Defined Benefit (Pension) · DOL Form 5500 · 2024

Connectone Bank Pension Plan

Data updated 2026-08-25

$63M
Total assets Below avg plan size
175
Participants Small participant base
87th
Percentile by assets National rank
$359,219
Avg per participant High balance/head
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Official DOL plan name: The First National Bank of Long Island Pension Plan · Sponsored by Connectone Bank · New York · Finance & Insurance

$63M in assets, 175 participants

Connectone Bank's The First National Bank of Long Island Pension Plan reported $63M in total assets and 175 participants in its 2024 DOL Form 5500 filing, ranking in the 87th 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.

  • #6,772 in Finance & Insurance (8,549 peers)

Coverage in New York

The First National Bank of Long Island Pension Plan covers 175 participants in New York, about 22% of the average New York filer (state average ~798 per filing). Assets: $63M.

#6,772
in Finance & Insurance (8,549 peers)
+1.1%
assets growth YoY
0.6×
vs typical plan assets (national mean)

The First National Bank of Long Island Pension Plan's outsized position by total assets

The First National Bank of Long Island Pension Plan vs every filed plan by assets

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

$62,863,368 Top 13% higher than 87% 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

The First National Bank of Long Island Pension 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. The First National Bank of Long Island Pension Plan sits mid-pack in the medium band (175 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • The First National Bank of Long Island Pension Plan reported net income fell from $9M in the plan year 2023 filing to $711K in the plan year 2024 filing.
  • The First National Bank of Long Island Pension Plan reported participants fell from 190 in the plan year 2023 filing to 175 in the plan year 2024 filing.
  • The First National Bank of Long Island Pension Plan end-of-year assets rose from $62M in the plan year 2023 filing to $63M in the plan year 2024 filing.

See the national 2023→2024 release diff →

Form 5500 schedule snapshot

Filing strip 110804410 · Connectone Bank PY 2024 · Defined Benefit (Pension)

The First National Bank of Long Island Pension Plan · $63M · 175 · 87th

  • BOOK $63M
  • BOOK 175
  • BOOK 87th
  • BOOK Defined Benefit (Pension)
  • BOOK near Sheet Metal Workers Local Union No. 32 Pension Trust Fund
  • BOOK ind #6772

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 York →

The First National Bank of Long Island Pension Plan in the asset neighbourhood

J.G. Boswell Company Employees' Retirement PlanJ.G. Boswell Company Employe…$63MThe First National Bank of Long Island Pension PlanThe First National Bank of L…$63MSheet Metal Workers Local Union No. 32 Pension Trust FundSheet Metal Workers Local Un…$63MTata Chemicals Soda Ash Partners LLC Salaried Employees' Pension PlanTata Chemicals Soda Ash Part…$63MContinental Graphics Employee Pension PlanContinental Graphics Employe…$63M
End-of-year total assets ($M) among The First National Bank of Long Island Pension Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2024.

New York filing particulars

Total Assets (Beginning of Year)$62M
Net Assets (End of Year)$63M
Net Income$711K
Employer EIN110804410
Plan Effective Date1941-02-04
Filing StatusFILING RECEIVED

Sponsor Plan History (Connectone Bank)

Sponsor-wide plan assets over time

All Connectone Bank plans reported in each filing year

Latest sponsor-wide plan assets
$123M 16.94000800910417% vs 2022
2024 filing year
$100M$110M$120M$130M 202220232024 $105M $123M ▲ +16.9%
Year Plans Participants Total Assets
2022 2 449 $105M
2023 2 436 $121M
2024 2 410 $123M

Nearby Defined Benefit (Pension) Plans in New York

Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.

The First National Bank of Long Island Pension Plan vs. nearby Defined Benefit (Pension) plans in New York, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 -505101520 Total assets ($B) Participants The First National Bank of Long Island Pension Plan, Total assets ($B): 0.062863368 · Participants: 175The First National Bank of Long Island Pension PlanIBM Personal Pension Plan, Total assets ($B): 17.919858993 · Participants: 48014IBM Personal Pension Plan1199seiu Health Care Employees Pension Fund, Total assets ($B): 16.913316696 · Participants: 1118331199seiu Health Care Employees Pension FundConsolidated Edison Retirement Plan, Total assets ($B): 15.588456377 · Participants: 10608Consolidated Edison Retirement PlanPfizer Consolidated Pension Plan, Total assets ($B): 9.970337119 · Participants: 8876Pfizer Consolidated Pension PlanGE Energy Pension Plan, Total assets ($B): 8.92290143 · Participants: 5829GE Energy Pension Plan
The First National Bank of Long Island Pension Plan vs. nearby Defined Benefit (Pension) plans in New York, assets vs. participants
Compare The First National Bank of Long Island Pension Plan side-by-side with 3 peers →

The First National Bank of Long Island Pension Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside New York, the nearest Defined Benefit (Pension) by assets is Sheet Metal Workers Local Union No. 32 Pension Trust Fund in FL ($63M); by covered participants it is Dentons US LLP Cash Balance Plan in IL (175 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (175 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 The First National Bank of Long Island Pension Plan assets move in 2024? ▼
The First National Bank of Long Island Pension Plan edged up modestly - up 1.1% during 2024, from $62M to $63M. Reported net income was $711K.
How have Connectone Bank plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Connectone Bank's sponsor-wide assets grew 16.9%, from $105M to $123M.
Where does The First National Bank of Long Island Pension Plan rank by assets among Form 5500 filers? ▼
The First National Bank of Long Island Pension Plan ranks in the 87th 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 Defined Benefit (Pension) plans are similar in size to The First National Bank of Long Island Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Sheet Metal Workers Local Union No. 32 Pension Trust Fund in FL ($63M, 162 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to The First National Bank of Long Island Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Dentons US LLP Cash Balance Plan in IL (175 participants, $38M 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 110804410.

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.