ESOP · DOL Form 5500 · 2023

Provident Bank ESOP

Data updated 2026-08-25

$59M
Total assets Below avg plan size
937
Participants Near avg headcount
87th
Percentile by assets National rank
$62,647
Avg per participant Low balance/head
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Official DOL plan name: Provident Bank Employee Stock Ownership Plan · Sponsored by Provident Bank · New Jersey · Finance & Insurance

$59M in assets, 937 participants

Provident Bank's Provident Bank Employee Stock Ownership Plan reported $59M in total assets and 937 participants in its 2023 DOL Form 5500 filing, ranking in the 87th 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.

  • #7,106 in Finance & Insurance (8,869 peers)

Where Provident Bank Employee Stock Ownership Plan sits by assets

Provident Bank Employee Stock Ownership Plan sits in the top quartile of all filed plans by assets, $59M for 937 participants (~$62,647/participant), down 19.5% in 2023.

#7,106
in Finance & Insurance (8,869 peers)
-19.5%
assets change YoY
0.6×
vs typical plan assets (national mean)

The plan reported a net loss of $7M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

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

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

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

$58,699,800 Top 13% higher than 87% 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 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. Provident Bank Employee Stock Ownership Plan sits mid-pack in the medium band (937 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Provident Bank Employee Stock Ownership Plan end-of-year assets fell from $73M in the plan year 2022 filing to $59M in the plan year 2023 filing.
  • Provident Bank Employee Stock Ownership Plan reported net income fell from -$7M in the plan year 2022 filing to -$7M in the plan year 2023 filing.
  • Provident Bank Employee Stock Ownership Plan reported participants fell from 983 in the plan year 2022 filing to 937 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Form 5500 schedule snapshot

Filing strip 221211130 · Provident Bank PY 2023 · ESOP

Provident Bank Employee Stock Ownership Plan · $59M · 937 · 87th

  • 5500 $59M
  • 5500 937
  • 5500 87th
  • 5500 ESOP
  • 5500 near Holloman Corporation Employee Stock Ownership Plan
  • 5500 ind #7106

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 →

Provident Bank Employee Stock Ownership Plan in the asset neighbourhood

Garden Design, Inc. Employee Stock Ownership PlanGarden Design, Inc. Employee…$59MProvident Bank Employee Stock Ownership PlanProvident Bank Employee Stoc…$59MHolloman Corporation Employee Stock Ownership PlanHolloman Corporation Employe…$59MPpic Employee Stock Ownership PlanPpic Employee Stock Ownershi…$59MMayville Engineering Company, Inc. Employee Stock Ownership PlanMayville Engineering Company…$59M
End-of-year total assets ($M) among Provident Bank Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2023.

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)$73M
Net Assets (End of Year)$52M
Net Income-$7M
Employer EIN221211130
Plan Effective Date2002-01-01
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 ESOP Plans in New Jersey

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

Provident 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 ($M) Participants Provident Bank Employee Stock Ownership Plan, Total assets ($M): 58.6998 · Participants: 937Provident 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
Provident Bank Employee Stock Ownership Plan vs. nearby ESOP plans in New Jersey, assets vs. participants
Compare Provident Bank Employee Stock Ownership Plan side-by-side with 3 peers →

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

Outside New Jersey, the nearest ESOP by assets is Holloman Corporation Employee Stock Ownership Plan in TX ($59M); by covered participants it is VI-Jon Employee Stock Ownership Plan in MO (940 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (937 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 Employee Stock Ownership Plan assets move in 2023? ▼
Provident Bank Employee Stock Ownership Plan declined sharply - down 19.5% during 2023, from $73M to $59M. Reported net income was -$7M.
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 Employee Stock Ownership Plan rank by assets among Form 5500 filers? ▼
Provident Bank Employee Stock Ownership Plan ranks in the 87th 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 Provident Bank Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is Holloman Corporation Employee Stock Ownership Plan in TX ($59M, 183 participants).
Which ESOP plans cover a similar participant headcount to Provident Bank Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is VI-Jon Employee Stock Ownership Plan in MO (940 participants, $154M 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.