# Valley National Bank 401(k) Plan
Source: https://planprovider.pro/companies/valley-national-bank-401k-plan

> Valley National Bank's 401(k) plan: 3,696 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Valley National Bank

- **Sponsor EIN:** 221186387

- **Sponsor Address:** 70 SPEEDWELL AVE, MORRISTOWN, NJ, 07960

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

- **Total Participants:** 3,696

- **Total Assets:** $662.7M

## Key Plan Design Features

- **Auto-Enrollment:** Yes

- **Auto-Escalation:** No

- **Allows Roth Contributions:** No

- **Participant Loans:** Yes

- **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|3,696|$662.7M|$15.5M|$30.2M|

| 2023|3,741|$579.0M|$15.9M|$30.0M|

| 2022|3,489|$484.8M|$12.8M|$23.4M|

## 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|

| FIDELITY INVESTMENTS INSTITUTIONAL|RECORDKEEPER|$208,102|—|$208,102|

| STRATEGIC ADVISORS, INC.|ADVISOR|$123,587|—|$123,587|

| BAKER TILLY US, LLPLLP|Auditor|—|—|$0|

### Verified Provider Profiles

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

- [FIDELITY INVESTMENTS INSTITUTIONAL](https://planprovider.pro/provider/fidelity-investments) — RECORDKEEPER

- [STRATEGIC ADVISORS, INC.](https://planprovider.pro/provider/creative-planning) — ADVISOR

- [BAKER TILLY US, LLPLLP](https://planprovider.pro/provider/baker-tilly-us-llp) — Auditor

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $331,689

- **Estimated Expense Ratio:** 0.050% of plan assets

### 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|$342,216|$123,587|$300|—|—|

| 2023|$362,793|$86,522|$600|—|—|

| 2022|$382,008|$82,525|—|—|—|

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[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/valley-national-bank-401k-plan)

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