401(k) · DOL Form 5500 · 2023

Provident Bank 401(k) Plan

Data updated 2026-08-25

$164M
Total assets Near avg plan size
1,150
Participants Near avg headcount
94th
Percentile by assets National rank
$142,852
Avg per participant Near avg balance/head
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Official DOL plan name: Provident Bank 401(k) Plan · Sponsored by Provident Bank · New Jersey · Finance & Insurance

$164M in assets, 1,150 participants

Provident Bank's Provident Bank 401(k) Plan reported $164M in total assets and 1,150 participants in its 2023 DOL Form 5500 filing, ranking in the 94th 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.

  • #8,024 in Finance & Insurance (8,869 peers)

Where Provident Bank 401(k) Plan sits by assets

Provident Bank 401(k) Plan sits in the top 10% of all filed plans by assets, $164M for 1,150 participants (~$142,852/participant), up 15.8% in 2023.

#8,024
in Finance & Insurance (8,869 peers)
+15.8%
assets growth YoY
1.6×
vs typical plan assets (national mean)

Provident Bank 401(k) Plan's outsized position by total assets

Provident Bank 401(k) Plan vs every filed plan by assets

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

$164,279,353 Top 6% higher than 94% 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

Provident Bank 401(k) Plan's large-plan peer group by participant headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Provident Bank 401(k) Plan lands in the large band (1,150 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Provident Bank 401(k) Plan reported net income rose from -$25M in the plan year 2022 filing to $22M in the plan year 2023 filing.
  • Provident Bank 401(k) Plan end-of-year assets rose from $142M in the plan year 2022 filing to $164M in the plan year 2023 filing.

See the national 2022→2023 release diff →

Form 5500 schedule snapshot

Filing strip 221211130 · Provident Bank PY 2023 · 401(k)

Provident Bank 401(k) Plan · $164M · 1,150 · 94th

  • IND $164M
  • IND 1,150
  • IND 94th
  • IND 401(k)
  • IND near Orthomidwest, PLLC 401(k) Retirement Plan
  • IND ind #8024

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 Finance & Insurance retirement plans → · Plans in New Jersey →

Provident Bank 401(k) Plan in the asset neighbourhood

Hornady Manufacturing Company 401(k) Profit Sharing PlanHornady Manufacturing Compan…$164MSm Energy Company 401(k) Profit Sharing PlanSm Energy Company 401(k) Pro…$164MOrthomidwest, PLLC 401(k) Retirement PlanOrthomidwest, PLLC 401(k) Re…$164MProvident Bank 401(k) Plan$164MTexas Farm Bureau Companies 401(k) PlanTexas Farm Bureau Companies …$164M
End-of-year total assets ($M) among Provident Bank 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)$142M
Net Assets (End of Year)$164M
Net Income$22M
Employer EIN221211130
Plan Effective Date1981-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Provident Bank)

Sponsor-wide plan assets over time

All Provident Bank plans reported in each filing year

Latest sponsor-wide plan assets
$406M 54.51965368048766% vs 2022
2024 filing year
$200M$250M$300M$350M$400M$450M 202220232024 $263M $406M ▲ +54.5%
Year Plans Participants Total Assets
2022 3 2,244 $263M
2023 3 2,182 $276M
2024 4 3,700 $406M

Nearby 401(k) Plans in New Jersey

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Provident Bank 401(k) Plan vs. nearby 401(k) plans in New Jersey, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000200000 -1001020304050 Total assets ($B) Participants Provident Bank 401(k) Plan, Total assets ($B): 0.164279353 · Participants: 1150Provident Bank 401(k) PlanJPMorgan Chase 401(k) Savings Plan, Total assets ($B): 44.552237022 · Participants: 176610JPMorgan Chase 401(k) Savings PlanVerizon Savings Plan for Management Employees, Total assets ($B): 27.825640157 · Participants: 78072Verizon Savings Plan for Management EmployeesJohnson and Johnson Savings Plan, Total assets ($B): 22.177853595 · Participants: 41291Johnson and Johnson Savings PlanErnst & Young Retirement Savings Plan, Total assets ($B): 15.543526764 · Participants: 59346Ernst & Young Retirement Savings PlanMerck US Savings Plan, Total assets ($B): 13.424416176 · Participants: 26850Merck US Savings Plan
Provident Bank 401(k) Plan vs. nearby 401(k) plans in New Jersey, assets vs. participants
Compare Provident Bank 401(k) Plan side-by-side with 3 peers →

Provident Bank 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside New Jersey, the nearest 401(k) by assets is Orthomidwest, PLLC 401(k) Retirement Plan in IL ($164M); by covered participants it is Medpro Group 401(k) & Profit Sharing Plan in IN (1,150 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (1,150 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 Provident Bank 401(k) Plan assets move in 2023? ▼
Provident Bank 401(k) Plan grew sharply - up 15.8% during 2023, from $142M to $164M. Reported net income was $22M.
How have Provident Bank plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Provident Bank's sponsor-wide assets grew 54.5%, from $263M to $406M.
Where does Provident Bank 401(k) Plan rank by assets among Form 5500 filers? ▼
Provident Bank 401(k) Plan ranks in the 94th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top 10% of all filed plans by assets).
Which 401(k) plans are similar in size to Provident Bank 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Orthomidwest, PLLC 401(k) Retirement Plan in IL ($164M, 1,550 participants).
Which 401(k) plans cover a similar participant headcount to Provident Bank 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Medpro Group 401(k) & Profit Sharing Plan in IN (1,150 participants, $309M 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 221211130.

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.