401(k) · DOL Form 5500 · 2024

Webster Bank, N.a. 401(k) Plan

Data updated 2026-07-24

$1.1B
Total assets: 3,250
Participants: 99th
Percentile by assets: $347,590
Avg per participant

Official DOL plan name: Webster Bank Retirement Savings Plan · Sponsored by Webster Bank, N.a. · New York · Finance & Insurance

$1.1B in assets, 3,250 participants

Webster Bank, N.a.'s Webster Bank Retirement Savings Plan reported $1.1B in total assets and 3,250 participants in its 2024 DOL Form 5500 filing, ranking in the 99th 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.

99th percentile by assets (of 116,472 plans)

Coverage in New York

Webster Bank Retirement Savings Plan covers 3,250 participants in New York, 4.1x the typical New York plan (state average ~795 per filing). Assets: $1.1B.

$1.1B
total plan assets (2024 EOY): 3,250
covered participants: 99th
percentile by assets (of 116,472 plans): $347,590
avg assets per participant

Webster Bank Retirement Savings Plan reported net income rose from $92M in the plan year 2023 filing to $108M in the plan year 2024 filing.
Webster Bank Retirement Savings Plan end-of-year assets rose from $1.0B in the plan year 2023 filing to $1.1B in the plan year 2024 filing.
Webster Bank Retirement Savings Plan reported participants rose from 2,988 in the plan year 2023 filing to 3,250 in the plan year 2024 filing.

See the national 2023→2024 release diff →

State

New York

Industry

Finance & Insurance

Participants vs New York filers

In New York, the average filing covers about 795 participants across 8,491 plans. Webster Bank Retirement Savings Plan reports 3,250 participants - 4.1x that state average ($1.1B EOY assets).

New York filing particulars

Total Assets (Beginning of Year)	$1.0B
Net Assets (End of Year)	$1.1B
Net Income	$108M
Employer EIN	060273620
Plan Effective Date	1984-10-01
Filing Status	FILING RECEIVED

Sponsor Plan History (Webster Bank, N.a.)

Total plan assets by year, all Webster Bank, N.a. plans on file

Year	Plans	Participants	Total Assets
2022	3	4,986	$1.1B
2023	3	4,736	$1.2B
2024	2	3,774	$1.3B

Nearby 401(k) Plans in New York

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

Webster Bank Retirement Savings Plan vs. nearby 401(k) plans in New York, assets vs. participants

IBM 401(k) Plan $60.4B · 52,674
Morgan Stanley 401(k) Plan $22.2B · 53,860
Pfizer Savings Plan $22.0B · 33,309
The Pepsico Savings Plan $14.9B · 137,398
The Goldman Sachs 401(k) Plan $12.8B · 23,227

Compare Webster Bank Retirement Savings Plan side-by-side with 3 peers →

Similar-Sized 401(k) Plans Nationally

401(k) plans in other states closest to Webster Bank Retirement Savings Plan by total assets, not by location.

Mid-Atlantic Permanente Medical Group, P.C. 401(k) Plan (DC) $1.1B · 2,118
Teco Energy Group Retirement Savings Plan (FL) $1.1B · 4,089
Eighth District Electrical Pension Fund Annuity Plan (NV) $1.1B · 21,516
Vertiv Group Corporation Employee Retirement Savings Plan (OH) $1.1B · 3,650

Frequently Asked Questions

How did Webster Bank Retirement Savings Plan assets move in 2024? ▼

Webster Bank Retirement Savings Plan grew at a solid clip - up 10.9% during 2024, from $1.0B to $1.1B. Reported net income was $108M.

How have Webster Bank, N.a. plan assets changed over time? ▼

Across 3 plan years on file (2022-2024), Webster Bank, N.a.'s sponsor-wide assets grew 18.9%, from $1.1B to $1.3B.

Where does Webster Bank Retirement Savings Plan rank by assets among Form 5500 filers? ▼

Webster Bank Retirement Savings Plan ranks in the 99th percentile by end-of-year assets among 116,472 plans that reported assets for plan year 2024 (among the largest 1% of all filed plans).

Which 401(k) plans are similar in size to Webster Bank Retirement Savings Plan? ▼

Among 401(k) plans in other states, the closest by assets is Mid-Atlantic Permanente Medical Group, P.C. 401(k) Plan in DC ($1.1B, 2,118 participants).

Next read for Webster Bank Retirement Savings Plan

Filing takeaways

Ways to act on Webster Bank Retirement Savings Plan's numbers.

By total assets, Webster Bank Retirement Savings Plan ranks among the largest 1% of all filed plans. See the largest plans
Compare it side-by-side against 3 similar 401(k) plans in New York. Compare plans
Webster Bank, N.a.'s sponsor-wide assets have grown 18.9% 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 060273620.

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.