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VALLEY NATIONAL BANK SAVINGS AND INVESTMENT PLAN 401k Plan overview

Plan NameVALLEY NATIONAL BANK SAVINGS AND INVESTMENT PLAN
Plan identification number 002

VALLEY NATIONAL BANK SAVINGS AND INVESTMENT PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
  • Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
  • Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
  • ESOP other than a leveraged ESOP - A completed Schedule E must be attached to a Form 5500 filed for an Employee Stock Ownership Plan (ESOP).
  • Participant-directed brokerage accounts provided as an investment option under the plan.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).
  • Plan requiring that all or part of employer contributions be invested and held, at least for a limited period, in employer securities.

401k Sponsoring company profile

VALLEY NATIONAL BANK has sponsored the creation of one or more 401k plans.

Company Name:VALLEY NATIONAL BANK
Employer identification number (EIN):221186387
NAIC Classification:522110
NAIC Description:Commercial Banking

Additional information about VALLEY NATIONAL BANK

Jurisdiction of Incorporation: State of Delaware Division of Corporations
Incorporation Date:
Company Identification Number: 3462719

More information about VALLEY NATIONAL BANK

Form 5500 Filing Information

Submission information for form 5500 for 401k plan VALLEY NATIONAL BANK SAVINGS AND INVESTMENT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022022-01-01
0022021-01-01
0022020-01-01
0022019-01-01
0022019-01-01
0022018-01-01
0022017-01-01YVONNE SUROWIEC ALAN ESKOW2018-10-01
0022016-01-01ALAN ESKOW
0022015-01-01CAROL B. DIESNER ALAN ESKOW2016-10-14
0022014-01-01CAROL B. DIESNER ALAN ESKOW2015-10-15
0022013-01-01CAROL B. DIESNER ALAN ESKOW2014-10-14
0022012-01-01CAROL B. DIESNER ALAN ESKOW2013-10-15
0022011-01-01CAROL B. DIESNER ALAN ESKOW2012-10-12
0022009-01-01CAROL B. DIESNER ALAN ESKOW2010-10-14

Plan Statistics for VALLEY NATIONAL BANK SAVINGS AND INVESTMENT PLAN

401k plan membership statisitcs for VALLEY NATIONAL BANK SAVINGS AND INVESTMENT PLAN

Measure Date Value
2022: VALLEY NATIONAL BANK SAVINGS AND INVESTMENT PLAN 2022 401k membership
Total participants, beginning-of-year2022-01-014,864
Total number of active participants reported on line 7a of the Form 55002022-01-013,489
Number of retired or separated participants receiving benefits2022-01-0194
Number of other retired or separated participants entitled to future benefits2022-01-012,003
Total of all active and inactive participants2022-01-015,586
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-019
Total participants2022-01-015,595
Number of participants with account balances2022-01-015,416
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-01313
2021: VALLEY NATIONAL BANK SAVINGS AND INVESTMENT PLAN 2021 401k membership
Total participants, beginning-of-year2021-01-014,591
Total number of active participants reported on line 7a of the Form 55002021-01-013,285
Number of retired or separated participants receiving benefits2021-01-0184
Number of other retired or separated participants entitled to future benefits2021-01-011,489
Total of all active and inactive participants2021-01-014,858
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-016
Total participants2021-01-014,864
Number of participants with account balances2021-01-014,689
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-01100
2020: VALLEY NATIONAL BANK SAVINGS AND INVESTMENT PLAN 2020 401k membership
Total participants, beginning-of-year2020-01-014,418
Total number of active participants reported on line 7a of the Form 55002020-01-013,123
Number of retired or separated participants receiving benefits2020-01-0136
Number of other retired or separated participants entitled to future benefits2020-01-011,429
Total of all active and inactive participants2020-01-014,588
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-013
Total participants2020-01-014,591
Number of participants with account balances2020-01-014,462
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-0170
2019: VALLEY NATIONAL BANK SAVINGS AND INVESTMENT PLAN 2019 401k membership
Total participants, beginning-of-year2019-01-013,904
Total number of active participants reported on line 7a of the Form 55002019-01-013,027
Number of retired or separated participants receiving benefits2019-01-0169
Number of other retired or separated participants entitled to future benefits2019-01-011,318
Total of all active and inactive participants2019-01-014,414
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-014
Total participants2019-01-014,418
Number of participants with account balances2019-01-014,267
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-01123
2018: VALLEY NATIONAL BANK SAVINGS AND INVESTMENT PLAN 2018 401k membership
Total participants, beginning-of-year2018-01-013,919
Total number of active participants reported on line 7a of the Form 55002018-01-012,758
Number of retired or separated participants receiving benefits2018-01-0170
Number of other retired or separated participants entitled to future benefits2018-01-011,073
Total of all active and inactive participants2018-01-013,901
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-01-013
Total participants2018-01-013,904
Number of participants with account balances2018-01-013,790
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-01-0186
2017: VALLEY NATIONAL BANK SAVINGS AND INVESTMENT PLAN 2017 401k membership
Total participants, beginning-of-year2017-01-013,594
Total number of active participants reported on line 7a of the Form 55002017-01-012,892
Number of retired or separated participants receiving benefits2017-01-0153
Number of other retired or separated participants entitled to future benefits2017-01-01966
Total of all active and inactive participants2017-01-013,911
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-01-018
Total participants2017-01-013,919
Number of participants with account balances2017-01-013,675
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-01-0162
2016: VALLEY NATIONAL BANK SAVINGS AND INVESTMENT PLAN 2016 401k membership
Total participants, beginning-of-year2016-01-013,421
Total number of active participants reported on line 7a of the Form 55002016-01-012,710
Number of retired or separated participants receiving benefits2016-01-0142
Number of other retired or separated participants entitled to future benefits2016-01-01837
Total of all active and inactive participants2016-01-013,589
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-01-015
Total participants2016-01-013,594
Number of participants with account balances2016-01-013,471
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-01-0194
2015: VALLEY NATIONAL BANK SAVINGS AND INVESTMENT PLAN 2015 401k membership
Total participants, beginning-of-year2015-01-013,367
Total number of active participants reported on line 7a of the Form 55002015-01-012,568
Number of retired or separated participants receiving benefits2015-01-0133
Number of other retired or separated participants entitled to future benefits2015-01-01815
Total of all active and inactive participants2015-01-013,416
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-01-015
Total participants2015-01-013,421
Number of participants with account balances2015-01-013,336
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-01-01122
2014: VALLEY NATIONAL BANK SAVINGS AND INVESTMENT PLAN 2014 401k membership
Total participants, beginning-of-year2014-01-013,491
Total number of active participants reported on line 7a of the Form 55002014-01-012,612
Number of retired or separated participants receiving benefits2014-01-0131
Number of other retired or separated participants entitled to future benefits2014-01-01719
Total of all active and inactive participants2014-01-013,362
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-01-015
Total participants2014-01-013,367
Number of participants with account balances2014-01-013,280
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-01-01179
2013: VALLEY NATIONAL BANK SAVINGS AND INVESTMENT PLAN 2013 401k membership
Total participants, beginning-of-year2013-01-013,419
Total number of active participants reported on line 7a of the Form 55002013-01-012,874
Number of retired or separated participants receiving benefits2013-01-0128
Number of other retired or separated participants entitled to future benefits2013-01-01587
Total of all active and inactive participants2013-01-013,489
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2013-01-012
Total participants2013-01-013,491
Number of participants with account balances2013-01-013,185
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2013-01-01215
2012: VALLEY NATIONAL BANK SAVINGS AND INVESTMENT PLAN 2012 401k membership
Total participants, beginning-of-year2012-01-013,270
Total number of active participants reported on line 7a of the Form 55002012-01-012,875
Number of retired or separated participants receiving benefits2012-01-0134
Number of other retired or separated participants entitled to future benefits2012-01-01510
Total of all active and inactive participants2012-01-013,419
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-01-010
Total participants2012-01-013,419
Number of participants with account balances2012-01-013,069
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-01-01172
2011: VALLEY NATIONAL BANK SAVINGS AND INVESTMENT PLAN 2011 401k membership
Total participants, beginning-of-year2011-01-013,308
Total number of active participants reported on line 7a of the Form 55002011-01-012,781
Number of retired or separated participants receiving benefits2011-01-0139
Number of other retired or separated participants entitled to future benefits2011-01-01441
Total of all active and inactive participants2011-01-013,261
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-01-019
Total participants2011-01-013,270
Number of participants with account balances2011-01-012,912
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-01175
2009: VALLEY NATIONAL BANK SAVINGS AND INVESTMENT PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-012,604
Total number of active participants reported on line 7a of the Form 55002009-01-012,418
Number of retired or separated participants receiving benefits2009-01-0124
Number of other retired or separated participants entitled to future benefits2009-01-01389
Total of all active and inactive participants2009-01-012,831
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-016
Total participants2009-01-012,837
Number of participants with account balances2009-01-011,819
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-0134

