ESOP · DOL Form 5500 · 2022

Blue Foundry Bank ESOP

Data updated 2026-08-11

$29M
Total assets
105
Participants
83rd
Percentile by assets
$279,041
Avg per participant
PlainRetire home → About this data

Official DOL plan name: Blue Foundry Bank Employee Stock Ownership Plan · Sponsored by Blue Foundry Bank · New Jersey · Finance & Insurance

$29M in assets, 105 participants

Blue Foundry Bank's Blue Foundry Bank Employee Stock Ownership Plan reported $29M in total assets and 105 participants in its 2022 DOL Form 5500 filing, ranking in the 83rd 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.

  • 83rd percentile by assets (of 139,126 plans)
  • #6,655 in Finance & Insurance (9,261 peers)

Coverage in New Jersey

Blue Foundry Bank Employee Stock Ownership Plan covers 105 participants in New Jersey, about 12% of the average New Jersey filer (state average ~844 per filing). Assets: $29M.

$29M
total plan assets (2022 EOY)
105
covered participants
83rd
percentile by assets (of 139,126 plans)
$279,041
avg assets per participant

The plan reported a net loss of $3M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Where Blue Foundry Bank Employee Stock Ownership Plan sits by total assets

Blue Foundry Bank Employee Stock Ownership Plan vs every filed plan by assets

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

$29,299,310 Top 17% higher than 83% of 139,123 filed plans

This plan $0 $2,010,000,000 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

State
New Jersey
Industry
Finance & Insurance

Participants vs New Jersey filers

In New Jersey, the average filing covers about 844 participants across 4,145 plans. Blue Foundry Bank Employee Stock Ownership Plan reports 105 participants - about 12% of that state average ($29M EOY assets).

New Jersey filing particulars

Total Assets (Beginning of Year)$33M
Net Assets (End of Year)$8M
Net Income-$3M
Employer EIN220780922
Plan Effective Date2021-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Blue Foundry Bank)

$36M$38M$40M$42M$44M$46M 202220232024 $44.3M $40.8M ▼ -7.9%
Total plan assets by year, all Blue Foundry Bank plans on file
Year Plans Participants Total Assets
2022 2 280 $44M
2023 2 298 $39M
2024 2 317 $41M

Nearby ESOP Plans in New Jersey

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

Blue Foundry Bank Employee Stock Ownership Plan vs. nearby ESOP plans in New Jersey, assets vs. participants Scatter plot of 6 data points. -1000010002000300040005000 0200400600 Total assets ($M) Participants Blue Foundry Bank Em…, Total assets ($M): 29.29931 · Participants: 105Blue Foundry Bank Em…Johnson and Johnson …, Total assets ($M): 511.419208 · Participants: 3858Johnson and Johnson …Okonite Company Empl…, Total assets ($M): 375.8 · Participants: 1111Okonite Company Empl…Mathematica Group Ho…, Total assets ($M): 303.370516 · Participants: 1383Mathematica Group Ho…Conair LLC Savings a…, Total assets ($M): 298.596718 · Participants: 1131Conair LLC Savings a…Investors Bank Amend…, Total assets ($M): 126.859258 · Participants: 1287Investors Bank Amend…
Blue Foundry Bank Employee Stock Ownership Plan vs. nearby ESOP plans in New Jersey, assets vs. participants
Compare Blue Foundry Bank Employee Stock Ownersh… side-by-side with 3 peers →

Similar-Sized ESOP Plans Nationally

ESOP plans in other states closest to Blue Foundry Bank Employee Stock Ownership Plan by total assets, not by location.

Frequently Asked Questions

How did Blue Foundry Bank Employee Stock Ownership Plan assets move in 2022? ▼
Blue Foundry Bank Employee Stock Ownership Plan pulled back noticeably - down 12.2% during 2022, from $33M to $29M. Reported net income was -$3M.
How have Blue Foundry Bank plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Blue Foundry Bank's sponsor-wide assets declined 7.9%, from $44M to $41M.
Where does Blue Foundry Bank Employee Stock Ownership Plan rank by assets among Form 5500 filers? ▼
Blue Foundry Bank Employee Stock Ownership Plan ranks in the 83rd percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (in the top quartile of all filed plans by assets).
Which ESOP plans are similar in size to Blue Foundry Bank Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is Malibu Wellness, Inc. Employee Stock Ownership Plan and Trust in IN ($29M, 47 participants).

Next read for Blue Foundry Bank Employee Stock Ownersh…

Filing takeaways

Ways to act on Blue Foundry Bank Employee Stock Ownership Plan's numbers.

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 220780922.

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.