Defined Benefit (Pension) · DOL Form 5500 · 2024
Union Savings Bank Pension Plan
Data updated 2026-08-11
- $115M
- Total assets
- 306
- Participants
- 91st
- Percentile by assets
- $374,556
- Avg per participant
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.
- 91st percentile by assets (of 123,622 plans)
- #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.
- $115M
- total plan assets (2024 EOY)
- 306
- covered participants
- 91st
- percentile by assets (of 123,622 plans)
- $374,556
- avg assets per participant
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.
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.
Participants vs Connecticut filers
In Connecticut, the average filing covers about 718 participants across 1,906 plans. Union Savings Bank Retirement Plan reports 306 participants - about 43% of that state average ($115M EOY assets).
Connecticut filing particulars
| Total Assets (Beginning of Year) | $116M |
|---|---|
| Net Assets (End of Year) | $115M |
| Net Income | -$1M |
| Employer EIN | 060570800 |
| Plan Effective Date | 1947-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Union Savings Bank)
| 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
- Rtx Consolidated Pension Plan $41.6B · 36,180
- The Citigroup Pension Plan $10.0B · 15,906
- Eversource Pension Plan $5.8B · 3,428
- Retirement Plan for Employees of Aetna Inc. $5.2B · 9,682
- The Hartford Retirement Plan for U.S. Employees $3.4B · 7,034
Similar-Sized Defined Benefit (Pension) Plans Nationally
Defined Benefit (Pension) plans in other states closest to Union Savings Bank Retirement Plan by total assets, not by location.
Frequently Asked Questions
How did Union Savings Bank Retirement Plan assets move in 2024? ▼
How have Union Savings Bank plan assets changed over time? ▼
Where does Union Savings Bank Retirement Plan rank by assets among Form 5500 filers? ▼
Which Defined Benefit (Pension) plans are similar in size to Union Savings Bank Retirement Plan? ▼
Next read for Union Savings Bank Retirement Plan
Filing takeaways
Ways to act on Union Savings Bank Retirement Plan's numbers.
- By total assets, Union Savings Bank Retirement Plan ranks in the top 10% of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar Defined Benefit (Pension) plans in Connecticut. Compare plans
- Union Savings Bank's sponsor-wide assets have grown 17.2% since 2022 across 3 plan years on file. More Finance & Insurance plans