2023 Form 5500 filing — Blue Foundry Bank 401(K) 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 20240731144525NAL0022471249001) for Blue Foundry Bank 401(K) Plan, reported by Blue Foundry Bank under EIN 22-0780922 and plan number 003. It reports 275 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240731144525NAL0022471249001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Blue Foundry Bank
- EIN
- 22-0780922
- Plan number
- 003
- Location
- Rutherford, NJ
- Participants
- 275
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $16,550,370
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $16,550,370
- Employer contributions
- $760,999
- Participant contributions
- $1,261,959
- Total income / additions
- $3,572,612
- Benefits paid
- $1,919,916
- Administrative expenses
- $45,404
- Total expenses
- $2,067,107
- Net increase / (decrease)
- $1,505,505
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Pentegra Services, Inc. | CONTRACT ADMIN | $474 | not reported in the loaded dataset |
| Empower Annuity Insurance Co. | RECORDKEEPER | $122 | $0 |