401(k) · DOL Form 5500 · 2023

Sandy Spring Bancorp, Inc 401(k) Plan

Data updated 2026-08-25

$198M
Total assets Near avg plan size
1,133
Participants Near avg headcount
95th
Percentile by assets National rank
$174,701
Avg per participant Above avg balance/head
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Official DOL plan name: Sandy Spring Bank 401(k) Plan · Sponsored by Sandy Spring Bancorp, Inc · Maryland · Finance & Insurance

$198M in assets, 1,133 participants

Sandy Spring Bancorp, Inc's Sandy Spring Bank 401(k) Plan reported $198M in total assets and 1,133 participants in its 2023 DOL Form 5500 filing, ranking in the 95th 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.

  • #8,115 in Finance & Insurance (8,869 peers)

Where Sandy Spring Bank 401(k) Plan sits by assets

Sandy Spring Bank 401(k) Plan sits in the top 5% of all filed plans by assets, $198M for 1,133 participants (~$174,701/participant), up 14.9% in 2023.

#8,115
in Finance & Insurance (8,869 peers)
+14.9%
assets growth YoY
2.0×
vs typical plan assets (national mean)

Sandy Spring Bank 401(k) Plan's outsized position by total assets

Sandy Spring Bank 401(k) Plan vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$197,936,061 Top 5% higher than 95% of 127,068 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 2023

Sandy Spring Bank 401(k) Plan's large-plan peer group by participant headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Sandy Spring Bank 401(k) Plan lands in the large band (1,133 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Sandy Spring Bank 401(k) Plan reported net income rose from -$37M in the plan year 2022 filing to $26M in the plan year 2023 filing.
  • Sandy Spring Bank 401(k) Plan end-of-year assets rose from $172M in the plan year 2022 filing to $198M in the plan year 2023 filing.
  • Sandy Spring Bank 401(k) Plan reported participants fell from 1,155 in the plan year 2022 filing to 1,133 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Plan-year Form 5500 strip

Filing strip 521532952 · Sandy Spring Bancorp, Inc PY 2023 · 401(k)

Sandy Spring Bank 401(k) Plan · $198M · 1,133 · 95th

  • 5500 $198M
  • ASSETS 1,133
  • PCT 95th
  • EIN 401(k)
  • RANK near Helpside Inc. 401(k) Plan
  • PHOTO ind #8115

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 →

Sandy Spring Bank 401(k) Plan in the asset neighbourhood

Thoughtworks, Inc 401(k) Plan$198MBy Light Professional It Services LLC 401(k) PlanBy Light Professional It Ser…$198MSandy Spring Bank 401(k) Plan$198MHelpside Inc. 401(k) Plan$198MEmployees' Thrift Plan of Indianapolis Power & Light CompanyEmployees' Thrift Plan of In…$198M
End-of-year total assets ($M) among Sandy Spring Bank 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)$172M
Net Assets (End of Year)$198M
Net Income$26M
Employer EIN521532952
Plan Effective Date1982-01-01
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 401(k) Plans in Maryland

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

Sandy Spring Bank 401(k) Plan vs. nearby 401(k) plans in Maryland, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 -200204060 Total assets ($B) Participants Sandy Spring Bank 401(k) Plan, Total assets ($B): 0.197936061 · Participants: 1133Sandy Spring Bank 401(k) PlanLockheed Martin Corporation Salaried Savings Plan, Total assets ($B): 47.273019756 · Participants: 91511Lockheed Martin Corporation Salaried Savings PlanMarriott Retirement Savings Plan, Total assets ($B): 10.20606962 · Participants: 96415Marriott Retirement Savings PlanT. Rowe Price U.S. Retirement Program, Total assets ($B): 4.357344903 · Participants: 6292T. Rowe Price U.S. Retirement ProgramNfl Player Second Career Savings Plan, Total assets ($B): 3.951576315 · Participants: 2767Nfl Player Second Career Savings PlanSodexo 401 (K) Employees' Retirement Savings Plan and Trust, Total assets ($B): 2.217483854 · Participants: 80121Sodexo 401 (K) Employees' Retirement Savings Plan and Trust
Sandy Spring Bank 401(k) Plan vs. nearby 401(k) plans in Maryland, assets vs. participants
Compare Sandy Spring Bank 401(k) Plan side-by-side with 3 peers →

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

Outside Maryland, the nearest 401(k) by assets is Helpside Inc. 401(k) Plan in UT ($198M); by covered participants it is The Scoular Company Retirement Savings Plan in NE (1,133 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($198M here).

Similar participant headcount

Nearest other-state filings by covered participants (1,133 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 did Sandy Spring Bank 401(k) Plan assets move in 2023? ▼
Sandy Spring Bank 401(k) Plan grew at a solid clip - up 14.9% during 2023, from $172M to $198M. Reported net income was $26M.
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.
Where does Sandy Spring Bank 401(k) Plan rank by assets among Form 5500 filers? ▼
Sandy Spring Bank 401(k) Plan ranks in the 95th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top 5% of all filed plans by assets).
Which 401(k) plans are similar in size to Sandy Spring Bank 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Helpside Inc. 401(k) Plan in UT ($198M, 9,844 participants).
Which 401(k) plans cover a similar participant headcount to Sandy Spring Bank 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is The Scoular Company Retirement Savings Plan in NE (1,133 participants, $115M 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.