Plan Snapshot
- Plan Sponsor: Kearny Bank
- Sponsor EIN: 221032860
- Sponsor Address: 120 PASSAIC AVENUE, FAIRFIELD, NJ, 07004
- Plan Type: 401(k)
- Total Participants: 520
- Total Assets: $62.8M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 520 | $62.8M | $1.4M | $3.4M |
| 2023 | 522 | $58.3M | $1.4M | $3.3M |
| 2022 | 528 | $52.6M | $1.4M | $3.5M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| SCHNEIDER DOWNS | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- SCHNEIDER DOWNS — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $44,224 | — | $44,224 | — | — |
| 2023 | $202,914 | — | $194,959 | — | — |
| 2022 | $211,573 | — | $204,148 | — | — |