401(k) · DOL Form 5500 · 2023

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

Data updated 2026-08-25

$131M
Total assets Near avg plan size
623
Participants Below avg headcount
93rd
Percentile by assets National rank
$210,326
Avg per participant Above avg balance/head
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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.

  • #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.

#7,881
in Finance & Insurance (8,869 peers)
+22.6%
assets growth YoY
1.3×
vs typical plan assets (national mean)

The Washington Trust Company 401(k) Plan's outsized position by total assets

The Washington Trust Company 401(k) Plan vs every filed plan by assets

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

$131,033,222 Top 7% higher than 93% 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 Washington Trust Company 401(k) 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. The Washington Trust Company 401(k) Plan sits mid-pack in the medium band (623 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • 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 →

EBSA filing schedule strip

Filing strip 050235370 · The Washington Trust Company, of Westerly PY 2023 · 401(k)

The Washington Trust Company 401(k) Plan · $131M · 623 · 93rd

  • NET $131M
  • NET 623
  • NET 93rd
  • NET 401(k)
  • NET near Retail Services & Systems, Inc. Deferred Profit Sharing Plan
  • NET ind #7881

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 Rhode Island →

The Washington Trust Company 401(k) Plan in the asset neighbourhood

Teamsters Tforce Freight 401(k) PlanTeamsters Tforce Freight 401…$131MPark Place Technologies 401(k) Profit Sharing PlanPark Place Technologies 401(…$131MRetail Services & Systems, Inc. Deferred Profit Sharing PlanRetail Services & Systems, I…$131MIdeo Profit Sharing 401(k) Plan and TrustIdeo Profit Sharing 401(k) P…$131MThe Washington Trust Company 401(k) PlanThe Washington Trust Company…$131M
End-of-year total assets ($M) among The Washington Trust Company 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Rhode Island filing particulars

Total Assets (Beginning of Year)$107M
Net Assets (End of Year)$131M
Net Income$24M
Employer EIN050235370
Plan Effective Date1985-07-01
Filing StatusFILING RECEIVED

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

Sponsor-wide plan assets over time

All The Washington Trust Company, of Westerly plans reported in each filing year

Latest sponsor-wide plan assets
$143M 23.032333834557967% vs 2022
2024 filing year
$100M$150M$200M$250M 202220232024 $186M $143M ▼ -23.0%
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 Scatter plot of 6 data points. -1000000100000200000300000 -100102030 Total assets ($B) Participants The Washington Trust Company 401(k) Plan, Total assets ($B): 0.131033222 · Participants: 623The Washington Trust Company 401(k) PlanCVS Health Future Fund 401(k) Plan, Total assets ($B): 27.588812025 · Participants: 265760CVS Health Future Fund 401(k) PlanTextron Savings Plan, Total assets ($B): 5.714708993 · Participants: 26580Textron Savings PlanCfg Retirement Savings Plan, Total assets ($B): 2.930113664 · Participants: 19047Cfg Retirement Savings PlanUnfi 401(k) Plan, Total assets ($B): 2.65846631 · Participants: 25475Unfi 401(k) PlanFm Global 401(k) Savings Plan, Total assets ($B): 1.684102096 · Participants: 4295Fm Global 401(k) Savings Plan
The Washington Trust Company 401(k) Plan vs. nearby 401(k) plans in Rhode Island, assets vs. participants
Compare The Washington Trust Company 401(k) Plan side-by-side with 3 peers →

The Washington Trust Company 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside Rhode Island, the nearest 401(k) by assets is Retail Services & Systems, Inc. Deferred Profit Sharing Plan in MD ($131M); by covered participants it is Kaeser Compressors, Inc. 401(k) Profit Sharing Plan in VA (623 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (623 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 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).
Which 401(k) plans cover a similar participant headcount to The Washington Trust Company 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Kaeser Compressors, Inc. 401(k) Profit Sharing Plan in VA (623 participants, $70M 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 050235370.

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.