ESOP · DOL Form 5500 · 2023
Kearny Bank ESOP
Data updated 2026-08-11
- $44M
- Total assets
- 417
- Participants
- 84th
- Percentile by assets
- $106,031
- Avg per participant
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.
- 84th percentile by assets (of 127,072 plans)
- #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.
- $44M
- total plan assets (2023 EOY)
- 417
- covered participants
- 84th
- percentile by assets (of 127,072 plans)
- $106,031
- avg assets per participant
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.
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.
Participants vs New Jersey filers
In New Jersey, the average filing covers about 844 participants across 4,145 plans. Kearny Bank Employee Stock Ownership Plan reports 417 participants - about 49% of that state average ($44M EOY assets).
New Jersey filing particulars
| Total Assets (Beginning of Year) | $50M |
|---|---|
| Net Assets (End of Year) | $19M |
| Net Income | -$4M |
| Employer EIN | 221032860 |
| Plan Effective Date | 2005-01-01 |
| Filing Status | FILING 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 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
- Okonite Company Employees Stock Ownership Plan $421M · 1,127
- Mathematica Group Holding Inc. Employee Stock Ownership Plan $309M · 1,571
- Conair LLC Savings and Investment Plan $301M · 1,050
- Amboy Bancorporation Employee Stock Ownership Plan $107M · 193
- Columbia Bank Employee Stock Ownership Plan $86M · 729
Similar-Sized ESOP Plans Nationally
ESOP plans in other states closest to Kearny Bank Employee Stock Ownership Plan by total assets, not by location.
Frequently Asked Questions
How did Kearny Bank Employee Stock Ownership Plan assets move in 2023? ▼
How have Kearny Bank plan assets changed over time? ▼
Where does Kearny Bank Employee Stock Ownership Plan rank by assets among Form 5500 filers? ▼
Which ESOP plans are similar in size to Kearny Bank Employee Stock Ownership Plan? ▼
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Filing takeaways
Ways to act on Kearny Bank Employee Stock Ownership Plan's numbers.
- By total assets, Kearny Bank Employee Stock Ownership Plan ranks in the top quartile of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar ESOP plans in New Jersey. Compare plans
- Kearny Bank's sponsor-wide assets have declined 5.0% since 2022 across 3 plan years on file. More Finance & Insurance plans