Sterling National Bank 401(K) And Profit Sharing Plan — Form 5500 plan (Webster Bank, National Association)
Plain-English plan summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, Sterling National Bank 401(K) And Profit Sharing Plan is a benefit plan reported by Webster Bank, National Association under EIN 06-0273620 and plan number 002. The latest loaded filing year is 2023. The filing reports 2,194 participants and $0 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Webster Bank, National Association
- EIN
- 06-0273620
- Plan number
- 002
- Plan type
- 2
- Location
- Jericho, NY
- Latest filing year
- 2023
- Participants
- 2,194
- End-of-year plan assets
- $0
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 2,194 | H, C | 20241004152541NAL0012389793001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $0
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $0
- Net assets (BOY)
- $345,943,560
Income & contributions
- Employer contributions
- $3,597,201
- Participant contributions
- $12,699,844
- Total contributions
- $16,902,510
- Total income / additions
- $67,574,975
Expenses & distributions
- Benefits paid
- $62,467,032
- Administrative expenses
- $164,318
- Total expenses
- $62,631,350
- Net increase / (decrease)
- $4,943,625
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $164,318 | $3,360 | 2023 |