Employers › Webster Bank

Webster Bank 401(k)

Finance and insurance
Jericho, NY
EIN 06-0273620
2 plans with Schedule H financials
Plan year 2024
Webster Bank, N.A.
SEC registrant Webster Bank, N. A.

Recordkeeping fees per participant · largest plan, Webster Bank Retirement Savings Plan · plan year 2024

$32.06

Higher than 46% of the 790 plans over $1B that report it.

Source

= $208,385 / 6,499
Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250917092025NAL0000429426001, received 2025-09-17
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250917092025NAL0000429426001, received 2025-09-17

10th: $6.72median $34.2890th: $56.58

Percentiles compare this plan with the Schedule H plans over $1B in assets of the same plan year, excluding final filings; shown only where at least 50 comparable plans report the figure. Plan year 2024-01-01 to 2024-12-31, filing received 2025-09-17.

Largest plan, all six figures: Webster Bank Retirement Savings Plan

Recordkeeping fees per participantheadline

$32.06

10th: $6.72median $34.2890th: $56.58

Higher than 46% of the 790 plans over $1B that report it.

Source

Administrative expenses excluding investment management, per participant

$38.43

10th: $9.43median $44.4790th: $97.55

Higher than 37% of the 1,045 plans over $1B that report it.

Source

= $249,785 / 6,499
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250917092025NAL0000429426001, received 2025-09-17
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250917092025NAL0000429426001, received 2025-09-17

Administrative expenses per participant

$38.43

10th: $24.33median $70.0390th: $174.36

Higher than 19% of the 1,076 plans over $1B that report it.

Source

= $249,785 / 6,499
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250917092025NAL0000429426001, received 2025-09-17
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250917092025NAL0000429426001, received 2025-09-17

Administrative expenses as a share of assets

0.022%

10th: 0.013%median 0.046%90th: 0.111%

Higher than 20% of the 1,076 plans over $1B that report it.

Source

= $249,785 / $1,129,668,892
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250917092025NAL0000429426001, received 2025-09-17
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250917092025NAL0000429426001, received 2025-09-17

Employer contributions per participant

$3,221

10th: $1,442median $3,74490th: $8,760

Higher than 41% of the 1,135 plans over $1B that report it.

Source

= $20,931,444 / 6,499
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250917092025NAL0000429426001, received 2025-09-17
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250917092025NAL0000429426001, received 2025-09-17

Employer share of total contributions

31.3%

10th: 19.8%median 33.4%90th: 47.5%

Higher than 43% of the 1,135 plans over $1B that report it.

Source

= $20,931,444 / $66,833,346
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250917092025NAL0000429426001, received 2025-09-17
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250917092025NAL0000429426001, received 2025-09-17

Plan terms, as stated in Webster Bank, N.A.'s SEC filings

Plan terms are not published in public filings.

Plans sponsored

Plan	Assets	Participants with a balance	Headline	Year
Webster Bank Retirement Savings Plan	$1,129,668,892	6,499	$32.06 recordkeeping fees per participant	2024
Sterling National Bank 401(k) and Profit Sharing Planfinal filing	$0	0		2023

Alerts, claims and corrections

Sponsor name as filed: WEBSTER BANK, N.A.; SEC registrant: WEBSTER BANK, N. A. (CIK 1105837, matched by EIN).