401(k) · DOL Form 5500 · 2023

Bankwell Financial Group, Inc. 401(k) Plan

Data updated 2026-08-25

$14M
Total assets Small plan by assets
136
Participants Small participant base
65th
Percentile by assets National rank
$99,603
Avg per participant Below avg balance/head
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Official DOL plan name: Bankwell Financial Group, Inc. and Its Subsidiaries and Affiliates 401(k) Plan · Sponsored by Bankwell Financial Group, Inc. · Connecticut · Finance & Insurance

$14M in assets, 136 participants

Bankwell Financial Group, Inc.'s Bankwell Financial Group, Inc. and Its Subsidiaries and Affiliates 401(k) Plan reported $14M in total assets and 136 participants in its 2023 DOL Form 5500 filing, ranking in the 65th 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.

  • #4,453 in Finance & Insurance (8,869 peers)

Coverage in Connecticut

Bankwell Financial Group, Inc. and Its Subsidiaries and Affiliates 401(k) Plan covers 136 participants in Connecticut, about 19% of the average Connecticut filer (state average ~718 per filing). Assets: $14M.

#4,453
in Finance & Insurance (8,869 peers)
+5.3%
assets growth YoY

Bankwell Financial Group, Inc. and Its Subsidiaries and Affiliates 401(k) Plan's mid-pack asset rank among Finance & Insurance and all filers

Bankwell Financial Group, Inc. and Its Subsidiaries and Affiliates 401(k) Plan vs every filed plan by assets

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

$13,545,967 Top 35% higher than 65% 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

Bankwell Financial Group, Inc. and Its Subsidiaries and Affiliates 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. Bankwell Financial Group, Inc. and Its Subsidiaries and Affiliates 401(k) Plan sits mid-pack in the medium band (136 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Bankwell Financial Group, Inc. and Its Subsidiaries and Affiliates 401(k) Plan reported net income rose from -$1M in the plan year 2022 filing to $687K in the plan year 2023 filing.
  • Bankwell Financial Group, Inc. and Its Subsidiaries and Affiliates 401(k) Plan reported participants rose from 124 in the plan year 2022 filing to 136 in the plan year 2023 filing.
  • Bankwell Financial Group, Inc. and Its Subsidiaries and Affiliates 401(k) Plan end-of-year assets rose from $13M in the plan year 2022 filing to $14M in the plan year 2023 filing.

See the national 2022→2023 release diff →

Plan-year Form 5500 strip

Filing strip 208251355 · Bankwell Financial Group, Inc. PY 2023 · 401(k)

Bankwell Financial Group, Inc. and Its Subsidiaries and Affiliates 401(k) Plan · $14M · 136 · 65th

  • EOY $14M
  • EOY 136
  • EOY 65th
  • EOY 401(k)
  • EOY near New Orleans & Company 401(k) Plan
  • EOY ind #4453

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 →

Bankwell Financial Group, Inc. and Its Subsidiaries and Affiliates 401(k) Plan in the asset neighbourhood

Bankwell Financial Group, Inc. and Its Subsidiaries and Affiliates 401(k) PlanBankwell Financial Group, In…$14MNew Orleans & Company 401(k) PlanNew Orleans & Company 401(k)…$14MHealthcare Associates Credit Union 401(k) and Retirement Savings PlanHealthcare Associates Credit…$14MThibaut Inc 401(k) Profit Sharing PlanThibaut Inc 401(k) Profit Sh…$14MTrivium Packaging Bargaining 401(k) PlanTrivium Packaging Bargaining…$14M
End-of-year total assets ($M) among Bankwell Financial Group, Inc. and Its Subsidiaries and Affiliates 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Connecticut filing particulars

Total Assets (Beginning of Year)$13M
Net Assets (End of Year)$14M
Net Income$687K
Employer EIN208251355
Plan Effective Date2002-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Bankwell Financial Group, Inc.)

Sponsor-wide plan assets over time

All Bankwell Financial Group, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$14M 11.251223970956454% vs 2022
2024 filing year
$12.5M$13M$13.5M$14M$14.5M 202220232024 $12.9M $14.3M ▲ +11.3%
Year Plans Participants Total Assets
2022 1 124 $13M
2023 1 136 $14M
2024 1 137 $14M

Nearby 401(k) Plans in Connecticut

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

Bankwell Financial Group, Inc. and Its Subsidiaries and Affiliates 401(k) Plan vs. nearby 401(k) plans in Connecticut, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 -200204060 Total assets ($B) Participants Bankwell Financial Group, Inc. and Its Subsidiaries and Affiliates 401(k) Plan, Total assets ($B): 0.013545967 · Participants: 136Bankwell Financial Group, Inc. and Its Subsidiaries and Affiliates 401(k) 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
Bankwell Financial Group, Inc. and Its Subsidiaries and Affiliates 401(k) Plan vs. nearby 401(k) plans in Connecticut, assets vs. participants
Compare Bankwell Financial Group, Inc. and Its Subsidiaries and Affiliates 401(k) Plan side-by-side with 3 peers →

Bankwell Financial Group, Inc. and Its Subsidiaries and Affiliates 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside Connecticut, the nearest 401(k) by assets is New Orleans & Company 401(k) Plan in LA ($14M); by covered participants it is Testout Corporation Safe Harbor 401(k) Plan in UT (136 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (136 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 Bankwell Financial Group, Inc. and Its Subsidiaries and Affiliates 401(k) Plan assets move in 2023? ▼
Bankwell Financial Group, Inc. and Its Subsidiaries and Affiliates 401(k) Plan grew at a solid clip - up 5.3% during 2023, from $13M to $14M. Reported net income was $687K.
How have Bankwell Financial Group, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Bankwell Financial Group, Inc.'s sponsor-wide assets grew 11.3%, from $13M to $14M.
Which 401(k) plans are similar in size to Bankwell Financial Group, Inc. and Its Subsidiaries and Affiliates 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is New Orleans & Company 401(k) Plan in LA ($14M, 86 participants).
Which 401(k) plans cover a similar participant headcount to Bankwell Financial Group, Inc. and Its Subsidiaries and Affiliates 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Testout Corporation Safe Harbor 401(k) Plan in UT (136 participants, N/A 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 208251355.

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.