Plan Snapshot
- Plan Sponsor: Webster Bank, N.A.
- Sponsor EIN: 060273620
- Sponsor Address: ONE JERICHO PLAZA, JERICHO, NY, 11753
- Plan Type: 401(k)
- Total Participants: 4,326
- Total Assets: $1.1B
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 4,326 | $1.1B | $20.9M | $39.9M |
| 2023 | 3,250 | $1.0B | $13.2M | $26.4M |
| 2022 | 2,988 | $575.5M | $12.3M | $23.4M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| FIDELITY INVESTMENTS INSTITUTIONAL | RECORDKEEPER | $211,496 | — | $211,496 |
| WEAVER AND TIDWELL LLP | ACCOUNTANT/AUDITOR | $38,100 | — | $38,100 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
- WEAVER AND TIDWELL LLP — ACCOUNTANT/AUDITOR
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $249,596
- Estimated Expense Ratio: 0.022% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $249,785 | — | $3,300 | $38,100 | — |
| 2023 | $51,993 | — | $900 | — | — |
| 2022 | $83,770 | — | — | — | — |