401(k) · DOL Form 5500 · 2022

The Milford Bank 401(k) Plan

Data updated 2026-08-25

$18M
Total assets Small plan by assets
84
Participants Small participant base
76th
Percentile by assets National rank
$214,776
Avg per participant Above avg balance/head
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Official DOL plan name: The Milford Bank 401(k) Profit Sharing Plan with Cash or Deferred Arrangement · Sponsored by The Milford Bank · Connecticut · Finance & Insurance

$18M in assets, 84 participants

The Milford Bank's The Milford Bank 401(k) Profit Sharing Plan with Cash or Deferred Arrangement reported $18M in total assets and 84 participants in its 2022 DOL Form 5500 filing, ranking in the 76th 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.

  • #5,711 in Finance & Insurance (9,261 peers)

Where The Milford Bank 401(k) Profit Sharing Plan with Cash or Deferred Arrangement sits by assets

The Milford Bank 401(k) Profit Sharing Plan with Cash or Deferred Arrangement sits in the top quartile of all filed plans by assets, $18M for 84 participants (~$214,776/participant), down 12.9% in 2022.

#5,711
in Finance & Insurance (9,261 peers)
-12.9%
assets change YoY
0.2×
vs typical plan assets (national mean)

The plan reported a net loss of $3M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

The Milford Bank 401(k) Profit Sharing Plan with Cash or Deferred Arrangement's outsized position by total assets

The Milford Bank 401(k) Profit Sharing Plan with Cash or Deferred Arrangement vs every filed plan by assets

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

$18,041,156 Top 24% higher than 76% 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 Milford Bank 401(k) Profit Sharing Plan with Cash or Deferred Arrangement among smaller filed plans by headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. The Milford Bank 401(k) Profit Sharing Plan with Cash or Deferred Arrangement is a small filing (84 participants) on this national headcount ladder.

Form 5500 schedule snapshot

Filing strip 060453420 · The Milford Bank PY 2022 · 401(k)

The Milford Bank 401(k) Profit Sharing Plan with Cash or Deferred Arrangement · $18M · 84 · 76th

  • NET $18M
  • BOOK 84
  • VS-ST 76th
  • BOY 401(k)
  • SCH near Lake/Flato Architects, Inc. 401(k) Profit Sharing Plan and Trust
  • EBSA ind #5711

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 →

The Milford Bank 401(k) Profit Sharing Plan with Cash or Deferred Arrangement in the asset neighbourhood

The Milford Bank 401(k) Profit Sharing Plan with Cash or Deferred ArrangementThe Milford Bank 401(k) Prof…$18MLake/Flato Architects, Inc. 401(k) Profit Sharing Plan and TrustLake/Flato Architects, Inc. …$18MAirship Group Inc. 401(k) Profit Sharing Plan and TrustAirship Group Inc. 401(k) Pr…$18MSmart Financial Credit Union 401(k) PlanSmart Financial Credit Union…$18MFarm Bureau Mutual Insurance Company of Idaho Voluntary Employee Savings PlanFarm Bureau Mutual Insurance…$18M
End-of-year total assets ($M) among The Milford Bank 401(k) Profit Sharing Plan with Cash or Deferred Arrangement and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2022.

Scale-class filing particulars (2022)

Total Assets (Beginning of Year)$21M
Net Assets (End of Year)$18M
Net Income-$3M
Employer EIN060453420
Plan Effective Date1985-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (The Milford Bank)

Sponsor-wide plan assets over time

All The Milford Bank plans reported in each filing year

Latest sponsor-wide plan assets
$23M 11.788065083444742% vs 2022
2024 filing year
$18M$20M$22M$24M$26M$28M 202220232024 $26.1M $23M ▼ -11.8%
Year Plans Participants Total Assets
2022 2 127 $26M
2023 2 119 $20M
2024 1 83 $23M

Nearby 401(k) Plans in Connecticut

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

The Milford Bank 401(k) Profit Sharing Plan with Cash or Deferred Arrangement vs. nearby 401(k) plans in Connecticut, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000 -200204060 Total assets ($B) Participants The Milford Bank 401(k) Profit Sharing Plan with Cash or Deferred Arrangement, Total assets ($B): 0.018041156 · Participants: 84The Milford Bank 401(k) Profit Sharing Plan with Cash or Deferred ArrangementUnited 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
The Milford Bank 401(k) Profit Sharing Plan with Cash or Deferred Arrangement vs. nearby 401(k) plans in Connecticut, assets vs. participants
Compare The Milford Bank 401(k) Profit Sharing Plan with Cash or Deferred Arrangement side-by-side with 3 peers →

The Milford Bank 401(k) Profit Sharing Plan with Cash or Deferred Arrangement's out-of-state 401(k) peers by assets and headcount

Outside Connecticut, the nearest 401(k) by assets is Lake/Flato Architects, Inc. 401(k) Profit Sharing Plan and Trust in TX ($18M); by covered participants it is Kate Somerville Skincare, LLC 401(k) Ps Plan in CA (84 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (84 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 Milford Bank 401(k) Profit Sharing Plan with Cash or Deferred Arrangement assets move in 2022? ▼
The Milford Bank 401(k) Profit Sharing Plan with Cash or Deferred Arrangement pulled back noticeably - down 12.9% during 2022, from $21M to $18M. Reported net income was -$3M.
How have The Milford Bank plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), The Milford Bank's sponsor-wide assets declined 11.8%, from $26M to $23M.
Where does The Milford Bank 401(k) Profit Sharing Plan with Cash or Deferred Arrangement rank by assets among Form 5500 filers? ▼
The Milford Bank 401(k) Profit Sharing Plan with Cash or Deferred Arrangement ranks in the 76th 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 The Milford Bank 401(k) Profit Sharing Plan with Cash or Deferred Arrangement? ▼
Among 401(k) plans in other states, the closest by assets is Lake/Flato Architects, Inc. 401(k) Profit Sharing Plan and Trust in TX ($18M, 131 participants).
Which 401(k) plans cover a similar participant headcount to The Milford Bank 401(k) Profit Sharing Plan with Cash or Deferred Arrangement? ▼
Among 401(k) plans in other states, the closest by covered participants is Kate Somerville Skincare, LLC 401(k) Ps Plan in CA (84 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 060453420.

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.