401(k) · DOL Form 5500 · 2023

The Milford Bank 401(k) Plan

Data updated 2026-08-25

$20M
Total assets Small plan by assets
81
Participants Small participant base
73rd
Percentile by assets National rank
$249,010
Avg per participant Above avg balance/head
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Official DOL plan name: The Milford Bank 401(k) Profit Sharing Plan with Cash or Deferred Arrangement · Sponsored by The Milford Bank · Connecticut · Finance & Insurance

$20M in assets, 81 participants

The Milford Bank's The Milford Bank 401(k) Profit Sharing Plan with Cash or Deferred Arrangement reported $20M in total assets and 81 participants in its 2023 DOL Form 5500 filing, ranking in the 73rd 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.

  • #5,261 in Finance & Insurance (8,869 peers)

The Milford Bank multi-year trail

The Milford Bank's plans moved -11.8% in assets from 2022 to 2024; this filing shows The Milford Bank 401(k) Profit Sharing Plan with Cash or Deferred Arrangement at $20M / 81 participants.

#5,261
in Finance & Insurance (8,869 peers)
+11.8%
assets growth YoY

The Milford Bank 401(k) Profit Sharing Plan with Cash or Deferred Arrangement's outsized position by total assets

The Milford Bank 401(k) Profit Sharing Plan with Cash or Deferred Arrangement vs every filed plan by assets

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

$20,169,829 Top 27% higher than 73% 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

The Milford Bank 401(k) Profit Sharing Plan with Cash or Deferred Arrangement among smaller filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. The Milford Bank 401(k) Profit Sharing Plan with Cash or Deferred Arrangement is a small filing (81 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • The Milford Bank 401(k) Profit Sharing Plan with Cash or Deferred Arrangement reported net income rose from -$3M in the plan year 2022 filing to $2M in the plan year 2023 filing.
  • The Milford Bank 401(k) Profit Sharing Plan with Cash or Deferred Arrangement end-of-year assets rose from $18M in the plan year 2022 filing to $20M in the plan year 2023 filing.
  • The Milford Bank 401(k) Profit Sharing Plan with Cash or Deferred Arrangement reported participants fell from 84 in the plan year 2022 filing to 81 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 · 401(k)

The Milford Bank 401(k) Profit Sharing Plan with Cash or Deferred Arrangement · $20M · 81 · 73rd

  • ASSETS $20M
  • PCT 81
  • EIN 73rd
  • RANK 401(k)
  • PHOTO near Washington Radiology Associates, PLLC Profit Sharing Plan
  • IND ind #5261

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 401(k) Profit Sharing Plan with Cash or Deferred Arrangement in the asset neighbourhood

The Milford Bank 401(k) Profit Sharing Plan with Cash or Deferred ArrangementThe Milford Bank 401(k) Prof…$20MWashington Radiology Associates, PLLC Profit Sharing PlanWashington Radiology Associa…$20MMilestone Retirement Plan$20MEagle Specialty Materials LLC 401(k) PlanEagle Specialty Materials LL…$20MCalifornia Bank of Commerce Profit Sharing 401(k) PlanCalifornia Bank of Commerce …$20M
End-of-year total assets ($M) among The Milford Bank 401(k) Profit Sharing Plan with Cash or Deferred Arrangement and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

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)$18M
Net Assets (End of Year)$20M
Net Income$2M
Employer EIN060453420
Plan Effective Date1985-01-01
Filing StatusFILING RECEIVED

Nearby 401(k) Plans in Connecticut

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

The Milford Bank 401(k) Profit Sharing Plan with Cash or Deferred Arrangement vs. nearby 401(k) plans in Connecticut, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 -200204060 Total assets ($B) Participants The Milford Bank 401(k) Profit Sharing Plan with Cash or Deferred Arrangement, Total assets ($B): 0.020169829 · Participants: 81The Milford Bank 401(k) Profit Sharing Plan with Cash or Deferred ArrangementRtx Savings Plan, Total assets ($B): 52.759784 · Participants: 123037Rtx Savings PlanCiti Retirement Savings Plan, Total assets ($B): 20.653030659 · Participants: 77865Citi Retirement Savings PlanThe Hartford Investment and Savings Plan, Total assets ($B): 6.478512 · Participants: 18377The Hartford Investment and Savings PlanXerox Corporation Savings Plan, Total assets ($B): 3.948866 · Participants: 10291Xerox Corporation Savings PlanEversource 401(k) Plan, Total assets ($B): 3.751712453 · Participants: 9504Eversource 401(k) Plan
The Milford Bank 401(k) Profit Sharing Plan with Cash or Deferred Arrangement vs. nearby 401(k) plans in Connecticut, assets vs. participants
Compare The Milford Bank 401(k) Profit Sharing Plan with Cash or Deferred Arrangement side-by-side with 3 peers →

The Milford Bank 401(k) Profit Sharing Plan with Cash or Deferred Arrangement's out-of-state 401(k) peers by assets and headcount

Outside Connecticut, the nearest 401(k) by assets is Washington Radiology Associates, PLLC Profit Sharing Plan in VA ($20M); by covered participants it is Vaughn Electric Company,Inc. 401(k) Plan in TN (81 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (81 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 The Milford Bank 401(k) Profit Sharing Plan with Cash or Deferred Arrangement assets move in 2023? ▼
The Milford Bank 401(k) Profit Sharing Plan with Cash or Deferred Arrangement grew at a solid clip - up 11.8% during 2023, from $18M to $20M. Reported net income was $2M.
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 401(k) plans are similar in size to The Milford Bank 401(k) Profit Sharing Plan with Cash or Deferred Arrangement? ▼
Among 401(k) plans in other states, the closest by assets is Washington Radiology Associates, PLLC Profit Sharing Plan in VA ($20M, 21 participants).
Which 401(k) plans cover a similar participant headcount to The Milford Bank 401(k) Profit Sharing Plan with Cash or Deferred Arrangement? ▼
Among 401(k) plans in other states, the closest by covered participants is Vaughn Electric Company,Inc. 401(k) Plan in TN (81 participants, $5M 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 060453420.

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.