401(k) · DOL Form 5500 · 2023

Webster Bank, N.a. 401(k) Plan

Data updated 2026-08-25

$1.0B
Total assets Very large vs avg
2,988
Participants Above avg headcount
99th
Percentile by assets National rank
$341,033
Avg per participant High balance/head
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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.

  • #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.

#8,645
in Finance & Insurance (8,869 peers)
+77.1%
assets growth YoY
10×
vs typical plan assets (national mean)

Webster Bank Retirement Savings Plan's outsized position 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

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

Webster Bank Retirement Savings Plan's large-plan peer group by participant headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Webster Bank Retirement Savings Plan lands in the large band (2,988 participants).

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.

See the national 2022→2023 release diff →

Plan-year Form 5500 strip

Filing strip 060273620 · Webster Bank, N.a. PY 2023 · 401(k)

Webster Bank Retirement Savings Plan · $1.0B · 2,988 · 99th

  • ASSETS $1.0B
  • PCT 2,988
  • EIN 99th
  • RANK 401(k)
  • PHOTO near Recreational Equipment, Inc. Retirement and Profit Sharing Plan
  • IND ind #8645

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 New York →

Webster Bank Retirement Savings Plan in the asset neighbourhood

Webster Bank Retirement Savings PlanWebster Bank Retirement Savi…$1.0BRecreational Equipment, Inc. Retirement and Profit Sharing PlanRecreational Equipment, Inc.…$1.0BOncor Thrift Plan$1.0BHni Corporation Profit-Sharing Retirement PlanHni Corporation Profit-Shari…$1.0BPolaris 401(k) Retirement Savings PlanPolaris 401(k) Retirement Sa…$1.0B
End-of-year total assets ($B) among Webster Bank Retirement Savings Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

New York filing particulars

Total Assets (Beginning of Year)$576M
Net Assets (End of Year)$1.0B
Net Income$92M
Employer EIN060273620
Plan Effective Date1984-10-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Webster Bank, N.a.)

Sponsor-wide plan assets over time

All Webster Bank, N.a. plans reported in each filing year

Latest sponsor-wide plan assets
$1.3B 18.929007987766553% vs 2022
2024 filing year
$1.1B$1.2B$1.3B$1.4B 202220232024 $1.13B $1.34B ▲ +18.6%
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 Scatter plot of 6 data points. -50000050000100000150000 -20020406080 Total assets ($B) Participants Webster Bank Retirement Savings Plan, Total assets ($B): 1.01900804 · Participants: 2988Webster Bank Retirement Savings PlanIBM 401 (K) Plus Plan, Total assets ($B): 57.428456306 · Participants: 54912IBM 401 (K) Plus PlanPfizer Savings Plan, Total assets ($B): 19.56134085 · Participants: 30033Pfizer Savings PlanMorgan Stanley 401(k) Plan, Total assets ($B): 19.235068266 · Participants: 55363Morgan Stanley 401(k) PlanThe Pepsico Savings Plan, Total assets ($B): 13.651296 · Participants: 133597The Pepsico Savings PlanThe Goldman Sachs 401(k) Plan, Total assets ($B): 11.428659742 · Participants: 24866The Goldman Sachs 401(k) Plan
Webster Bank Retirement Savings Plan vs. nearby 401(k) plans in New York, assets vs. participants
Compare Webster Bank Retirement Savings Plan side-by-side with 3 peers →

Webster Bank Retirement Savings Plan's out-of-state 401(k) peers by assets and headcount

Outside New York, the nearest 401(k) by assets is Recreational Equipment, Inc. Retirement and Profit Sharing Plan in WA ($1.0B); by covered participants it is Tmna, Inc. 401(k) Plan in NJ (2,988 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($1.0B here).

Similar participant headcount

Nearest other-state filings by covered participants (2,988 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 Webster Bank Retirement Savings Plan assets move in 2023? ▼
Webster Bank Retirement Savings Plan surged - up 77.1% during 2023, from $576M to $1.0B. Reported net income was $92M.
How have Webster Bank, N.a. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Webster Bank, N.a.'s sponsor-wide assets grew 18.9%, from $1.1B to $1.3B.
Where does Webster Bank Retirement Savings Plan rank by assets among Form 5500 filers? ▼
Webster Bank Retirement Savings Plan ranks in the 99th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (among the largest 1% of all filed plans).
Which 401(k) plans are similar in size to Webster Bank Retirement Savings Plan? ▼
Among 401(k) plans in other states, the closest by assets is Recreational Equipment, Inc. Retirement and Profit Sharing Plan in WA ($1.0B, 17,518 participants).
Which 401(k) plans cover a similar participant headcount to Webster Bank Retirement Savings Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Tmna, Inc. 401(k) Plan in NJ (2,988 participants, $699M 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 060273620.

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.