Defined Benefit (Pension) · DOL Form 5500 · 2023

The Milford Bank Pension Plan

Data updated 2026-08-25

N/A
Total assets
38
Participants Small participant base
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Official DOL plan name: Pension Plan of the Milford Bank · Sponsored by The Milford Bank · Connecticut · Finance & Insurance

N/A in assets, 38 participants

The Milford Bank's Pension Plan of the Milford Bank reported N/A in total assets and 38 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.

The Milford Bank multi-year trail

The Milford Bank's plans moved -11.8% in assets from 2022 to 2024; this filing shows Pension Plan of the Milford Bank at N/A / 38 participants.

$1M
reported net income

Pension Plan of the Milford Bank among smaller filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Pension Plan of the Milford Bank is a small filing (38 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Pension Plan of the Milford Bank reported net income rose from -$1M in the plan year 2022 filing to $1M in the plan year 2023 filing.
  • Pension Plan of the Milford Bank reported participants fell from 43 in the plan year 2022 filing to 38 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Plan-year Form 5500 strip

Filing strip 060453420 · The Milford Bank PY 2023 · Defined Benefit (Pension)

Pension Plan of the Milford Bank · N/A · 38

  • PART N/A
  • PART 38
  • PART PY 2023
  • PART Defined Benefit (Pension)
  • PART near Retirement Plan for Employees of Richardson Aviation
  • PART $1M

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 Connecticut →

The Milford Bank multi-year asset trail

Sponsor-wide plan assets over time

All The Milford Bank plans reported in each filing year

Latest sponsor-wide plan assets
$23M 11.788065083444742% vs 2022
2024 filing year
$18M$20M$22M$24M$26M$28M 202220232024 $26.1M $23M ▼ -11.8%
Year Plans Participants Total Assets
2022 2 127 $26M
2023 2 119 $20M
2024 1 83 $23M

The Milford Bank filing trail (2023)

Total Assets (Beginning of Year)$8M
Net Assets (End of Year)N/A
Net Income$1M
Employer EIN060453420
Plan Effective Date1969-07-01
Filing StatusFILING RECEIVED

Nearby Defined Benefit (Pension) Plans in Connecticut

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

Pension Plan of the Milford Bank vs. nearby Defined Benefit (Pension) plans in Connecticut, assets vs. participants Scatter plot of 5 data points. 0500010000150002000025000 01020304050 Total assets ($B) Participants Rtx Consolidated Pension Plan, Total assets ($B): 43.752088232 · Participants: 23823Rtx Consolidated Pension PlanThe Citigroup Pension Plan, Total assets ($B): 10.610367002 · Participants: 17283The Citigroup Pension PlanEversource Pension Plan, Total assets ($B): 5.8761342 · Participants: 3717Eversource Pension PlanRetirement Plan for Employees of Aetna Inc., Total assets ($B): 5.40003759 · Participants: 10546Retirement Plan for Employees of Aetna Inc.The Hartford Retirement Plan for U.S. Employees, Total assets ($B): 3.580099386 · Participants: 7529The Hartford Retirement Plan for U.S. Employees
Pension Plan of the Milford Bank vs. nearby Defined Benefit (Pension) plans in Connecticut, assets vs. participants

Pension Plan of the Milford Bank's closest out-of-state Defined Benefit (Pension) peers by headcount

Outside Connecticut, the nearest Defined Benefit (Pension) by covered participants is Retirement Plan for Employees of Richardson Aviation in TX (38 participants; this filing: 38 participants).

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 The Milford Bank plan assets changed over time?
Across 3 plan years on file (2022-2024), The Milford Bank's sponsor-wide assets declined 11.8%, from $26M to $23M.
Which Defined Benefit (Pension) plans cover a similar participant headcount to Pension Plan of the Milford Bank?
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Retirement Plan for Employees of Richardson Aviation in TX (38 participants, $21M in assets).