Other
2023 plan-year Other DOL Form 5500

KEARNY BANK EMPLOYEE STOCK OWNERSHIP PLAN

ERISA Form 5500 plan record drawn from DOL EBSA — verify with linked source filings below.

KEARNY BANK

This Other plan holds $44M in total assets and serves 417 participants as of 2023. It is sponsored by KEARNY BANK in New Jersey. The plan reported a net loss of $4M for the year.

Total Assets (2023)
$44M
Participants
417
State
Industry
Finance & Insurance

What the Filing Says About KEARNY BANK EMPLOYEE STOCK OWNERSHIP PLAN

KEARNY BANK EMPLOYEE STOCK OWNERSHIP PLAN is a Other retirement plan sponsored by KEARNY BANK, headquartered in New Jersey. As of the 2023 Form 5500 filing, the plan reports $44M in total end-of-year assets and covers 417 participants across the Finance & Insurance industry. The sponsor's EIN on file with the U.S. Department of Labor is 221032860, and the plan has been effective since 2005-01-01. Its filing status is currently FILING RECEIVED.

Year over year, total assets moved from $50M at the beginning of 2023 to $44M at year-end — a decline of 11.8%. Net assets (after liabilities) closed the year at $19M, with reported net income of $-3,861,068 driven by investment returns, contributions received, and benefit payments during the period. These figures reflect what the plan administrator certified on Schedule H or Schedule I of the Form 5500 annual return and can be compared against 2 prior plan-year filings from the same sponsor shown below.

Asset totals and participant counts reflect a single plan year snapshot and can change materially with market conditions, plan mergers, or workforce changes. Fields such as "net income" include both realized investment performance and contribution/distribution flows — a single-year figure does not by itself indicate plan health or participant outcomes. This page summarizes public DOL disclosures for research and educational purposes only and is not retirement, tax, legal, or financial advice. Before making decisions about your own retirement benefits or evaluating an employer's plan, verify the underlying filing directly via the DOL EFAST2 system and consult a qualified professional.

Financial Summary (2023)

Total Assets (Beginning of Year)$50M
Total Assets (End of Year)$44M
Net Assets (End of Year)$19M
Net Income$-3,861,068
Plan TypeOther
Employer EIN221032860
Plan Effective Date2005-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (KEARNY BANK)

Year Plans Participants Total Assets
2022 2 1,007 $103M
2023 2 945 $102M
2024 2 937 $98M

Nearby Other Plans in New Jersey

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

Frequently Asked Questions

How much money is in the KEARNY BANK EMPLOYEE STOCK OWNERSHIP PLAN?
As of the 2023 Form 5500 filing, KEARNY BANK EMPLOYEE STOCK OWNERSHIP PLAN holds $44M in total assets with 417 participants. It is sponsored by KEARNY BANK.
What type of plan is KEARNY BANK EMPLOYEE STOCK OWNERSHIP PLAN?
KEARNY BANK EMPLOYEE STOCK OWNERSHIP PLAN is a Other plan. It has been effective since 2005-01-01. The plan is filed with the U.S. Department of Labor under EIN 221032860.
Who sponsors the KEARNY BANK EMPLOYEE STOCK OWNERSHIP PLAN?
KEARNY BANK EMPLOYEE STOCK OWNERSHIP PLAN is sponsored by KEARNY BANK, located in New Jersey. The sponsor's EIN is 221032860 and the plan operates in the Finance & Insurance industry.
How did KEARNY BANK EMPLOYEE STOCK OWNERSHIP PLAN perform in 2023?
KEARNY BANK EMPLOYEE STOCK OWNERSHIP PLAN declined by 11.8% during 2023, moving from $50M to $44M in total assets. Net income was $-3,861,068.
Where can I find official filings for KEARNY BANK EMPLOYEE STOCK OWNERSHIP PLAN?
Official Form 5500 filings for KEARNY BANK EMPLOYEE STOCK OWNERSHIP PLAN are available through the U.S. Department of Labor's EFAST2 system. Search by EIN 221032860 or plan name at efast.dol.gov.
How does KEARNY BANK EMPLOYEE STOCK OWNERSHIP PLAN compare to other plans?
You can compare KEARNY BANK EMPLOYEE STOCK OWNERSHIP PLAN against other Other plans on the plan type page, or view plans in New Jersey on the state page. PlainRetire tracks the 5,000 largest retirement plans in the U.S. by total assets.

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Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

Source: DOL EFAST2 filing system (efast.dol.gov) — original filing retrieval by EIN 221032860.

Reference: IRS Publication 560 — Retirement Plans for Small Business, contribution-limit rules.

Reference: IRS Publication 590-B — Distributions from IRAs, RMD rules under SECURE Act 2.0.

Data sourced from official public datasets. See our methodology for details.