Financial Data on VALLEY NATIONAL BANK SAVINGS AND INVESTMENT PLAN

Measure Date Value
2022 : VALLEY NATIONAL BANK SAVINGS AND INVESTMENT PLAN 2022 401k financial data
Unrealized appreciation/depreciation of real estate assets2022-12-31$0
Unrealized appreciation/depreciation of other (non real estate) assets2022-12-31$-2,105,407
Total unrealized appreciation/depreciation of assets2022-12-31$-2,105,407
Total transfer of assets to this plan2022-12-31$120,749,054
Total transfer of assets from this plan2022-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$109,372
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$74,660
Expenses. Interest paid2022-12-31$0
Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-1022022-12-31$0
Total income from all sources (including contributions)2022-12-31$-45,148,627
Total loss/gain on sale of assets2022-12-31$-111,998
Total of all expenses incurred2022-12-31$37,662,192
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-12-31$37,274,304
Expenses. Certain deemed distributions of participant loans2022-12-31$-432
Value of total corrective distributions2022-12-31$6,312
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-12-31$41,087,735
Value of total assets at end of year2022-12-31$484,806,767
Value of total assets at beginning of year2022-12-31$446,833,820
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-12-31$382,008
Total income from rents2022-12-31$0
Total interest from all sources2022-12-31$476,004
Total dividends received (eg from common stock, registered investment company shares)2022-12-31$19,115,550
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2022-12-31$18,711,638
Assets. Real estate other than employer real property at end of year2022-12-31$0
Assets. Real estate other than employer real property at beginning of year2022-12-31$0
Administrative expenses professional fees incurred2022-12-31$0
Assets. Corporate prefeered stocks other than exployer securities at end of year2022-12-31$7,135
Assets. Corporate prefeered stocks other than exployer securities at beginning of year2022-12-31$0
Was this plan covered by a fidelity bond2022-12-31Yes
Value of fidelity bond cover2022-12-31$40,000,000
If this is an individual account plan, was there a blackout period2022-12-31No
Were there any nonexempt tranactions with any party-in-interest2022-12-31No
Contributions received from participants2022-12-31$23,360,192
Participant contributions at end of year2022-12-31$7,252,015
Participant contributions at beginning of year2022-12-31$5,416,744
Participant contributions at end of year2022-12-31$0
Participant contributions at beginning of year2022-12-31$0
Assets. Other investments not covered elsewhere at end of year2022-12-31$0
Assets. Other investments not covered elsewhere at beginning of year2022-12-31$0
Income. Received or receivable in cash from other sources (including rollovers)2022-12-31$4,947,115
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2022-12-31$-214
Value of other receiveables (less allowance for doubtful accounts) at end of year2022-12-31$66,716
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2022-12-31$70,054
Assets. Loans (other than to participants) at end of year2022-12-31$0
Assets. Loans (other than to participants) at beginning of year2022-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2022-12-31$39,884
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2022-12-31$0
Other income not declared elsewhere2022-12-31$0
Administrative expenses (other) incurred2022-12-31$299,483
Liabilities. Value of operating payables at end of year2022-12-31$3,694
Liabilities. Value of operating payables at beginning of year2022-12-31$4,609
Total non interest bearing cash at end of year2022-12-31$0
Total non interest bearing cash at beginning of year2022-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Income. Non cash contributions2022-12-31$0
Value of net income/loss2022-12-31$-82,810,819
Value of net assets at end of year (total assets less liabilities)2022-12-31$484,697,395
Value of net assets at beginning of year (total assets less liabilities)2022-12-31$446,759,160
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2022-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2022-12-31No
Were any leases to which the plan was party in default or uncollectible2022-12-31No
Assets. partnership/joint venture interests at end of year2022-12-31$0
Assets. partnership/joint venture interests at beginning of year2022-12-31$0
Investment advisory and management fees2022-12-31$82,525
Value of interest in registered invesment companies (eg mutual funds) at end of year2022-12-31$410,942,712
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2022-12-31$388,241,488
Value of interest in pooled separate accounts at end of year2022-12-31$0
Value of interest in pooled separate accounts at beginning of year2022-12-31$0
Interest on participant loans2022-12-31$269,522
Income. Interest from loans (other than to participants)2022-12-31$0
Interest earned on other investments2022-12-31$0
Income. Interest from US Government securities2022-12-31$0
Income. Interest from corporate debt instruments2022-12-31$0
Value of interest in master investment trust accounts at end of year2022-12-31$0
Value of interest in master investment trust accounts at beginning of year2022-12-31$0
Value of interest in common/collective trusts at end of year2022-12-31$40,539,393
Value of interest in common/collective trusts at beginning of year2022-12-31$27,021,778
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2022-12-31$14,666,198
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2022-12-31$13,118,786
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2022-12-31$13,118,786
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2022-12-31$206,482
Assets. Value of investments in 103.12 investment entities at end of year2022-12-31$0
Assets. Value of investments in 103.12 investment entities at beginning of year2022-12-31$0
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2022-12-31$0
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2022-12-31$0
Expenses. Payments to insurance carriers foe the provision of benefits2022-12-31$0
Asset value of US Government securities at end of year2022-12-31$0
Asset value of US Government securities at beginning of year2022-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2022-12-31$-101,721,844
Net investment gain/loss from pooled separate accounts2022-12-31$0
Net investment gain or loss from common/collective trusts2022-12-31$-1,888,667
Net gain/loss from 103.12 investment entities2022-12-31$0
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2022-12-31No
Was there a failure to transmit to the plan any participant contributions2022-12-31No
Has the plan failed to provide any benefit when due under the plan2022-12-31Yes
Assets. Invements in employer securities at end of year2022-12-31$10,100,248
Assets. Invements in employer securities at beginning of year2022-12-31$12,964,970
Assets. Value of employer real property at end of year2022-12-31$0
Assets. Value of employer real property at beginning of year2022-12-31$0
Contributions received in cash from employer2022-12-31$12,780,428
Employer contributions (assets) at end of year2022-12-31$0
Employer contributions (assets) at beginning of year2022-12-31$0
Income. Dividends from preferred stock2022-12-31$0
Income. Dividends from common stock2022-12-31$403,912
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-12-31$37,274,518
Asset. Corporate debt instrument preferred debt at end of year2022-12-31$0
Asset. Corporate debt instrument preferred debt at beginning of year2022-12-31$0
Asset. Corporate debt instrument debt (other) at end of year2022-12-31$59,047
Asset. Corporate debt instrument debt (other) at beginning of year2022-12-31$0
Contract administrator fees2022-12-31$0
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32022-12-31No
Assets. Corporate common stocks other than exployer securities at end of year2022-12-31$1,173,303
Assets. Corporate common stocks other than exployer securities at beginning of year2022-12-31$0
Liabilities. Value of benefit claims payable at end of year2022-12-31$65,794
Liabilities. Value of benefit claims payable at beginning of year2022-12-31$70,051
Assets. Value of buildings and other operty used in plan operation at end of year2022-12-31$0
Assets. Value of buildings and other operty used in plan operation at beginning of year2022-12-31$0
Did the plan have assets held for investment2022-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2022-12-31No
Aggregate proceeds on sale of assets2022-12-31$979,796
Aggregate carrying amount (costs) on sale of assets2022-12-31$1,091,794
Liabilities. Value of acquisition indebtedness at end of year2022-12-31$0
Liabilities. Value of acquisition indebtedness at beginning of year2022-12-31$0
Opinion of an independent qualified public accountant for this plan2022-12-31Unqualified
Accountancy firm name2022-12-31BAKER TILLY US LLP
Accountancy firm EIN2022-12-31390859910
2021 : VALLEY NATIONAL BANK SAVINGS AND INVESTMENT PLAN 2021 401k financial data
Unrealized appreciation/depreciation of real estate assets2021-12-31$0
Unrealized appreciation/depreciation of other (non real estate) assets2021-12-31$3,723,468
Total unrealized appreciation/depreciation of assets2021-12-31$3,723,468
Total transfer of assets to this plan2021-12-31$276
Total transfer of assets from this plan2021-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-31$74,660
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-31$163,231
Expenses. Interest paid2021-12-31$0
Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-1022021-12-31$0
Total income from all sources (including contributions)2021-12-31$98,138,932
Total loss/gain on sale of assets2021-12-31$514,507
Total of all expenses incurred2021-12-31$46,716,287
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2021-12-31$46,144,342
Expenses. Certain deemed distributions of participant loans2021-12-31$53,281
Value of total corrective distributions2021-12-31$11,286
Total contributions o plan (from employers,participants, others, non cash contrinutions)2021-12-31$34,006,347
Value of total assets at end of year2021-12-31$446,833,820
Value of total assets at beginning of year2021-12-31$395,499,470
Total of administrative expenses incurred including professional, contract, advisory and management fees2021-12-31$507,378
Total income from rents2021-12-31$0
Total interest from all sources2021-12-31$308,991
Total dividends received (eg from common stock, registered investment company shares)2021-12-31$24,539,623
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2021-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2021-12-31$24,102,777
Assets. Real estate other than employer real property at end of year2021-12-31$0
Assets. Real estate other than employer real property at beginning of year2021-12-31$0
Administrative expenses professional fees incurred2021-12-31$0
Assets. Corporate prefeered stocks other than exployer securities at end of year2021-12-31$0
Assets. Corporate prefeered stocks other than exployer securities at beginning of year2021-12-31$0
Was this plan covered by a fidelity bond2021-12-31Yes
Value of fidelity bond cover2021-12-31$40,000,000
If this is an individual account plan, was there a blackout period2021-12-31No
Were there any nonexempt tranactions with any party-in-interest2021-12-31No
Contributions received from participants2021-12-31$20,570,229
Participant contributions at end of year2021-12-31$5,416,744
Participant contributions at beginning of year2021-12-31$5,858,621
Participant contributions at end of year2021-12-31$0
Participant contributions at beginning of year2021-12-31$0
Assets. Other investments not covered elsewhere at end of year2021-12-31$0
Assets. Other investments not covered elsewhere at beginning of year2021-12-31$0
Income. Received or receivable in cash from other sources (including rollovers)2021-12-31$3,321,292
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2021-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at end of year2021-12-31$70,054
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2021-12-31$82,977
Assets. Loans (other than to participants) at end of year2021-12-31$0
Assets. Loans (other than to participants) at beginning of year2021-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2021-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2021-12-31$76,762
Other income not declared elsewhere2021-12-31$0
Administrative expenses (other) incurred2021-12-31$428,442
Liabilities. Value of operating payables at end of year2021-12-31$4,609
Liabilities. Value of operating payables at beginning of year2021-12-31$3,494
Total non interest bearing cash at end of year2021-12-31$0
Total non interest bearing cash at beginning of year2021-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Income. Non cash contributions2021-12-31$0
Value of net income/loss2021-12-31$51,422,645
Value of net assets at end of year (total assets less liabilities)2021-12-31$446,759,160
Value of net assets at beginning of year (total assets less liabilities)2021-12-31$395,336,239
