401(k) · DOL Form 5500 · 2023

Kitsap Bank 401(k) Plan

Data updated 2026-08-25

$53M
Total assets Below avg plan size
267
Participants Below avg headcount
86th
Percentile by assets National rank
$199,232
Avg per participant Above avg balance/head
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Official DOL plan name: Kitsap Bank 401(k) Profit Sharing Plan · Sponsored by Kitsap Bank · Washington · Finance & Insurance

$53M in assets, 267 participants

Kitsap Bank's Kitsap Bank 401(k) Profit Sharing Plan reported $53M in total assets and 267 participants in its 2023 DOL Form 5500 filing, ranking in the 86th 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.

  • #6,975 in Finance & Insurance (8,869 peers)

Coverage in Washington

Kitsap Bank 401(k) Profit Sharing Plan covers 267 participants in Washington, about 18% of the average Washington filer (state average ~1,476 per filing). Assets: $53M.

#6,975
in Finance & Insurance (8,869 peers)
+16.8%
assets growth YoY
0.5×
vs typical plan assets (national mean)

Kitsap Bank 401(k) Profit Sharing Plan's outsized position by total assets

Kitsap Bank 401(k) Profit Sharing Plan vs every filed plan by assets

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

$53,195,075 Top 14% higher than 86% 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

Kitsap Bank 401(k) Profit Sharing 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. Kitsap Bank 401(k) Profit Sharing Plan sits mid-pack in the medium band (267 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Kitsap Bank 401(k) Profit Sharing Plan reported net income rose from -$9M in the plan year 2022 filing to $8M in the plan year 2023 filing.
  • Kitsap Bank 401(k) Profit Sharing Plan end-of-year assets rose from $46M in the plan year 2022 filing to $53M in the plan year 2023 filing.
  • Kitsap Bank 401(k) Profit Sharing Plan reported participants rose from 259 in the plan year 2022 filing to 267 in the plan year 2023 filing.

See the national 2022→2023 release diff →

EBSA filing schedule strip

Filing strip 910283150 · Kitsap Bank PY 2023 · 401(k)

Kitsap Bank 401(k) Profit Sharing Plan · $53M · 267 · 86th

  • BOY $53M
  • SCH 267
  • EBSA 86th
  • PART 401(k)
  • TYPE near My Airline 401(k) Retirement Plan
  • NET ind #6975

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 Washington →

Kitsap Bank 401(k) Profit Sharing Plan in the asset neighbourhood

Kitsap Bank 401(k) Profit Sharing PlanKitsap Bank 401(k) Profit Sh…$53MService Express, LLC 401(k) PlanService Express, LLC 401(k) …$53MSwitch, Ltd. 401(k) Plan$53MTrident Maritime Systems Retirement Savings PlanTrident Maritime Systems Ret…$53MMy Airline 401(k) Retirement PlanMy Airline 401(k) Retirement…$53M
End-of-year total assets ($M) among Kitsap Bank 401(k) Profit Sharing Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Washington filing particulars

Total Assets (Beginning of Year)$46M
Net Assets (End of Year)$53M
Net Income$8M
Employer EIN910283150
Plan Effective Date1985-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Kitsap Bank)

Sponsor-wide plan assets over time

All Kitsap Bank plans reported in each filing year

Latest sponsor-wide plan assets
$57M 25.74907090333676% vs 2022
2024 filing year
$40M$45M$50M$55M$60M 202220232024 $45.5M $57.3M ▲ +25.7%
Year Plans Participants Total Assets
2022 1 259 $46M
2023 1 267 $53M
2024 1 273 $57M

Nearby 401(k) Plans in Washington

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

Kitsap Bank 401(k) Profit Sharing Plan vs. nearby 401(k) plans in Washington, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000200000250000 -20020406080 Total assets ($B) Participants Kitsap Bank 401(k) Profit Sharing Plan, Total assets ($B): 0.053195075 · Participants: 267Kitsap Bank 401(k) Profit Sharing PlanThe Boeing Company 401(k) Retirement Plan, Total assets ($B): 72.246135158 · Participants: 128910The Boeing Company 401(k) Retirement PlanMicrosoft Corporation Savings Plus 401(k) Plan, Total assets ($B): 53.225853429 · Participants: 123296Microsoft Corporation Savings Plus 401(k) PlanCostco 401(k) Retirement Plan, Total assets ($B): 33.384845813 · Participants: 192744Costco 401(k) Retirement PlanT-Mobile USA, Inc. 401(k) Retirement Savings Plan & Trust, Total assets ($B): 8.338937292 · Participants: 71538T-Mobile USA, Inc. 401(k) Retirement Savings Plan & Trust401(k) Savings Plan, Total assets ($B): 8.118808679 · Participants: 87590401(k) Savings Plan
Kitsap Bank 401(k) Profit Sharing Plan vs. nearby 401(k) plans in Washington, assets vs. participants
Compare Kitsap Bank 401(k) Profit Sharing Plan side-by-side with 3 peers →

Kitsap Bank 401(k) Profit Sharing Plan's out-of-state 401(k) peers by assets and headcount

Outside Washington, the nearest 401(k) by assets is My Airline 401(k) Retirement Plan in MO ($53M); by covered participants it is Unique Fabricating Inc Profit Sharing and 401 K Plan in DE (267 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($53M here).

Similar participant headcount

Nearest other-state filings by covered participants (267 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 Kitsap Bank 401(k) Profit Sharing Plan assets move in 2023? ▼
Kitsap Bank 401(k) Profit Sharing Plan grew sharply - up 16.8% during 2023, from $46M to $53M. Reported net income was $8M.
How have Kitsap Bank plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Kitsap Bank's sponsor-wide assets grew 25.7%, from $46M to $57M.
Where does Kitsap Bank 401(k) Profit Sharing Plan rank by assets among Form 5500 filers? ▼
Kitsap Bank 401(k) Profit Sharing Plan ranks in the 86th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top quartile of all filed plans by assets).
Which 401(k) plans are similar in size to Kitsap Bank 401(k) Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by assets is My Airline 401(k) Retirement Plan in MO ($53M, 870 participants).
Which 401(k) plans cover a similar participant headcount to Kitsap Bank 401(k) Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Unique Fabricating Inc Profit Sharing and 401 K Plan in DE (267 participants, $7M 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 910283150.

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.