Webster Bank 401(k) match, vesting and fees
What Webster Bank's 401(k) plan says about matching contributions
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Fidelity Investments Institutional | Schedule C ↗ |
| Independent auditor | Weaver and Tidwell LLP (unmodified opinion) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
How the plan compares
Plan year 2025 medians for 27 defined-contribution plans in finance and insurance with 5,000 to 9,999 participants.
| Webster Bank: employer contribution per participant | $3,569 | |
| Peer median | $3,569 |
| Webster Bank: average balance | $201,890 | |
| Peer median | $136,119 |
| Webster Bank: admin expenses ÷ assets | 0.02% | |
| Peer median | 0.05% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $719M at the end of plan year 2021 to $1.3B at the end of plan year 2025.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2025 | 6,552 | $1.3B | $22.7M | $3,569 | 0.02% | Not published | Form 5500 ↗ |
| 2024 | 6,678 | $1.1B | $20.9M | $3,221 | 0.02% | Not published | Form 5500 ↗ |
| 2023 | 5,648 | $1B | $13.2M | $2,336 | <0.01% | Not published | Form 5500 ↗ |
| 2022 | 4,964 | $576M | $12.3M | $2,617 | 0.01% | Not published | Form 5500 ↗ |
| 2021 | 5,303 | $719M | $13.2M | $2,920 | 0.01% | Not published | Form 5500 ↗ |
Other Webster Bank plans (2)
Each plan files its own Form 5500. Figures are from each plan's latest filing.
Webster Bank Pension Plan
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Independent auditor | Weaver and Tidwell LLP (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | Pension (defined benefit) · Frozen | Form 5500 ↗ |
Sterling National Bank 401(k) and Profit Sharing Plan
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Principal Life Insurance Company | Schedule C ↗ |
| Independent auditor | Weaver and Tidwell LLP (unmodified opinion) | Schedule H ↗ |
| Plan type and status | 401(k) · Terminated (final filing) | Form 5500 ↗ |
| Late participant contributions | Reported on the filing | Schedule H ↗ |
Common questions
Does Webster Bank match 401(k) contributions?
The match terms for the Webster Bank Retirement Savings Plan have not been published from its filing yet. The plan year 2025 filing reports $22.7M in employer contributions, about $3,569 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Webster Bank 401(k) match vested?
The vesting schedule for the Webster Bank Retirement Savings Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Webster Bank 401(k)?
The recordkeeper listed on Schedule C of the plan year 2025 filing is Fidelity Investments Institutional. The plan administrator is Webster Bank, N.A..
I left Webster Bank. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Webster Bank, N.A., (516) 327-7503) or the recordkeeper, Fidelity Investments Institutional. The Webster Bank old 401(k) page lists the contacts from every plan filing. Find an old Webster Bank 401(k)
Data from the public Form 5500 annual reports Webster Bank filed with the U.S. Department of Labor (plan years 2021 and 2022 and 2023 and 2024 and 2025) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Webster Bank. Not financial advice. Report a correction · Methodology