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2021-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2021-12-31No
Were any leases to which the plan was party in default or uncollectible2021-12-31No
Assets. partnership/joint venture interests at end of year2021-12-31$0
Assets. partnership/joint venture interests at beginning of year2021-12-31$0
Investment advisory and management fees2021-12-31$78,936
Value of interest in registered invesment companies (eg mutual funds) at end of year2021-12-31$388,241,488
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2021-12-31$333,825,385
Value of interest in pooled separate accounts at end of year2021-12-31$0
Value of interest in pooled separate accounts at beginning of year2021-12-31$0
Interest on participant loans2021-12-31$307,755
Income. Interest from loans (other than to participants)2021-12-31$0
Interest earned on other investments2021-12-31$0
Income. Interest from US Government securities2021-12-31$0
Income. Interest from corporate debt instruments2021-12-31$0
Value of interest in master investment trust accounts at end of year2021-12-31$0
Value of interest in master investment trust accounts at beginning of year2021-12-31$0
Value of interest in common/collective trusts at end of year2021-12-31$27,021,778
Value of interest in common/collective trusts at beginning of year2021-12-31$30,214,069
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2021-12-31$13,118,786
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2021-12-31$14,803,583
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2021-12-31$14,803,583
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2021-12-31$1,236
Assets. Value of investments in 103.12 investment entities at end of year2021-12-31$0
Assets. Value of investments in 103.12 investment entities at beginning of year2021-12-31$0
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2021-12-31$0
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2021-12-31$0
Expenses. Payments to insurance carriers foe the provision of benefits2021-12-31$0
Asset value of US Government securities at end of year2021-12-31$0
Asset value of US Government securities at beginning of year2021-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2021-12-31$35,166,766
Net investment gain/loss from pooled separate accounts2021-12-31$0
Net investment gain or loss from common/collective trusts2021-12-31$-120,770
Net gain/loss from 103.12 investment entities2021-12-31$0
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2021-12-31No
Was there a failure to transmit to the plan any participant contributions2021-12-31No
Has the plan failed to provide any benefit when due under the plan2021-12-31No
Assets. Invements in employer securities at end of year2021-12-31$12,964,970
Assets. Invements in employer securities at beginning of year2021-12-31$10,714,835
Assets. Value of employer real property at end of year2021-12-31$0
Assets. Value of employer real property at beginning of year2021-12-31$0
Contributions received in cash from employer2021-12-31$10,114,826
Employer contributions (assets) at end of year2021-12-31$0
Employer contributions (assets) at beginning of year2021-12-31$0
Income. Dividends from preferred stock2021-12-31$0
Income. Dividends from common stock2021-12-31$436,846
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2021-12-31$46,144,342
Asset. Corporate debt instrument preferred debt at end of year2021-12-31$0
Asset. Corporate debt instrument preferred debt at beginning of year2021-12-31$0
Asset. Corporate debt instrument debt (other) at end of year2021-12-31$0
Asset. Corporate debt instrument debt (other) at beginning of year2021-12-31$0
Contract administrator fees2021-12-31$0
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32021-12-31No
Assets. Corporate common stocks other than exployer securities at end of year2021-12-31$0
Assets. Corporate common stocks other than exployer securities at beginning of year2021-12-31$0
Liabilities. Value of benefit claims payable at end of year2021-12-31$70,051
Liabilities. Value of benefit claims payable at beginning of year2021-12-31$82,975
Assets. Value of buildings and other operty used in plan operation at end of year2021-12-31$0
Assets. Value of buildings and other operty used in plan operation at beginning of year2021-12-31$0
Did the plan have assets held for investment2021-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2021-12-31No
Aggregate proceeds on sale of assets2021-12-31$2,239,150
Aggregate carrying amount (costs) on sale of assets2021-12-31$1,724,643
Liabilities. Value of acquisition indebtedness at end of year2021-12-31$0
Liabilities. Value of acquisition indebtedness at beginning of year2021-12-31$0
Opinion of an independent qualified public accountant for this plan2021-12-31Unqualified
Accountancy firm name2021-12-31KPMG LLP
Accountancy firm EIN2021-12-31135565207
2020 : VALLEY NATIONAL BANK SAVINGS AND INVESTMENT PLAN 2020 401k financial data
Unrealized appreciation/depreciation of real estate assets2020-12-31$0
Unrealized appreciation/depreciation of other (non real estate) assets2020-12-31$-1,118,626
Total unrealized appreciation/depreciation of assets2020-12-31$-1,118,626
Total transfer of assets to this plan2020-12-31$13,401,183
Total transfer of assets from this plan2020-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2020-12-31$163,231
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2020-12-31$190,886
Expenses. Interest paid2020-12-31$0
Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-1022020-12-31$0
Total income from all sources (including contributions)2020-12-31$101,678,088
Total loss/gain on sale of assets2020-12-31$-360,008
Total of all expenses incurred2020-12-31$27,596,620
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2020-12-31$27,251,968
Expenses. Certain deemed distributions of participant loans2020-12-31$43,921
Value of total corrective distributions2020-12-31$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)2020-12-31$32,339,334
Value of total assets at end of year2020-12-31$395,499,470
Value of total assets at beginning of year2020-12-31$308,044,474
Total of administrative expenses incurred including professional, contract, advisory and management fees2020-12-31$300,731
Total income from rents2020-12-31$0
Total interest from all sources2020-12-31$307,523
Total dividends received (eg from common stock, registered investment company shares)2020-12-31$11,922,486
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2020-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2020-12-31$11,454,038
Assets. Real estate other than employer real property at end of year2020-12-31$0
Assets. Real estate other than employer real property at beginning of year2020-12-31$0
Administrative expenses professional fees incurred2020-12-31$0
Assets. Corporate prefeered stocks other than exployer securities at end of year2020-12-31$0
Assets. Corporate prefeered stocks other than exployer securities at beginning of year2020-12-31$0
Was this plan covered by a fidelity bond2020-12-31Yes
Value of fidelity bond cover2020-12-31$40,000,000
If this is an individual account plan, was there a blackout period2020-12-31No
Were there any nonexempt tranactions with any party-in-interest2020-12-31No
Contributions received from participants2020-12-31$18,950,125
Participant contributions at end of year2020-12-31$5,858,621
Participant contributions at beginning of year2020-12-31$4,779,070
Participant contributions at end of year2020-12-31$0
Participant contributions at beginning of year2020-12-31$0
Assets. Other investments not covered elsewhere at end of year2020-12-31$0
Assets. Other investments not covered elsewhere at beginning of year2020-12-31$0
Income. Received or receivable in cash from other sources (including rollovers)2020-12-31$3,671,770
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2020-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at end of year2020-12-31$82,977
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2020-12-31$74,372
Assets. Loans (other than to participants) at end of year2020-12-31$0
Assets. Loans (other than to participants) at beginning of year2020-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2020-12-31$76,762
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2020-12-31$112,910
Other income not declared elsewhere2020-12-31$0
Administrative expenses (other) incurred2020-12-31$256,440
Liabilities. Value of operating payables at end of year2020-12-31$3,494
Liabilities. Value of operating payables at beginning of year2020-12-31$4,044
Total non interest bearing cash at end of year2020-12-31$0
Total non interest bearing cash at beginning of year2020-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Income. Non cash contributions2020-12-31$0
Value of net income/loss2020-12-31$74,081,468
Value of net assets at end of year (total assets less liabilities)2020-12-31$395,336,239
Value of net assets at beginning of year (total assets less liabilities)2020-12-31$307,853,588
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2020-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2020-12-31No
Were any leases to which the plan was party in default or uncollectible2020-12-31No
Assets. partnership/joint venture interests at end of year2020-12-31$0
Assets. partnership/joint venture interests at beginning of year2020-12-31$0
Investment advisory and management fees2020-12-31$44,291
Value of interest in registered invesment companies (eg mutual funds) at end of year2020-12-31$333,825,385
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2020-12-31$257,040,925
Value of interest in pooled separate accounts at end of year2020-12-31$0
Value of interest in pooled separate accounts at beginning of year2020-12-31$0
Interest on participant loans2020-12-31$268,640
Income. Interest from loans (other than to participants)2020-12-31$0
Interest earned on other investments2020-12-31$0
Income. Interest from US Government securities2020-12-31$0
Income. Interest from corporate debt instruments2020-12-31$0
Value of interest in master investment trust accounts at end of year2020-12-31$0
Value of interest in master investment trust accounts at beginning of year2020-12-31$0
Value of interest in common/collective trusts at end of year2020-12-31$30,214,069
Value of interest in common/collective trusts at beginning of year2020-12-31$23,095,494
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2020-12-31$14,803,583
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2020-12-31$11,360,144
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2020-12-31$11,360,144
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2020-12-31$38,883
Assets. Value of investments in 103.12 investment entities at end of year2020-12-31$0
Assets. Value of investments in 103.12 investment entities at beginning of year2020-12-31$0
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2020-12-31$0
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2020-12-31$0
Expenses. Payments to insurance carriers foe the provision of benefits2020-12-31$0
Asset value of US Government securities at end of year2020-12-31$0
Asset value of US Government securities at beginning of year2020-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2020-12-31$56,680,480
Net investment gain/loss from pooled separate accounts2020-12-31$0
Net investment gain or loss from common/collective trusts2020-12-31$1,906,899
Net gain/loss from 103.12 investment entities2020-12-31$0
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2020-12-31No
Was there a failure to transmit to the plan any participant contributions2020-12-31No
Has the plan failed to provide any benefit when due under the plan2020-12-31Yes
Assets. Invements in employer securities at end of year2020-12-31$10,714,835
Assets. Invements in employer securities at beginning of year2020-12-31$11,694,469
Assets. Value of employer real property at end of year2020-12-31$0
Assets. Value of employer real property at beginning of year2020-12-31$0
Contributions received in cash from employer2020-12-31$9,717,439
Employer contributions (assets) at end of year2020-12-31$0
Employer contributions (assets) at beginning of year2020-12-31$0
Income. Dividends from preferred stock2020-12-31$0
Income. Dividends from common stock2020-12-31$468,448
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2020-12-31$27,251,968
Asset. Corporate debt instrument preferred debt at end of year2020-12-31$0
Asset. Corporate debt instrument preferred debt at beginning of year2020-12-31$0
Asset. Corporate debt instrument debt (other) at end of year2020-12-31$0
Asset. Corporate debt instrument debt (other) at beginning of year2020-12-31$0
Contract administrator fees2020-12-31$0
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32020-12-31No
Assets. Corporate common stocks other than exployer securities at end of year2020-12-31$0
Assets. Corporate common stocks other than exployer securities at beginning of year2020-12-31$0
Liabilities. Value of benefit claims payable at end of year2020-12-31$82,975
Liabilities. Value of benefit claims payable at beginning of year2020-12-31$73,932
Assets. Value of buildings and other operty used in plan operation at end of year2020-12-31$0
