ESOP · DOL Form 5500 · 2023

Kearny Bank ESOP

Data updated 2026-08-25

$44M
Total assets Below avg plan size
417
Participants Below avg headcount
84th
Percentile by assets National rank
$106,031
Avg per participant Below avg balance/head
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Official DOL plan name: Kearny Bank Employee Stock Ownership Plan · Sponsored by Kearny Bank · New Jersey · Finance & Insurance

$44M in assets, 417 participants

Kearny Bank's Kearny Bank Employee Stock Ownership Plan reported $44M in total assets and 417 participants in its 2023 DOL Form 5500 filing, ranking in the 84th 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.

  • #6,722 in Finance & Insurance (8,869 peers)

Coverage in New Jersey

Kearny Bank Employee Stock Ownership Plan covers 417 participants in New Jersey, about 49% of the average New Jersey filer (state average ~844 per filing). Assets: $44M.

#6,722
in Finance & Insurance (8,869 peers)
-11.8%
assets change YoY
0.4×
vs typical plan assets (national mean)

The plan reported a net loss of $4M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

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

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

End-of-year total assets · plan year 2023 · DOL Form 5500

$44,214,770 Top 16% higher than 84% of 127,068 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 2023

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

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Kearny Bank Employee Stock Ownership Plan sits mid-pack in the medium band (417 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Kearny Bank Employee Stock Ownership Plan reported net income rose from -$14M in the plan year 2022 filing to -$4M in the plan year 2023 filing.
  • Kearny Bank Employee Stock Ownership Plan end-of-year assets fell from $50M in the plan year 2022 filing to $44M in the plan year 2023 filing.
  • Kearny Bank Employee Stock Ownership Plan reported participants fell from 472 in the plan year 2022 filing to 417 in the plan year 2023 filing.

See the national 2022→2023 release diff →

DOL schedule card

Filing strip 221032860 · Kearny Bank PY 2023 · ESOP

Kearny Bank Employee Stock Ownership Plan · $44M · 417 · 84th

  • SCH $44M
  • SCH 417
  • SCH 84th
  • SCH ESOP
  • SCH near John Henry Foster Company Employee Stock Ownership Plan
  • SCH ind #6722

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 →

Kearny Bank Employee Stock Ownership Plan in the asset neighbourhood

Cfd Research Corporation Employee Stock Ownership PlanCfd Research Corporation Emp…$44MKearny Bank Employee Stock Ownership PlanKearny Bank Employee Stock O…$44MJohn Henry Foster Company Employee Stock Ownership PlanJohn Henry Foster Company Em…$44MKenny Seng Construction Employee Stock Ownership PlanKenny Seng Construction Empl…$44MKe&g Construction, Inc. Employee Stock Ownership PlanKe&g Construction, Inc. Empl…$44M
End-of-year total assets ($M) among Kearny Bank Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2023.

New Jersey filing particulars

Total Assets (Beginning of Year)$50M
Net Assets (End of Year)$19M
Net Income-$4M
Employer EIN221032860
Plan Effective Date2005-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Kearny Bank)

Sponsor-wide plan assets over time

All Kearny Bank plans reported in each filing year

Latest sponsor-wide plan assets
$98M 5.042486232585026% vs 2022
2024 filing year
$96M$98M$100M$102M$104M 202220232024 $103M $97.6M ▼ -5.0%
Year Plans Participants Total Assets
2022 2 1,007 $103M
2023 2 945 $102M
2024 2 937 $98M

Nearby ESOP Plans in New Jersey

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

Kearny Bank Employee Stock Ownership Plan vs. nearby ESOP plans in New Jersey, assets vs. participants Scatter plot of 6 data points. 0500100015002000 0100200300400500 Total assets ($M) Participants Kearny Bank Employee Stock Ownership Plan, Total assets ($M): 44.21477 · Participants: 417Kearny Bank Employee Stock Ownership PlanOkonite Company Employees Stock Ownership Plan, Total assets ($M): 420.904787 · Participants: 1127Okonite Company Employees Stock Ownership PlanMathematica Group Holding Inc. Employee Stock Ownership Plan, Total assets ($M): 309.109417 · Participants: 1571Mathematica Group Holding Inc. Employee Stock Ownership PlanConair LLC Savings and Investment Plan, Total assets ($M): 300.696739 · Participants: 1050Conair LLC Savings and Investment PlanAmboy Bancorporation Employee Stock Ownership Plan, Total assets ($M): 106.542135 · Participants: 193Amboy Bancorporation Employee Stock Ownership PlanColumbia Bank Employee Stock Ownership Plan, Total assets ($M): 85.571031 · Participants: 729Columbia Bank Employee Stock Ownership Plan
Kearny Bank Employee Stock Ownership Plan vs. nearby ESOP plans in New Jersey, assets vs. participants
Compare Kearny Bank Employee Stock Ownership Plan side-by-side with 3 peers →

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

Outside New Jersey, the nearest ESOP by assets is John Henry Foster Company Employee Stock Ownership Plan in MO ($44M); by covered participants it is Gutchess Lumber Employee Stock Ownership Plan in NY (418 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (417 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Kearny Bank Employee Stock Ownership Plan assets move in 2023? ▼
Kearny Bank Employee Stock Ownership Plan pulled back noticeably - down 11.8% during 2023, from $50M to $44M. Reported net income was -$4M.
How have Kearny Bank plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Kearny Bank's sponsor-wide assets declined 5.0%, from $103M to $98M.
Where does Kearny Bank Employee Stock Ownership Plan rank by assets among Form 5500 filers? ▼
Kearny Bank Employee Stock Ownership Plan ranks in the 84th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top quartile of all filed plans by assets).
Which ESOP plans are similar in size to Kearny Bank Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is John Henry Foster Company Employee Stock Ownership Plan in MO ($44M, 192 participants).
Which ESOP plans cover a similar participant headcount to Kearny Bank Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Gutchess Lumber Employee Stock Ownership Plan in NY (418 participants, $23M in assets).

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.

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.