# Provident Bank 401(k) Plan
Source: https://planprovider.pro/companies/provident-bank-401k-plan

> Provident Bank's 401(k) plan: 1,784 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Provident Bank

- **Sponsor EIN:** 221211130

- **Sponsor Address:** ATTN BENEFITS COMMITTEE, ISELIN, NJ, 088301001

- **Plan Type:** 401(k)

- **Total Participants:** 1,784

- **Total Assets:** $184.4M

## Key Plan Design Features

- **Auto-Enrollment:** Yes

- **Auto-Escalation:** No

- **Allows Roth Contributions:** Yes

- **Participant Loans:** No

- **Participant-Directed Investments:** Yes

- **ERISA Section 404(c) Fiduciary Safe Harbor:** Yes

## Plan Financials by Year

| Year|Participants|Total Assets|Employer Contrib.|Employee Contrib.|

| 2024|1,784|$184.4M|$1.5M|$8.9M|

| 2023|1,128|$164.3M|$1.4M|$8.6M|

| 2022|1,134|$141.8M|$1.2M|$8.0M|

## 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|

| BDO, U.S.A. P.C.|Auditor|—|—|$0|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [BDO, U.S.A. P.C.](https://planprovider.pro/provider/bdo-usa-pc) — 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|$136,200|—|$136,200|—|—|

| 2023|$138,579|—|$138,579|—|—|

| 2022|$128,382|—|$127,186|—|—|

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