Assets. Value of buildings and other operty used in plan operation at beginning of year2020-12-31$0
Did the plan have assets held for investment2020-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2020-12-31No
Aggregate proceeds on sale of assets2020-12-31$1,301,019
Aggregate carrying amount (costs) on sale of assets2020-12-31$1,661,027
Liabilities. Value of acquisition indebtedness at end of year2020-12-31$0
Liabilities. Value of acquisition indebtedness at beginning of year2020-12-31$0
Opinion of an independent qualified public accountant for this plan2020-12-31Disclaimer
Accountancy firm name2020-12-31KPMG LLP
Accountancy firm EIN2020-12-31135565207
2019 : VALLEY NATIONAL BANK SAVINGS AND INVESTMENT PLAN 2019 401k financial data
Unrealized appreciation/depreciation of real estate assets2019-12-31$0
Unrealized appreciation/depreciation of real estate assets2019-12-31$0
Unrealized appreciation/depreciation of other (non real estate) assets2019-12-31$2,533,217
Unrealized appreciation/depreciation of other (non real estate) assets2019-12-31$2,533,217
Total unrealized appreciation/depreciation of assets2019-12-31$2,533,217
Total unrealized appreciation/depreciation of assets2019-12-31$2,533,217
Total transfer of assets to this plan2019-12-31$24,219,783
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$190,886
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$190,886
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$152,243
Expenses. Interest paid2019-12-31$0
Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-1022019-12-31$0
Total income from all sources (including contributions)2019-12-31$86,988,205
Total income from all sources (including contributions)2019-12-31$86,988,205
Total loss/gain on sale of assets2019-12-31$165,997
Total of all expenses incurred2019-12-31$27,629,774
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-12-31$27,553,044
Expenses. Certain deemed distributions of participant loans2019-12-31$499
Value of total corrective distributions2019-12-31$2,867
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-12-31$28,273,226
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-12-31$28,273,226
Value of total assets at end of year2019-12-31$308,044,474
Value of total assets at end of year2019-12-31$308,044,474
Value of total assets at beginning of year2019-12-31$224,427,617
Value of total assets at beginning of year2019-12-31$224,427,617
Total of administrative expenses incurred including professional, contract, advisory and management fees2019-12-31$73,364
Total income from rents2019-12-31$0
Total interest from all sources2019-12-31$476,726
Total interest from all sources2019-12-31$476,726
Total dividends received (eg from common stock, registered investment company shares)2019-12-31$12,354,605
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2019-12-31No
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2019-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2019-12-31$11,897,543
Total dividends received from registered investment company shares (eg mutual funds)2019-12-31$11,897,543
Assets. Real estate other than employer real property at end of year2019-12-31$0
Assets. Real estate other than employer real property at end of year2019-12-31$0
Assets. Real estate other than employer real property at beginning of year2019-12-31$0
Assets. Real estate other than employer real property at beginning of year2019-12-31$0
Administrative expenses professional fees incurred2019-12-31$0
Assets. Corporate prefeered stocks other than exployer securities at end of year2019-12-31$0
Assets. Corporate prefeered stocks other than exployer securities at end of year2019-12-31$0
Assets. Corporate prefeered stocks other than exployer securities at beginning of year2019-12-31$0
Assets. Corporate prefeered stocks other than exployer securities at beginning of year2019-12-31$0
Was this plan covered by a fidelity bond2019-12-31Yes
Was this plan covered by a fidelity bond2019-12-31Yes
Value of fidelity bond cover2019-12-31$40,000,000
Value of fidelity bond cover2019-12-31$40,000,000
If this is an individual account plan, was there a blackout period2019-12-31No
If this is an individual account plan, was there a blackout period2019-12-31No
Were there any nonexempt tranactions with any party-in-interest2019-12-31No
Were there any nonexempt tranactions with any party-in-interest2019-12-31No
Contributions received from participants2019-12-31$16,793,154
Contributions received from participants2019-12-31$16,793,154
Participant contributions at end of year2019-12-31$4,779,070
Participant contributions at end of year2019-12-31$4,779,070
Participant contributions at beginning of year2019-12-31$4,145,356
Participant contributions at beginning of year2019-12-31$4,145,356
Participant contributions at end of year2019-12-31$0
Participant contributions at end of year2019-12-31$0
Participant contributions at beginning of year2019-12-31$13
Participant contributions at beginning of year2019-12-31$13
Assets. Other investments not covered elsewhere at end of year2019-12-31$0
Assets. Other investments not covered elsewhere at end of year2019-12-31$0
Assets. Other investments not covered elsewhere at beginning of year2019-12-31$0
Assets. Other investments not covered elsewhere at beginning of year2019-12-31$0
Income. Received or receivable in cash from other sources (including rollovers)2019-12-31$3,228,229
Income. Received or receivable in cash from other sources (including rollovers)2019-12-31$3,228,229
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2019-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at end of year2019-12-31$74,372
Value of other receiveables (less allowance for doubtful accounts) at end of year2019-12-31$74,372
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2019-12-31$75,368
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2019-12-31$75,368
Assets. Loans (other than to participants) at end of year2019-12-31$0
Assets. Loans (other than to participants) at end of year2019-12-31$0
Assets. Loans (other than to participants) at beginning of year2019-12-31$0
Assets. Loans (other than to participants) at beginning of year2019-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2019-12-31$112,910
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2019-12-31$112,910
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2019-12-31$73,802
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2019-12-31$73,802
Other income not declared elsewhere2019-12-31$0
Other income not declared elsewhere2019-12-31$0
Administrative expenses (other) incurred2019-12-31$44,947
Liabilities. Value of operating payables at end of year2019-12-31$4,044
Liabilities. Value of operating payables at end of year2019-12-31$4,044
Liabilities. Value of operating payables at beginning of year2019-12-31$3,590
Liabilities. Value of operating payables at beginning of year2019-12-31$3,590
Total non interest bearing cash at end of year2019-12-31$0
Total non interest bearing cash at end of year2019-12-31$0
Total non interest bearing cash at beginning of year2019-12-31$0
Total non interest bearing cash at beginning of year2019-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Income. Non cash contributions2019-12-31$0
Income. Non cash contributions2019-12-31$0
Value of net income/loss2019-12-31$59,358,431
Value of net assets at end of year (total assets less liabilities)2019-12-31$307,853,588
Value of net assets at end of year (total assets less liabilities)2019-12-31$307,853,588
Value of net assets at beginning of year (total assets less liabilities)2019-12-31$224,275,374
Value of net assets at beginning of year (total assets less liabilities)2019-12-31$224,275,374
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2019-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2019-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2019-12-31No
Were any leases to which the plan was party in default or uncollectible2019-12-31No
Were any leases to which the plan was party in default or uncollectible2019-12-31No
Assets. partnership/joint venture interests at end of year2019-12-31$0
Assets. partnership/joint venture interests at end of year2019-12-31$0
Assets. partnership/joint venture interests at beginning of year2019-12-31$0
Assets. partnership/joint venture interests at beginning of year2019-12-31$0
Investment advisory and management fees2019-12-31$28,417
Value of interest in registered invesment companies (eg mutual funds) at end of year2019-12-31$257,040,925
Value of interest in registered invesment companies (eg mutual funds) at end of year2019-12-31$257,040,925
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2019-12-31$183,589,047
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2019-12-31$183,589,047
Value of interest in pooled separate accounts at end of year2019-12-31$0
Value of interest in pooled separate accounts at end of year2019-12-31$0
Value of interest in pooled separate accounts at beginning of year2019-12-31$0
Value of interest in pooled separate accounts at beginning of year2019-12-31$0
Interest on participant loans2019-12-31$254,440
Interest on participant loans2019-12-31$254,440
Income. Interest from loans (other than to participants)2019-12-31$0
Income. Interest from loans (other than to participants)2019-12-31$0
Interest earned on other investments2019-12-31$0
Income. Interest from US Government securities2019-12-31$0
Income. Interest from US Government securities2019-12-31$0
Income. Interest from corporate debt instruments2019-12-31$0
Income. Interest from corporate debt instruments2019-12-31$0
Value of interest in master investment trust accounts at end of year2019-12-31$0
Value of interest in master investment trust accounts at end of year2019-12-31$0
Value of interest in master investment trust accounts at beginning of year2019-12-31$0
Value of interest in master investment trust accounts at beginning of year2019-12-31$0
Value of interest in common/collective trusts at end of year2019-12-31$23,095,494
Value of interest in common/collective trusts at end of year2019-12-31$23,095,494
Value of interest in common/collective trusts at beginning of year2019-12-31$16,914,558
Value of interest in common/collective trusts at beginning of year2019-12-31$16,914,558
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2019-12-31$11,360,144
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2019-12-31$11,360,144
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2019-12-31$10,261,336
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2019-12-31$10,261,336
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2019-12-31$10,261,336
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2019-12-31$10,261,336
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2019-12-31$222,286
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2019-12-31$222,286
Assets. Value of investments in 103.12 investment entities at end of year2019-12-31$0
Assets. Value of investments in 103.12 investment entities at end of year2019-12-31$0
Assets. Value of investments in 103.12 investment entities at beginning of year2019-12-31$0
Assets. Value of investments in 103.12 investment entities at beginning of year2019-12-31$0
Expenses. Payments to insurance carriers foe the provision of benefits2019-12-31$0
Asset value of US Government securities at end of year2019-12-31$0
Asset value of US Government securities at end of year2019-12-31$0
Asset value of US Government securities at beginning of year2019-12-31$0
Asset value of US Government securities at beginning of year2019-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2019-12-31$41,772,965
Net investment gain/loss from registered investment companies (e.g. mutual funds)2019-12-31$41,772,965
Net investment gain/loss from pooled separate accounts2019-12-31$0
Net investment gain/loss from pooled separate accounts2019-12-31$0
Net investment gain or loss from common/collective trusts2019-12-31$1,411,469
Net investment gain or loss from common/collective trusts2019-12-31$1,411,469
Net gain/loss from 103.12 investment entities2019-12-31$0
Net gain/loss from 103.12 investment entities2019-12-31$0
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2019-12-31No
Was there a failure to transmit to the plan any participant contributions2019-12-31No
Was there a failure to transmit to the plan any participant contributions2019-12-31No
Has the plan failed to provide any benefit when due under the plan2019-12-31Yes
Has the plan failed to provide any benefit when due under the plan2019-12-31Yes
Assets. Invements in employer securities at end of year2019-12-31$11,694,469
Assets. Invements in employer securities at end of year2019-12-31$11,694,469
Assets. Invements in employer securities at beginning of year2019-12-31$9,441,939
Assets. Invements in employer securities at beginning of year2019-12-31$9,441,939
Assets. Value of employer real property at end of year2019-12-31$0
Assets. Value of employer real property at end of year2019-12-31$0
Assets. Value of employer real property at beginning of year2019-12-31$0
Assets. Value of employer real property at beginning of year2019-12-31$0
