Defined Benefit (Pension) · DOL Form 5500 · 2023

Sandy Spring Bancorp, Inc. Pension Plan

Data updated 2026-08-25

N/A
Total assets —
164
Participants Small participant base
PlainRetire home → About this data RSS: change history

Official DOL plan name: Sandy Spring Bancorp, Inc. Retirement Income Plan · Sponsored by Sandy Spring Bancorp, Inc. · Maryland · Finance & Insurance

N/A in assets, 164 participants

Sandy Spring Bancorp, Inc.'s Sandy Spring Bancorp, Inc. Retirement Income Plan reported N/A in total assets and 164 participants in its 2023 DOL Form 5500 filing. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.

Coverage in Maryland

Sandy Spring Bancorp, Inc. Retirement Income Plan covers 164 participants in Maryland, about 18% of the average Maryland filer (state average ~929 per filing). Assets: N/A.

-$32M
reported net income

The plan reported a net loss of $32M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Sandy Spring Bancorp, Inc. Retirement Income Plan among mid-size filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Sandy Spring Bancorp, Inc. Retirement Income Plan sits mid-pack in the medium band (164 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Sandy Spring Bancorp, Inc. Retirement Income Plan reported net income fell from -$13M in the plan year 2022 filing to -$32M in the plan year 2023 filing.
  • Sandy Spring Bancorp, Inc. Retirement Income Plan reported participants fell from 169 in the plan year 2022 filing to 164 in the plan year 2023 filing.

See the national 2022→2023 release diff →

EBSA filing schedule strip

Filing strip 521532952 · Sandy Spring Bancorp, Inc. PY 2023 · Defined Benefit (Pension)

Sandy Spring Bancorp, Inc. Retirement Income Plan · N/A · 164

  • TYPE N/A
  • TYPE 164
  • TYPE PY 2023
  • TYPE Defined Benefit (Pension)
  • TYPE near National Fire Protection Association Employees' Retirement Plan
  • TYPE -$32M

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 Maryland →

Maryland filing particulars

Total Assets (Beginning of Year)$32M
Net Assets (End of Year)N/A
Net Income-$32M
Employer EIN521532952
Plan Effective Date1967-07-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Sandy Spring Bancorp, Inc.)

Sponsor-wide plan assets over time

All Sandy Spring Bancorp, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$228M 11.345217156751186% vs 2022
2024 filing year
$190M$200M$210M$220M$230M$240M 202220232024 $205M $228M ▲ +11.3%
Year Plans Participants Total Assets
2022 2 1,324 $205M
2023 2 1,297 $198M
2024 2 2,230 $228M

Nearby Defined Benefit (Pension) Plans in Maryland

Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.

Sandy Spring Bancorp, Inc. Retirement Income Plan vs. nearby Defined Benefit (Pension) plans in Maryland, assets vs. participants Scatter plot of 5 data points. -1000000100000200000300000400000 05101520 Total assets ($B) Participants National Electrical Benefit Fund, Total assets ($B): 18.88881693 · Participants: 323315National Electrical Benefit FundLockheed Martin Corporation Salaried Employee Retirement Program, Total assets ($B): 18.434547593 · Participants: 19673Lockheed Martin Corporation Salaried Employee Retirement ProgramMajor League Baseball Players Pension Plan, Total assets ($B): 4.648661647 · Participants: 1087Major League Baseball Players Pension PlanNational Automatic Sprinkler Industry Pension Fund, Total assets ($B): 4.493297428 · Participants: 15047National Automatic Sprinkler Industry Pension FundInternational Painters and Allied Trades Industry Pension Plan, Total assets ($B): 4.223547088 · Participants: 44973International Painters and Allied Trades Industry Pension Plan
Sandy Spring Bancorp, Inc. Retirement Income Plan vs. nearby Defined Benefit (Pension) plans in Maryland, assets vs. participants
Compare Sandy Spring Bancorp, Inc. Retirement Income Plan side-by-side with 3 peers →

Sandy Spring Bancorp, Inc. Retirement Income Plan's closest out-of-state Defined Benefit (Pension) peers by headcount

Outside Maryland, the nearest Defined Benefit (Pension) by covered participants is National Fire Protection Association Employees' Retirement Plan in MA (164 participants; this filing: 164 participants).

Similar participant headcount

Nearest other-state filings by covered participants (164 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How have Sandy Spring Bancorp, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Sandy Spring Bancorp, Inc.'s sponsor-wide assets grew 11.3%, from $205M to $228M.
Which Defined Benefit (Pension) plans cover a similar participant headcount to Sandy Spring Bancorp, Inc. Retirement Income Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is National Fire Protection Association Employees' Retirement Plan in MA (164 participants, $108M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 521532952.

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.