401(k) · DOL Form 5500 · 2024

Torrington Savings Bank 401(k) Plan

Data updated 2026-08-25

$27M
Total assets Below avg plan size
121
Participants Small participant base
75th
Percentile by assets National rank
$220,803
Avg per participant Above avg balance/head
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Official DOL plan name: Torrington Savings Bank 401(k) Savings Plan · Sponsored by Torrington Savings Bank · Connecticut · Finance & Insurance

$27M in assets, 121 participants

Torrington Savings Bank's Torrington Savings Bank 401(k) Savings Plan reported $27M in total assets and 121 participants in its 2024 DOL Form 5500 filing, ranking in the 75th 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.

  • #5,316 in Finance & Insurance (8,549 peers)

Coverage in Connecticut

Torrington Savings Bank 401(k) Savings Plan covers 121 participants in Connecticut, about 17% of the average Connecticut filer (state average ~718 per filing). Assets: $27M.

#5,316
in Finance & Insurance (8,549 peers)
+7.4%
assets growth YoY
0.3×
vs typical plan assets (national mean)

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

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

End-of-year total assets · plan year 2024 · DOL Form 5500

$26,717,196 Top 25% higher than 75% of 123,620 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 2024

Torrington Savings Bank 401(k) Savings Plan among mid-size filed plans by headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Torrington Savings Bank 401(k) Savings Plan sits mid-pack in the medium band (121 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Torrington Savings Bank 401(k) Savings Plan reported net income fell from $3M in the plan year 2023 filing to $2M in the plan year 2024 filing.
  • Torrington Savings Bank 401(k) Savings Plan reported participants rose from 112 in the plan year 2023 filing to 121 in the plan year 2024 filing.
  • Torrington Savings Bank 401(k) Savings Plan end-of-year assets rose from $25M in the plan year 2023 filing to $27M in the plan year 2024 filing.

See the national 2023→2024 release diff →

Published 5500 schedule card

Filing strip 060564890 · Torrington Savings Bank PY 2024 · 401(k)

Torrington Savings Bank 401(k) Savings Plan · $27M · 121 · 75th

  • PCT $27M
  • EIN 121
  • RANK 75th
  • PHOTO 401(k)
  • IND near Peoples Bank 401(k) Plan
  • EOY ind #5316

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 →

Torrington Savings Bank 401(k) Savings Plan in the asset neighbourhood

Torrington Savings Bank 401(k) Savings PlanTorrington Savings Bank 401(…$27MSierra Canyon Foundation 401(k) PlanSierra Canyon Foundation 401…$27MPeoples Bank 401(k) Plan$27MThomas Scientific, LLC Retirement Savings PlanThomas Scientific, LLC Retir…$27MSan Luis Ambulance Service, Inc. 401(k) Profit Sharing PlanSan Luis Ambulance Service, …$27M
End-of-year total assets ($M) among Torrington Savings Bank 401(k) Savings Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Connecticut filing particulars

Total Assets (Beginning of Year)$25M
Net Assets (End of Year)$27M
Net Income$2M
Employer EIN060564890
Plan Effective Date1994-11-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Torrington Savings Bank)

Sponsor-wide plan assets over time

All Torrington Savings Bank plans reported in each filing year

Latest sponsor-wide plan assets
$27M 24.277814068041152% vs 2022
2024 filing year
$20M$22M$24M$26M$28M 202220232024 $21.5M $26.7M ▲ +24.3%
Year Plans Participants Total Assets
2022 2 208 $21M
2023 1 112 $25M
2024 1 121 $27M

Nearby 401(k) Plans in Connecticut

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

Torrington Savings Bank 401(k) Savings Plan vs. nearby 401(k) plans in Connecticut, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 -20020406080 Total assets ($B) Participants Torrington Savings Bank 401(k) Savings Plan, Total assets ($B): 0.026717196 · Participants: 121Torrington Savings Bank 401(k) Savings PlanRtx Savings Plan, Total assets ($B): 58.647425 · Participants: 124876Rtx Savings PlanCiti Retirement Savings Plan, Total assets ($B): 23.241033081 · Participants: 78741Citi Retirement Savings PlanThe Hartford Investment and Savings Plan, Total assets ($B): 7.183243 · Participants: 18614The Hartford Investment and Savings PlanEversource 401(k) Plan, Total assets ($B): 4.046347175 · Participants: 10041Eversource 401(k) PlanXerox Corporation Savings Plan, Total assets ($B): 3.976943 · Participants: 9876Xerox Corporation Savings Plan
Torrington Savings Bank 401(k) Savings Plan vs. nearby 401(k) plans in Connecticut, assets vs. participants
Compare Torrington Savings Bank 401(k) Savings Plan side-by-side with 3 peers →

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

Outside Connecticut, the nearest 401(k) by assets is Peoples Bank 401(k) Plan in IA ($27M); by covered participants it is Mwg Holdings Group, Inc. 401(k) Plan in CA (121 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (121 participants); asset peers above are excluded.

DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Torrington Savings Bank 401(k) Savings Plan assets move in 2024? ▼
Torrington Savings Bank 401(k) Savings Plan grew at a solid clip - up 7.4% during 2024, from $25M to $27M. Reported net income was $2M.
How have Torrington Savings Bank plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Torrington Savings Bank's sponsor-wide assets grew 24.3%, from $21M to $27M.
Where does Torrington Savings Bank 401(k) Savings Plan rank by assets among Form 5500 filers? ▼
Torrington Savings Bank 401(k) Savings Plan ranks in the 75th percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (in the top quartile of all filed plans by assets).
Which 401(k) plans are similar in size to Torrington Savings Bank 401(k) Savings Plan? ▼
Among 401(k) plans in other states, the closest by assets is Peoples Bank 401(k) Plan in IA ($27M, 153 participants).
Which 401(k) plans cover a similar participant headcount to Torrington Savings Bank 401(k) Savings Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Mwg Holdings Group, Inc. 401(k) Plan in CA (121 participants, $104K in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2024.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 060564890.

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.