401(k) · DOL Form 5500 · 2024

Blue Foundry Bank 401(k) Plan

Data updated 2026-08-25

$19M
Total assets Small plan by assets
181
Participants Below avg headcount
69th
Percentile by assets National rank
$103,128
Avg per participant Below avg balance/head
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Official DOL plan name: Blue Foundry Bank 401(k) Plan · Sponsored by Blue Foundry Bank · New Jersey · Finance & Insurance

$19M in assets, 181 participants

Blue Foundry Bank's Blue Foundry Bank 401(k) Plan reported $19M in total assets and 181 participants in its 2024 DOL Form 5500 filing, ranking in the 69th 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.

  • #4,568 in Finance & Insurance (8,549 peers)

Coverage in New Jersey

Blue Foundry Bank 401(k) Plan covers 181 participants in New Jersey, about 21% of the average New Jersey filer (state average ~844 per filing). Assets: $19M.

#4,568
in Finance & Insurance (8,549 peers)
+12.8%
assets growth YoY

Blue Foundry Bank 401(k) Plan's outsized position by total assets

Blue Foundry Bank 401(k) Plan vs every filed plan by assets

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

$18,666,156 Top 31% higher than 69% 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

Blue Foundry Bank 401(k) 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. Blue Foundry Bank 401(k) Plan sits mid-pack in the medium band (181 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Blue Foundry Bank 401(k) Plan reported net income rose from $2M in the plan year 2023 filing to $2M in the plan year 2024 filing.
  • Blue Foundry Bank 401(k) Plan end-of-year assets rose from $17M in the plan year 2023 filing to $19M in the plan year 2024 filing.
  • Blue Foundry Bank 401(k) Plan reported participants fell from 195 in the plan year 2023 filing to 181 in the plan year 2024 filing.

See the national 2023→2024 release diff →

EBSA filing schedule strip

Filing strip 220780922 · Blue Foundry Bank PY 2024 · 401(k)

Blue Foundry Bank 401(k) Plan · $19M · 181 · 69th

  • TYPE $19M
  • NET 181
  • BOOK 69th
  • VS-ST 401(k)
  • BOY near Para La Naturaleza Retirement Plan
  • SCH ind #4568

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 →

Blue Foundry Bank 401(k) Plan in the asset neighbourhood

Blue Foundry Bank 401(k) Plan$19MPara La Naturaleza Retirement PlanPara La Naturaleza Retiremen…$19MEwing-Foley, Inc. Salary Deferral PlanEwing-Foley, Inc. Salary Def…$19MBig Dutchman, Inc. Profit Sharing PlanBig Dutchman, Inc. Profit Sh…$19MHennebery Eddy Architects, Inc. 401(k) PlanHennebery Eddy Architects, I…$19M
End-of-year total assets ($M) among Blue Foundry Bank 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

New Jersey filing particulars

Total Assets (Beginning of Year)$17M
Net Assets (End of Year)$19M
Net Income$2M
Employer EIN220780922
Plan Effective Date2021-04-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Blue Foundry Bank)

Sponsor-wide plan assets over time

All Blue Foundry Bank plans reported in each filing year

Latest sponsor-wide plan assets
$41M 7.919177659748998% vs 2022
2024 filing year
$36M$38M$40M$42M$44M$46M 202220232024 $44.3M $40.8M ▼ -7.9%
Year Plans Participants Total Assets
2022 2 280 $44M
2023 2 298 $39M
2024 2 317 $41M

Nearby 401(k) Plans in New Jersey

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

Blue Foundry Bank 401(k) Plan vs. nearby 401(k) plans in New Jersey, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000200000 -200204060 Total assets ($B) Participants Blue Foundry Bank 401(k) Plan, Total assets ($B): 0.018666156 · Participants: 181Blue Foundry Bank 401(k) PlanJPMorgan Chase 401(k) Savings Plan, Total assets ($B): 52.9134575 · Participants: 185532JPMorgan Chase 401(k) Savings PlanVerizon Savings Plan for Management Employees, Total assets ($B): 29.376133902 · Participants: 69218Verizon Savings Plan for Management EmployeesJohnson and Johnson Savings Plan, Total assets ($B): 23.58476515 · Participants: 42583Johnson and Johnson Savings PlanErnst & Young Retirement Savings Plan, Total assets ($B): 18.327167732 · Participants: 56714Ernst & Young Retirement Savings PlanMerck US Savings Plan, Total assets ($B): 14.970916966 · Participants: 27956Merck US Savings Plan
Blue Foundry Bank 401(k) Plan vs. nearby 401(k) plans in New Jersey, assets vs. participants
Compare Blue Foundry Bank 401(k) Plan side-by-side with 3 peers →

Blue Foundry Bank 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside New Jersey, the nearest 401(k) by assets is Para La Naturaleza Retirement Plan in PR ($19M); by covered participants it is Centurion Investments, Inc. 401(k) Plan and Trust in MO (181 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($19M here).

Similar participant headcount

Nearest other-state filings by covered participants (181 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 Blue Foundry Bank 401(k) Plan assets move in 2024? ▼
Blue Foundry Bank 401(k) Plan grew at a solid clip - up 12.8% during 2024, from $17M to $19M. Reported net income was $2M.
How have Blue Foundry Bank plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Blue Foundry Bank's sponsor-wide assets declined 7.9%, from $44M to $41M.
Which 401(k) plans are similar in size to Blue Foundry Bank 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Para La Naturaleza Retirement Plan in PR ($19M, 161 participants).
Which 401(k) plans cover a similar participant headcount to Blue Foundry Bank 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Centurion Investments, Inc. 401(k) Plan and Trust in MO (181 participants, $24M 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 220780922.

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.