401(k) · DOL Form 5500 · 2022

Webster Bank, National Association 401(k) Plan

Data updated 2026-08-25

$349M
Total assets Above avg plan size
1,461
Participants Near avg headcount
97th
Percentile by assets National rank
$238,865
Avg per participant Above avg balance/head
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Official DOL plan name: Sterling National Bank 401(k) and Profit Sharing Plan · Sponsored by Webster Bank, National Association · New York · Finance & Insurance

$349M in assets, 1,461 participants

Webster Bank, National Association's Sterling National Bank 401(k) and Profit Sharing Plan reported $349M in total assets and 1,461 participants in its 2022 DOL Form 5500 filing, ranking in the 97th 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.

  • #8,797 in Finance & Insurance (9,261 peers)

Where Sterling National Bank 401(k) and Profit Sharing Plan sits by assets

Sterling National Bank 401(k) and Profit Sharing Plan sits in the top 5% of all filed plans by assets, $349M for 1,461 participants (~$238,865/participant), down 17.6% in 2022.

#8,797
in Finance & Insurance (9,261 peers)
-17.6%
assets change YoY
3.5×
vs typical plan assets (national mean)

The plan reported a net loss of $69M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Sterling National Bank 401(k) and Profit Sharing Plan's outsized position by total assets

Sterling National Bank 401(k) and Profit Sharing Plan vs every filed plan by assets

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

$348,981,824 Top 3% higher than 97% 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 National Bank 401(k) and Profit Sharing Plan's large-plan peer group by participant headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Sterling National Bank 401(k) and Profit Sharing Plan lands in the large band (1,461 participants).

Plan-year Form 5500 strip

Filing strip 060273620 · Webster Bank, National Association PY 2022 · 401(k)

Sterling National Bank 401(k) and Profit Sharing Plan · $349M · 1,461 · 97th

  • ASSETS $349M
  • PCT 1,461
  • EIN 97th
  • RANK 401(k)
  • PHOTO near Fanuc America Corporation Savings Plan
  • IND ind #8797

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 New York →

Sterling National Bank 401(k) and Profit Sharing Plan in the asset neighbourhood

New Balance Athletics Employee Savings and Security PlanNew Balance Athletics Employ…$349MEnersys Delaware Inc. 401(k) PlanEnersys Delaware Inc. 401(k)…$349MSterling National Bank 401(k) and Profit Sharing PlanSterling National Bank 401(k…$349MFanuc America Corporation Savings PlanFanuc America Corporation Sa…$349MEdelman Financial Engines 401(k) PlanEdelman Financial Engines 40…$349M
End-of-year total assets ($M) among Sterling National Bank 401(k) and Profit Sharing Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2022.

Scale-class filing particulars (2022)

Total Assets (Beginning of Year)$424M
Net Assets (End of Year)$346M
Net Income-$69M
Employer EIN060273620
Plan Effective Date1991-08-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Webster Bank, National Association)

Sponsor-wide plan assets over time

All Webster Bank, National Association plans reported in each filing year

Latest sponsor-wide plan assets
$1.3B 18.929007987766553% vs 2022
2024 filing year
$1.1B$1.2B$1.3B$1.4B 202220232024 $1.13B $1.34B ▲ +18.6%
Year Plans Participants Total Assets
2022 3 4,986 $1.1B
2023 3 4,736 $1.2B
2024 2 3,774 $1.3B

Nearby 401(k) Plans in New York

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

Sterling National Bank 401(k) and Profit Sharing Plan vs. nearby 401(k) plans in New York, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 -200204060 Total assets ($B) Participants Sterling National Bank 401(k) and Profit Sharing Plan, Total assets ($B): 0.348981824 · Participants: 1461Sterling National Bank 401(k) and Profit Sharing PlanIBM 401 (K) Plus Plan, Total assets ($B): 53.363875208 · Participants: 56376IBM 401 (K) Plus PlanMorgan Stanley 401(k) Plan, Total assets ($B): 16.415517176 · Participants: 42924Morgan Stanley 401(k) PlanThe Pepsico Savings Plan, Total assets ($B): 12.067222 · Participants: 129846The Pepsico Savings PlanDeloitte 401(k) Plan, Total assets ($B): 10.966899716 · Participants: 74687Deloitte 401(k) PlanThe Goldman Sachs 401(k) Plan, Total assets ($B): 9.681988279 · Participants: 22650The Goldman Sachs 401(k) Plan
Sterling National Bank 401(k) and Profit Sharing Plan vs. nearby 401(k) plans in New York, assets vs. participants
Compare Sterling National Bank 401(k) and Profit Sharing Plan side-by-side with 3 peers →

Sterling National Bank 401(k) and Profit Sharing Plan's out-of-state 401(k) peers by assets and headcount

Outside New York, the nearest 401(k) by assets is Fanuc America Corporation Savings Plan in MI ($349M); by covered participants it is Hexaware Technologies, Incorporated Retirement Plan in NJ (1,462 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($349M here).

Similar participant headcount

Nearest other-state filings by covered participants (1,461 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 National Bank 401(k) and Profit Sharing Plan assets move in 2022? ▼
Sterling National Bank 401(k) and Profit Sharing Plan declined sharply - down 17.6% during 2022, from $424M to $349M. Reported net income was -$69M.
How have Webster Bank, National Association plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Webster Bank, National Association's sponsor-wide assets grew 18.9%, from $1.1B to $1.3B.
Where does Sterling National Bank 401(k) and Profit Sharing Plan rank by assets among Form 5500 filers? ▼
Sterling National Bank 401(k) and Profit Sharing Plan ranks in the 97th percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (in the top 5% of all filed plans by assets).
Which 401(k) plans are similar in size to Sterling National Bank 401(k) and Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by assets is Fanuc America Corporation Savings Plan in MI ($349M, 1,179 participants).
Which 401(k) plans cover a similar participant headcount to Sterling National Bank 401(k) and Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Hexaware Technologies, Incorporated Retirement Plan in NJ (1,462 participants, $21M 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 060273620.

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.