401(k) · DOL Form 5500 · 2023

Valley National Bank 401(k) Plan

Data updated 2026-08-25

$579M
Total assets Above avg plan size
3,489
Participants Above avg headcount
98th
Percentile by assets National rank
$165,938
Avg per participant Above avg balance/head
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Official DOL plan name: Valley National Bank Savings and Investment Plan · Sponsored by Valley National Bank · New Jersey · Finance & Insurance

$579M in assets, 3,489 participants

Valley National Bank's Valley National Bank Savings and Investment Plan reported $579M in total assets and 3,489 participants in its 2023 DOL Form 5500 filing, ranking in the 98th 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.

  • #8,516 in Finance & Insurance (8,869 peers)

Coverage in New Jersey

Valley National Bank Savings and Investment Plan covers 3,489 participants in New Jersey, 4.1x the typical New Jersey plan (state average ~844 per filing). Assets: $579M.

#8,516
in Finance & Insurance (8,869 peers)
+19.4%
assets growth YoY
5.8×
vs typical plan assets (national mean)

Valley National Bank Savings and Investment Plan's outsized position by total assets

Valley National Bank Savings and Investment Plan vs every filed plan by assets

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

$578,958,057 Top 2% higher than 98% 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 Savings and Investment 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. Valley National Bank Savings and Investment Plan lands in the large band (3,489 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Valley National Bank Savings and Investment Plan reported net income rose from -$83M in the plan year 2022 filing to $94M in the plan year 2023 filing.
  • Valley National Bank Savings and Investment Plan end-of-year assets rose from $485M in the plan year 2022 filing to $579M in the plan year 2023 filing.
  • Valley National Bank Savings and Investment Plan reported participants rose from 3,285 in the plan year 2022 filing to 3,489 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Published 5500 schedule card

Filing strip 221186387 · Valley National Bank PY 2023 · 401(k)

Valley National Bank Savings and Investment Plan · $579M · 3,489 · 98th

  • IND $579M
  • EOY 3,489
  • 5500 98th
  • ASSETS 401(k)
  • PCT near Firstbank Holding Company Savings and ESOP
  • EIN ind #8516

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 Savings and Investment Plan in the asset neighbourhood

Tapestry, Inc. 401(k) Savings PlanTapestry, Inc. 401(k) Saving…$580MKyndryl 401(k) Plan$580MValley National Bank Savings and Investment PlanValley National Bank Savings…$579MFirstbank Holding Company Savings and ESOPFirstbank Holding Company Sa…$579MVirtu Financial LLC 401(k) PlanVirtu Financial LLC 401(k) P…$579M
End-of-year total assets ($M) among Valley National Bank Savings and Investment Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

New Jersey filing particulars

Total Assets (Beginning of Year)$485M
Net Assets (End of Year)$579M
Net Income$94M
Employer EIN221186387
Plan Effective Date1965-03-31
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 401(k) Plans in New Jersey

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

Valley National Bank Savings and Investment Plan vs. nearby 401(k) plans in New Jersey, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000200000 -1001020304050 Total assets ($B) Participants Valley National Bank Savings and Investment Plan, Total assets ($B): 0.578958057 · Participants: 3489Valley National Bank Savings and Investment 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
Valley National Bank Savings and Investment Plan vs. nearby 401(k) plans in New Jersey, assets vs. participants
Compare Valley National Bank Savings and Investment Plan side-by-side with 3 peers →

Valley National Bank Savings and Investment Plan's out-of-state 401(k) peers by assets and headcount

Outside New Jersey, the nearest 401(k) by assets is Firstbank Holding Company Savings and ESOP in CO ($579M); by covered participants it is People, Inc. 401(k) Profit Sharing Plan in NY (3,488 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($579M here).

Similar participant headcount

Nearest other-state filings by covered participants (3,489 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 Savings and Investment Plan assets move in 2023? ▼
Valley National Bank Savings and Investment Plan grew sharply - up 19.4% during 2023, from $485M to $579M. Reported net income was $94M.
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 Savings and Investment Plan rank by assets among Form 5500 filers? ▼
Valley National Bank Savings and Investment Plan ranks in the 98th 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 401(k) plans are similar in size to Valley National Bank Savings and Investment Plan? ▼
Among 401(k) plans in other states, the closest by assets is Firstbank Holding Company Savings and ESOP in CO ($579M, 2,886 participants).
Which 401(k) plans cover a similar participant headcount to Valley National Bank Savings and Investment Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is People, Inc. 401(k) Profit Sharing Plan in NY (3,488 participants, $52M 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.