401(k) · DOL Form 5500 · 2024

Sandy Spring Bancorp, Inc 401(k) Plan

Data updated 2026-08-25

$228M
Total assets Near avg plan size
1,101
Participants Near avg headcount
95th
Percentile by assets National rank
$206,891
Avg per participant Above avg balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: Sandy Spring Bank 401(k) Plan · Sponsored by Sandy Spring Bancorp, Inc · Maryland · Finance & Insurance

$228M in assets, 1,101 participants

Sandy Spring Bancorp, Inc's Sandy Spring Bank 401(k) Plan reported $228M in total assets and 1,101 participants in its 2024 DOL Form 5500 filing, ranking in the 95th 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.

  • #7,828 in Finance & Insurance (8,549 peers)

Where Sandy Spring Bank 401(k) Plan sits by assets

Sandy Spring Bank 401(k) Plan sits in the top 5% of all filed plans by assets, $228M for 1,101 participants (~$206,891/participant), up 15.1% in 2024.

#7,828
in Finance & Insurance (8,549 peers)
+15.1%
assets growth YoY
2.3×
vs typical plan assets (national mean)

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

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

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

$227,787,491 Top 5% higher than 95% 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

Sandy Spring Bank 401(k) Plan's large-plan peer group by participant headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Sandy Spring Bank 401(k) Plan lands in the large band (1,101 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Sandy Spring Bank 401(k) Plan reported net income rose from $26M in the plan year 2023 filing to $30M in the plan year 2024 filing.
  • Sandy Spring Bank 401(k) Plan end-of-year assets rose from $198M in the plan year 2023 filing to $228M in the plan year 2024 filing.
  • Sandy Spring Bank 401(k) Plan reported participants fell from 1,133 in the plan year 2023 filing to 1,101 in the plan year 2024 filing.

See the national 2023→2024 release diff →

EBSA filing schedule strip

Filing strip 521532952 · Sandy Spring Bancorp, Inc PY 2024 · 401(k)

Sandy Spring Bank 401(k) Plan · $228M · 1,101 · 95th

  • 5500 $228M
  • ASSETS 1,101
  • PCT 95th
  • EIN 401(k)
  • RANK near Mitel 401(k) Plan
  • PHOTO ind #7828

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 Maryland →

Sandy Spring Bank 401(k) Plan in the asset neighbourhood

Mitel 401(k) Plan$228M401(k) Plan of Evangelical Community Hospital401(k) Plan of Evangelical C…$228MSandy Spring Bank 401(k) Plan$228MBob's Discount Furniture 401(k) Profit Sharing PlanBob's Discount Furniture 401…$228MNhca and Affiliates Retirement and Savings PlanNhca and Affiliates Retireme…$228M
End-of-year total assets ($M) among Sandy Spring Bank 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Scale-class filing particulars (2024)

Total Assets (Beginning of Year)$198M
Net Assets (End of Year)$228M
Net Income$30M
Employer EIN521532952
Plan Effective Date1982-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Sandy Spring Bancorp, Inc)

Sponsor-wide plan assets over time

All Sandy Spring Bancorp, Inc plans reported in each filing year

Latest sponsor-wide plan assets
$228M 11.345217156751186% vs 2022
2024 filing year
$190M$200M$210M$220M$230M$240M 202220232024 $205M $228M ▲ +11.3%
Year Plans Participants Total Assets
2022 2 1,324 $205M
2023 2 1,297 $198M
2024 2 2,230 $228M

Nearby 401(k) Plans in Maryland

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

Sandy Spring Bank 401(k) Plan vs. nearby 401(k) plans in Maryland, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 -200204060 Total assets ($B) Participants Sandy Spring Bank 401(k) Plan, Total assets ($B): 0.227787491 · Participants: 1101Sandy Spring Bank 401(k) PlanLockheed Martin Corporation Salaried Savings Plan, Total assets ($B): 51.448624264 · Participants: 96812Lockheed Martin Corporation Salaried Savings PlanMarriott Retirement Savings Plan, Total assets ($B): 11.712016434 · Participants: 101417Marriott Retirement Savings PlanT. Rowe Price U.S. Retirement Program, Total assets ($B): 4.948487009 · Participants: 6639T. Rowe Price U.S. Retirement ProgramNfl Player Second Career Savings Plan, Total assets ($B): 4.08462816 · Participants: 2771Nfl Player Second Career Savings PlanLockheed Martin Corporation Performance Sharing Plan for Bargaining Employees, Total assets ($B): 2.987191008 · Participants: 18370Lockheed Martin Corporation Performance Sharing Plan for Bargaining Employees
Sandy Spring Bank 401(k) Plan vs. nearby 401(k) plans in Maryland, assets vs. participants
Compare Sandy Spring Bank 401(k) Plan side-by-side with 3 peers →

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

Outside Maryland, the nearest 401(k) by assets is Mitel 401(k) Plan in AZ ($228M); by covered participants it is Health Fitness Corporation 401(k) Savings Plan in IL (1,101 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($228M here).

Similar participant headcount

Nearest other-state filings by covered participants (1,101 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 Sandy Spring Bank 401(k) Plan assets move in 2024? ▼
Sandy Spring Bank 401(k) Plan grew sharply - up 15.1% during 2024, from $198M to $228M. Reported net income was $30M.
How have Sandy Spring Bancorp, Inc plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Sandy Spring Bancorp, Inc's sponsor-wide assets grew 11.3%, from $205M to $228M.
Where does Sandy Spring Bank 401(k) Plan rank by assets among Form 5500 filers? ▼
Sandy Spring Bank 401(k) Plan ranks in the 95th percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (in the top 5% of all filed plans by assets).
Which 401(k) plans are similar in size to Sandy Spring Bank 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Mitel 401(k) Plan in AZ ($228M, 550 participants).
Which 401(k) plans cover a similar participant headcount to Sandy Spring Bank 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Health Fitness Corporation 401(k) Savings Plan in IL (1,101 participants, $80M 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 521532952.

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.