401(k) · DOL Form 5500 · 2023
Webster Bank, N.a. 401(k) Plan
Data updated 2026-08-11
- $1.0B
- Total assets
- 2,988
- Participants
- 99th
- Percentile by assets
- $341,033
- Avg per participant
Official DOL plan name: Webster Bank Retirement Savings Plan · Sponsored by Webster Bank, N.a. · New York · Finance & Insurance
$1.0B in assets, 2,988 participants
Webster Bank, N.a.'s Webster Bank Retirement Savings Plan reported $1.0B in total assets and 2,988 participants in its 2023 DOL Form 5500 filing, ranking in the 99th 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.
- 99th percentile by assets (of 127,072 plans)
- #8,645 in Finance & Insurance (8,869 peers)
Coverage in New York
Webster Bank Retirement Savings Plan covers 2,988 participants in New York, 3.7x the typical New York plan (state average ~798 per filing). Assets: $1.0B.
- $1.0B
- total plan assets (2023 EOY)
- 2,988
- covered participants
- 99th
- percentile by assets (of 127,072 plans)
- $341,033
- avg assets per participant
Where Webster Bank Retirement Savings Plan sits by total assets
Webster Bank Retirement Savings Plan vs every filed plan by assets
End-of-year total assets · plan year 2023 · DOL Form 5500
$1,019,008,040 Top 1% higher than 99% of 127,068 filed plans
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
- Webster Bank Retirement Savings Plan reported net income rose from -$143M in the plan year 2022 filing to $92M in the plan year 2023 filing.
- Webster Bank Retirement Savings Plan end-of-year assets rose from $576M in the plan year 2022 filing to $1.0B in the plan year 2023 filing.
- Webster Bank Retirement Savings Plan reported participants rose from 2,854 in the plan year 2022 filing to 2,988 in the plan year 2023 filing.
Participants vs New York filers
In New York, the average filing covers about 798 participants across 9,061 plans. Webster Bank Retirement Savings Plan reports 2,988 participants - 3.7x that state average ($1.0B EOY assets).
New York filing particulars
| Total Assets (Beginning of Year) | $576M |
|---|---|
| Net Assets (End of Year) | $1.0B |
| Net Income | $92M |
| Employer EIN | 060273620 |
| Plan Effective Date | 1984-10-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Webster Bank, N.a.)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 3 | 4,986 | $1.1B |
| 2023 | 3 | 4,736 | $1.2B |
| 2024 | 2 | 3,774 | $1.3B |
Nearby 401(k) Plans in New York
Peer 401(k) plans, same state, same plan type, ranked by total assets.
Webster Bank Retirement Savings Plan vs. nearby 401(k) plans in New York, assets vs. participants
- IBM 401 (K) Plus Plan $57.4B · 54,912
- Pfizer Savings Plan $19.6B · 30,033
- Morgan Stanley 401(k) Plan $19.2B · 55,363
- The Pepsico Savings Plan $13.7B · 133,597
- The Goldman Sachs 401(k) Plan $11.4B · 24,866
Similar-Sized 401(k) Plans Nationally
401(k) plans in other states closest to Webster Bank Retirement Savings Plan by total assets, not by location.
- Recreational Equipment, Inc. Retirement and Profit Sharing Plan (WA) $1.0B · 17,518
- Oncor Thrift Plan (TX) $1.0B · 4,636
- Hni Corporation Profit-Sharing Retirement Plan (IA) $1.0B · 6,526
- Polaris 401(k) Retirement Savings Plan (MN) $1.0B · 8,906
Frequently Asked Questions
How did Webster Bank Retirement Savings Plan assets move in 2023? ▼
How have Webster Bank, N.a. plan assets changed over time? ▼
Where does Webster Bank Retirement Savings Plan rank by assets among Form 5500 filers? ▼
Which 401(k) plans are similar in size to Webster Bank Retirement Savings Plan? ▼
Next read for Webster Bank Retirement Savings Plan
Filing takeaways
Ways to act on Webster Bank Retirement Savings Plan's numbers.
- By total assets, Webster Bank Retirement Savings Plan ranks among the largest 1% of all filed plans. See the largest plans
- Compare it side-by-side against 3 similar 401(k) plans in New York. Compare plans
- Webster Bank, N.a.'s sponsor-wide assets have grown 18.9% since 2022 across 3 plan years on file. More Finance & Insurance plans