Blue Foundry Bank Employee Stock Ownership 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 Employee Stock Ownership Plan is a benefit plan reported by Blue Foundry Bank under EIN 22-0780922 and plan number 004. The latest loaded filing year is 2023. The filing reports 174 participants and $21,982,802 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
- 004
- Plan type
- 2
- Location
- Rutherford, NJ
- Latest filing year
- 2023
- Participants
- 174
- End-of-year plan assets
- $21,982,802
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 174 | H | 20240930093345NAL0005379809001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $21,982,802
- Total liabilities (EOY)
- $20,587,624
- Net assets (EOY)
- $1,395,178
- Net assets (BOY)
- $8,077,022
Income & contributions
- Employer contributions
- $1,324,389
- Total contributions
- $1,324,389
- Total income / additions
- -$5,931,523
Expenses & distributions
- Benefits paid
- $60,597
- Administrative expenses
- $0
- Total expenses
- $750,321
- Net increase / (decrease)
- -$6,681,844
Service provider compensation (Schedule C)
No Schedule C service provider compensation is loaded for this plan yet.