Defined Benefit (Pension) · DOL Form 5500 · 2023

Valley National Bank Pension Plan

Data updated 2026-08-25

$75M
Total assets Below avg plan size
49
Participants Small participant base
89th
Percentile by assets National rank
$1.5M
Avg per participant High balance/head
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Official DOL plan name: Employees' Retirement Income Plan of Bank Leumi USA · Sponsored by Valley National Bank · New Jersey · Finance & Insurance

$75M in assets, 49 participants

Valley National Bank's Employees' Retirement Income Plan of Bank Leumi USA reported $75M in total assets and 49 participants in its 2023 DOL Form 5500 filing, ranking in the 89th 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.

  • #7,386 in Finance & Insurance (8,869 peers)

Where Employees' Retirement Income Plan of Bank Leumi USA sits by assets

Employees' Retirement Income Plan of Bank Leumi USA sits in the top quartile of all filed plans by assets, $75M for 49 participants (~$1.5M/participant), up 77.6% in 2023.

#7,386
in Finance & Insurance (8,869 peers)
+77.6%
assets growth YoY
0.8×
vs typical plan assets (national mean)

Employees' Retirement Income Plan of Bank Leumi USA's outsized position by total assets

Employees' Retirement Income Plan of Bank Leumi USA vs every filed plan by assets

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

$75,339,330 Top 11% higher than 89% 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

Employees' Retirement Income Plan of Bank Leumi USA among smaller filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Employees' Retirement Income Plan of Bank Leumi USA is a small filing (49 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Employees' Retirement Income Plan of Bank Leumi USA reported net income rose from -$17M in the plan year 2022 filing to $33M in the plan year 2023 filing.
  • Employees' Retirement Income Plan of Bank Leumi USA end-of-year assets rose from $42M in the plan year 2022 filing to $75M in the plan year 2023 filing.
  • Employees' Retirement Income Plan of Bank Leumi USA reported participants fell from 63 in the plan year 2022 filing to 49 in the plan year 2023 filing.

See the national 2022→2023 release diff →

EBSA filing schedule strip

Filing strip 221186387 · Valley National Bank PY 2023 · Defined Benefit (Pension)

Employees' Retirement Income Plan of Bank Leumi USA · $75M · 49 · 89th

  • BOY $75M
  • SCH 49
  • EBSA 89th
  • PART Defined Benefit (Pension)
  • TYPE near Retirement Plan of Tennessee Rural Health Improvem
  • NET ind #7386

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 →

Employees' Retirement Income Plan of Bank Leumi USA in the asset neighbourhood

Employees' Retirement Income Plan of Bank Leumi USAEmployees' Retirement Income…$75MRetirement Plan of Tennessee Rural Health ImprovemRetirement Plan of Tennessee…$75MSbera Pension Plan as Adopted by Salem Five Cents Savings BankSbera Pension Plan as Adopte…$75MLiquor Salesmen's Union Local 2 Pension FundLiquor Salesmen's Union Loca…$75MDes Moines Iron Workers Pension TrustDes Moines Iron Workers Pens…$75M
End-of-year total assets ($M) among Employees' Retirement Income Plan of Bank Leumi USA and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2023.

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)$42M
Net Assets (End of Year)$75M
Net Income$33M
Employer EIN221186387
Plan Effective Date1958-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Valley National Bank)

Sponsor-wide plan assets over time

All Valley National Bank plans reported in each filing year

Latest sponsor-wide plan assets
$1.0B 33.443801257382255% vs 2022
2024 filing year
$0.7B$0.8B$0.9B$1B$1.1B 202220232024 $0.76B $1.01B ▲ +32.9%
Year Plans Participants Total Assets
2022 3 4,111 $760M
2023 3 4,225 $910M
2024 3 4,404 $1.0B

Nearby Defined Benefit (Pension) Plans in New Jersey

Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.

Employees' Retirement Income Plan of Bank Leumi USA vs. nearby Defined Benefit (Pension) plans in New Jersey, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000100000 -50510152025 Total assets ($B) Participants Employees' Retirement Income Plan of Bank Leumi USA, Total assets ($B): 0.07533933 · Participants: 49Employees' Retirement Income Plan of Bank Leumi USARetirement Plan of Johnson and Johnson, Total assets ($B): 21.174819996 · Participants: 37749Retirement Plan of Johnson and JohnsonJPMorgan Chase Retirement Plan, Total assets ($B): 16.279006871 · Participants: 90644JPMorgan Chase Retirement PlanNokia Retirement Income Plan, Total assets ($B): 13.864923 · Participants: 7492Nokia Retirement Income PlanThe Prudential Merged Retirement Plan, Total assets ($B): 12.225782081 · Participants: 16230The Prudential Merged Retirement PlanVerizon Pension Plan for Associates, Total assets ($B): 10.930667796 · Participants: 23778Verizon Pension Plan for Associates
Employees' Retirement Income Plan of Bank Leumi USA vs. nearby Defined Benefit (Pension) plans in New Jersey, assets vs. participants
Compare Employees' Retirement Income Plan of Bank Leumi USA side-by-side with 3 peers →

Employees' Retirement Income Plan of Bank Leumi USA's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside New Jersey, the nearest Defined Benefit (Pension) by assets is Retirement Plan of Tennessee Rural Health Improvem in TN ($75M); by covered participants it is Perini Corporation Pension Plan in CA (49 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (49 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 Employees' Retirement Income Plan of Bank Leumi USA assets move in 2023? ▼
Employees' Retirement Income Plan of Bank Leumi USA surged - up 77.6% during 2023, from $42M to $75M. Reported net income was $33M.
How have Valley National Bank plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Valley National Bank's sponsor-wide assets grew 33.4%, from $760M to $1.0B.
Where does Employees' Retirement Income Plan of Bank Leumi USA rank by assets among Form 5500 filers? ▼
Employees' Retirement Income Plan of Bank Leumi USA ranks in the 89th 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 Defined Benefit (Pension) plans are similar in size to Employees' Retirement Income Plan of Bank Leumi USA? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Retirement Plan of Tennessee Rural Health Improvem in TN ($75M, 117 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Employees' Retirement Income Plan of Bank Leumi USA? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Perini Corporation Pension Plan in CA (49 participants, $59M 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 221186387.

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.