401(k) · DOL Form 5500 · 2023

Blue Foundry Bank 401(k) Plan

Data updated 2026-08-25

$17M
Total assets Small plan by assets
195
Participants Below avg headcount
69th
Percentile by assets National rank
$84,874
Avg per participant Below avg balance/head
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Official DOL plan name: Blue Foundry Bank 401(k) Plan · Sponsored by Blue Foundry Bank · New Jersey · Finance & Insurance

$17M in assets, 195 participants

Blue Foundry Bank's Blue Foundry Bank 401(k) Plan reported $17M in total assets and 195 participants in its 2023 DOL Form 5500 filing, ranking in the 69th 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.

  • #4,856 in Finance & Insurance (8,869 peers)

Coverage in New Jersey

Blue Foundry Bank 401(k) Plan covers 195 participants in New Jersey, about 23% of the average New Jersey filer (state average ~844 per filing). Assets: $17M.

#4,856
in Finance & Insurance (8,869 peers)
+10.0%
assets growth YoY

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

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

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

$16,550,370 Top 31% higher than 69% 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

Blue Foundry Bank 401(k) 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. Blue Foundry Bank 401(k) Plan sits mid-pack in the medium band (195 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Blue Foundry Bank 401(k) Plan reported net income rose from -$2M in the plan year 2022 filing to $2M in the plan year 2023 filing.
  • Blue Foundry Bank 401(k) Plan reported participants rose from 175 in the plan year 2022 filing to 195 in the plan year 2023 filing.
  • Blue Foundry Bank 401(k) Plan end-of-year assets rose from $15M in the plan year 2022 filing to $17M in the plan year 2023 filing.

See the national 2022→2023 release diff →

EBSA filing schedule strip

Filing strip 220780922 · Blue Foundry Bank PY 2023 · 401(k)

Blue Foundry Bank 401(k) Plan · $17M · 195 · 69th

  • BOOK $17M
  • VS-ST 195
  • BOY 69th
  • SCH 401(k)
  • EBSA near 403(b) Thrift Plan for Employees of United Way of Greater Milwaukee and Waukesha County, Inc.
  • PART ind #4856

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 →

Blue Foundry Bank 401(k) Plan in the asset neighbourhood

Blue Foundry Bank 401(k) Plan$17M403(b) Thrift Plan for Employees of United Way of Greater Milwaukee and Waukesha County, Inc.403(b) Thrift Plan for Emplo…$17MBroken Arrow Electric Supply Co., Inc. 401(k) PlanBroken Arrow Electric Supply…$17MJ. F. Allen Company 401(k) Profit Sharing PlanJ. F. Allen Company 401(k) P…$17MCoast to Coast Computer Products, Inc. 401(k) PlanCoast to Coast Computer Prod…$17M
End-of-year total assets ($M) among Blue Foundry Bank 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

New Jersey filing particulars

Total Assets (Beginning of Year)$15M
Net Assets (End of Year)$17M
Net Income$2M
Employer EIN220780922
Plan Effective Date2021-04-01
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 401(k) Plans in New Jersey

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

Blue Foundry 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 ($B) Participants Blue Foundry Bank 401(k) Plan, Total assets ($B): 0.01655037 · Participants: 195Blue Foundry 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
Blue Foundry Bank 401(k) Plan vs. nearby 401(k) plans in New Jersey, assets vs. participants
Compare Blue Foundry Bank 401(k) Plan side-by-side with 3 peers →

Blue Foundry 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 403(b) Thrift Plan for Employees of United Way of Greater Milwaukee and Waukesha County, Inc. in WI ($17M); by covered participants it is The Fall River Group, Inc. Employees' 401(k) Profit Sharing Plan in WI (195 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (195 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 Blue Foundry Bank 401(k) Plan assets move in 2023? ▼
Blue Foundry Bank 401(k) Plan grew at a solid clip - up 10.0% during 2023, from $15M to $17M. Reported net income was $2M.
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.
Which 401(k) plans are similar in size to Blue Foundry Bank 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is 403(b) Thrift Plan for Employees of United Way of Greater Milwaukee and Waukesha County, Inc. in WI ($17M, 86 participants).
Which 401(k) plans cover a similar participant headcount to Blue Foundry Bank 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is The Fall River Group, Inc. Employees' 401(k) Profit Sharing Plan in WI (195 participants, $29M 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 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.