Contributions received in cash from employer2019-12-31$8,251,843
Contributions received in cash from employer2019-12-31$8,251,843
Employer contributions (assets) at end of year2019-12-31$0
Employer contributions (assets) at end of year2019-12-31$0
Employer contributions (assets) at beginning of year2019-12-31$0
Employer contributions (assets) at beginning of year2019-12-31$0
Income. Dividends from preferred stock2019-12-31$0
Income. Dividends from preferred stock2019-12-31$0
Income. Dividends from common stock2019-12-31$457,062
Income. Dividends from common stock2019-12-31$457,062
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-12-31$27,553,044
Asset. Corporate debt instrument preferred debt at end of year2019-12-31$0
Asset. Corporate debt instrument preferred debt at end of year2019-12-31$0
Asset. Corporate debt instrument preferred debt at beginning of year2019-12-31$0
Asset. Corporate debt instrument preferred debt at beginning of year2019-12-31$0
Asset. Corporate debt instrument debt (other) at end of year2019-12-31$0
Asset. Corporate debt instrument debt (other) at end of year2019-12-31$0
Asset. Corporate debt instrument debt (other) at beginning of year2019-12-31$0
Asset. Corporate debt instrument debt (other) at beginning of year2019-12-31$0
Contract administrator fees2019-12-31$0
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32019-12-31No
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32019-12-31No
Assets. Corporate common stocks other than exployer securities at end of year2019-12-31$0
Assets. Corporate common stocks other than exployer securities at end of year2019-12-31$0
Assets. Corporate common stocks other than exployer securities at beginning of year2019-12-31$0
Assets. Corporate common stocks other than exployer securities at beginning of year2019-12-31$0
Liabilities. Value of benefit claims payable at end of year2019-12-31$73,932
Liabilities. Value of benefit claims payable at end of year2019-12-31$73,932
Liabilities. Value of benefit claims payable at beginning of year2019-12-31$74,851
Liabilities. Value of benefit claims payable at beginning of year2019-12-31$74,851
Assets. Value of buildings and other operty used in plan operation at end of year2019-12-31$0
Assets. Value of buildings and other operty used in plan operation at end of year2019-12-31$0
Assets. Value of buildings and other operty used in plan operation at beginning of year2019-12-31$0
Assets. Value of buildings and other operty used in plan operation at beginning of year2019-12-31$0
Did the plan have assets held for investment2019-12-31Yes
Did the plan have assets held for investment2019-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2019-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2019-12-31No
Aggregate proceeds on sale of assets2019-12-31$1,091,498
Aggregate carrying amount (costs) on sale of assets2019-12-31$925,501
Liabilities. Value of acquisition indebtedness at end of year2019-12-31$0
Liabilities. Value of acquisition indebtedness at end of year2019-12-31$0
Liabilities. Value of acquisition indebtedness at beginning of year2019-12-31$0
Liabilities. Value of acquisition indebtedness at beginning of year2019-12-31$0
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2019-12-31Yes
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2019-12-31Yes
Opinion of an independent qualified public accountant for this plan2019-12-31Disclaimer
Opinion of an independent qualified public accountant for this plan2019-12-31Disclaimer
Accountancy firm name2019-12-31KPMG LLP
Accountancy firm EIN2019-12-31135565207
Accountancy firm EIN2019-12-31135565207
2018 : VALLEY NATIONAL BANK SAVINGS AND INVESTMENT PLAN 2018 401k financial data
Unrealized appreciation/depreciation of real estate assets2018-12-31$0
Unrealized appreciation/depreciation of other (non real estate) assets2018-12-31$-2,492,549
Total unrealized appreciation/depreciation of assets2018-12-31$-2,492,549
Total transfer of assets to this plan2018-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2018-12-31$152,243
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2018-12-31$142,690
Expenses. Interest paid2018-12-31$0
Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-1022018-12-31$0
Total income from all sources (including contributions)2018-12-31$12,636,883
Total loss/gain on sale of assets2018-12-31$101,311
Total of all expenses incurred2018-12-31$19,988,287
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2018-12-31$19,945,899
Expenses. Certain deemed distributions of participant loans2018-12-31$15,010
Value of total corrective distributions2018-12-31$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)2018-12-31$25,770,175
Value of total assets at end of year2018-12-31$224,427,617
Value of total assets at beginning of year2018-12-31$231,769,468
Total of administrative expenses incurred including professional, contract, advisory and management fees2018-12-31$27,378
Total income from rents2018-12-31$0
Total interest from all sources2018-12-31$360,711
Total dividends received (eg from common stock, registered investment company shares)2018-12-31$13,101,149
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2018-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2018-12-31$12,639,366
Assets. Real estate other than employer real property at end of year2018-12-31$0
Assets. Real estate other than employer real property at beginning of year2018-12-31$0
Administrative expenses professional fees incurred2018-12-31$0
Assets. Corporate prefeered stocks other than exployer securities at end of year2018-12-31$0
Assets. Corporate prefeered stocks other than exployer securities at beginning of year2018-12-31$0
Was this plan covered by a fidelity bond2018-12-31Yes
Value of fidelity bond cover2018-12-31$30,000,000
If this is an individual account plan, was there a blackout period2018-12-31No
Were there any nonexempt tranactions with any party-in-interest2018-12-31No
Contributions received from participants2018-12-31$14,230,840
Participant contributions at end of year2018-12-31$4,145,356
Participant contributions at beginning of year2018-12-31$3,858,070
Participant contributions at end of year2018-12-31$13
Participant contributions at beginning of year2018-12-31$0
Assets. Other investments not covered elsewhere at end of year2018-12-31$0
Assets. Other investments not covered elsewhere at beginning of year2018-12-31$0
Income. Received or receivable in cash from other sources (including rollovers)2018-12-31$4,359,356
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2018-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at end of year2018-12-31$75,368
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2018-12-31$76,685
Assets. Loans (other than to participants) at end of year2018-12-31$0
Assets. Loans (other than to participants) at beginning of year2018-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2018-12-31$73,802
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2018-12-31$62,062
Other income not declared elsewhere2018-12-31$0
Administrative expenses (other) incurred2018-12-31$15,233
Liabilities. Value of operating payables at end of year2018-12-31$3,590
Liabilities. Value of operating payables at beginning of year2018-12-31$4,231
Total non interest bearing cash at end of year2018-12-31$0
Total non interest bearing cash at beginning of year2018-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Income. Non cash contributions2018-12-31$0
Value of net income/loss2018-12-31$-7,351,404
Value of net assets at end of year (total assets less liabilities)2018-12-31$224,275,374
Value of net assets at beginning of year (total assets less liabilities)2018-12-31$231,626,778
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2018-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2018-12-31No
Were any leases to which the plan was party in default or uncollectible2018-12-31No
Assets. partnership/joint venture interests at end of year2018-12-31$0
Assets. partnership/joint venture interests at beginning of year2018-12-31$0
Investment advisory and management fees2018-12-31$12,145
Value of interest in registered invesment companies (eg mutual funds) at end of year2018-12-31$183,589,047
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2018-12-31$190,170,720
Value of interest in pooled separate accounts at end of year2018-12-31$0
Value of interest in pooled separate accounts at beginning of year2018-12-31$0
Interest on participant loans2018-12-31$201,475
Income. Interest from loans (other than to participants)2018-12-31$0
Interest earned on other investments2018-12-31$0
Income. Interest from US Government securities2018-12-31$0
Income. Interest from corporate debt instruments2018-12-31$0
Value of interest in master investment trust accounts at end of year2018-12-31$0
Value of interest in master investment trust accounts at beginning of year2018-12-31$0
Value of interest in common/collective trusts at end of year2018-12-31$16,914,558
Value of interest in common/collective trusts at beginning of year2018-12-31$16,181,244
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2018-12-31$10,261,336
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2018-12-31$9,174,790
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2018-12-31$9,174,790
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2018-12-31$159,236
Assets. Value of investments in 103.12 investment entities at end of year2018-12-31$0
Assets. Value of investments in 103.12 investment entities at beginning of year2018-12-31$0
Expenses. Payments to insurance carriers foe the provision of benefits2018-12-31$0
Asset value of US Government securities at end of year2018-12-31$0
Asset value of US Government securities at beginning of year2018-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2018-12-31$-24,233,618
Net investment gain/loss from pooled separate accounts2018-12-31$0
Net investment gain or loss from common/collective trusts2018-12-31$29,704
Net gain/loss from 103.12 investment entities2018-12-31$0
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2018-12-31No
Was there a failure to transmit to the plan any participant contributions2018-12-31No
Has the plan failed to provide any benefit when due under the plan2018-12-31No
Assets. Invements in employer securities at end of year2018-12-31$9,441,939
Assets. Invements in employer securities at beginning of year2018-12-31$12,307,959
Assets. Value of employer real property at end of year2018-12-31$0
Assets. Value of employer real property at beginning of year2018-12-31$0
Contributions received in cash from employer2018-12-31$7,179,979
Employer contributions (assets) at end of year2018-12-31$0
Employer contributions (assets) at beginning of year2018-12-31$0
Income. Dividends from preferred stock2018-12-31$0
Income. Dividends from common stock2018-12-31$461,783
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2018-12-31$19,945,899
Asset. Corporate debt instrument preferred debt at end of year2018-12-31$0
Asset. Corporate debt instrument preferred debt at beginning of year2018-12-31$0
Asset. Corporate debt instrument debt (other) at end of year2018-12-31$0
Asset. Corporate debt instrument debt (other) at beginning of year2018-12-31$0
Contract administrator fees2018-12-31$0
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32018-12-31No
Assets. Corporate common stocks other than exployer securities at end of year2018-12-31$0
Assets. Corporate common stocks other than exployer securities at beginning of year2018-12-31$0
Liabilities. Value of benefit claims payable at end of year2018-12-31$74,851
Liabilities. Value of benefit claims payable at beginning of year2018-12-31$76,397
Assets. Value of buildings and other operty used in plan operation at end of year2018-12-31$0
Assets. Value of buildings and other operty used in plan operation at beginning of year2018-12-31$0
Did the plan have assets held for investment2018-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2018-12-31No
Aggregate proceeds on sale of assets2018-12-31$1,367,767
Aggregate carrying amount (costs) on sale of assets2018-12-31$1,266,456
Liabilities. Value of acquisition indebtedness at end of year2018-12-31$0
Liabilities. Value of acquisition indebtedness at beginning of year2018-12-31$0
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2018-12-31No
Opinion of an independent qualified public accountant for this plan2018-12-31Unqualified
Accountancy firm name2018-12-31KPMG LLP
Accountancy firm EIN2018-12-31135565207
2017 : VALLEY NATIONAL BANK SAVINGS AND INVESTMENT PLAN 2017 401k financial data
Unrealized appreciation/depreciation of real estate assets2017-12-31$0
Unrealized appreciation/depreciation of other (non real estate) assets2017-12-31$-463,880
Total unrealized appreciation/depreciation of assets2017-12-31$-463,880
Total transfer of assets to this plan2017-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2017-12-31$142,690
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2017-12-31$184,747
Expenses. Interest paid2017-12-31$0
Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-1022017-12-31$0
Total income from all sources (including contributions)2017-12-31$56,604,482
