401(k) · DOL Form 5500 · 2023

Sandy Spring Bancorp, Inc 401(k) Plan

Data updated 2026-08-11

$198M
Total assets
1,133
Participants
95th
Percentile by assets
$174,701
Avg per participant
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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.

  • 95th percentile by assets (of 127,072 plans)
  • #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.

$198M
total plan assets (2023 EOY)
1,133
covered participants
95th
percentile by assets (of 127,072 plans)
$174,701
avg assets per participant

Where Sandy Spring Bank 401(k) Plan sits 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 $2,010,000,000 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 2023

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 →

State
Maryland
Industry
Finance & Insurance

Sandy Spring Bank 401(k) Plan vs the 2023 asset distribution

By assets, Sandy Spring Bank 401(k) Plan outranks 95% of the 127,072 plans that filed a Form 5500 for the 2023 plan year, and holds roughly 2.0x the national average plan size of $100M (721 average participants).

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)

$190M$200M$210M$220M$230M$240M 202220232024 $205M $228M ▲ +11.3%
Total plan assets by year, all Sandy Spring Bancorp, Inc plans on file
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

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 40…Lockheed Martin Corp…Marriott Retirement …T. Rowe Price U.S. R…Nfl Player Second Ca…Sodexo 401 (K) Emplo…
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 →

Similar-Sized 401(k) Plans Nationally

401(k) plans in other states closest to Sandy Spring Bank 401(k) Plan by total assets, not by location.

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).

Next read for Sandy Spring Bank 401(k) Plan

Scale reading

Ways to act on Sandy Spring Bank 401(k) Plan's numbers.

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.