Provident Bank Employee Stock Ownership Plan — Form 5500 plan (Provident 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, Provident Bank Employee Stock Ownership Plan is a benefit plan reported by Provident Bank under EIN 22-1211130 and plan number 003. The latest loaded filing year is 2023. The filing reports 1,328 participants and $58,699,800 in end-of-year plan assets, where available in the loaded dataset.

Form 5500 plan profile · 2023

Key reported metrics

Net assets (EOY)$52.3MPlan net assets, end of year$52,288,617
Participants1.3KCovered participants reported1,328
Assets / participant$44.2KComputed: assets ÷ participants$44,202 (computed)
Provider compensationNone reported
Plan sponsor
Provident Bank
EIN
22-1211130
Plan number
003
Plan type
2
Location
Iselin, NJ
Latest filing year
2023

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
20231,328H20241007105806NAL0015065281001
Schedule H · 2023

Reported financial statement

Reported figures as filed, in whole dollars. Only fields the filing reports are shown; others are marked not reported.

Reported balance (end of year)$58.7M total assets
Net assets$52.3MLiabilities$6.4M
Money in vs. money out
Total income / additions-$4M
Total expenses$3.3M
Benefits paid / distributions$2.8M
Contributions
Employer$4.2M
ParticipantNot reported
Full reported line items

Net assets

Total assets (EOY)
$58,699,800
Total liabilities (EOY)
$6,411,183
Net assets (EOY)
$52,288,617
Net assets (BOY)
$59,699,186

Income & contributions

Employer contributions
$4,243,945
Total contributions
$4,243,945
Total income / additions
-$3,994,817

Expenses & distributions

Benefits paid
$2,781,713
Administrative expenses
$0
Total expenses
$3,310,838
Net increase / (decrease)
-$7,305,655
Computed from reported fields

Reported ratios

Derived only from this plan's own reported figures — comparisons within the filing, not benchmarks, estimates, or national averages.

Total expenses ÷ net assets6%Computed ratio

Service provider compensation (Schedule C)

No Schedule C service provider compensation is loaded for this plan yet.

Related Form 5500 pages