Total loss/gain on sale of assets2017-12-31$4,348
Total of all expenses incurred2017-12-31$19,591,322
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2017-12-31$19,523,403
Expenses. Certain deemed distributions of participant loans2017-12-31$0
Value of total corrective distributions2017-12-31$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)2017-12-31$21,475,559
Value of total assets at end of year2017-12-31$231,769,468
Value of total assets at beginning of year2017-12-31$194,798,365
Total of administrative expenses incurred including professional, contract, advisory and management fees2017-12-31$67,919
Total income from rents2017-12-31$0
Total interest from all sources2017-12-31$231,684
Total dividends received (eg from common stock, registered investment company shares)2017-12-31$10,758,514
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2017-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2017-12-31$10,274,973
Assets. Real estate other than employer real property at end of year2017-12-31$0
Assets. Real estate other than employer real property at beginning of year2017-12-31$0
Administrative expenses professional fees incurred2017-12-31$0
Assets. Corporate prefeered stocks other than exployer securities at end of year2017-12-31$0
Assets. Corporate prefeered stocks other than exployer securities at beginning of year2017-12-31$0
Was this plan covered by a fidelity bond2017-12-31Yes
Value of fidelity bond cover2017-12-31$30,000,000
If this is an individual account plan, was there a blackout period2017-12-31No
Were there any nonexempt tranactions with any party-in-interest2017-12-31No
Contributions received from participants2017-12-31$13,129,483
Participant contributions at end of year2017-12-31$3,858,070
Participant contributions at beginning of year2017-12-31$3,358,726
Participant contributions at end of year2017-12-31$0
Participant contributions at beginning of year2017-12-31$0
Assets. Other investments not covered elsewhere at end of year2017-12-31$0
Assets. Other investments not covered elsewhere at beginning of year2017-12-31$0
Income. Received or receivable in cash from other sources (including rollovers)2017-12-31$1,435,857
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2017-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at end of year2017-12-31$76,685
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2017-12-31$11,596,331
Assets. Loans (other than to participants) at end of year2017-12-31$0
Assets. Loans (other than to participants) at beginning of year2017-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2017-12-31$62,062
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2017-12-31$96,236
Other income not declared elsewhere2017-12-31$0
Administrative expenses (other) incurred2017-12-31$67,513
Liabilities. Value of operating payables at end of year2017-12-31$4,231
Liabilities. Value of operating payables at beginning of year2017-12-31$3,877
Total non interest bearing cash at end of year2017-12-31$0
Total non interest bearing cash at beginning of year2017-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2017-12-31No
Income. Non cash contributions2017-12-31$0
Value of net income/loss2017-12-31$37,013,160
Value of net assets at end of year (total assets less liabilities)2017-12-31$231,626,778
Value of net assets at beginning of year (total assets less liabilities)2017-12-31$194,613,618
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2017-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2017-12-31No
Were any leases to which the plan was party in default or uncollectible2017-12-31No
Assets. partnership/joint venture interests at end of year2017-12-31$0
Assets. partnership/joint venture interests at beginning of year2017-12-31$0
Investment advisory and management fees2017-12-31$406
Value of interest in registered invesment companies (eg mutual funds) at end of year2017-12-31$190,170,720
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2017-12-31$153,083,383
Value of interest in pooled separate accounts at end of year2017-12-31$0
Value of interest in pooled separate accounts at beginning of year2017-12-31$0
Interest on participant loans2017-12-31$166,283
Income. Interest from loans (other than to participants)2017-12-31$0
Interest earned on other investments2017-12-31$0
Income. Interest from US Government securities2017-12-31$0
Income. Interest from corporate debt instruments2017-12-31$0
Value of interest in master investment trust accounts at end of year2017-12-31$0
Value of interest in master investment trust accounts at beginning of year2017-12-31$0
Value of interest in common/collective trusts at end of year2017-12-31$16,181,244
Value of interest in common/collective trusts at beginning of year2017-12-31$4,317,053
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2017-12-31$9,174,790
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2017-12-31$9,586,668
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2017-12-31$9,586,668
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2017-12-31$65,401
Assets. Value of investments in 103.12 investment entities at end of year2017-12-31$0
Assets. Value of investments in 103.12 investment entities at beginning of year2017-12-31$0
Expenses. Payments to insurance carriers foe the provision of benefits2017-12-31$0
Asset value of US Government securities at end of year2017-12-31$0
Asset value of US Government securities at beginning of year2017-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2017-12-31$24,115,849
Net investment gain/loss from pooled separate accounts2017-12-31$0
Net investment gain or loss from common/collective trusts2017-12-31$482,408
Net gain/loss from 103.12 investment entities2017-12-31$0
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2017-12-31No
Was there a failure to transmit to the plan any participant contributions2017-12-31No
Has the plan failed to provide any benefit when due under the plan2017-12-31Yes
Assets. Invements in employer securities at end of year2017-12-31$12,307,959
Assets. Invements in employer securities at beginning of year2017-12-31$12,856,204
Assets. Value of employer real property at end of year2017-12-31$0
Assets. Value of employer real property at beginning of year2017-12-31$0
Contributions received in cash from employer2017-12-31$6,910,219
Employer contributions (assets) at end of year2017-12-31$0
Employer contributions (assets) at beginning of year2017-12-31$0
Income. Dividends from preferred stock2017-12-31$0
Income. Dividends from common stock2017-12-31$483,541
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2017-12-31$19,523,403
Asset. Corporate debt instrument preferred debt at end of year2017-12-31$0
Asset. Corporate debt instrument preferred debt at beginning of year2017-12-31$0
Asset. Corporate debt instrument debt (other) at end of year2017-12-31$0
Asset. Corporate debt instrument debt (other) at beginning of year2017-12-31$0
Contract administrator fees2017-12-31$0
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32017-12-31No
Assets. Corporate common stocks other than exployer securities at end of year2017-12-31$0
Assets. Corporate common stocks other than exployer securities at beginning of year2017-12-31$0
Liabilities. Value of benefit claims payable at end of year2017-12-31$76,397
Liabilities. Value of benefit claims payable at beginning of year2017-12-31$84,634
Assets. Value of buildings and other operty used in plan operation at end of year2017-12-31$0
Assets. Value of buildings and other operty used in plan operation at beginning of year2017-12-31$0
Did the plan have assets held for investment2017-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2017-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2017-12-31No
Aggregate proceeds on sale of assets2017-12-31$929,076
Aggregate carrying amount (costs) on sale of assets2017-12-31$924,728
Liabilities. Value of acquisition indebtedness at end of year2017-12-31$0
Liabilities. Value of acquisition indebtedness at beginning of year2017-12-31$0
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2017-12-31No
Opinion of an independent qualified public accountant for this plan2017-12-31Unqualified
Accountancy firm name2017-12-31KPMG LLP
Accountancy firm EIN2017-12-31135565207
2016 : VALLEY NATIONAL BANK SAVINGS AND INVESTMENT PLAN 2016 401k financial data
Unrealized appreciation/depreciation of real estate assets2016-12-31$0
Unrealized appreciation/depreciation of other (non real estate) assets2016-12-31$2,012,013
Total unrealized appreciation/depreciation of assets2016-12-31$2,012,013
Total transfer of assets to this plan2016-12-31$11,514,941
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2016-12-31$184,747
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2016-12-31$140,503
Expenses. Interest paid2016-12-31$0
Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-1022016-12-31$0
Total income from all sources (including contributions)2016-12-31$33,189,875
Total loss/gain on sale of assets2016-12-31$17,306
Total of all expenses incurred2016-12-31$18,603,661
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2016-12-31$18,566,520
Expenses. Certain deemed distributions of participant loans2016-12-31$2,401
Value of total corrective distributions2016-12-31$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)2016-12-31$19,328,106
Value of total assets at end of year2016-12-31$194,798,365
Value of total assets at beginning of year2016-12-31$168,652,966
Total of administrative expenses incurred including professional, contract, advisory and management fees2016-12-31$34,740
Total income from rents2016-12-31$0
Total interest from all sources2016-12-31$162,860
Total dividends received (eg from common stock, registered investment company shares)2016-12-31$6,550,128
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2016-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2016-12-31$6,052,590
Assets. Real estate other than employer real property at end of year2016-12-31$0
Assets. Real estate other than employer real property at beginning of year2016-12-31$0
Administrative expenses professional fees incurred2016-12-31$0
Assets. Corporate prefeered stocks other than exployer securities at end of year2016-12-31$0
Assets. Corporate prefeered stocks other than exployer securities at beginning of year2016-12-31$0
Was this plan covered by a fidelity bond2016-12-31Yes
Value of fidelity bond cover2016-12-31$30,000,000
If this is an individual account plan, was there a blackout period2016-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2016-12-31$0
Were there any nonexempt tranactions with any party-in-interest2016-12-31No
Contributions received from participants2016-12-31$11,635,197
Participant contributions at end of year2016-12-31$3,358,726
Participant contributions at beginning of year2016-12-31$2,996,157
Participant contributions at end of year2016-12-31$0
Participant contributions at beginning of year2016-12-31$0
Assets. Other investments not covered elsewhere at end of year2016-12-31$0
Assets. Other investments not covered elsewhere at beginning of year2016-12-31$0
Income. Received or receivable in cash from other sources (including rollovers)2016-12-31$1,315,598
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2016-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at end of year2016-12-31$11,596,331
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2016-12-31$72,233
Assets. Loans (other than to participants) at end of year2016-12-31$0
Assets. Loans (other than to participants) at beginning of year2016-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2016-12-31$96,236
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2016-12-31$64,722
Other income not declared elsewhere2016-12-31$0
Administrative expenses (other) incurred2016-12-31$34,740
Liabilities. Value of operating payables at end of year2016-12-31$3,877
Liabilities. Value of operating payables at beginning of year2016-12-31$3,600
Total non interest bearing cash at end of year2016-12-31$0
Total non interest bearing cash at beginning of year2016-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2016-12-31No
Income. Non cash contributions2016-12-31$0
Value of net income/loss2016-12-31$14,586,214
Value of net assets at end of year (total assets less liabilities)2016-12-31$194,613,618
Value of net assets at beginning of year (total assets less liabilities)2016-12-31$168,512,463
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2016-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2016-12-31No
Were any leases to which the plan was party in default or uncollectible2016-12-31No
Assets. partnership/joint venture interests at end of year2016-12-31$0
Assets. partnership/joint venture interests at beginning of year2016-12-31$0
Investment advisory and management fees2016-12-31$0
Value of interest in registered invesment companies (eg mutual funds) at end of year2016-12-31$153,083,383
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2016-12-31$141,382,759
Value of interest in pooled separate accounts at end of year2016-12-31$0
Value of interest in pooled separate accounts at beginning of year2016-12-31$0
Interest on participant loans2016-12-31$133,544
