401(k) · DOL Form 5500 · 2023

Sterling Bank & Trust Fsb 401(k) Plan

Data updated 2026-08-25

$26M
Total assets Below avg plan size
276
Participants Below avg headcount
77th
Percentile by assets National rank
$92,857
Avg per participant Below avg balance/head
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Official DOL plan name: Sterling Bank & Trust 401(k) Plan · Sponsored by Sterling Bank & Trust Fsb · Michigan · Finance & Insurance

$26M in assets, 276 participants

Sterling Bank & Trust Fsb's Sterling Bank & Trust 401(k) Plan reported $26M in total assets and 276 participants in its 2023 DOL Form 5500 filing, ranking in the 77th 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.

  • #5,748 in Finance & Insurance (8,869 peers)

Coverage in Michigan

Sterling Bank & Trust 401(k) Plan covers 276 participants in Michigan, about 43% of the average Michigan filer (state average ~638 per filing). Assets: $26M.

#5,748
in Finance & Insurance (8,869 peers)
+15.2%
assets growth YoY
0.3×
vs typical plan assets (national mean)

Sterling Bank & Trust 401(k) Plan's outsized position by total assets

Sterling Bank & Trust 401(k) Plan vs every filed plan by assets

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

$25,628,446 Top 23% higher than 77% 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

Sterling Bank & Trust 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. Sterling Bank & Trust 401(k) Plan sits mid-pack in the medium band (276 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Sterling Bank & Trust 401(k) Plan reported net income rose from -$2M in the plan year 2022 filing to $3M in the plan year 2023 filing.
  • Sterling Bank & Trust 401(k) Plan end-of-year assets rose from $22M in the plan year 2022 filing to $26M in the plan year 2023 filing.
  • Sterling Bank & Trust 401(k) Plan reported participants fell from 296 in the plan year 2022 filing to 276 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Published 5500 schedule card

Filing strip 382524834 · Sterling Bank & Trust Fsb PY 2023 · 401(k)

Sterling Bank & Trust 401(k) Plan · $26M · 276 · 77th

  • EOY $26M
  • 5500 276
  • ASSETS 77th
  • PCT 401(k)
  • EIN near Hines Precision 401(k) Retirement Plan
  • RANK ind #5748

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 Michigan →

Sterling Bank & Trust 401(k) Plan in the asset neighbourhood

Sterling Bank & Trust 401(k) PlanSterling Bank & Trust 401(k)…$26MHines Precision 401(k) Retirement PlanHines Precision 401(k) Retir…$26MSteamboat Is, Inc. 401(k) Profit Sharing Plan and TrustSteamboat Is, Inc. 401(k) Pr…$26MCromwell Architects Engineers, Inc. 401(k) Profit Sharing PlanCromwell Architects Engineer…$26MU.S. Facilities, Inc. 401(k) Retirement PlanU.S. Facilities, Inc. 401(k)…$26M
End-of-year total assets ($M) among Sterling Bank & Trust 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Michigan filing particulars

Total Assets (Beginning of Year)$22M
Net Assets (End of Year)$26M
Net Income$3M
Employer EIN382524834
Plan Effective Date1988-08-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Sterling Bank & Trust Fsb)

Sponsor-wide plan assets over time

All Sterling Bank & Trust Fsb plans reported in each filing year

Latest sponsor-wide plan assets
$29M 30.30585381180388% vs 2022
2024 filing year
$20M$25M$30M 202220232024 $22.2M $29M ▲ +30.3%
Year Plans Participants Total Assets
2022 1 296 $22M
2023 1 276 $26M
2024 1 247 $29M

Nearby 401(k) Plans in Michigan

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

Sterling Bank & Trust 401(k) Plan vs. nearby 401(k) plans in Michigan, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000 -50510152025 Total assets ($B) Participants Sterling Bank & Trust 401(k) Plan, Total assets ($B): 0.025628446 · Participants: 276Sterling Bank & Trust 401(k) PlanGeneral Motors Retirement Savings Plan for Salaried Employees in the United States, Total assets ($B): 20.378449285 · Participants: 47299General Motors Retirement Savings Plan for Salaried Employees in the United StatesFord Motor Co. Savings and Stock Investment Plan for Salaried Employees, Total assets ($B): 15.588575271 · Participants: 30516Ford Motor Co. Savings and Stock Investment Plan for Salaried EmployeesThe Dow Chemical Company Employees' Savings Plan, Total assets ($B): 10.084842211 · Participants: 18088The Dow Chemical Company Employees' Savings PlanThe General Motors Personal Savings Plan for Hourly-Rate Employees in the United States, Total assets ($B): 8.580684909 · Participants: 40393The General Motors Personal Savings Plan for Hourly-Rate Employees in the United StatesFord Motor Co. Tax-Efficient Savings Plan for Hourly Employees, Total assets ($B): 7.617084451 · Participants: 59195Ford Motor Co. Tax-Efficient Savings Plan for Hourly Employees
Sterling Bank & Trust 401(k) Plan vs. nearby 401(k) plans in Michigan, assets vs. participants
Compare Sterling Bank & Trust 401(k) Plan side-by-side with 3 peers →

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

Outside Michigan, the nearest 401(k) by assets is Hines Precision 401(k) Retirement Plan in KY ($26M); by covered participants it is Deciphera 401(k) Plan in MA (276 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (276 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 Sterling Bank & Trust 401(k) Plan assets move in 2023? ▼
Sterling Bank & Trust 401(k) Plan grew sharply - up 15.2% during 2023, from $22M to $26M. Reported net income was $3M.
How have Sterling Bank & Trust Fsb plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Sterling Bank & Trust Fsb's sponsor-wide assets grew 30.3%, from $22M to $29M.
Where does Sterling Bank & Trust 401(k) Plan rank by assets among Form 5500 filers? ▼
Sterling Bank & Trust 401(k) Plan ranks in the 77th 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 Sterling Bank & Trust 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Hines Precision 401(k) Retirement Plan in KY ($26M, 169 participants).
Which 401(k) plans cover a similar participant headcount to Sterling Bank & Trust 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Deciphera 401(k) Plan in MA (276 participants, $45M 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 382524834.

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.