ESOP · DOL Form 5500 · 2024

Kearny Bank ESOP

Data updated 2026-08-25

$35M
Total assets Below avg plan size
415
Participants Below avg headcount
79th
Percentile by assets National rank
$83,857
Avg per participant Below avg balance/head
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Official DOL plan name: Kearny Bank Employee Stock Ownership Plan · Sponsored by Kearny Bank · New Jersey · Finance & Insurance

$35M in assets, 415 participants

Kearny Bank's Kearny Bank Employee Stock Ownership Plan reported $35M in total assets and 415 participants in its 2024 DOL Form 5500 filing, ranking in the 79th 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.

  • #5,812 in Finance & Insurance (8,549 peers)

Coverage in New Jersey

Kearny Bank Employee Stock Ownership Plan covers 415 participants in New Jersey, about 49% of the average New Jersey filer (state average ~844 per filing). Assets: $35M.

#5,812
in Finance & Insurance (8,549 peers)
-21.3%
assets change YoY
0.3×
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.

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

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

End-of-year total assets · plan year 2024 · DOL Form 5500

$34,800,623 Top 21% higher than 79% of 123,620 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 2024

Kearny Bank Employee Stock Ownership Plan among mid-size filed plans by headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Kearny Bank Employee Stock Ownership Plan sits mid-pack in the medium band (415 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Kearny Bank Employee Stock Ownership Plan reported net income fell from -$4M in the plan year 2023 filing to -$7M in the plan year 2024 filing.
  • Kearny Bank Employee Stock Ownership Plan end-of-year assets fell from $44M in the plan year 2023 filing to $35M in the plan year 2024 filing.

See the national 2023→2024 release diff →

Plan-year Form 5500 strip

Filing strip 221032860 · Kearny Bank PY 2024 · ESOP

Kearny Bank Employee Stock Ownership Plan · $35M · 415 · 79th

  • PHOTO $35M
  • IND 415
  • EOY 79th
  • 5500 ESOP
  • ASSETS near First State Bancorp of Monticello, Inc. ESOP
  • PCT ind #5812

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 →

Kearny Bank Employee Stock Ownership Plan in the asset neighbourhood

First State Bancorp of Monticello, Inc. ESOPFirst State Bancorp of Monti…$35MKearny Bank Employee Stock Ownership PlanKearny Bank Employee Stock O…$35MGeolabs, Inc. Employee Stock Ownership PlanGeolabs, Inc. Employee Stock…$35MUnwired Revolution, Inc. Employee Stock Ownership and 401(k) PlanUnwired Revolution, Inc. Emp…$35MThe American National Bank of Texas Employee Stock Ownership PlanThe American National Bank o…$35M
End-of-year total assets ($M) among Kearny Bank Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2024.

New Jersey filing particulars

Total Assets (Beginning of Year)$44M
Net Assets (End of Year)$11M
Net Income-$7M
Employer EIN221032860
Plan Effective Date2005-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Kearny Bank)

Sponsor-wide plan assets over time

All Kearny Bank plans reported in each filing year

Latest sponsor-wide plan assets
$98M 5.042486232585026% vs 2022
2024 filing year
$96M$98M$100M$102M$104M 202220232024 $103M $97.6M ▼ -5.0%
Year Plans Participants Total Assets
2022 2 1,007 $103M
2023 2 945 $102M
2024 2 937 $98M

Nearby ESOP Plans in New Jersey

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

Kearny 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 ($M) Participants Kearny Bank Employee Stock Ownership Plan, Total assets ($M): 34.800623 · Participants: 415Kearny Bank Employee Stock Ownership PlanOkonite Company Employees Stock Ownership Plan, Total assets ($M): 446.25 · Participants: 1176Okonite Company Employees Stock Ownership PlanConair LLC Savings and Investment Plan, Total assets ($M): 302.820247 · Participants: 1275Conair LLC Savings and Investment PlanMathematica Group Holding Inc. Employee Stock Ownership Plan, Total assets ($M): 280.534757 · Participants: 1740Mathematica Group Holding Inc. Employee Stock Ownership PlanAmboy Bancorporation Employee Stock Ownership Plan, Total assets ($M): 105.2481 · Participants: 199Amboy Bancorporation Employee Stock Ownership PlanRailroad Construction Company, Inc. Employee Stock Ownership Plan, Total assets ($M): 87.816327 · Participants: 144Railroad Construction Company, Inc. Employee Stock Ownership Plan
Kearny Bank Employee Stock Ownership Plan vs. nearby ESOP plans in New Jersey, assets vs. participants
Compare Kearny Bank Employee Stock Ownership Plan side-by-side with 3 peers →

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

Outside New Jersey, the nearest ESOP by assets is First State Bancorp of Monticello, Inc. ESOP in IL ($35M); by covered participants it is Cleveland Steel Container Corporation Employee Stock Ownership Plan in OH (415 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (415 participants); asset peers above are excluded.

DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Kearny Bank Employee Stock Ownership Plan assets move in 2024? ▼
Kearny Bank Employee Stock Ownership Plan declined sharply - down 21.3% during 2024, from $44M to $35M. Reported net income was -$7M.
How have Kearny Bank plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Kearny Bank's sponsor-wide assets declined 5.0%, from $103M to $98M.
Where does Kearny Bank Employee Stock Ownership Plan rank by assets among Form 5500 filers? ▼
Kearny Bank Employee Stock Ownership Plan ranks in the 79th percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (in the top quartile of all filed plans by assets).
Which ESOP plans are similar in size to Kearny Bank Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is First State Bancorp of Monticello, Inc. ESOP in IL ($35M, 70 participants).
Which ESOP plans cover a similar participant headcount to Kearny Bank Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Cleveland Steel Container Corporation Employee Stock Ownership Plan in OH (415 participants, $485M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2024.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 221032860.

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.