2023 Form 5500 filing — Webster Bank Retirement Savings Plan
Plain-English filing 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, this is the 2023 Form 5500 filing (EFAST2 acknowledgement 20240912084836NAL0013766640001) for Webster Bank Retirement Savings Plan, reported by Webster Bank, N.A. under EIN 06-0273620 and plan number 003. It reports 4,964 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240912084836NAL0013766640001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Webster Bank, N.A.
- EIN
- 06-0273620
- Plan number
- 003
- Location
- Jericho, NY
- Participants
- 4,964
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $1,019,008,040
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $1,019,008,040
- Employer contributions
- $13,193,451
- Participant contributions
- $26,446,410
- Total income / additions
- $156,791,641
- Benefits paid
- $64,548,140
- Administrative expenses
- $51,993
- Total expenses
- $64,622,375
- Net increase / (decrease)
- $92,169,266
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Fidelity Investments Inst Op Comp | RECORDKEEPER | $51,970 | $0 |