Defined Benefit (Pension) · DOL Form 5500 · 2023

Valley National Bank Pension Plan

Data updated 2026-08-25

$256M
Total assets Near avg plan size
687
Participants Below avg headcount
96th
Percentile by assets National rank
$372,884
Avg per participant High balance/head
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Official DOL plan name: Valley National Bank Pension Plan · Sponsored by Valley National Bank · New Jersey · Finance & Insurance

$256M in assets, 687 participants

Valley National Bank's Valley National Bank Pension Plan reported $256M in total assets and 687 participants in its 2023 DOL Form 5500 filing, ranking in the 96th 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.

  • #8,236 in Finance & Insurance (8,869 peers)

Where Valley National Bank Pension Plan sits by assets

Valley National Bank Pension Plan sits in the top 5% of all filed plans by assets, $256M for 687 participants (~$372,884/participant), up 10.0% in 2023.

#8,236
in Finance & Insurance (8,869 peers)
+10.0%
assets growth YoY
2.6×
vs typical plan assets (national mean)

Valley National Bank Pension Plan's outsized position by total assets

Valley National Bank Pension Plan vs every filed plan by assets

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

$256,171,398 Top 4% higher than 96% 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

Valley National Bank Pension 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. Valley National Bank Pension Plan sits mid-pack in the medium band (687 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Valley National Bank Pension Plan reported net income rose from -$45M in the plan year 2022 filing to $23M in the plan year 2023 filing.
  • Valley National Bank Pension Plan reported participants fell from 763 in the plan year 2022 filing to 687 in the plan year 2023 filing.
  • Valley National Bank Pension Plan end-of-year assets rose from $233M in the plan year 2022 filing to $256M in the plan year 2023 filing.

See the national 2022→2023 release diff →

DOL schedule card

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

Valley National Bank Pension Plan · $256M · 687 · 96th

  • EOY $256M
  • EOY 687
  • EOY 96th
  • EOY Defined Benefit (Pension)
  • EOY near Central Bancompany Retirement Plan
  • EOY ind #8236

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 →

Valley National Bank Pension Plan in the asset neighbourhood

Plumbers Local No 98 Defined Benefit Pension FundPlumbers Local No 98 Defined…$258MUnited Association Local 7 Pension PlanUnited Association Local 7 P…$257MValley National Bank Pension PlanValley National Bank Pension…$256MCentral Bancompany Retirement PlanCentral Bancompany Retiremen…$256MPension Plan of Tallahassee Memorial Healthcare, Inc.Pension Plan of Tallahassee …$255M
End-of-year total assets ($M) among Valley National Bank Pension Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2023.

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)$233M
Net Assets (End of Year)$256M
Net Income$23M
Employer EIN221186387
Plan Effective Date1965-03-01
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.

Valley National Bank Pension Plan vs. nearby Defined Benefit (Pension) plans in New Jersey, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000100000 -50510152025 Total assets ($B) Participants Valley National Bank Pension Plan, Total assets ($B): 0.256171398 · Participants: 687Valley National Bank Pension PlanRetirement 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
Valley National Bank Pension Plan vs. nearby Defined Benefit (Pension) plans in New Jersey, assets vs. participants
Compare Valley National Bank Pension Plan side-by-side with 3 peers →

Valley National Bank Pension Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside New Jersey, the nearest Defined Benefit (Pension) by assets is Central Bancompany Retirement Plan in MO ($256M); by covered participants it is Altec Industries, Inc. Associates' Pension Plan in AL (687 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (687 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 Valley National Bank Pension Plan assets move in 2023? ▼
Valley National Bank Pension Plan grew at a solid clip - up 10.0% during 2023, from $233M to $256M. Reported net income was $23M.
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 Valley National Bank Pension Plan rank by assets among Form 5500 filers? ▼
Valley National Bank Pension Plan ranks in the 96th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top 5% of all filed plans by assets).
Which Defined Benefit (Pension) plans are similar in size to Valley National Bank Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Central Bancompany Retirement Plan in MO ($256M, 1,301 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Valley National Bank Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Altec Industries, Inc. Associates' Pension Plan in AL (687 participants, $64M 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.