401(k) · DOL Form 5500 · 2022

Webster Bank, National Association 401(k) Plan

Data updated 2026-08-11

$349M
Total assets
1,461
Participants
97th
Percentile by assets
$238,865
Avg per participant
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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.

  • 97th percentile by assets (of 139,126 plans)
  • #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.

$349M
total plan assets (2022 EOY)
1,461
covered participants
97th
percentile by assets (of 139,126 plans)
$238,865
avg assets per participant

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.

Where Sterling National Bank 401(k) and Profit Sharing Plan sits 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 $2,010,000,000 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

State
New York
Industry
Finance & Insurance

Sterling National Bank 401(k) and Profit Sharing Plan vs the 2022 asset distribution

By assets, Sterling National Bank 401(k) and Profit Sharing Plan outranks 97% of the 139,126 plans that filed a Form 5500 for the 2022 plan year, and holds roughly 3.5x the national average plan size of $100M (721 average participants).

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)

$1.1B$1.2B$1.3B$1.4B 202220232024 $1.13B $1.34B ▲ +18.6%
Total plan assets by year, all Webster Bank, National Association plans on file
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

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 Ba…IBM 401 (K) Plus PlanMorgan Stanley 401(k…The Pepsico Savings …Deloitte 401(k) PlanThe Goldman Sachs 40…
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… side-by-side with 3 peers →

Similar-Sized 401(k) Plans Nationally

401(k) plans in other states closest to Sterling National Bank 401(k) and Profit Sharing Plan by total assets, not by location.

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).

Next read for Sterling National Bank 401(k) and Profit…

Scale reading

Ways to act on Sterling National Bank 401(k) and Profit Sharing Plan's numbers.

  • By total assets, Sterling National Bank 401(k) and Profit Sharing Plan ranks in the top 5% of all filed plans by assets. See the largest plans
  • Compare it side-by-side against 3 similar 401(k) plans in New York. Compare plans
  • Webster Bank, National Association's sponsor-wide assets have grown 18.9% since 2022 across 3 plan years on file. More Finance & Insurance plans

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.