Defined Benefit (Pension) · DOL Form 5500 · 2024

Ascend Bank Pension Plan

Data updated 2026-08-25

$4M
Total assets Small plan by assets
N/A
Participants Small participant base
40th
Percentile by assets National rank
PlainRetire home → About this data RSS: change history

Official DOL plan name: The Retirement Plan for Employees of the Guilford Savings Bank · Sponsored by Ascend Bank · Connecticut · Finance & Insurance

$4M in assets, N/A participants

Ascend Bank's The Retirement Plan for Employees of the Guilford Savings Bank reported $4M in total assets and N/A participants in its 2024 DOL Form 5500 filing, ranking in the 40th 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.

  • #2,286 in Finance & Insurance (8,549 peers)

Ascend Bank multi-year trail

Ascend Bank's plans moved +30.2% in assets from 2022 to 2024; this filing shows The Retirement Plan for Employees of the Guilford Savings Bank at $4M / N/A participants.

#2,286
in Finance & Insurance (8,549 peers)
-1.1%
assets change YoY

The plan reported a net loss of $51K for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

The Retirement Plan for Employees of the Guilford Savings Bank's mid-pack asset rank among Finance & Insurance and all filers

The Retirement Plan for Employees of the Guilford Savings Bank vs every filed plan by assets

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

$4,461,399 40th percentile higher than 40% 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

Filed plans by participant headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets.

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • The Retirement Plan for Employees of the Guilford Savings Bank reported net income rose from -$179K in the plan year 2023 filing to -$51K in the plan year 2024 filing.
  • The Retirement Plan for Employees of the Guilford Savings Bank end-of-year assets fell from $5M in the plan year 2023 filing to $4M in the plan year 2024 filing.

See the national 2023→2024 release diff →

EBSA filing schedule strip

Filing strip 060377390 · Ascend Bank PY 2024 · Defined Benefit (Pension)

The Retirement Plan for Employees of the Guilford Savings Bank · $4M · N/A · 40th

  • EIN $4M
  • RANK N/A
  • PHOTO 40th
  • IND Defined Benefit (Pension)
  • EOY near Grefco Minerals Inc Pension Plan for Non-Salaried
  • 5500 ind #2286

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 →

The Retirement Plan for Employees of the Guilford Savings Bank in the asset neighbourhood

Wood Wire and Metal Lathing Ind. General Pension Plan & General Pension FundWood Wire and Metal Lathing …$4MThe Retirement Plan for Employees of the Guilford Savings BankThe Retirement Plan for Empl…$4MGrefco Minerals Inc Pension Plan for Non-SalariedGrefco Minerals Inc Pension …$4MRichmond Santa Rosa Vallejo Newspaper Guild Retiremet PlanRichmond Santa Rosa Vallejo …$4MWeinstein Appraisal Group, Inc. Cash Balance PlanWeinstein Appraisal Group, I…$4M
End-of-year total assets ($M) among The Retirement Plan for Employees of the Guilford Savings Bank and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2024.

Ascend Bank multi-year asset trail

Sponsor-wide plan assets over time

All Ascend Bank plans reported in each filing year

Latest sponsor-wide plan assets
$27M 30.152129491943917% vs 2022
2024 filing year
$20M$22M$24M$26M$28M$30M 202220232024 $21.1M $27.5M ▲ +30.2%
Year Plans Participants Total Assets
2022 2 140 $21M
2023 2 136 $24M
2024 2 155 $27M

Ascend Bank filing trail (2024)

Total Assets (Beginning of Year)$5M
Net Assets (End of Year)$4M
Net Income-$51K
Employer EIN060377390
Plan Effective Date1949-04-01
Filing StatusFILING RECEIVED

Nearby Defined Benefit (Pension) Plans in Connecticut

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

The Retirement Plan for Employees of the Guilford Savings Bank vs. nearby Defined Benefit (Pension) plans in Connecticut, assets vs. participants Scatter plot of 6 data points. -10000010000200003000040000 -1001020304050 Total assets ($B) Participants The Retirement Plan for Employees of the Guilford Savings Bank, Total assets ($B): 0.004461399 · Participants: 0The Retirement Plan for Employees of the Guilford Savings BankRtx 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
The Retirement Plan for Employees of the Guilford Savings Bank vs. nearby Defined Benefit (Pension) plans in Connecticut, assets vs. participants
Compare The Retirement Plan for Employees of the Guilford Savings Bank side-by-side with 3 peers →

The Retirement Plan for Employees of the Guilford Savings Bank's closest out-of-state Defined Benefit (Pension) peers by assets

Outside Connecticut, the nearest Defined Benefit (Pension) by end-of-year assets is Grefco Minerals Inc Pension Plan for Non-Salaried in PA at $4M (this filing: $4M).

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 The Retirement Plan for Employees of the Guilford Savings Bank assets move in 2024? ▼
The Retirement Plan for Employees of the Guilford Savings Bank edged down modestly - down 1.1% during 2024, from $5M to $4M. Reported net income was -$51K.
How have Ascend Bank plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Ascend Bank's sponsor-wide assets grew 30.2%, from $21M to $27M.
Which Defined Benefit (Pension) plans are similar in size to The Retirement Plan for Employees of the Guilford Savings Bank? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Grefco Minerals Inc Pension Plan for Non-Salaried in PA ($4M, N/A participants).

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 060377390.

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.