Blue Foundry Bank 401(K) Plan — Form 5500 plan (Blue Foundry Bank)
Plain-English plan 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, Blue Foundry Bank 401(K) Plan is a benefit plan reported by Blue Foundry Bank under EIN 22-0780922 and plan number 003. The latest loaded filing year is 2023. The filing reports 275 participants and $16,550,370 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Blue Foundry Bank
- EIN
- 22-0780922
- Plan number
- 003
- Plan type
- 2
- Location
- Rutherford, NJ
- Latest filing year
- 2023
- Participants
- 275
- End-of-year plan assets
- $16,550,370
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 275 | H, C | 20240731144525NAL0022471249001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $16,550,370
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $16,550,370
- Net assets (BOY)
- $15,044,865
Income & contributions
- Employer contributions
- $760,999
- Participant contributions
- $1,261,959
- Total contributions
- $2,039,296
- Total income / additions
- $3,572,612
Expenses & distributions
- Benefits paid
- $1,919,916
- Administrative expenses
- $45,404
- Total expenses
- $2,067,107
- Net increase / (decrease)
- $1,505,505
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Pentegra Services, Inc. | CONTRACT ADMIN | $474 | not reported in the loaded dataset | 2023 |
| Empower Annuity Insurance Co. | RECORDKEEPER | $122 | $0 | 2023 |