Defined Benefit (Pension) · DOL Form 5500 · 2024

Union Savings Bank Pension Plan

Data updated 2026-08-25

$115M
Total assets Near avg plan size
306
Participants Below avg headcount
91st
Percentile by assets National rank
$374,556
Avg per participant High balance/head
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Official DOL plan name: Union Savings Bank Retirement Plan · Sponsored by Union Savings Bank · Connecticut · Finance & Insurance

$115M in assets, 306 participants

Union Savings Bank's Union Savings Bank Retirement Plan reported $115M in total assets and 306 participants in its 2024 DOL Form 5500 filing, ranking in the 91st 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.

  • #7,400 in Finance & Insurance (8,549 peers)

Coverage in Connecticut

Union Savings Bank Retirement Plan covers 306 participants in Connecticut, about 43% of the average Connecticut filer (state average ~718 per filing). Assets: $115M.

#7,400
in Finance & Insurance (8,549 peers)
-0.9%
assets change YoY
1.1×
vs typical plan assets (national mean)

The plan reported a net loss of $1M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Union Savings Bank Retirement Plan's outsized position by total assets

Union Savings Bank Retirement Plan vs every filed plan by assets

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

$114,614,150 Top 9% higher than 91% 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

Union Savings Bank Retirement Plan among mid-size filed plans by headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Union Savings Bank Retirement Plan sits mid-pack in the medium band (306 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Union Savings Bank Retirement Plan reported net income fell from $10M in the plan year 2023 filing to -$1M in the plan year 2024 filing.
  • Union Savings Bank Retirement Plan end-of-year assets fell from $116M in the plan year 2023 filing to $115M in the plan year 2024 filing.

See the national 2023→2024 release diff →

EBSA filing schedule strip

Filing strip 060570800 · Union Savings Bank PY 2024 · Defined Benefit (Pension)

Union Savings Bank Retirement Plan · $115M · 306 · 91st

  • 5500 $115M
  • 5500 306
  • 5500 91st
  • 5500 Defined Benefit (Pension)
  • 5500 near Retirement Annuity Plan for Ees of Smeco, Inc.
  • 5500 ind #7400

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 →

Union Savings Bank Retirement Plan in the asset neighbourhood

Retirement Annuity Plan for Ees of Smeco, Inc.Retirement Annuity Plan for …$115MUnion Savings Bank Retirement PlanUnion Savings Bank Retiremen…$115MChemtura Corporation Retirement PlanChemtura Corporation Retirem…$114MPan-American Life Insurance Company Employees' Retirement Benefit PlanPan-American Life Insurance …$114MPlumbers & Steamfitters Local 118 Pension PlanPlumbers & Steamfitters Loca…$114M
End-of-year total assets ($M) among Union Savings Bank Retirement Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2024.

Connecticut filing particulars

Total Assets (Beginning of Year)$116M
Net Assets (End of Year)$115M
Net Income-$1M
Employer EIN060570800
Plan Effective Date1947-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Union Savings Bank)

Sponsor-wide plan assets over time

All Union Savings Bank plans reported in each filing year

Latest sponsor-wide plan assets
$191M 17.158906304260768% vs 2022
2024 filing year
$160M$170M$180M$190M$200M 202220232024 $163M $191M ▲ +17.2%
Year Plans Participants Total Assets
2022 2 680 $163M
2023 2 659 $183M
2024 2 675 $191M

Nearby Defined Benefit (Pension) Plans in Connecticut

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

Union Savings Bank Retirement Plan vs. nearby Defined Benefit (Pension) plans in Connecticut, assets vs. participants Scatter plot of 6 data points. -10000010000200003000040000 -1001020304050 Total assets ($B) Participants Union Savings Bank Retirement Plan, Total assets ($B): 0.11461415 · Participants: 306Union Savings Bank Retirement 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
Union Savings Bank Retirement Plan vs. nearby Defined Benefit (Pension) plans in Connecticut, assets vs. participants
Compare Union Savings Bank Retirement Plan side-by-side with 3 peers →

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

Outside Connecticut, the nearest Defined Benefit (Pension) by assets is Retirement Annuity Plan for Ees of Smeco, Inc. in MD ($115M); by covered participants it is Knoxville Tva Employees Credit Union Defined Benefit Plan in TN (306 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (306 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 Union Savings Bank Retirement Plan assets move in 2024? ▼
Union Savings Bank Retirement Plan held essentially flat - down 0.9% during 2024, from $116M to $115M. Reported net income was -$1M.
How have Union Savings Bank plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Union Savings Bank's sponsor-wide assets grew 17.2%, from $163M to $191M.
Where does Union Savings Bank Retirement Plan rank by assets among Form 5500 filers? ▼
Union Savings Bank Retirement Plan ranks in the 91st 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 Defined Benefit (Pension) plans are similar in size to Union Savings Bank Retirement Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Retirement Annuity Plan for Ees of Smeco, Inc. in MD ($115M, 203 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Union Savings Bank Retirement Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Knoxville Tva Employees Credit Union Defined Benefit Plan in TN (306 participants, $41M 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 060570800.

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.