut →

Savings Bank of Danbury Savings Plan in the asset neighbourhood

Savings Bank of Danbury Savings PlanSavings Bank of Danbury Savi…$24MConcurrent Hro 401(k) Plan$24MIndiana Spine Group, P.C. Retirement Savings PlanIndiana Spine Group, P.C. Re…$24MMaillie LLP 401(k) Profit Sharing Plan & TrustMaillie LLP 401(k) Profit Sh…$24MPlanet Fitness 401(k) Plan$24M
End-of-year total assets ($M) among Savings Bank of Danbury Savings Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2022.

Connecticut filing particulars

Total Assets (Beginning of Year)$32M
Net Assets (End of Year)$24M
Net Income-$8M
Employer EIN863388610
Plan Effective Date1990-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Savings Bank of Danbury)

Sponsor-wide plan assets over time

All Savings Bank of Danbury plans reported in each filing year

Latest sponsor-wide plan assets
$62M 14.784862277238405% vs 2022
2024 filing year
$50M$55M$60M$65M 202220232024 $53.9M $61.8M ▲ +14.8%
Year Plans Participants Total Assets
2022 2 217 $54M
2023 2 218 $57M
2024 2 210 $62M

Nearby 401(k) Plans in Connecticut

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

Savings Bank of Danbury Savings Plan vs. nearby 401(k) plans in Connecticut, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000 -200204060 Total assets ($B) Participants Savings Bank of Danbury Savings Plan, Total assets ($B): 0.023949226 · Participants: 168Savings Bank of Danbury Savings PlanUnited Technologies Corporation Employee Savings Plan, Total assets ($B): 48.916975 · Participants: 55762United Technologies Corporation Employee Savings PlanGE Retirement Savings Plan, Total assets ($B): 24.786830027 · Participants: 57522GE Retirement Savings PlanCiti Retirement Savings Plan, Total assets ($B): 17.438946034 · Participants: 70070Citi Retirement Savings PlanThe Hartford Investment and Savings Plan, Total assets ($B): 5.615003 · Participants: 17724The Hartford Investment and Savings PlanXerox Corporation Savings Plan, Total assets ($B): 3.641347 · Participants: 11876Xerox Corporation Savings Plan
Savings Bank of Danbury Savings Plan vs. nearby 401(k) plans in Connecticut, assets vs. participants
Compare Savings Bank of Danbury Savings Plan side-by-side with 3 peers →

Savings Bank of Danbury Savings Plan's out-of-state 401(k) peers by assets and headcount

Outside Connecticut, the nearest 401(k) by assets is Concurrent Hro 401(k) Plan in CO ($24M); by covered participants it is Mmi-Es 401(k) Retirement Plan in MI (168 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($24M here).

Similar participant headcount

Nearest other-state filings by covered participants (168 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 Savings Bank of Danbury Savings Plan assets move in 2022? ▼
Savings Bank of Danbury Savings Plan declined sharply - down 26.1% during 2022, from $32M to $24M. Reported net income was -$8M.
How have Savings Bank of Danbury plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Savings Bank of Danbury's sponsor-wide assets grew 14.8%, from $54M to $62M.
Where does Savings Bank of Danbury Savings Plan rank by assets among Form 5500 filers? ▼
Savings Bank of Danbury Savings Plan ranks in the 80th 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 Savings Bank of Danbury Savings Plan? ▼
Among 401(k) plans in other states, the closest by assets is Concurrent Hro 401(k) Plan in CO ($24M, 1,148 participants).
Which 401(k) plans cover a similar participant headcount to Savings Bank of Danbury Savings Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Mmi-Es 401(k) Retirement Plan in MI (168 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 863388610.

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.