401(k) · DOL Form 5500 · 2024

Sterling Bank & Trust Fsb 401(k) Plan

Data updated 2026-08-25

$29M
Total assets Below avg plan size
247
Participants Below avg headcount
77th
Percentile by assets National rank
$117,332
Avg per participant Below avg balance/head
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Official DOL plan name: Sterling Bank & Trust 401(k) Plan · Sponsored by Sterling Bank & Trust Fsb · Michigan · Finance & Insurance

$29M in assets, 247 participants

Sterling Bank & Trust Fsb's Sterling Bank & Trust 401(k) Plan reported $29M in total assets and 247 participants in its 2024 DOL Form 5500 filing, ranking in the 77th 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.

  • #5,475 in Finance & Insurance (8,549 peers)

Coverage in Michigan

Sterling Bank & Trust 401(k) Plan covers 247 participants in Michigan, about 39% of the average Michigan filer (state average ~638 per filing). Assets: $29M.

#5,475
in Finance & Insurance (8,549 peers)
+13.1%
assets growth YoY
0.3×
vs typical plan assets (national mean)

Sterling Bank & Trust 401(k) Plan's outsized position by total assets

Sterling Bank & Trust 401(k) Plan vs every filed plan by assets

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

$28,981,007 Top 23% higher than 77% 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

Sterling Bank & Trust 401(k) 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. Sterling Bank & Trust 401(k) Plan sits mid-pack in the medium band (247 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Sterling Bank & Trust 401(k) Plan end-of-year assets rose from $26M in the plan year 2023 filing to $29M in the plan year 2024 filing.
  • Sterling Bank & Trust 401(k) Plan reported participants fell from 276 in the plan year 2023 filing to 247 in the plan year 2024 filing.

See the national 2023→2024 release diff →

EBSA filing schedule strip

Filing strip 382524834 · Sterling Bank & Trust Fsb PY 2024 · 401(k)

Sterling Bank & Trust 401(k) Plan · $29M · 247 · 77th

  • SCH $29M
  • EBSA 247
  • PART 77th
  • TYPE 401(k)
  • NET near Blupeak Credit Union 401(k) & Benefit Sharing Plan
  • BOOK ind #5475

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 Michigan →

Sterling Bank & Trust 401(k) Plan in the asset neighbourhood

Sterling Bank & Trust 401(k) PlanSterling Bank & Trust 401(k)…$29MBlupeak Credit Union 401(k) & Benefit Sharing PlanBlupeak Credit Union 401(k) …$29MSun Motor Cars, Inc. Savings PlanSun Motor Cars, Inc. Savings…$29MVersova Management Company 401(k) PlanVersova Management Company 4…$29MInnovation Industries, Inc. 401(k) Plan and TrustInnovation Industries, Inc. …$29M
End-of-year total assets ($M) among Sterling Bank & Trust 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Michigan filing particulars

Total Assets (Beginning of Year)$26M
Net Assets (End of Year)$29M
Net Income$3M
Employer EIN382524834
Plan Effective Date1988-08-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Sterling Bank & Trust Fsb)

Sponsor-wide plan assets over time

All Sterling Bank & Trust Fsb plans reported in each filing year

Latest sponsor-wide plan assets
$29M 30.30585381180388% vs 2022
2024 filing year
$20M$25M$30M 202220232024 $22.2M $29M ▲ +30.3%
Year Plans Participants Total Assets
2022 1 296 $22M
2023 1 276 $26M
2024 1 247 $29M

Nearby 401(k) Plans in Michigan

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

Sterling Bank & Trust 401(k) Plan vs. nearby 401(k) plans in Michigan, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000 -100102030 Total assets ($B) Participants Sterling Bank & Trust 401(k) Plan, Total assets ($B): 0.028981007 · Participants: 247Sterling Bank & Trust 401(k) PlanGeneral Motors Retirement Savings Plan for Salaried Employees in the United States, Total assets ($B): 23.0591668 · Participants: 43053General Motors Retirement Savings Plan for Salaried Employees in the United StatesFord Motor Co. Savings and Stock Investment Plan for Salaried Employees, Total assets ($B): 17.26893589 · Participants: 31790Ford Motor Co. Savings and Stock Investment Plan for Salaried EmployeesThe Dow Chemical Company Employees' Savings Plan, Total assets ($B): 10.768606712 · Participants: 17128The Dow Chemical Company Employees' Savings PlanThe General Motors Personal Savings Plan for Hourly-Rate Employees in the United States, Total assets ($B): 9.568379082 · Participants: 42513The General Motors Personal Savings Plan for Hourly-Rate Employees in the United StatesFord Motor Co. Tax-Efficient Savings Plan for Hourly Employees, Total assets ($B): 8.2932975 · Participants: 60497Ford Motor Co. Tax-Efficient Savings Plan for Hourly Employees
Sterling Bank & Trust 401(k) Plan vs. nearby 401(k) plans in Michigan, assets vs. participants

Sterling Bank & Trust 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside Michigan, the nearest 401(k) by assets is Blupeak Credit Union 401(k) & Benefit Sharing Plan in CA ($29M); by covered participants it is Propex 401(k) Savings Plan in TN (247 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (247 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 Sterling Bank & Trust 401(k) Plan assets move in 2024? ▼
Sterling Bank & Trust 401(k) Plan grew at a solid clip - up 13.1% during 2024, from $26M to $29M. Reported net income was $3M.
How have Sterling Bank & Trust Fsb plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Sterling Bank & Trust Fsb's sponsor-wide assets grew 30.3%, from $22M to $29M.
Where does Sterling Bank & Trust 401(k) Plan rank by assets among Form 5500 filers? ▼
Sterling Bank & Trust 401(k) Plan ranks in the 77th 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 401(k) plans are similar in size to Sterling Bank & Trust 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Blupeak Credit Union 401(k) & Benefit Sharing Plan in CA ($29M, 115 participants).
Which 401(k) plans cover a similar participant headcount to Sterling Bank & Trust 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Propex 401(k) Savings Plan in TN (247 participants, N/A in assets).