ESOP · DOL Form 5500 · 2024

Provident Bank ESOP

Data updated 2026-08-25

$58M
Total assets Below avg plan size
988
Participants Near avg headcount
86th
Percentile by assets National rank
$58,819
Avg per participant Low balance/head
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Official DOL plan name: Provident Bank Employee Stock Ownership Plan · Sponsored by Provident Bank · New Jersey · Finance & Insurance

$58M in assets, 988 participants

Provident Bank's Provident Bank Employee Stock Ownership Plan reported $58M in total assets and 988 participants in its 2024 DOL Form 5500 filing, ranking in the 86th 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.

  • #6,654 in Finance & Insurance (8,549 peers)

Where Provident Bank Employee Stock Ownership Plan sits by assets

Provident Bank Employee Stock Ownership Plan sits in the top quartile of all filed plans by assets, $58M for 988 participants (~$58,819/participant), down 1.0% in 2024.

#6,654
in Finance & Insurance (8,549 peers)
-1.0%
assets change YoY
0.6×
vs typical plan assets (national mean)

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

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

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

$58,113,182 Top 14% higher than 86% 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

Provident 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. Provident Bank Employee Stock Ownership Plan sits mid-pack in the medium band (988 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Provident Bank Employee Stock Ownership Plan reported net income rose from -$7M in the plan year 2023 filing to $6M in the plan year 2024 filing.
  • Provident Bank Employee Stock Ownership Plan reported participants rose from 937 in the plan year 2023 filing to 988 in the plan year 2024 filing.
  • Provident Bank Employee Stock Ownership Plan end-of-year assets fell from $59M in the plan year 2023 filing to $58M in the plan year 2024 filing.

See the national 2023→2024 release diff →

DOL schedule card

Filing strip 221211130 · Provident Bank PY 2024 · ESOP

Provident Bank Employee Stock Ownership Plan · $58M · 988 · 86th

  • EBSA $58M
  • PART 988
  • TYPE 86th
  • NET ESOP
  • BOOK near American Business Group, Inc. Employee Stock Ownership Plan and Trust
  • VS-ST ind #6654

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 →

Provident Bank Employee Stock Ownership Plan in the asset neighbourhood

Marathon Electrical Holdings, Inc. Employee Stock Ownership PlanMarathon Electrical Holdings…$58MDigital Dynamics, Inc. Employee Stock Ownership PlanDigital Dynamics, Inc. Emplo…$58MProvident Bank Employee Stock Ownership PlanProvident Bank Employee Stoc…$58MAmerican Business Group, Inc. Employee Stock Ownership Plan and TrustAmerican Business Group, Inc…$58MCemen Tech Holdings, Inc. Employee Stock Ownership PlanCemen Tech Holdings, Inc. Em…$58M
End-of-year total assets ($M) among Provident Bank Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2024.

Scale-class filing particulars (2024)

Total Assets (Beginning of Year)$59M
Net Assets (End of Year)$58M
Net Income$6M
Employer EIN221211130
Plan Effective Date2002-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Provident Bank)

Sponsor-wide plan assets over time

All Provident Bank plans reported in each filing year

Latest sponsor-wide plan assets
$406M 54.51965368048766% vs 2022
2024 filing year
$200M$250M$300M$350M$400M$450M 202220232024 $263M $406M ▲ +54.5%
Year Plans Participants Total Assets
2022 3 2,244 $263M
2023 3 2,182 $276M
2024 4 3,700 $406M

Nearby ESOP Plans in New Jersey

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

Provident 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 ($M) Participants Provident Bank Employee Stock Ownership Plan, Total assets ($M): 58.113182 · Participants: 988Provident 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
Provident Bank Employee Stock Ownership Plan vs. nearby ESOP plans in New Jersey, assets vs. participants
Compare Provident Bank Employee Stock Ownership Plan side-by-side with 3 peers →

Provident 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 Business Group, Inc. Employee Stock Ownership Plan and Trust in CA ($58M); by covered participants it is Electronic Theatre Controls, Inc. Employee Stock Ownership Plan in WI (986 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (988 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 Provident Bank Employee Stock Ownership Plan assets move in 2024? ▼
Provident Bank Employee Stock Ownership Plan held essentially flat - down 1.0% during 2024, from $59M to $58M. Reported net income was $6M.
How have Provident Bank plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Provident Bank's sponsor-wide assets grew 54.5%, from $263M to $406M.
Where does Provident Bank Employee Stock Ownership Plan rank by assets among Form 5500 filers? ▼
Provident Bank Employee Stock Ownership Plan ranks in the 86th 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 Provident Bank Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is American Business Group, Inc. Employee Stock Ownership Plan and Trust in CA ($58M, 81 participants).
Which ESOP plans cover a similar participant headcount to Provident Bank Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Electronic Theatre Controls, Inc. Employee Stock Ownership Plan in WI (986 participants, $170M 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 221211130.

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.