Income. Interest from loans (other than to participants)2016-12-31$0
Interest earned on other investments2016-12-31$0
Income. Interest from US Government securities2016-12-31$0
Income. Interest from corporate debt instruments2016-12-31$0
Value of interest in master investment trust accounts at end of year2016-12-31$0
Value of interest in master investment trust accounts at beginning of year2016-12-31$0
Value of interest in common/collective trusts at end of year2016-12-31$4,317,053
Value of interest in common/collective trusts at beginning of year2016-12-31$4,128,366
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2016-12-31$9,586,668
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2016-12-31$9,054,904
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2016-12-31$9,054,904
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2016-12-31$29,316
Assets. Value of investments in 103.12 investment entities at end of year2016-12-31$0
Assets. Value of investments in 103.12 investment entities at beginning of year2016-12-31$0
Expenses. Payments to insurance carriers foe the provision of benefits2016-12-31$0
Asset value of US Government securities at end of year2016-12-31$0
Asset value of US Government securities at beginning of year2016-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2016-12-31$5,064,012
Net investment gain/loss from pooled separate accounts2016-12-31$0
Net investment gain or loss from common/collective trusts2016-12-31$55,450
Net gain/loss from 103.12 investment entities2016-12-31$0
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2016-12-31No
Was there a failure to transmit to the plan any participant contributions2016-12-31No
Has the plan failed to provide any benefit when due under the plan2016-12-31Yes
Assets. Invements in employer securities at end of year2016-12-31$12,856,204
Assets. Invements in employer securities at beginning of year2016-12-31$11,018,547
Assets. Value of employer real property at end of year2016-12-31$0
Assets. Value of employer real property at beginning of year2016-12-31$0
Contributions received in cash from employer2016-12-31$6,377,311
Employer contributions (assets) at end of year2016-12-31$0
Employer contributions (assets) at beginning of year2016-12-31$0
Income. Dividends from preferred stock2016-12-31$0
Income. Dividends from common stock2016-12-31$497,538
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2016-12-31$18,566,520
Asset. Corporate debt instrument preferred debt at end of year2016-12-31$0
Asset. Corporate debt instrument preferred debt at beginning of year2016-12-31$0
Asset. Corporate debt instrument debt (other) at end of year2016-12-31$0
Asset. Corporate debt instrument debt (other) at beginning of year2016-12-31$0
Contract administrator fees2016-12-31$0
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32016-12-31No
Assets. Corporate common stocks other than exployer securities at end of year2016-12-31$0
Assets. Corporate common stocks other than exployer securities at beginning of year2016-12-31$0
Liabilities. Value of benefit claims payable at end of year2016-12-31$84,634
Liabilities. Value of benefit claims payable at beginning of year2016-12-31$72,181
Assets. Value of buildings and other operty used in plan operation at end of year2016-12-31$0
Assets. Value of buildings and other operty used in plan operation at beginning of year2016-12-31$0
Did the plan have assets held for investment2016-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2016-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2016-12-31No
Aggregate proceeds on sale of assets2016-12-31$1,085,251
Aggregate carrying amount (costs) on sale of assets2016-12-31$1,067,945
Liabilities. Value of acquisition indebtedness at end of year2016-12-31$0
Liabilities. Value of acquisition indebtedness at beginning of year2016-12-31$0
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2016-12-31No
Opinion of an independent qualified public accountant for this plan2016-12-31Unqualified
Accountancy firm name2016-12-31KPMG LLP
Accountancy firm EIN2016-12-31135565207
2015 : VALLEY NATIONAL BANK SAVINGS AND INVESTMENT PLAN 2015 401k financial data
Unrealized appreciation/depreciation of real estate assets2015-12-31$0
Unrealized appreciation/depreciation of other (non real estate) assets2015-12-31$153,175
Total unrealized appreciation/depreciation of assets2015-12-31$153,175
Total transfer of assets to this plan2015-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2015-12-31$140,503
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2015-12-31$157,660
Expenses. Interest paid2015-12-31$0
Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-1022015-12-31$0
Total income from all sources (including contributions)2015-12-31$19,683,244
Total loss/gain on sale of assets2015-12-31$2,295
Total of all expenses incurred2015-12-31$10,811,259
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2015-12-31$10,766,665
Expenses. Certain deemed distributions of participant loans2015-12-31$5,108
Value of total corrective distributions2015-12-31$82
Total contributions o plan (from employers,participants, others, non cash contrinutions)2015-12-31$17,260,557
Value of total assets at end of year2015-12-31$168,652,966
Value of total assets at beginning of year2015-12-31$159,798,138
Total of administrative expenses incurred including professional, contract, advisory and management fees2015-12-31$39,404
Total income from rents2015-12-31$0
Total interest from all sources2015-12-31$121,665
Total dividends received (eg from common stock, registered investment company shares)2015-12-31$7,150,402
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2015-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2015-12-31$6,659,089
Assets. Real estate other than employer real property at end of year2015-12-31$0
Assets. Real estate other than employer real property at beginning of year2015-12-31$0
Administrative expenses professional fees incurred2015-12-31$0
Assets. Corporate prefeered stocks other than exployer securities at end of year2015-12-31$0
Assets. Corporate prefeered stocks other than exployer securities at beginning of year2015-12-31$0
Was this plan covered by a fidelity bond2015-12-31Yes
Value of fidelity bond cover2015-12-31$30,000,000
If this is an individual account plan, was there a blackout period2015-12-31No
Were there any nonexempt tranactions with any party-in-interest2015-12-31No
Contributions received from participants2015-12-31$10,063,119
Participant contributions at end of year2015-12-31$2,996,157
Participant contributions at beginning of year2015-12-31$2,755,171
Participant contributions at end of year2015-12-31$0
Participant contributions at beginning of year2015-12-31$0
Assets. Other investments not covered elsewhere at end of year2015-12-31$0
Assets. Other investments not covered elsewhere at beginning of year2015-12-31$0
Income. Received or receivable in cash from other sources (including rollovers)2015-12-31$833,599
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2015-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at end of year2015-12-31$72,233
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2015-12-31$83,188
Assets. Loans (other than to participants) at end of year2015-12-31$0
Assets. Loans (other than to participants) at beginning of year2015-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2015-12-31$64,722
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2015-12-31$80,369
Other income not declared elsewhere2015-12-31$0
Administrative expenses (other) incurred2015-12-31$39,404
Liabilities. Value of operating payables at end of year2015-12-31$3,600
Liabilities. Value of operating payables at beginning of year2015-12-31$3,471
Total non interest bearing cash at end of year2015-12-31$0
Total non interest bearing cash at beginning of year2015-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2015-12-31No
Income. Non cash contributions2015-12-31$0
Value of net income/loss2015-12-31$8,871,985
Value of net assets at end of year (total assets less liabilities)2015-12-31$168,512,463
Value of net assets at beginning of year (total assets less liabilities)2015-12-31$159,640,478
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2015-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2015-12-31No
Were any leases to which the plan was party in default or uncollectible2015-12-31No
Assets. partnership/joint venture interests at end of year2015-12-31$0
Assets. partnership/joint venture interests at beginning of year2015-12-31$0
Investment advisory and management fees2015-12-31$0
Value of interest in registered invesment companies (eg mutual funds) at end of year2015-12-31$141,382,759
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2015-12-31$133,359,925
Value of interest in pooled separate accounts at end of year2015-12-31$0
Value of interest in pooled separate accounts at beginning of year2015-12-31$0
Interest on participant loans2015-12-31$120,494
Income. Interest from loans (other than to participants)2015-12-31$0
Interest earned on other investments2015-12-31$0
Income. Interest from US Government securities2015-12-31$0
Income. Interest from corporate debt instruments2015-12-31$0
Value of interest in master investment trust accounts at end of year2015-12-31$0
Value of interest in master investment trust accounts at beginning of year2015-12-31$0
Value of interest in common/collective trusts at end of year2015-12-31$4,128,366
Value of interest in common/collective trusts at beginning of year2015-12-31$3,750,251
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2015-12-31$9,054,904
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2015-12-31$8,882,208
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2015-12-31$8,882,208
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2015-12-31$1,171
Assets. Value of investments in 103.12 investment entities at end of year2015-12-31$0
Assets. Value of investments in 103.12 investment entities at beginning of year2015-12-31$0
Expenses. Payments to insurance carriers foe the provision of benefits2015-12-31$0
Asset value of US Government securities at end of year2015-12-31$0
Asset value of US Government securities at beginning of year2015-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2015-12-31$-5,049,306
Net investment gain/loss from pooled separate accounts2015-12-31$0
Net investment gain or loss from common/collective trusts2015-12-31$44,456
Net gain/loss from 103.12 investment entities2015-12-31$0
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2015-12-31No
Was there a failure to transmit to the plan any participant contributions2015-12-31No
Has the plan failed to provide any benefit when due under the plan2015-12-31No
Assets. Invements in employer securities at end of year2015-12-31$11,018,547
Assets. Invements in employer securities at beginning of year2015-12-31$10,967,395
Assets. Value of employer real property at end of year2015-12-31$0
Assets. Value of employer real property at beginning of year2015-12-31$0
Contributions received in cash from employer2015-12-31$6,363,839
Employer contributions (assets) at end of year2015-12-31$0
Employer contributions (assets) at beginning of year2015-12-31$0
Income. Dividends from preferred stock2015-12-31$0
Income. Dividends from common stock2015-12-31$491,313
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2015-12-31$10,766,665
Asset. Corporate debt instrument preferred debt at end of year2015-12-31$0
Asset. Corporate debt instrument preferred debt at beginning of year2015-12-31$0
Asset. Corporate debt instrument debt (other) at end of year2015-12-31$0
Asset. Corporate debt instrument debt (other) at beginning of year2015-12-31$0
Contract administrator fees2015-12-31$0
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32015-12-31No
Assets. Corporate common stocks other than exployer securities at end of year2015-12-31$0
Assets. Corporate common stocks other than exployer securities at beginning of year2015-12-31$0
Liabilities. Value of benefit claims payable at end of year2015-12-31$72,181
Liabilities. Value of benefit claims payable at beginning of year2015-12-31$73,820
Assets. Value of buildings and other operty used in plan operation at end of year2015-12-31$0
Assets. Value of buildings and other operty used in plan operation at beginning of year2015-12-31$0
Did the plan have assets held for investment2015-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2015-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2015-12-31No
Aggregate proceeds on sale of assets2015-12-31$822,137
Aggregate carrying amount (costs) on sale of assets2015-12-31$819,842
Liabilities. Value of acquisition indebtedness at end of year2015-12-31$0
Liabilities. Value of acquisition indebtedness at beginning of year2015-12-31$0
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2015-12-31No
Opinion of an independent qualified public accountant for this plan2015-12-31Unqualified
Accountancy firm name2015-12-31KPMG LLP
Accountancy firm EIN2015-12-31135565207
2014 : VALLEY NATIONAL BANK SAVINGS AND INVESTMENT PLAN 2014 401k financial data
Unrealized appreciation/depreciation of real estate assets2014-12-31$0
