401(k) · DOL Form 5500 · 2023

Chelsea Groton Bank 401(k) Plan

Data updated 2026-08-25

$40M
Total assets Below avg plan size
203
Participants Below avg headcount
83rd
Percentile by assets National rank
$197,574
Avg per participant Above avg balance/head
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Official DOL plan name: Chelsea Groton Bank Savings Plan · Sponsored by Chelsea Groton Bank · Connecticut · Finance & Insurance

$40M in assets, 203 participants

Chelsea Groton Bank's Chelsea Groton Bank Savings Plan reported $40M in total assets and 203 participants in its 2023 DOL Form 5500 filing, ranking in the 83rd 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.

  • #6,565 in Finance & Insurance (8,869 peers)

Coverage in Connecticut

Chelsea Groton Bank Savings Plan covers 203 participants in Connecticut, about 28% of the average Connecticut filer (state average ~718 per filing). Assets: $40M.

#6,565
in Finance & Insurance (8,869 peers)
+19.7%
assets growth YoY
0.4×
vs typical plan assets (national mean)

Chelsea Groton Bank Savings Plan's outsized position by total assets

Chelsea Groton Bank Savings Plan vs every filed plan by assets

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

$40,107,564 Top 17% higher than 83% 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

Chelsea Groton Bank Savings 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. Chelsea Groton Bank Savings Plan sits mid-pack in the medium band (203 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Chelsea Groton Bank Savings Plan reported net income rose from -$6M in the plan year 2022 filing to $7M in the plan year 2023 filing.
  • Chelsea Groton Bank Savings Plan end-of-year assets rose from $33M in the plan year 2022 filing to $40M in the plan year 2023 filing.
  • Chelsea Groton Bank Savings Plan reported participants fell from 207 in the plan year 2022 filing to 203 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Published 5500 schedule card

Filing strip 060376640 · Chelsea Groton Bank PY 2023 · 401(k)

Chelsea Groton Bank Savings Plan · $40M · 203 · 83rd

  • BOOK $40M
  • VS-ST 203
  • BOY 83rd
  • SCH 401(k)
  • EBSA near Columbus Technologies and Services, Inc. 401(k) Profit Sharing Plan
  • PART ind #6565

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 Connecticut →

Chelsea Groton Bank Savings Plan in the asset neighbourhood

American Academy of Neurology 401(k) PlanAmerican Academy of Neurolog…$40MChelsea Groton Bank Savings PlanChelsea Groton Bank Savings …$40MColumbus Technologies and Services, Inc. 401(k) Profit Sharing PlanColumbus Technologies and Se…$40MSchnader Harrison Segal & Lewis LLP Retirement and Savings PlanSchnader Harrison Segal & Le…$40MBackroads, Inc. 401(k) Profit Sharing PlanBackroads, Inc. 401(k) Profi…$40M
End-of-year total assets ($M) among Chelsea Groton Bank Savings Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Connecticut filing particulars

Total Assets (Beginning of Year)$33M
Net Assets (End of Year)$40M
Net Income$7M
Employer EIN060376640
Plan Effective Date1991-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Chelsea Groton Bank)

Sponsor-wide plan assets over time

All Chelsea Groton Bank plans reported in each filing year

Latest sponsor-wide plan assets
$44M 30.128283239994225% vs 2022
2024 filing year
$30M$35M$40M$45M 202220232024 $33.5M $43.6M ▲ +30.1%
Year Plans Participants Total Assets
2022 1 207 $33M
2023 1 203 $40M
2024 1 224 $44M

Nearby 401(k) Plans in Connecticut

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

Chelsea Groton Bank Savings Plan vs. nearby 401(k) plans in Connecticut, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 -200204060 Total assets ($B) Participants Chelsea Groton Bank Savings Plan, Total assets ($B): 0.040107564 · Participants: 203Chelsea Groton Bank Savings PlanRtx Savings Plan, Total assets ($B): 52.759784 · Participants: 123037Rtx Savings PlanCiti Retirement Savings Plan, Total assets ($B): 20.653030659 · Participants: 77865Citi Retirement Savings PlanThe Hartford Investment and Savings Plan, Total assets ($B): 6.478512 · Participants: 18377The Hartford Investment and Savings PlanXerox Corporation Savings Plan, Total assets ($B): 3.948866 · Participants: 10291Xerox Corporation Savings PlanEversource 401(k) Plan, Total assets ($B): 3.751712453 · Participants: 9504Eversource 401(k) Plan
Chelsea Groton Bank Savings Plan vs. nearby 401(k) plans in Connecticut, assets vs. participants
Compare Chelsea Groton Bank Savings Plan side-by-side with 3 peers →

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

Outside Connecticut, the nearest 401(k) by assets is Columbus Technologies and Services, Inc. 401(k) Profit Sharing Plan in CA ($40M); by covered participants it is Permian Ford-Lincoln-Mercury, Inc. 401(k) Profit Sharing Plan in NM (203 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (203 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 Chelsea Groton Bank Savings Plan assets move in 2023? ▼
Chelsea Groton Bank Savings Plan grew sharply - up 19.7% during 2023, from $33M to $40M. Reported net income was $7M.
How have Chelsea Groton Bank plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Chelsea Groton Bank's sponsor-wide assets grew 30.1%, from $33M to $44M.
Where does Chelsea Groton Bank Savings Plan rank by assets among Form 5500 filers? ▼
Chelsea Groton Bank Savings Plan ranks in the 83rd percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top quartile of all filed plans by assets).
Which 401(k) plans are similar in size to Chelsea Groton Bank Savings Plan? ▼
Among 401(k) plans in other states, the closest by assets is Columbus Technologies and Services, Inc. 401(k) Profit Sharing Plan in CA ($40M, 135 participants).
Which 401(k) plans cover a similar participant headcount to Chelsea Groton Bank Savings Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Permian Ford-Lincoln-Mercury, Inc. 401(k) Profit Sharing Plan in NM (203 participants, $7M 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 060376640.

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.