2023 Form 5500 filing — Valley National Bank Savings And Investment Plan
Plain-English filing summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, this is the 2023 Form 5500 filing (EFAST2 acknowledgement 20241011141406NAL0044574722001) for Valley National Bank Savings And Investment Plan, reported by Valley National Bank under EIN 22-1186387 and plan number 002. It reports 5,595 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241011141406NAL0044574722001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Valley National Bank
- EIN
- 22-1186387
- Plan number
- 002
- Location
- Morristown, NJ
- Participants
- 5,595
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $578,958,057
- Total liabilities (EOY)
- $118,348
- Net assets (EOY)
- $578,839,709
- Employer contributions
- $15,901,448
- Participant contributions
- $30,021,460
- Total income / additions
- $148,805,474
- Benefits paid
- $54,263,586
- Administrative expenses
- $362,793
- Total expenses
- $54,663,160
- Net increase / (decrease)
- $94,142,314
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Fidelity Investments Institutional | RECORDKEEPER | $265,045 | $0 |
| Strategic Advisors, Inc. | ADVISOR | $86,522 | not reported in the loaded dataset |