# Webster Bank, N.A. 401(k) Plan
Source: https://planprovider.pro/companies/webster-bank-n-a-401k-plan

> Webster Bank, N.A.'s 401(k) plan: 4,326 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/fidelity-investments) — RECORDKEEPER

- [WEAVER AND TIDWELL LLP](https://planprovider.pro/provider/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|—|—|—|—|

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[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/webster-bank-n-a-401k-plan)

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