401(k) · DOL Form 5500 · 2024
Sterling Bank & Trust Fsb 401(k) Plan
Data updated 2026-08-11
- $29M
- Total assets
- 247
- Participants
- 77th
- Percentile by assets
- $117,332
- Avg per participant
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.
- 77th percentile by assets (of 123,622 plans)
- #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.
- $29M
- total plan assets (2024 EOY)
- 247
- covered participants
- 77th
- percentile by assets (of 123,622 plans)
- $117,332
- avg assets per participant
Where Sterling Bank & Trust 401(k) Plan sits 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
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2024
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.
Participants vs Michigan filers
In Michigan, the average filing covers about 638 participants across 4,220 plans. Sterling Bank & Trust 401(k) Plan reports 247 participants - about 39% of that state average ($29M EOY assets).
Michigan filing particulars
| Total Assets (Beginning of Year) | $26M |
|---|---|
| Net Assets (End of Year) | $29M |
| Net Income | $3M |
| Employer EIN | 382524834 |
| Plan Effective Date | 1988-08-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Sterling Bank & Trust Fsb)
| 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
- General Motors Retirement Savings Plan for Salaried Employees in the United States $23.1B · 43,053
- Ford Motor Co. Savings and Stock Investment Plan for Salaried Employees $17.3B · 31,790
- The Dow Chemical Company Employees' Savings Plan $10.8B · 17,128
- The General Motors Personal Savings Plan for Hourly-Rate Employees in the United States $9.6B · 42,513
- Ford Motor Co. Tax-Efficient Savings Plan for Hourly Employees $8.3B · 60,497
Similar-Sized 401(k) Plans Nationally
401(k) plans in other states closest to Sterling Bank & Trust 401(k) Plan by total assets, not by location.
- Blupeak Credit Union 401(k) & Benefit Sharing Plan (CA) $29M · 115
- Sun Motor Cars, Inc. Savings Plan (PA) $29M · 271
- Versova Management Company 401(k) Plan (IA) $29M · 1,253
- Innovation Industries, Inc. 401(k) Plan and Trust (AR) $29M · 249
Frequently Asked Questions
How did Sterling Bank & Trust 401(k) Plan assets move in 2024? ▼
How have Sterling Bank & Trust Fsb plan assets changed over time? ▼
Where does Sterling Bank & Trust 401(k) Plan rank by assets among Form 5500 filers? ▼
Which 401(k) plans are similar in size to Sterling Bank & Trust 401(k) Plan? ▼
Next read for Sterling Bank & Trust 401(k) Plan
Filing takeaways
Ways to act on Sterling Bank & Trust 401(k) Plan's numbers.
- By total assets, Sterling Bank & Trust 401(k) Plan ranks in the top quartile of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar 401(k) plans in Michigan. Compare plans
- Sterling Bank & Trust Fsb's sponsor-wide assets have grown 30.3% since 2022 across 3 plan years on file. More Finance & Insurance plans