ESOP · DOL Form 5500 · 2023

Somerset Savings Bank, Sla ESOP

Data updated 2026-08-25

$7M
Total assets Small plan by assets
119
Participants Small participant base
52nd
Percentile by assets National rank
$61,106
Avg per participant Low balance/head
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Official DOL plan name: Somerset Regal Bank Employee Stock Ownership Plan · Sponsored by Somerset Savings Bank, Sla · New Jersey · Finance & Insurance

$7M in assets, 119 participants

Somerset Savings Bank, Sla's Somerset Regal Bank Employee Stock Ownership Plan reported $7M in total assets and 119 participants in its 2023 DOL Form 5500 filing, ranking in the 52nd 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.

  • #3,304 in Finance & Insurance (8,869 peers)

Coverage in New Jersey

Somerset Regal Bank Employee Stock Ownership Plan covers 119 participants in New Jersey, about 14% of the average New Jersey filer (state average ~844 per filing). Assets: $7M.

#3,304
in Finance & Insurance (8,869 peers)
$241K
reported net income

Somerset Regal Bank Employee Stock Ownership Plan's mid-pack asset rank among Finance & Insurance and all filers

Somerset Regal Bank Employee Stock Ownership Plan vs every filed plan by assets

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

$7,271,661 Top 48% higher than 52% 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

Somerset Regal 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. Somerset Regal Bank Employee Stock Ownership Plan sits mid-pack in the medium band (119 participants).

Form 5500 schedule snapshot

Filing strip 220784760 · Somerset Savings Bank, Sla PY 2023 · ESOP

Somerset Regal Bank Employee Stock Ownership Plan · $7M · 119 · 52nd

  • SCH $7M
  • SCH 119
  • SCH 52nd
  • SCH ESOP
  • SCH near Monroe Rubber & Plastic, Inc. Employee Stock Ownership Plan
  • SCH ind #3304

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 →

Somerset Regal Bank Employee Stock Ownership Plan in the asset neighbourhood

Spencer Enterprises, Inc. Employee Stock Ownership PlanSpencer Enterprises, Inc. Em…$7MSomerset Regal Bank Employee Stock Ownership PlanSomerset Regal Bank Employee…$7MMonroe Rubber & Plastic, Inc. Employee Stock Ownership PlanMonroe Rubber & Plastic, Inc…$7MBivar, Inc. Employee Stock Ownership PlanBivar, Inc. Employee Stock O…$7MGotham Per Diem, Inc. Employee Stock Ownership PlanGotham Per Diem, Inc. Employ…$7M
End-of-year total assets ($M) among Somerset Regal Bank Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2023.

New Jersey filing particulars

Total Assets (Beginning of Year)N/A
Net Assets (End of Year)$241K
Net Income$241K
Employer EIN220784760
Plan Effective Date2023-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Somerset Savings Bank, Sla)

Sponsor-wide plan assets over time

All Somerset Savings Bank, Sla plans reported in each filing year

Latest sponsor-wide plan assets
$41M 50.472843749196436% vs 2022
2024 filing year
$25M$30M$35M$40M$45M 202220232024 $27.6M $41.5M ▲ +50.5%
Year Plans Participants Total Assets
2022 2 115 $28M
2023 3 244 $36M
2024 3 283 $41M

Nearby ESOP Plans in New Jersey

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

Somerset Regal Bank Employee Stock Ownership Plan vs. nearby ESOP plans in New Jersey, assets vs. participants Scatter plot of 6 data points. 0500100015002000 -1000100200300400500 Total assets ($M) Participants Somerset Regal Bank Employee Stock Ownership Plan, Total assets ($M): 7.271661 · Participants: 119Somerset Regal 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
Somerset Regal Bank Employee Stock Ownership Plan vs. nearby ESOP plans in New Jersey, assets vs. participants
Compare Somerset Regal Bank Employee Stock Ownership Plan side-by-side with 3 peers →

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

Outside New Jersey, the nearest ESOP by assets is Monroe Rubber & Plastic, Inc. Employee Stock Ownership Plan in MI ($7M); by covered participants it is Superior Electric Great Lakes Company Employee Stock Ownership Plan in MI (119 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (119 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 have Somerset Savings Bank, Sla plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Somerset Savings Bank, Sla's sponsor-wide assets grew 50.5%, from $28M to $41M.
Which ESOP plans are similar in size to Somerset Regal Bank Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is Monroe Rubber & Plastic, Inc. Employee Stock Ownership Plan in MI ($7M, 16 participants).
Which ESOP plans cover a similar participant headcount to Somerset Regal Bank Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Superior Electric Great Lakes Company Employee Stock Ownership Plan in MI (119 participants, $116M 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 220784760.

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.