Provident Bank 401(K) 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 401(K) Plan is a benefit plan reported by Provident Bank under EIN 22-1211130 and plan number 004. The latest loaded filing year is 2023. The filing reports 1,594 participants and $164,279,353 in end-of-year plan assets, where available in the loaded dataset.

Key reported metrics

Plan sponsor
Provident Bank
EIN
22-1211130
Plan number
004
Plan type
2
Location
Iselin, NJ
Latest filing year
2023
Participants
1,594
End-of-year plan assets
$164,279,353

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
20231,594H, C20240716143248NAL0002757601001

Reported financial statement (2023 · Schedule H)

Net assets

Total assets (EOY)
$164,279,353
Total liabilities (EOY)
$0
Net assets (EOY)
$164,279,353
Net assets (BOY)
$141,804,587

Income & contributions

Employer contributions
$1,383,525
Participant contributions
$8,596,508
Total contributions
$11,986,610
Total income / additions
$33,803,296

Expenses & distributions

Benefits paid
$11,294,865
Administrative expenses
$138,579
Total expenses
$11,433,444
Net increase / (decrease)
$22,369,852

Service provider compensation (Schedule C)

Reported service provider compensation
ProviderServiceDirect comp.Indirect comp.Year
Principal Life Insurance CompanyCONTRACT ADMINISTRATOR$138,579$02023

Related Form 5500 pages