Defined Benefit (Pension) · DOL Form 5500 · 2024

Ives Bank Pension Plan

Data updated 2026-08-25

$36M
Total assets Below avg plan size
34
Participants Small participant base
80th
Percentile by assets National rank
$1.1M
Avg per participant High balance/head
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Official DOL plan name: Savings Bank of Danbury Trusteed Pension Plan · Sponsored by Ives Bank · Connecticut · Finance & Insurance

$36M in assets, 34 participants

Ives Bank's Savings Bank of Danbury Trusteed Pension Plan reported $36M in total assets and 34 participants in its 2024 DOL Form 5500 filing, ranking in the 80th 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.

  • #5,883 in Finance & Insurance (8,549 peers)

Where Savings Bank of Danbury Trusteed Pension Plan sits by assets

Savings Bank of Danbury Trusteed Pension Plan sits in the top quartile of all filed plans by assets, $36M for 34 participants (~$1.1M/participant), up 7.7% in 2024.

#5,883
in Finance & Insurance (8,549 peers)
+7.7%
assets growth YoY
0.4×
vs typical plan assets (national mean)

Savings Bank of Danbury Trusteed Pension Plan's outsized position by total assets

Savings Bank of Danbury Trusteed Pension Plan vs every filed plan by assets

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

$36,028,544 Top 20% higher than 80% 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

Savings Bank of Danbury Trusteed Pension Plan among smaller filed plans by headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Savings Bank of Danbury Trusteed Pension Plan is a small filing (34 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Savings Bank of Danbury Trusteed Pension Plan reported net income fell from $4M in the plan year 2023 filing to $3M in the plan year 2024 filing.
  • Savings Bank of Danbury Trusteed Pension Plan reported participants fell from 40 in the plan year 2023 filing to 34 in the plan year 2024 filing.
  • Savings Bank of Danbury Trusteed Pension Plan end-of-year assets rose from $33M in the plan year 2023 filing to $36M in the plan year 2024 filing.

See the national 2023→2024 release diff →

DOL schedule card

Filing strip 863388610 · Ives Bank PY 2024 · Defined Benefit (Pension)

Savings Bank of Danbury Trusteed Pension Plan · $36M · 34 · 80th

  • SCH $36M
  • SCH 34
  • SCH 80th
  • SCH Defined Benefit (Pension)
  • SCH near Sheet Metal Workers Local #20 South Bend Area Pension Fund
  • SCH ind #5883

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 →

Savings Bank of Danbury Trusteed Pension Plan in the asset neighbourhood

Minn-Dak Farmers Cooperative Pension PlanMinn-Dak Farmers Cooperative…$36MSavings Bank of Danbury Trusteed Pension PlanSavings Bank of Danbury Trus…$36MSheet Metal Workers Local #20 South Bend Area Pension FundSheet Metal Workers Local #2…$36MPension Plan for Employees of Sun Chemical (Who Are Members of Participating Unions)Pension Plan for Employees o…$36MJoint Industry Board of the Electrical Industry Employees' Retirement Income PlanJoint Industry Board of the …$36M
End-of-year total assets ($M) among Savings Bank of Danbury Trusteed Pension Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2024.

Scale-class filing particulars (2024)

Total Assets (Beginning of Year)$33M
Net Assets (End of Year)$36M
Net Income$3M
Employer EIN863388610
Plan Effective Date2000-05-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Ives Bank)

Sponsor-wide plan assets over time

All Ives Bank plans reported in each filing year

Latest sponsor-wide plan assets
$62M 14.784862277238405% vs 2022
2024 filing year
$50M$55M$60M$65M 202220232024 $53.9M $61.8M ▲ +14.8%
Year Plans Participants Total Assets
2022 2 217 $54M
2023 2 218 $57M
2024 2 210 $62M

Nearby Defined Benefit (Pension) Plans in Connecticut

Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.

Savings Bank of Danbury Trusteed Pension Plan vs. nearby Defined Benefit (Pension) plans in Connecticut, assets vs. participants Scatter plot of 6 data points. -10000010000200003000040000 -1001020304050 Total assets ($B) Participants Savings Bank of Danbury Trusteed Pension Plan, Total assets ($B): 0.036028544 · Participants: 34Savings Bank of Danbury Trusteed Pension PlanRtx Consolidated Pension Plan, Total assets ($B): 41.643558189 · Participants: 36180Rtx Consolidated Pension PlanThe Citigroup Pension Plan, Total assets ($B): 9.993084827 · Participants: 15906The Citigroup Pension PlanEversource Pension Plan, Total assets ($B): 5.763055773 · Participants: 3428Eversource Pension PlanRetirement Plan for Employees of Aetna Inc., Total assets ($B): 5.242514983 · Participants: 9682Retirement Plan for Employees of Aetna Inc.The Hartford Retirement Plan for U.S. Employees, Total assets ($B): 3.395288837 · Participants: 7034The Hartford Retirement Plan for U.S. Employees
Savings Bank of Danbury Trusteed Pension Plan vs. nearby Defined Benefit (Pension) plans in Connecticut, assets vs. participants
Compare Savings Bank of Danbury Trusteed Pension Plan side-by-side with 3 peers →

Savings Bank of Danbury Trusteed Pension Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside Connecticut, the nearest Defined Benefit (Pension) by assets is Sheet Metal Workers Local #20 South Bend Area Pension Fund in IN ($36M); by covered participants it is The People's Credit Union Defined Benefit Plan and Trust in RI (34 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (34 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 Savings Bank of Danbury Trusteed Pension Plan assets move in 2024? ▼
Savings Bank of Danbury Trusteed Pension Plan grew at a solid clip - up 7.7% during 2024, from $33M to $36M. Reported net income was $3M.
How have Ives Bank plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Ives Bank's sponsor-wide assets grew 14.8%, from $54M to $62M.
Where does Savings Bank of Danbury Trusteed Pension Plan rank by assets among Form 5500 filers? ▼
Savings Bank of Danbury Trusteed Pension Plan ranks in the 80th 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 Defined Benefit (Pension) plans are similar in size to Savings Bank of Danbury Trusteed Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Sheet Metal Workers Local #20 South Bend Area Pension Fund in IN ($36M, 198 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Savings Bank of Danbury Trusteed Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is The People's Credit Union Defined Benefit Plan and Trust in RI (34 participants, $15M 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 863388610.

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.