401(k) · DOL Form 5500 · 2023
Valley National Bank 401(k) Plan
Data updated 2026-08-11
- $579M
- Total assets
- 3,489
- Participants
- 98th
- Percentile by assets
- $165,938
- Avg per participant
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.
- 98th percentile by assets (of 127,072 plans)
- #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.
- $579M
- total plan assets (2023 EOY)
- 3,489
- covered participants
- 98th
- percentile by assets (of 127,072 plans)
- $165,938
- avg assets per participant
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.
Participants vs New Jersey filers
In New Jersey, the average filing covers about 844 participants across 4,145 plans. Valley National Bank Savings and Investment Plan reports 3,489 participants - 4.1x that state average ($579M EOY assets).
New Jersey filing particulars
| Total Assets (Beginning of Year) | $485M |
|---|---|
| Net Assets (End of Year) | $579M |
| Net Income | $94M |
| Employer EIN | 221186387 |
| Plan Effective Date | 1965-03-31 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Valley National Bank)
| 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
- JPMorgan Chase 401(k) Savings Plan $44.6B · 176,610
- Verizon Savings Plan for Management Employees $27.8B · 78,072
- Johnson and Johnson Savings Plan $22.2B · 41,291
- Ernst & Young Retirement Savings Plan $15.5B · 59,346
- Merck US Savings Plan $13.4B · 26,850
Similar-Sized 401(k) Plans Nationally
401(k) plans in other states closest to Valley National Bank Savings and Investment Plan by total assets, not by location.
- Firstbank Holding Company Savings and ESOP (CO) $579M · 2,886
- Virtu Financial LLC 401(k) Plan (NY) $579M · 653
- Kyndryl 401(k) Plan (NY) $580M · 7,525
- Tapestry, Inc. 401(k) Savings Plan (NY) $580M · 10,513
Frequently Asked Questions
How did Valley National Bank Savings and Investment Plan assets move in 2023? ▼
How have Valley National Bank plan assets changed over time? ▼
Where does Valley National Bank Savings and Investment Plan rank by assets among Form 5500 filers? ▼
Which 401(k) plans are similar in size to Valley National Bank Savings and Investment Plan? ▼
Next read for Valley National Bank Savings and Investm…
Filing takeaways
Ways to act on Valley National Bank Savings and Investment Plan's numbers.
- By total assets, Valley National Bank Savings and Investment Plan ranks in the top 5% of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar 401(k) plans in New Jersey. Compare plans
- Valley National Bank's sponsor-wide assets have grown 33.4% since 2022 across 3 plan years on file. More Finance & Insurance plans