ESOP · DOL Form 5500 · 2022

Blue Foundry Bank ESOP

Data updated 2026-08-25

$29M
Total assets Below avg plan size
105
Participants Small participant base
83rd
Percentile by assets National rank
$279,041
Avg per participant High balance/head
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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.

  • #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.

#6,655
in Finance & Insurance (9,261 peers)
-12.2%
assets change YoY
0.3×
vs typical plan assets (national mean)

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.

Blue Foundry Bank Employee Stock Ownership Plan's outsized position 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 $2,050,000,000 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

Blue Foundry 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. Blue Foundry Bank Employee Stock Ownership Plan sits mid-pack in the medium band (105 participants).

Plan-year Form 5500 strip

Filing strip 220780922 · Blue Foundry Bank PY 2022 · ESOP

Blue Foundry Bank Employee Stock Ownership Plan · $29M · 105 · 83rd

  • PART $29M
  • PART 105
  • PART 83rd
  • PART ESOP
  • PART near Malibu Wellness, Inc. Employee Stock Ownership Plan and Trust
  • PART ind #6655

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 →

Blue Foundry Bank Employee Stock Ownership Plan in the asset neighbourhood

Eileen Fisher, Inc. Employee Stock Ownership PlanEileen Fisher, Inc. Employee…$29MDalco Industries Inc Employee Stock Ownership PlanDalco Industries Inc Employe…$29MEoc, Inc. Employee Stock Ownership PlanEoc, Inc. Employee Stock Own…$29MBlue Foundry Bank Employee Stock Ownership PlanBlue Foundry Bank Employee S…$29MMalibu Wellness, Inc. Employee Stock Ownership Plan and TrustMalibu Wellness, Inc. Employ…$29M
End-of-year total assets ($M) among Blue Foundry Bank Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2022.

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)

Sponsor-wide plan assets over time

All Blue Foundry Bank plans reported in each filing year

Latest sponsor-wide plan assets
$41M 7.919177659748998% vs 2022
2024 filing year
$36M$38M$40M$42M$44M$46M 202220232024 $44.3M $40.8M ▼ -7.9%
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 ($M) Participants Blue Foundry Bank Employee Stock Ownership Plan, Total assets ($M): 29.29931 · Participants: 105Blue Foundry 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
Blue Foundry Bank Employee Stock Ownership Plan vs. nearby ESOP plans in New Jersey, assets vs. participants
Compare Blue Foundry Bank Employee Stock Ownership Plan side-by-side with 3 peers →

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

Outside New Jersey, the nearest ESOP by assets is Malibu Wellness, Inc. Employee Stock Ownership Plan and Trust in IN ($29M); by covered participants it is Cci Holdings, Inc. Employee Stock Ownership Plan in IN (105 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (105 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 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).
Which ESOP plans cover a similar participant headcount to Blue Foundry Bank Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Cci Holdings, Inc. Employee Stock Ownership Plan in IN (105 participants, $63M 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 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.