ESOP · DOL Form 5500 · 2024

Somerset Regal Bank ESOP

Data updated 2026-08-25

$9M
Total assets Small plan by assets
115
Participants Small participant base
54th
Percentile by assets National rank
$78,683
Avg per participant Below avg balance/head
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Official DOL plan name: Somerset Regal Bank Employee Stock Ownership Plan · Sponsored by Somerset Regal Bank · New Jersey · Finance & Insurance

$9M in assets, 115 participants

Somerset Regal Bank's Somerset Regal Bank Employee Stock Ownership Plan reported $9M in total assets and 115 participants in its 2024 DOL Form 5500 filing, ranking in the 54th 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.

  • #3,212 in Finance & Insurance (8,549 peers)

Coverage in New Jersey

Somerset Regal Bank Employee Stock Ownership Plan covers 115 participants in New Jersey, about 14% of the average New Jersey filer (state average ~844 per filing). Assets: $9M.

#3,212
in Finance & Insurance (8,549 peers)
+24.4%
assets growth YoY

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 2024 · DOL Form 5500

$9,048,529 Top 46% higher than 54% 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

Somerset Regal 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. Somerset Regal Bank Employee Stock Ownership Plan sits mid-pack in the medium band (115 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Somerset Regal Bank Employee Stock Ownership Plan reported net income rose from $241K in the plan year 2023 filing to $2M in the plan year 2024 filing.
  • Somerset Regal Bank Employee Stock Ownership Plan end-of-year assets rose from $7M in the plan year 2023 filing to $9M in the plan year 2024 filing.
  • Somerset Regal Bank Employee Stock Ownership Plan reported participants fell from 119 in the plan year 2023 filing to 115 in the plan year 2024 filing.

See the national 2023→2024 release diff →

Plan-year Form 5500 strip

Filing strip 220784760 · Somerset Regal Bank PY 2024 · ESOP

Somerset Regal Bank Employee Stock Ownership Plan · $9M · 115 · 54th

  • TYPE $9M
  • TYPE 115
  • TYPE 54th
  • TYPE ESOP
  • TYPE near American Constructors, Inc. Employee Stock Ownership Plan
  • TYPE ind #3212

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

Urban Engineers, Inc. Employee Stock Ownership PlanUrban Engineers, Inc. Employ…$9MHelix Environmental Planning, Inc. Employee Stock Ownership PlanHelix Environmental Planning…$9MAmerican Constructors, Inc. Employee Stock Ownership PlanAmerican Constructors, Inc. …$9MSomerset Regal Bank Employee Stock Ownership PlanSomerset Regal Bank Employee…$9MIgnite Fueling Innovation Employee Stock Ownership PlanIgnite Fueling Innovation Em…$9M
End-of-year total assets ($M) among Somerset Regal Bank Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2024.

New Jersey filing particulars

Total Assets (Beginning of Year)$7M
Net Assets (End of Year)$2M
Net Income$2M
Employer EIN220784760
Plan Effective Date2023-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Somerset Regal Bank)

Sponsor-wide plan assets over time

All Somerset Regal Bank 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): 9.048529 · Participants: 115Somerset Regal 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
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 American Constructors, Inc. Employee Stock Ownership Plan in TN ($9M); by covered participants it is Systems Connection of Maryland, Inc. Employee Stock Ownership Plan in MD (115 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (115 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 Somerset Regal Bank Employee Stock Ownership Plan assets move in 2024? ▼
Somerset Regal Bank Employee Stock Ownership Plan grew sharply - up 24.4% during 2024, from $7M to $9M. Reported net income was $2M.
How have Somerset Regal Bank plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Somerset Regal Bank'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 American Constructors, Inc. Employee Stock Ownership Plan in TN ($9M, 39 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 Systems Connection of Maryland, Inc. Employee Stock Ownership Plan in MD (115 participants, $4M 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 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.