Plan Ledger DOL Form 5500 · updated monthly

Kearny Bank401(k)

KEARNY BANK EMPLOYEES' SAVINGS PLAN · FAIRFIELD, NJ · plan year 2025

Reported admin expense ratio · 2025
0.07%

Peer grade: B · admin costs + employer contributions vs same-size plans · how grading works

Kearny Bank reported $47,821 in plan administrative expenses for 2025: 0.07% of average plan assets, below the peer median. Employer contributions averaged $2,961 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 3 years on file its reported administrative ratio fell from 0.37% to 0.07%. The plan sits in the $50M–$250M size bracket, benchmarked here against 605 comparable plans and shown alongside other finance & insurance employers. By assets it is the 450th-largest of 2,419 plans among New Jersey employers on file, and the 1,257th of 4,798 in finance & insurance. In 2025, employees put in $2.39 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$73,264,176
Participants with balances693
Active participants505
Employer contributions$1,495,297
Employee contributions$3,567,297
Employer contribution per active participant$2,961
Average account balance$105,720
Benefits paid to participants$4,712,097
Plan auditUnmodified (clean) audit opinion
Plan history4
Yearassets · accounts · employer contribution
2025$73.3M · 693 accts · $1.5M emplr
2024$62.8M · 697 accts · $1.4M emplr
2023$58.3M · 715 accts · $1.4M emplr
2022$52.5M · 744 accts · $1.4M emplr
Administrative expenses, itemized · 2025
Recordkeeping & contract admin$47,821
Total administrative$47,821
The Kearny Bank 401(k) match · 2025
Employer contribution per active participant$2,961
Median for plans this size$4,093
2025$2,961 per active participant
2024$2,760 per active participant
2023$2,693 per active participant
2022$2,740 per active participant

Kearny Bank's 2025 employer contribution ran below the $4,093 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2025 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20252
PENTEGRA SERVICES, INC. · Contract administrator$54,655

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history4
2025$47,821 · 0.07%
2024$44,224 · 0.07%
2023$202,914 · 0.37%
2022$211,573 · 0.37%
All plans at this employer2
KEARNY BANK EMPLOYEES' SAVINGS PLAN401(k)
KEARNY BANK EMPLOYEE STOCK OWNERSHIP PLANESOP
Same employer
Similar plansFinance & Insurance · New Jersey
Veritext LLC NJ$102.1M · 0.23%
Harding Loevner LP NJ$62.0M · 0.02%

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Source: U.S. Department of Labor, Form 5500 series, EIN 221032860 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.