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, Sandy Spring Bank 401(K) Plan is a benefit plan reported by Sandy Spring Bancorp, Inc under EIN 52-1532952 and plan number 002. The latest loaded filing year is 2023. The filing reports 1,710 participants and $197,936,061 in end-of-year plan assets, where available in the loaded dataset.
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $197,936,061
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $197,936,061
- Net assets (BOY)
- $172,289,782
Income & contributions
- Employer contributions
- $5,960,837
- Participant contributions
- $11,261,741
- Total contributions
- $21,834,034
- Total income / additions
- $46,769,963
Expenses & distributions
- Benefits paid
- $20,988,933
- Administrative expenses
- $134,751
- Total expenses
- $21,123,684
- Net increase / (decrease)
- $25,646,279