401(k) · DOL Form 5500 · 2023

Savings Bank of Danbury 401(k) Plan

Data updated 2026-08-25

$24M
Total assets Small plan by assets
178
Participants Small participant base
76th
Percentile by assets National rank
$134,911
Avg per participant Near avg balance/head
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Official DOL plan name: Savings Bank of Danbury Savings Plan · Sponsored by Savings Bank of Danbury · Connecticut · Finance & Insurance

$24M in assets, 178 participants

Savings Bank of Danbury's Savings Bank of Danbury Savings Plan reported $24M in total assets and 178 participants in its 2023 DOL Form 5500 filing, ranking in the 76th 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.

  • #5,627 in Finance & Insurance (8,869 peers)

Coverage in Connecticut

Savings Bank of Danbury Savings Plan covers 178 participants in Connecticut, about 25% of the average Connecticut filer (state average ~718 per filing). Assets: $24M.

#5,627
in Finance & Insurance (8,869 peers)
+0.3%
assets growth YoY
0.2×
vs typical plan assets (national mean)

Savings Bank of Danbury Savings Plan's outsized position by total assets

Savings Bank of Danbury Savings Plan vs every filed plan by assets

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

$24,014,190 Top 24% higher than 76% 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

Savings Bank of Danbury 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. Savings Bank of Danbury Savings Plan sits mid-pack in the medium band (178 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Savings Bank of Danbury Savings Plan reported net income rose from -$8M in the plan year 2022 filing to $65K in the plan year 2023 filing.
  • Savings Bank of Danbury Savings Plan reported participants rose from 168 in the plan year 2022 filing to 178 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Plan-year Form 5500 strip

Filing strip 863388610 · Savings Bank of Danbury PY 2023 · 401(k)

Savings Bank of Danbury Savings Plan · $24M · 178 · 76th

  • VS-ST $24M
  • BOY 178
  • SCH 76th
  • EBSA 401(k)
  • PART near Hyland's Naturals Retirement Savings Plan
  • TYPE ind #5627

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 →

Savings Bank of Danbury Savings Plan in the asset neighbourhood

Savings Bank of Danbury Savings PlanSavings Bank of Danbury Savi…$24MHyland's Naturals Retirement Savings PlanHyland's Naturals Retirement…$24MMerit Capital Partners 401(k) Profit Sharing PlanMerit Capital Partners 401(k…$24MHodges Capital Holdings, Inc. Profit Sharing Savings Plan & TrustHodges Capital Holdings, Inc…$24MOfferup, Inc. 401(k) Plan$24M
End-of-year total assets ($M) among Savings Bank of Danbury Savings Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Connecticut filing particulars

Total Assets (Beginning of Year)$24M
Net Assets (End of Year)$24M
Net Income$65K
Employer EIN863388610
Plan Effective Date1990-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Savings Bank of Danbury)

Sponsor-wide plan assets over time

All Savings Bank of Danbury plans reported in each filing year

Latest sponsor-wide plan assets
$62M 14.784862277238405% vs 2022
2024 filing year
$50M$55M$60M$65M 202220232024 $53.9M $61.8M ▲ +14.8%
Year Plans Participants Total Assets
2022 2 217 $54M
2023 2 218 $57M
2024 2 210 $62M

Nearby 401(k) Plans in Connecticut

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

Savings Bank of Danbury Savings Plan vs. nearby 401(k) plans in Connecticut, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 -200204060 Total assets ($B) Participants Savings Bank of Danbury Savings Plan, Total assets ($B): 0.02401419 · Participants: 178Savings Bank of Danbury 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
Savings Bank of Danbury Savings Plan vs. nearby 401(k) plans in Connecticut, assets vs. participants
Compare Savings Bank of Danbury Savings Plan side-by-side with 3 peers →

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

Outside Connecticut, the nearest 401(k) by assets is Hyland's Naturals Retirement Savings Plan in CA ($24M); by covered participants it is Chantecaille Beaute Inc 401 K Profit Sharing Plan Trust in NY (178 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (178 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 Savings Bank of Danbury Savings Plan assets move in 2023? ▼
Savings Bank of Danbury Savings Plan held essentially flat - up 0.3% during 2023, from $24M to $24M. Reported net income was $65K.
How have Savings Bank of Danbury plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Savings Bank of Danbury's sponsor-wide assets grew 14.8%, from $54M to $62M.
Where does Savings Bank of Danbury Savings Plan rank by assets among Form 5500 filers? ▼
Savings Bank of Danbury Savings Plan ranks in the 76th 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 Savings Bank of Danbury Savings Plan? ▼
Among 401(k) plans in other states, the closest by assets is Hyland's Naturals Retirement Savings Plan in CA ($24M, 240 participants).
Which 401(k) plans cover a similar participant headcount to Savings Bank of Danbury Savings Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Chantecaille Beaute Inc 401 K Profit Sharing Plan Trust in NY (178 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 863388610.

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.