ESOP · DOL Form 5500 · 2024

Blue Foundry Bank ESOP

Data updated 2026-08-25

$22M
Total assets Small plan by assets
136
Participants Small participant base
72nd
Percentile by assets National rank
$162,988
Avg per participant Above avg balance/head
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Official DOL plan name: Blue Foundry Bank Employee Stock Ownership Plan · Sponsored by Blue Foundry Bank · New Jersey · Finance & Insurance

$22M in assets, 136 participants

Blue Foundry Bank's Blue Foundry Bank Employee Stock Ownership Plan reported $22M in total assets and 136 participants in its 2024 DOL Form 5500 filing, ranking in the 72nd 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.

  • #4,936 in Finance & Insurance (8,549 peers)

Coverage in New Jersey

Blue Foundry Bank Employee Stock Ownership Plan covers 136 participants in New Jersey, about 16% of the average New Jersey filer (state average ~844 per filing). Assets: $22M.

#4,936
in Finance & Insurance (8,549 peers)
+0.8%
assets growth YoY

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

Blue Foundry Bank Employee Stock Ownership Plan vs every filed plan by assets

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

$22,166,325 Top 28% higher than 72% 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 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. Blue Foundry Bank Employee Stock Ownership Plan sits mid-pack in the medium band (136 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Blue Foundry Bank Employee Stock Ownership Plan reported net income rose from -$7M in the plan year 2023 filing to $839K in the plan year 2024 filing.
  • Blue Foundry Bank Employee Stock Ownership Plan reported participants rose from 103 in the plan year 2023 filing to 136 in the plan year 2024 filing.
  • Blue Foundry Bank Employee Stock Ownership Plan end-of-year assets rose from $22M in the plan year 2023 filing to $22M in the plan year 2024 filing.

See the national 2023→2024 release diff →

Published 5500 schedule card

Filing strip 220780922 · Blue Foundry Bank PY 2024 · ESOP

Blue Foundry Bank Employee Stock Ownership Plan · $22M · 136 · 72nd

  • TYPE $22M
  • NET 136
  • BOOK 72nd
  • VS-ST ESOP
  • BOY near Harris & Associates Employee Stock Ownership Plan
  • SCH ind #4936

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 →

Blue Foundry Bank Employee Stock Ownership Plan in the asset neighbourhood

Bills Electric, Inc. Employee Stock Ownership PlanBills Electric, Inc. Employe…$22MBlue Foundry Bank Employee Stock Ownership PlanBlue Foundry Bank Employee S…$22MHarris & Associates Employee Stock Ownership PlanHarris & Associates Employee…$22MMain Street Homes of Va, Inc. Employee Stock Ownership PlanMain Street Homes of Va, Inc…$22MUnited Contractors, Inc. Employee Stock Ownership PlanUnited Contractors, Inc. Emp…$22M
End-of-year total assets ($M) among Blue Foundry 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)$22M
Net Assets (End of Year)$2M
Net Income$839K
Employer EIN220780922
Plan Effective Date2021-01-01
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 ESOP Plans in New Jersey

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

Blue Foundry 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 ($M) Participants Blue Foundry Bank Employee Stock Ownership Plan, Total assets ($M): 22.166325 · Participants: 136Blue Foundry 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
Blue Foundry Bank Employee Stock Ownership Plan vs. nearby ESOP plans in New Jersey, assets vs. participants
Compare Blue Foundry Bank Employee Stock Ownership Plan side-by-side with 3 peers →

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

Outside New Jersey, the nearest ESOP by assets is Harris & Associates Employee Stock Ownership Plan in CA ($22M); by covered participants it is Balke Brown Transwestern, Inc. Employee Stock Ownership Plan in MO (136 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (136 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 Employee Stock Ownership Plan assets move in 2024? ▼
Blue Foundry Bank Employee Stock Ownership Plan held essentially flat - up 0.8% during 2024, from $22M to $22M. Reported net income was $839K.
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 ESOP plans are similar in size to Blue Foundry Bank Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is Harris & Associates Employee Stock Ownership Plan in CA ($22M, 194 participants).
Which ESOP plans cover a similar participant headcount to Blue Foundry Bank Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Balke Brown Transwestern, Inc. Employee Stock Ownership Plan in MO (136 participants, $8M 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.