401(k) · DOL Form 5500 · 2023

The Washington Trust Company, of Westerly 401(k) Plan

Data updated 2026-08-11

$131M
Total assets: 623
Participants: 93rd
Percentile by assets: $210,326
Avg per participant

Official DOL plan name: The Washington Trust Company 401(k) Plan · Sponsored by The Washington Trust Company, of Westerly · Rhode Island · Finance & Insurance

$131M in assets, 623 participants

The Washington Trust Company, of Westerly's The Washington Trust Company 401(k) Plan reported $131M in total assets and 623 participants in its 2023 DOL Form 5500 filing, ranking in the 93rd 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.

93rd percentile by assets (of 127,072 plans)
#7,881 in Finance & Insurance (8,869 peers)

Coverage in Rhode Island

The Washington Trust Company 401(k) Plan covers 623 participants in Rhode Island, about 43% of the average Rhode Island filer (state average ~1,449 per filing). Assets: $131M.

$131M
total plan assets (2023 EOY): 623
covered participants: 93rd
percentile by assets (of 127,072 plans): $210,326
avg assets per participant

The Washington Trust Company 401(k) Plan reported net income rose from -$21M in the plan year 2022 filing to $24M in the plan year 2023 filing.
The Washington Trust Company 401(k) Plan end-of-year assets rose from $107M in the plan year 2022 filing to $131M in the plan year 2023 filing.
The Washington Trust Company 401(k) Plan reported participants rose from 602 in the plan year 2022 filing to 623 in the plan year 2023 filing.

See the national 2022→2023 release diff →

State

Rhode Island

Industry

Finance & Insurance

Participants vs Rhode Island filers

In Rhode Island, the average filing covers about 1,449 participants across 434 plans. The Washington Trust Company 401(k) Plan reports 623 participants - about 43% of that state average ($131M EOY assets).

Rhode Island filing particulars

Total Assets (Beginning of Year)	$107M
Net Assets (End of Year)	$131M
Net Income	$24M
Employer EIN	050235370
Plan Effective Date	1985-07-01
Filing Status	FILING RECEIVED

Sponsor Plan History (The Washington Trust Company, of Westerly)

Total plan assets by year, all The Washington Trust Company, of Westerly plans on file

Year	Plans	Participants	Total Assets
2022	2	729	$186M
2023	2	742	$213M
2024	2	759	$143M

Nearby 401(k) Plans in Rhode Island

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

The Washington Trust Company 401(k) Plan vs. nearby 401(k) plans in Rhode Island, assets vs. participants

CVS Health Future Fund 401(k) Plan $27.6B · 265,760
Textron Savings Plan $5.7B · 26,580
Cfg Retirement Savings Plan $2.9B · 19,047
Unfi 401(k) Plan $2.7B · 25,475
Fm Global 401(k) Savings Plan $1.7B · 4,295

Compare The Washington Trust Company 401(k) Plan side-by-side with 3 peers →

Similar-Sized 401(k) Plans Nationally

401(k) plans in other states closest to The Washington Trust Company 401(k) Plan by total assets, not by location.

Retail Services & Systems, Inc. Deferred Profit Sharing Plan (MD) $131M · 9,259
Ideo Profit Sharing 401(k) Plan and Trust (MA) $131M · 417
Park Place Technologies 401(k) Profit Sharing Plan (OH) $131M · 1,415
Teamsters Tforce Freight 401(k) Plan (VA) $131M · 8,473

Frequently Asked Questions

How did The Washington Trust Company 401(k) Plan assets move in 2023? ▼

The Washington Trust Company 401(k) Plan grew sharply - up 22.6% during 2023, from $107M to $131M. Reported net income was $24M.

How have The Washington Trust Company, of Westerly plan assets changed over time? ▼

Across 3 plan years on file (2022-2024), The Washington Trust Company, of Westerly's sponsor-wide assets declined 23.0%, from $186M to $143M.

Where does The Washington Trust Company 401(k) Plan rank by assets among Form 5500 filers? ▼

The Washington Trust Company 401(k) Plan ranks in the 93rd percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top 10% of all filed plans by assets).

Which 401(k) plans are similar in size to The Washington Trust Company 401(k) Plan? ▼

Among 401(k) plans in other states, the closest by assets is Retail Services & Systems, Inc. Deferred Profit Sharing Plan in MD ($131M, 9,259 participants).

Next read for The Washington Trust Company 401(k) Plan

Filing takeaways

Ways to act on The Washington Trust Company 401(k) Plan's numbers.

By total assets, The Washington Trust Company 401(k) Plan ranks in the top 10% of all filed plans by assets. See the largest plans
Compare it side-by-side against 3 similar 401(k) plans in Rhode Island. Compare plans
The Washington Trust Company, of Westerly's sponsor-wide assets have declined 23.0% since 2022 across 3 plan years on file. More Finance & Insurance plans

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 050235370.