401(k) · DOL Form 5500 · 2024

The Washington Trust Company, of Westerly 401(k) Plan

Data updated 2026-08-11

$143M
Total assets: 650
Participants: 93rd
Percentile by assets: $219,928
Avg per participant

Official DOL plan name: The Washington Trust Company 401(k) Plan · Sponsored by The Washington Trust Company, of Westerly · Rhode Island · Finance & Insurance

$143M in assets, 650 participants

The Washington Trust Company, of Westerly's The Washington Trust Company 401(k) Plan reported $143M in total assets and 650 participants in its 2024 DOL Form 5500 filing, ranking in the 93rd 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.

93rd percentile by assets (of 123,622 plans)
#7,555 in Finance & Insurance (8,549 peers)

Coverage in Rhode Island

The Washington Trust Company 401(k) Plan covers 650 participants in Rhode Island, about 45% of the average Rhode Island filer (state average ~1,449 per filing). Assets: $143M.

$143M
total plan assets (2024 EOY): 650
covered participants: 93rd
percentile by assets (of 123,622 plans): $219,928
avg assets per participant

The Washington Trust Company 401(k) Plan reported net income fell from $24M in the plan year 2023 filing to $12M in the plan year 2024 filing.
The Washington Trust Company 401(k) Plan end-of-year assets rose from $131M in the plan year 2023 filing to $143M in the plan year 2024 filing.
The Washington Trust Company 401(k) Plan reported participants rose from 623 in the plan year 2023 filing to 650 in the plan year 2024 filing.

See the national 2023→2024 release diff →

State

Rhode Island

Industry

Finance & Insurance

Participants vs Rhode Island filers

In Rhode Island, the average filing covers about 1,449 participants across 434 plans. The Washington Trust Company 401(k) Plan reports 650 participants - about 45% of that state average ($143M EOY assets).

Rhode Island filing particulars

Total Assets (Beginning of Year)	$131M
Net Assets (End of Year)	$143M
Net Income	$12M
Employer EIN	050235370
Plan Effective Date	1985-07-01
Filing Status	FILING RECEIVED

Sponsor Plan History (The Washington Trust Company, of Westerly)

Total plan assets by year, all The Washington Trust Company, of Westerly plans on file

Year	Plans	Participants	Total Assets
2022	2	729	$186M
2023	2	742	$213M
2024	2	759	$143M

Nearby 401(k) Plans in Rhode Island

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

The Washington Trust Company 401(k) Plan vs. nearby 401(k) plans in Rhode Island, assets vs. participants

CVS Health Future Fund 401(k) Plan $30.1B · 240,493
Textron Savings Plan $6.1B · 26,609
Cfg Retirement Savings Plan $3.2B · 17,893
Unfi 401(k) Plan $2.8B · 26,416
Factory Mutual Insurance Company 401(k) Savings Plan $1.9B · 4,005

Compare The Washington Trust Company 401(k) Plan side-by-side with 3 peers →

Similar-Sized 401(k) Plans Nationally

401(k) plans in other states closest to The Washington Trust Company 401(k) Plan by total assets, not by location.

IBEW Local Union No. 9 and Line Clearance Contract 401(k) Retirement Fund (MI) $143M · 1,010
Independent Financial 401(k) Profit Sharing Plan (TX) $143M · 1,443
Nice-Pak Products, Inc. 401(k) Savings Plan (NY) $143M · 1,372
Colorcon, Inc. 401(k) Savings Plan (PA) $143M · 582

Frequently Asked Questions

How did The Washington Trust Company 401(k) Plan assets move in 2024? ▼

The Washington Trust Company 401(k) Plan grew at a solid clip - up 9.1% during 2024, from $131M to $143M. Reported net income was $12M.

How have The Washington Trust Company, of Westerly plan assets changed over time? ▼

Across 3 plan years on file (2022-2024), The Washington Trust Company, of Westerly's sponsor-wide assets declined 23.0%, from $186M to $143M.

Where does The Washington Trust Company 401(k) Plan rank by assets among Form 5500 filers? ▼

The Washington Trust Company 401(k) Plan ranks in the 93rd percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (in the top 10% of all filed plans by assets).

Which 401(k) plans are similar in size to The Washington Trust Company 401(k) Plan? ▼

Among 401(k) plans in other states, the closest by assets is IBEW Local Union No. 9 and Line Clearance Contract 401(k) Retirement Fund in MI ($143M, 1,010 participants).

Next read for The Washington Trust Company 401(k) Plan

Filing takeaways

Ways to act on The Washington Trust Company 401(k) Plan's numbers.

By total assets, The Washington Trust Company 401(k) Plan ranks in the top 10% of all filed plans by assets. See the largest plans
Compare it side-by-side against 3 similar 401(k) plans in Rhode Island. Compare plans
The Washington Trust Company, of Westerly's sponsor-wide assets have declined 23.0% since 2022 across 3 plan years on file. More Finance & Insurance plans

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 050235370.