ESOP · DOL Form 5500 · 2022

Magyar Bank ESOP

Data updated 2026-08-25

$6M
Total assets Small plan by assets
85
Participants Small participant base
55th
Percentile by assets National rank
$72,771
Avg per participant Below avg balance/head
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Official DOL plan name: Magyar Bank Employee Stock Ownership Plan · Sponsored by Magyar Bank · New Jersey · Finance & Insurance

$6M in assets, 85 participants

Magyar Bank's Magyar Bank Employee Stock Ownership Plan reported $6M in total assets and 85 participants in its 2022 DOL Form 5500 filing, ranking in the 55th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.

  • #3,582 in Finance & Insurance (9,261 peers)

Magyar Bank multi-year trail

Magyar Bank's plans moved +23.2% in assets from 2022 to 2024; this filing shows Magyar Bank Employee Stock Ownership Plan at $6M / 85 participants.

#3,582
in Finance & Insurance (9,261 peers)
+2.4%
assets growth YoY

Magyar Bank Employee Stock Ownership Plan's mid-pack asset rank among Finance & Insurance and all filers

Magyar Bank Employee Stock Ownership Plan vs every filed plan by assets

End-of-year total assets · plan year 2022 · DOL Form 5500

$6,185,524 Top 45% higher than 55% of 139,123 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2022

Magyar Bank Employee Stock Ownership Plan among smaller filed plans by headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Magyar Bank Employee Stock Ownership Plan is a small filing (85 participants) on this national headcount ladder.

Published 5500 schedule card

Filing strip 221085787 · Magyar Bank PY 2022 · ESOP

Magyar Bank Employee Stock Ownership Plan · $6M · 85 · 55th

  • BOOK $6M
  • VS-ST 85
  • BOY 55th
  • SCH ESOP
  • EBSA near Rcm Services, Inc. Employee Stock Ownership Plan
  • PART ind #3582

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with What is an ESOP? → · Plans in New Jersey →

Magyar Bank Employee Stock Ownership Plan in the asset neighbourhood

Magyar Bank Employee Stock Ownership PlanMagyar Bank Employee Stock O…$6MRcm Services, Inc. Employee Stock Ownership PlanRcm Services, Inc. Employee …$6MVarney, Inc Employee Stock Ownership Plan and TrustVarney, Inc Employee Stock O…$6MSaalex Corporation Employee Stock Ownership PlanSaalex Corporation Employee …$6MHolston Glass Company, Inc. Employee Stock Ownership PlanHolston Glass Company, Inc. …$6M
End-of-year total assets ($M) among Magyar Bank Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2022.

Magyar Bank multi-year asset trail

Sponsor-wide plan assets over time

All Magyar Bank plans reported in each filing year

Latest sponsor-wide plan assets
$20M 23.234044721249205% vs 2022
2024 filing year
$16M$18M$20M$22M 202220232024 $16.6M $20.5M ▲ +23.3%
Year Plans Participants Total Assets
2022 2 179 $17M
2023 2 168 $16M
2024 2 178 $20M

Magyar Bank filing trail (2022)

Total Assets (Beginning of Year)$6M
Net Assets (End of Year)$3M
Net Income$238K
Employer EIN221085787
Plan Effective Date2006-01-01
Filing StatusFILING RECEIVED

Nearby ESOP Plans in New Jersey

Peer ESOP plans, same state, same plan type, ranked by total assets.

Magyar Bank Employee Stock Ownership Plan vs. nearby ESOP plans in New Jersey, assets vs. participants Scatter plot of 6 data points. -1000010002000300040005000 -2000200400600 Total assets ($M) Participants Magyar Bank Employee Stock Ownership Plan, Total assets ($M): 6.185524 · Participants: 85Magyar Bank Employee Stock Ownership PlanJohnson and Johnson Retirement Savings Plan, Total assets ($M): 511.419208 · Participants: 3858Johnson and Johnson Retirement Savings PlanOkonite Company Employees Stock Ownership Plan, Total assets ($M): 375.8 · Participants: 1111Okonite Company Employees Stock Ownership PlanMathematica Group Holding Inc. Employee Stock Ownership Plan, Total assets ($M): 303.370516 · Participants: 1383Mathematica Group Holding Inc. Employee Stock Ownership PlanConair LLC Savings and Investment Plan, Total assets ($M): 298.596718 · Participants: 1131Conair LLC Savings and Investment PlanInvestors Bank Amended and Restated Employee Stock Ownership Plan, Total assets ($M): 126.859258 · Participants: 1287Investors Bank Amended and Restated Employee Stock Ownership Plan
Magyar Bank Employee Stock Ownership Plan vs. nearby ESOP plans in New Jersey, assets vs. participants
Compare Magyar Bank Employee Stock Ownership Plan side-by-side with 3 peers →

Magyar Bank Employee Stock Ownership Plan's out-of-state ESOP peers by assets and headcount

Outside New Jersey, the nearest ESOP by assets is Rcm Services, Inc. Employee Stock Ownership Plan in MA ($6M); by covered participants it is Northern Factory Sales, Inc. Employee Stock Ownership Plan and Trust in MN (85 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (85 participants); asset peers above are excluded.

DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Magyar Bank Employee Stock Ownership Plan assets move in 2022? ▼
Magyar Bank Employee Stock Ownership Plan edged up modestly - up 2.4% during 2022, from $6M to $6M. Reported net income was $238K.
How have Magyar Bank plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Magyar Bank's sponsor-wide assets grew 23.2%, from $17M to $20M.
Which ESOP plans are similar in size to Magyar Bank Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is Rcm Services, Inc. Employee Stock Ownership Plan in MA ($6M, 53 participants).
Which ESOP plans cover a similar participant headcount to Magyar Bank Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Northern Factory Sales, Inc. Employee Stock Ownership Plan and Trust in MN (85 participants, $77M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2022.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 221085787.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.