401(k) · DOL Form 5500 · 2023

Liberty Bank 401(k) Plan

Data updated 2026-08-25

$105M
Total assets Near avg plan size
707
Participants Below avg headcount
92nd
Percentile by assets National rank
$148,518
Avg per participant Above avg balance/head
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Official DOL plan name: Liberty Bank 401(k) Plan · Sponsored by Liberty Bank · Connecticut · Finance & Insurance

$105M in assets, 707 participants

Liberty Bank's Liberty Bank 401(k) Plan reported $105M in total assets and 707 participants in its 2023 DOL Form 5500 filing, ranking in the 92nd 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.

  • #7,726 in Finance & Insurance (8,869 peers)

Where Liberty Bank 401(k) Plan sits by assets

Liberty Bank 401(k) Plan sits in the top 10% of all filed plans by assets, $105M for 707 participants (~$148,518/participant), up 25.0% in 2023.

#7,726
in Finance & Insurance (8,869 peers)
+25.0%
assets growth YoY
1.1×
vs typical plan assets (national mean)

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

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

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

$105,002,143 Top 8% higher than 92% 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

Liberty 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. Liberty Bank 401(k) Plan sits mid-pack in the medium band (707 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Liberty Bank 401(k) Plan reported net income rose from -$17M in the plan year 2022 filing to $21M in the plan year 2023 filing.
  • Liberty Bank 401(k) Plan end-of-year assets rose from $84M in the plan year 2022 filing to $105M in the plan year 2023 filing.
  • Liberty Bank 401(k) Plan reported participants rose from 650 in the plan year 2022 filing to 707 in the plan year 2023 filing.

See the national 2022→2023 release diff →

DOL schedule card

Filing strip 060452570 · Liberty Bank PY 2023 · 401(k)

Liberty Bank 401(k) Plan · $105M · 707 · 92nd

  • RANK $105M
  • PHOTO 707
  • IND 92nd
  • EOY 401(k)
  • 5500 near Nicolet National Bank 401(k) Plan
  • ASSETS ind #7726

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 →

Liberty Bank 401(k) Plan in the asset neighbourhood

Mid-Atlantic Women's Care, P.L.C. Profit Sharing PlanMid-Atlantic Women's Care, P…$105MBaker & Mckenzie New York Profit Sharing and 401(k) PlanBaker & Mckenzie New York Pr…$105MNicolet National Bank 401(k) PlanNicolet National Bank 401(k)…$105MLiberty Bank 401(k) Plan$105MThe Weber-Stephen Products LLC 401(k) Incentive Savings PlanThe Weber-Stephen Products L…$105M
End-of-year total assets ($M) among Liberty 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)$84M
Net Assets (End of Year)$105M
Net Income$21M
Employer EIN060452570
Plan Effective Date1985-02-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Liberty Bank)

Sponsor-wide plan assets over time

All Liberty Bank plans reported in each filing year

Latest sponsor-wide plan assets
$275M 27.594937488894978% vs 2022
2024 filing year
$200M$220M$240M$260M$280M$300M 202220232024 $216M $275M ▲ +27.6%
Year Plans Participants Total Assets
2022 2 1,207 $216M
2023 2 1,280 $251M
2024 2 1,436 $275M

Nearby 401(k) Plans in Connecticut

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

Liberty Bank 401(k) Plan vs. nearby 401(k) plans in Connecticut, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 -200204060 Total assets ($B) Participants Liberty Bank 401(k) Plan, Total assets ($B): 0.105002143 · Participants: 707Liberty Bank 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
Liberty Bank 401(k) Plan vs. nearby 401(k) plans in Connecticut, assets vs. participants
Compare Liberty Bank 401(k) Plan side-by-side with 3 peers →

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

Outside Connecticut, the nearest 401(k) by assets is Nicolet National Bank 401(k) Plan in WI ($105M); by covered participants it is Vanguard Furniture Co., Inc. Employees' Retirement Savings Plan in NC (707 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (707 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 Liberty Bank 401(k) Plan assets move in 2023? ▼
Liberty Bank 401(k) Plan grew sharply - up 25.0% during 2023, from $84M to $105M. Reported net income was $21M.
How have Liberty Bank plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Liberty Bank's sponsor-wide assets grew 27.6%, from $216M to $275M.
Where does Liberty Bank 401(k) Plan rank by assets among Form 5500 filers? ▼
Liberty Bank 401(k) Plan ranks in the 92nd 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 Liberty Bank 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Nicolet National Bank 401(k) Plan in WI ($105M, 929 participants).
Which 401(k) plans cover a similar participant headcount to Liberty Bank 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Vanguard Furniture Co., Inc. Employees' Retirement Savings Plan in NC (707 participants, $18M 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 060452570.

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.