Liberty Bank 401(k) Plan: Login, Facts & Contact Information

Liberty Bank 401(k) Plan Facts

Plan name
LIBERTY BANK 401(K) PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
LIBERTY BANK
Participants
1,004 (823 active employees)
Former employees with a balance
205
Plan assets
$126,031,595 at Dec 31, 2024
Average account balance
$125,405 across 1,005 accounts
Employer contributions
$2,277,344 in plan year 2024 (22% of all contributions)
Recordkeeper
Schwab Retirement Plan Services,inc
Plan year
Jan 1, 2024 – Dec 31, 2024
Plan established
Feb 1, 1985
Employer contributions Automatic enrollment Default investment for undecided participants Participants choose their own investments Self-directed brokerage window Profit sharing Company stock (ESOP)

Source: Form 5500 for plan year 2024 (Jan 1, 2024 – Dec 31, 2024), filed Dec 18, 2025. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2024

  • $10.3 million went into the plan in contributions, $2.28 million of it from the employer (22%).
  • $4.63 million was paid out to participants.
  • Investment and other income added $15.7 million.
  • Administrative expenses were $279,469, about $278 per account.

How the Liberty Bank 401(k) changed, 20192024

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2019860$81.7 million$1.43 million$6.31 million
2020922$90.5 million$1.61 million$9.03 million
2021904$100.8 million$1.66 million$9.01 million
2022892$84.0 million$1.72 million$7.52 million
2023918$105.0 million$1.96 million$5.34 million
20241,004$126.0 million$2.28 million$4.63 million

Liberty Bank 401(k) Contact Information

Phone
860-344-7230
Mailing address
245 LONG HILL ROAD, MIDDLETOWN CT 06457
Plan sponsor
LIBERTY BANK
Employer identification number (EIN)
06-0452570
Plan number
002

Questions about the Liberty Bank 401(k)

Does Liberty Bank contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2024 the employer contributed $2.28 million, 22% of all contributions.

Does the Liberty Bank 401(k) have automatic enrollment?

Yes. The plan reports automatic enrollment of eligible employees.

How many people are in the Liberty Bank 401(k) plan?

1,004 participants at the start of plan year 2024, 823 of them active employees, and 205 former employees who still had money in the plan.

What is the average 401(k) balance at Liberty Bank?

About $125,405 per account: $126.0 million in plan assets across 1,005 accounts with a balance at the end of plan year 2024.

Who manages the Liberty Bank 401(k) accounts?

Schwab Retirement Plan Services (listed on the filing as SCHWAB RETIREMENT PLAN SERVICES,INC) is the plan's recordkeeper, which is where participants log in to see their balance.

I no longer work at Liberty Bank. How do I access my 401(k)?

Your account stays with Schwab Retirement Plan Services after you leave, so you can log in with the same credentials. If your balance was small, the plan may have rolled it into an IRA in your name. If you can't find it, Beagle can locate it for you.

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