401(k) · DOL Form 5500 · 2023

Customers Bank 401(k) Plan

Data updated 2026-08-25

$79M
Total assets Below avg plan size
935
Participants Near avg headcount
90th
Percentile by assets National rank
$84,080
Avg per participant Below avg balance/head
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Official DOL plan name: Customers Bank 401(k) Plan · Sponsored by Customers Bank · Pennsylvania · Finance & Insurance

$79M in assets, 935 participants

Customers Bank's Customers Bank 401(k) Plan reported $79M in total assets and 935 participants in its 2023 DOL Form 5500 filing, ranking in the 90th 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.

  • #7,435 in Finance & Insurance (8,869 peers)

Where Customers Bank 401(k) Plan sits by assets

Customers Bank 401(k) Plan sits in the top 10% of all filed plans by assets, $79M for 935 participants (~$84,080/participant), down 1.5% in 2023.

#7,435
in Finance & Insurance (8,869 peers)
-1.5%
assets change YoY
0.8×
vs typical plan assets (national mean)

Customers Bank 401(k) Plan's outsized position by total assets

Customers Bank 401(k) Plan vs every filed plan by assets

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

$78,615,042 Top 10% higher than 90% 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

Customers Bank 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. Customers Bank 401(k) Plan sits mid-pack in the medium band (935 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Customers Bank 401(k) Plan reported net income rose from -$9M in the plan year 2022 filing to $16M in the plan year 2023 filing.
  • Customers Bank 401(k) Plan reported participants rose from 905 in the plan year 2022 filing to 935 in the plan year 2023 filing.
  • Customers Bank 401(k) Plan end-of-year assets fell from $80M in the plan year 2022 filing to $79M in the plan year 2023 filing.

See the national 2022→2023 release diff →

Published 5500 schedule card

Filing strip 232892229 · Customers Bank PY 2023 · 401(k)

Customers Bank 401(k) Plan · $79M · 935 · 90th

  • NET $79M
  • NET 935
  • NET 90th
  • NET 401(k)
  • NET near Arvig Enterprises, Inc. 401(k) Plan
  • NET ind #7435

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 Pennsylvania →

Customers Bank 401(k) Plan in the asset neighbourhood

Autoneum North America, Inc. Retirement and Savings PlanAutoneum North America, Inc.…$79MCustomers Bank 401(k) Plan$79MArvig Enterprises, Inc. 401(k) PlanArvig Enterprises, Inc. 401(…$79MRea Magnet Wire Company, Inc. Employees' Retirement Savings PlanRea Magnet Wire Company, Inc…$79MHuman Resources, Inc. Retirement Savings PlanHuman Resources, Inc. Retire…$79M
End-of-year total assets ($M) among Customers Bank 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)$80M
Net Assets (End of Year)$79M
Net Income$16M
Employer EIN232892229
Plan Effective Date2000-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Customers Bank)

Sponsor-wide plan assets over time

All Customers Bank plans reported in each filing year

Latest sponsor-wide plan assets
$96M 20.446751694778243% vs 2022
2024 filing year
$70M$80M$90M$100M 202220232024 $79.8M $96.1M ▲ +20.4%
Year Plans Participants Total Assets
2022 1 905 $80M
2023 1 935 $79M
2024 1 703 $96M

Nearby 401(k) Plans in Pennsylvania

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

Customers Bank 401(k) Plan vs. nearby 401(k) plans in Pennsylvania, assets vs. participants Scatter plot of 6 data points. -50000050000100000 -505101520 Total assets ($B) Participants Customers Bank 401(k) Plan, Total assets ($B): 0.078615042 · Participants: 935Customers Bank 401(k) PlanComcast Corporation Retirement - Investment Plan, Total assets ($B): 17.368669862 · Participants: 93136Comcast Corporation Retirement - Investment PlanCigna 401(k) Plan, Total assets ($B): 13.003870935 · Participants: 66760Cigna 401(k) PlanThe Vanguard Retirement and Savings Plan, Total assets ($B): 9.765617477 · Participants: 18200The Vanguard Retirement and Savings PlanThe PNC Financial Services Group, Inc. Incentive Savings Plan, Total assets ($B): 9.339762 · Participants: 61697The PNC Financial Services Group, Inc. Incentive Savings PlanThe Bank of New York Mellon Corporation 401(k) Savings Plan, Total assets ($B): 8.955655142 · Participants: 25184The Bank of New York Mellon Corporation 401(k) Savings Plan
Customers Bank 401(k) Plan vs. nearby 401(k) plans in Pennsylvania, assets vs. participants
Compare Customers Bank 401(k) Plan side-by-side with 3 peers →

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

Outside Pennsylvania, the nearest 401(k) by assets is Arvig Enterprises, Inc. 401(k) Plan in MN ($79M); by covered participants it is Crystal Creamery 401(k) Plan in CA (935 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (935 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 Customers Bank 401(k) Plan assets move in 2023? ▼
Customers Bank 401(k) Plan edged down modestly - down 1.5% during 2023, from $80M to $79M. Reported net income was $16M.
How have Customers Bank plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Customers Bank's sponsor-wide assets grew 20.4%, from $80M to $96M.
Where does Customers Bank 401(k) Plan rank by assets among Form 5500 filers? ▼
Customers Bank 401(k) Plan ranks in the 90th 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 Customers Bank 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Arvig Enterprises, Inc. 401(k) Plan in MN ($79M, 771 participants).
Which 401(k) plans cover a similar participant headcount to Customers Bank 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Crystal Creamery 401(k) Plan in CA (935 participants, $29M 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 232892229.

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.