2023 Form 5500 filing — Sterling National Bank 401(K) And Profit Sharing 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 20241004152541NAL0012389793001) for Sterling National Bank 401(K) And Profit Sharing Plan, reported by Webster Bank, National Association under EIN 06-0273620 and plan number 002. It reports 2,194 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
Form 5500 2 · 2023
Filing snapshot
Net assets (EOY)$0Reported net assets
Participants2.2K2,194
Provider compensation$167.7K1 Schedule C row(s)$167,678
Schedules filedSchedule H, Schedule CLoaded schedules
- EFAST2 acknowledgement
- 20241004152541NAL0012389793001
- Plan sponsor
- Webster Bank, National Association
- EIN
- 06-0273620
- Plan number
- 002
- Location
- Jericho, NY
- Received date
- not reported in the loaded dataset
Schedule H · 2023
Reported financial snapshot
Reported figures as filed, in whole dollars. Only fields the filing reports are shown.
Full reported line items
- Total assets (EOY)
- $0
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $0
- Employer contributions
- $3,597,201
- Participant contributions
- $12,699,844
- Total income / additions
- $67,574,975
- Benefits paid
- $62,467,032
- Administrative expenses
- $164,318
- Total expenses
- $62,631,350
- Net increase / (decrease)
- $4,943,625
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $164,318 | $3,360 |