ESOP · DOL Form 5500 · 2022

Provident Bank ESOP

Data updated 2026-08-25

$73M
Total assets Below avg plan size
983
Participants Near avg headcount
91st
Percentile by assets National rank
$74,189
Avg per participant Below avg balance/head
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Official DOL plan name: Provident Bank Employee Stock Ownership Plan · Sponsored by Provident Bank · New Jersey · Finance & Insurance

$73M in assets, 983 participants

Provident Bank's Provident Bank Employee Stock Ownership Plan reported $73M in total assets and 983 participants in its 2022 DOL Form 5500 filing, ranking in the 91st 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.

  • #7,892 in Finance & Insurance (9,261 peers)

Where Provident Bank Employee Stock Ownership Plan sits by assets

Provident Bank Employee Stock Ownership Plan sits in the top 10% of all filed plans by assets, $73M for 983 participants (~$74,189/participant), down 15.7% in 2022.

#7,892
in Finance & Insurance (9,261 peers)
-15.7%
assets change YoY
0.7×
vs typical plan assets (national mean)

The plan reported a net loss of $7M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Provident Bank Employee Stock Ownership Plan's outsized position by total assets

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

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

$72,927,320 Top 9% higher than 91% 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

Provident Bank Employee Stock Ownership Plan among mid-size filed plans by headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Provident Bank Employee Stock Ownership Plan sits mid-pack in the medium band (983 participants).

Published 5500 schedule card

Filing strip 221211130 · Provident Bank PY 2022 · ESOP

Provident Bank Employee Stock Ownership Plan · $73M · 983 · 91st

  • SCH $73M
  • SCH 983
  • SCH 91st
  • SCH ESOP
  • SCH near Great Lakes Construction Co. Employee Stock Ownership Plan
  • SCH ind #7892

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 →

Provident Bank Employee Stock Ownership Plan in the asset neighbourhood

Food Authority Employee Stock Ownership PlanFood Authority Employee Stoc…$73MJ&r Schugel Trucking, Inc. Employee Stock Ownership Plan and TrustJ&r Schugel Trucking, Inc. E…$73MGreenbee Employee Stock Ownership PlanGreenbee Employee Stock Owne…$73MGreat Lakes Construction Co. Employee Stock Ownership PlanGreat Lakes Construction Co.…$73MProvident Bank Employee Stock Ownership PlanProvident Bank Employee Stoc…$73M
End-of-year total assets ($M) among Provident Bank Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2022.

Scale-class filing particulars (2022)

Total Assets (Beginning of Year)$86M
Net Assets (End of Year)$60M
Net Income-$7M
Employer EIN221211130
Plan Effective Date2002-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Provident Bank)

Sponsor-wide plan assets over time

All Provident Bank plans reported in each filing year

Latest sponsor-wide plan assets
$406M 54.51965368048766% vs 2022
2024 filing year
$200M$250M$300M$350M$400M$450M 202220232024 $263M $406M ▲ +54.5%
Year Plans Participants Total Assets
2022 3 2,244 $263M
2023 3 2,182 $276M
2024 4 3,700 $406M

Nearby ESOP Plans in New Jersey

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

Provident Bank Employee Stock Ownership Plan vs. nearby ESOP plans in New Jersey, assets vs. participants Scatter plot of 6 data points. 010002000300040005000 0100200300400500600 Total assets ($M) Participants Provident Bank Employee Stock Ownership Plan, Total assets ($M): 72.92732 · Participants: 983Provident 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
Provident Bank Employee Stock Ownership Plan vs. nearby ESOP plans in New Jersey, assets vs. participants
Compare Provident Bank Employee Stock Ownership Plan side-by-side with 3 peers →

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

Outside New Jersey, the nearest ESOP by assets is Great Lakes Construction Co. Employee Stock Ownership Plan in OH ($73M); by covered participants it is Insurance Office of America, Inc. Employee Stock Ownership Plan in FL (978 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (983 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 Provident Bank Employee Stock Ownership Plan assets move in 2022? ▼
Provident Bank Employee Stock Ownership Plan declined sharply - down 15.7% during 2022, from $86M to $73M. Reported net income was -$7M.
How have Provident Bank plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Provident Bank's sponsor-wide assets grew 54.5%, from $263M to $406M.
Where does Provident Bank Employee Stock Ownership Plan rank by assets among Form 5500 filers? ▼
Provident Bank Employee Stock Ownership Plan ranks in the 91st percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (in the top 10% of all filed plans by assets).
Which ESOP plans are similar in size to Provident Bank Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is Great Lakes Construction Co. Employee Stock Ownership Plan in OH ($73M, 122 participants).
Which ESOP plans cover a similar participant headcount to Provident Bank Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Insurance Office of America, Inc. Employee Stock Ownership Plan in FL (978 participants, $8M 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 221211130.

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.