401(k) · DOL Form 5500 · 2024

The Milford Bank 401(k) Plan

Data updated 2026-08-25

$23M
Total assets Small plan by assets
83
Participants Small participant base
73rd
Percentile by assets National rank
$277,489
Avg per participant High balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: The Milford Bank 401(k) Profit Sharing Plan with Cash or Deferred Arrangement · Sponsored by The Milford Bank · Connecticut · Finance & Insurance

$23M in assets, 83 participants

The Milford Bank's The Milford Bank 401(k) Profit Sharing Plan with Cash or Deferred Arrangement reported $23M in total assets and 83 participants in its 2024 DOL Form 5500 filing, ranking in the 73rd 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.

  • #5,034 in Finance & Insurance (8,549 peers)

The Milford Bank multi-year trail

The Milford Bank's plans moved -11.8% in assets from 2022 to 2024; this filing shows The Milford Bank 401(k) Profit Sharing Plan with Cash or Deferred Arrangement at $23M / 83 participants.

#5,034
in Finance & Insurance (8,549 peers)
+14.2%
assets growth YoY

The Milford Bank 401(k) Profit Sharing Plan with Cash or Deferred Arrangement's outsized position by total assets

The Milford Bank 401(k) Profit Sharing Plan with Cash or Deferred Arrangement vs every filed plan by assets

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

$23,031,584 Top 27% higher than 73% 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

The Milford Bank 401(k) Profit Sharing Plan with Cash or Deferred Arrangement among smaller filed plans by headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. The Milford Bank 401(k) Profit Sharing Plan with Cash or Deferred Arrangement is a small filing (83 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • The Milford Bank 401(k) Profit Sharing Plan with Cash or Deferred Arrangement reported net income rose from $2M in the plan year 2023 filing to $3M in the plan year 2024 filing.
  • The Milford Bank 401(k) Profit Sharing Plan with Cash or Deferred Arrangement end-of-year assets rose from $20M in the plan year 2023 filing to $23M in the plan year 2024 filing.
  • The Milford Bank 401(k) Profit Sharing Plan with Cash or Deferred Arrangement reported participants rose from 81 in the plan year 2023 filing to 83 in the plan year 2024 filing.

See the national 2023→2024 release diff →

Published 5500 schedule card

Filing strip 060453420 · The Milford Bank PY 2024 · 401(k)

The Milford Bank 401(k) Profit Sharing Plan with Cash or Deferred Arrangement · $23M · 83 · 73rd

  • NET $23M
  • BOOK 83
  • VS-ST 73rd
  • BOY 401(k)
  • SCH near National Electrical Contractors Assn. 401(k) Plan
  • EBSA ind #5034

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 →

The Milford Bank 401(k) Profit Sharing Plan with Cash or Deferred Arrangement in the asset neighbourhood

The Milford Bank 401(k) Profit Sharing Plan with Cash or Deferred ArrangementThe Milford Bank 401(k) Prof…$23MNational Electrical Contractors Assn. 401(k) PlanNational Electrical Contract…$23MHighradius Corporation 401(k) PlanHighradius Corporation 401(k…$23MKestra Medical Technologies, Inc. 401(k) Profit Sharing PlanKestra Medical Technologies,…$23MDoc & Nys & W Railway 401(k) Savings Plan & TrustDoc & Nys & W Railway 401(k)…$23M
End-of-year total assets ($M) among The Milford Bank 401(k) Profit Sharing Plan with Cash or Deferred Arrangement and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

The Milford Bank multi-year asset trail

Sponsor-wide plan assets over time

All The Milford Bank plans reported in each filing year

Latest sponsor-wide plan assets
$23M 11.788065083444742% vs 2022
2024 filing year
$18M$20M$22M$24M$26M$28M 202220232024 $26.1M $23M ▼ -11.8%
Year Plans Participants Total Assets
2022 2 127 $26M
2023 2 119 $20M
2024 1 83 $23M

The Milford Bank filing trail (2024)

Total Assets (Beginning of Year)$20M
Net Assets (End of Year)$23M
Net Income$3M
Employer EIN060453420
Plan Effective Date1985-01-01
Filing StatusFILING RECEIVED

Nearby 401(k) Plans in Connecticut

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

The Milford Bank 401(k) Profit Sharing Plan with Cash or Deferred Arrangement vs. nearby 401(k) plans in Connecticut, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 -20020406080 Total assets ($B) Participants The Milford Bank 401(k) Profit Sharing Plan with Cash or Deferred Arrangement, Total assets ($B): 0.023031584 · Participants: 83The Milford Bank 401(k) Profit Sharing Plan with Cash or Deferred ArrangementRtx 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
The Milford Bank 401(k) Profit Sharing Plan with Cash or Deferred Arrangement vs. nearby 401(k) plans in Connecticut, assets vs. participants
Compare The Milford Bank 401(k) Profit Sharing Plan with Cash or Deferred Arrangement side-by-side with 3 peers →

The Milford Bank 401(k) Profit Sharing Plan with Cash or Deferred Arrangement's out-of-state 401(k) peers by assets and headcount

Outside Connecticut, the nearest 401(k) by assets is National Electrical Contractors Assn. 401(k) Plan in DC ($23M); by covered participants it is Pepsi-Cola Bottling Co. of Davenport 401(k) Employee Benefit Plan in IA (83 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (83 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 The Milford Bank 401(k) Profit Sharing Plan with Cash or Deferred Arrangement assets move in 2024? ▼
The Milford Bank 401(k) Profit Sharing Plan with Cash or Deferred Arrangement grew at a solid clip - up 14.2% during 2024, from $20M to $23M. Reported net income was $3M.
How have The Milford Bank plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), The Milford Bank's sponsor-wide assets declined 11.8%, from $26M to $23M.
Which 401(k) plans are similar in size to The Milford Bank 401(k) Profit Sharing Plan with Cash or Deferred Arrangement? ▼
Among 401(k) plans in other states, the closest by assets is National Electrical Contractors Assn. 401(k) Plan in DC ($23M, 95 participants).
Which 401(k) plans cover a similar participant headcount to The Milford Bank 401(k) Profit Sharing Plan with Cash or Deferred Arrangement? ▼
Among 401(k) plans in other states, the closest by covered participants is Pepsi-Cola Bottling Co. of Davenport 401(k) Employee Benefit Plan in IA (83 participants, $22M 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 060453420.

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.