Unrealized appreciation/depreciation of other (non real estate) assets2014-12-31$-450,074
Total unrealized appreciation/depreciation of assets2014-12-31$-450,074
Total transfer of assets to this plan2014-12-31$12,390,344
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2014-12-31$157,660
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2014-12-31$141,115
Expenses. Interest paid2014-12-31$0
Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-1022014-12-31$0
Total income from all sources (including contributions)2014-12-31$26,297,263
Total loss/gain on sale of assets2014-12-31$-30,804
Total of all expenses incurred2014-12-31$10,694,673
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2014-12-31$10,656,505
Expenses. Certain deemed distributions of participant loans2014-12-31$0
Value of total corrective distributions2014-12-31$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)2014-12-31$15,945,854
Value of total assets at end of year2014-12-31$159,853,767
Value of total assets at beginning of year2014-12-31$131,844,288
Total of administrative expenses incurred including professional, contract, advisory and management fees2014-12-31$38,168
Total income from rents2014-12-31$0
Total interest from all sources2014-12-31$98,020
Total dividends received (eg from common stock, registered investment company shares)2014-12-31$8,251,916
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2014-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2014-12-31$7,742,753
Assets. Real estate other than employer real property at end of year2014-12-31$0
Assets. Real estate other than employer real property at beginning of year2014-12-31$0
Administrative expenses professional fees incurred2014-12-31$0
Assets. Corporate prefeered stocks other than exployer securities at end of year2014-12-31$0
Assets. Corporate prefeered stocks other than exployer securities at beginning of year2014-12-31$0
Was this plan covered by a fidelity bond2014-12-31Yes
Value of fidelity bond cover2014-12-31$30,000,000
If this is an individual account plan, was there a blackout period2014-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2014-12-31$0
Were there any nonexempt tranactions with any party-in-interest2014-12-31No
Contributions received from participants2014-12-31$9,051,791
Participant contributions at end of year2014-12-31$2,755,171
Participant contributions at beginning of year2014-12-31$2,067,679
Participant contributions at end of year2014-12-31$0
Participant contributions at beginning of year2014-12-31$0
Assets. Other investments not covered elsewhere at end of year2014-12-31$0
Assets. Other investments not covered elsewhere at beginning of year2014-12-31$0
Income. Received or receivable in cash from other sources (including rollovers)2014-12-31$987,712
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2014-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at end of year2014-12-31$83,188
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2014-12-31$74,438
Assets. Loans (other than to participants) at end of year2014-12-31$0
Assets. Loans (other than to participants) at beginning of year2014-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2014-12-31$80,369
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2014-12-31$59,297
Other income not declared elsewhere2014-12-31$0
Administrative expenses (other) incurred2014-12-31$38,168
Liabilities. Value of operating payables at end of year2014-12-31$3,471
Liabilities. Value of operating payables at beginning of year2014-12-31$7,389
Total non interest bearing cash at end of year2014-12-31$0
Total non interest bearing cash at beginning of year2014-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2014-12-31No
Income. Non cash contributions2014-12-31$0
Value of net income/loss2014-12-31$15,602,590
Value of net assets at end of year (total assets less liabilities)2014-12-31$159,696,107
Value of net assets at beginning of year (total assets less liabilities)2014-12-31$131,703,173
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2014-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2014-12-31No
Were any leases to which the plan was party in default or uncollectible2014-12-31No
Assets. partnership/joint venture interests at end of year2014-12-31$0
Assets. partnership/joint venture interests at beginning of year2014-12-31$0
Investment advisory and management fees2014-12-31$0
Value of interest in registered invesment companies (eg mutual funds) at end of year2014-12-31$133,359,925
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2014-12-31$105,068,045
Value of interest in pooled separate accounts at end of year2014-12-31$0
Value of interest in pooled separate accounts at beginning of year2014-12-31$0
Interest on participant loans2014-12-31$96,970
Income. Interest from loans (other than to participants)2014-12-31$0
Interest earned on other investments2014-12-31$0
Income. Interest from US Government securities2014-12-31$0
Income. Interest from corporate debt instruments2014-12-31$0
Value of interest in master investment trust accounts at end of year2014-12-31$0
Value of interest in master investment trust accounts at beginning of year2014-12-31$0
Value of interest in common/collective trusts at end of year2014-12-31$3,805,880
Value of interest in common/collective trusts at beginning of year2014-12-31$3,414,318
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2014-12-31$8,882,208
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2014-12-31$9,479,927
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2014-12-31$9,479,927
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2014-12-31$1,050
Assets. Value of investments in 103.12 investment entities at end of year2014-12-31$0
Assets. Value of investments in 103.12 investment entities at beginning of year2014-12-31$0
Expenses. Payments to insurance carriers foe the provision of benefits2014-12-31$0
Asset value of US Government securities at end of year2014-12-31$0
Asset value of US Government securities at beginning of year2014-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2014-12-31$2,443,139
Net investment gain/loss from pooled separate accounts2014-12-31$0
Net investment gain or loss from common/collective trusts2014-12-31$39,212
Net gain/loss from 103.12 investment entities2014-12-31$0
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2014-12-31No
Was there a failure to transmit to the plan any participant contributions2014-12-31No
Has the plan failed to provide any benefit when due under the plan2014-12-31No
Assets. Invements in employer securities at end of year2014-12-31$10,967,395
Assets. Invements in employer securities at beginning of year2014-12-31$11,739,881
Assets. Value of employer real property at end of year2014-12-31$0
Assets. Value of employer real property at beginning of year2014-12-31$0
Contributions received in cash from employer2014-12-31$5,906,351
Employer contributions (assets) at end of year2014-12-31$0
Employer contributions (assets) at beginning of year2014-12-31$0
Income. Dividends from preferred stock2014-12-31$0
Income. Dividends from common stock2014-12-31$509,163
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2014-12-31$10,656,505
Asset. Corporate debt instrument preferred debt at end of year2014-12-31$0
Asset. Corporate debt instrument preferred debt at beginning of year2014-12-31$0
Asset. Corporate debt instrument debt (other) at end of year2014-12-31$0
Asset. Corporate debt instrument debt (other) at beginning of year2014-12-31$0
Contract administrator fees2014-12-31$0
Assets. Corporate common stocks other than exployer securities at end of year2014-12-31$0
Assets. Corporate common stocks other than exployer securities at beginning of year2014-12-31$0
Liabilities. Value of benefit claims payable at end of year2014-12-31$73,820
Liabilities. Value of benefit claims payable at beginning of year2014-12-31$74,429
Assets. Value of buildings and other operty used in plan operation at end of year2014-12-31$0
Assets. Value of buildings and other operty used in plan operation at beginning of year2014-12-31$0
Did the plan have assets held for investment2014-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2014-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2014-12-31No
Aggregate proceeds on sale of assets2014-12-31$989,336
Aggregate carrying amount (costs) on sale of assets2014-12-31$1,020,140
Liabilities. Value of acquisition indebtedness at end of year2014-12-31$0
Liabilities. Value of acquisition indebtedness at beginning of year2014-12-31$0
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2014-12-31No
Opinion of an independent qualified public accountant for this plan2014-12-31Unqualified
Accountancy firm name2014-12-31KPMG LLP
Accountancy firm EIN2014-12-31135565207
2013 : VALLEY NATIONAL BANK SAVINGS AND INVESTMENT PLAN 2013 401k financial data
Unrealized appreciation/depreciation of real estate assets2013-12-31$0
Unrealized appreciation/depreciation of other (non real estate) assets2013-12-31$948,541
Total unrealized appreciation/depreciation of assets2013-12-31$948,541
Total transfer of assets to this plan2013-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2013-12-31$141,115
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2013-12-31$210,360
Expenses. Interest paid2013-12-31$0
Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-1022013-12-31$0
Total income from all sources (including contributions)2013-12-31$32,922,806
Total loss/gain on sale of assets2013-12-31$133,828
Total of all expenses incurred2013-12-31$9,053,410
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2013-12-31$9,012,307
Expenses. Certain deemed distributions of participant loans2013-12-31$7,154
Value of total corrective distributions2013-12-31$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)2013-12-31$11,219,302
Value of total assets at end of year2013-12-31$131,844,288
Value of total assets at beginning of year2013-12-31$108,044,137
Total of administrative expenses incurred including professional, contract, advisory and management fees2013-12-31$33,949
Total income from rents2013-12-31$0
Total interest from all sources2013-12-31$79,864
Total dividends received (eg from common stock, registered investment company shares)2013-12-31$6,148,203
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2013-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2013-12-31$5,404,197
Assets. Real estate other than employer real property at end of year2013-12-31$0
Assets. Real estate other than employer real property at beginning of year2013-12-31$0
Administrative expenses professional fees incurred2013-12-31$0
Assets. Corporate prefeered stocks other than exployer securities at end of year2013-12-31$0
Assets. Corporate prefeered stocks other than exployer securities at beginning of year2013-12-31$0
Was this plan covered by a fidelity bond2013-12-31Yes
Value of fidelity bond cover2013-12-31$30,000,000
If this is an individual account plan, was there a blackout period2013-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2013-12-31$0
Were there any nonexempt tranactions with any party-in-interest2013-12-31No
Contributions received from participants2013-12-31$7,598,578
Participant contributions at end of year2013-12-31$2,067,679
Participant contributions at beginning of year2013-12-31$1,713,040
Participant contributions at end of year2013-12-31$0
Participant contributions at beginning of year2013-12-31$0
Assets. Other investments not covered elsewhere at end of year2013-12-31$0
Assets. Other investments not covered elsewhere at beginning of year2013-12-31$0
Income. Received or receivable in cash from other sources (including rollovers)2013-12-31$995,826
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2013-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at end of year2013-12-31$74,438
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2013-12-31$115,559
Assets. Loans (other than to participants) at end of year2013-12-31$0
Assets. Loans (other than to participants) at beginning of year2013-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2013-12-31$59,297
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2013-12-31$87,652
Other income not declared elsewhere2013-12-31$0
Administrative expenses (other) incurred2013-12-31$26,560
Liabilities. Value of operating payables at end of year2013-12-31$7,389
Liabilities. Value of operating payables at beginning of year2013-12-31$7,182
Total non interest bearing cash at end of year2013-12-31$0
Total non interest bearing cash at beginning of year2013-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2013-12-31No
Income. Non cash contributions2013-12-31$0
Value of net income/loss2013-12-31$23,869,396
Value of net assets at end of year (total assets less liabilities)2013-12-31$131,703,173
Value of net assets at beginning of year (total assets less liabilities)2013-12-31$107,833,777
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2013-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2013-12-31No
Were any leases to which the plan was party in default or uncollectible2013-12-31No
Assets. partnership/joint venture interests at end of year2013-12-31$0
Assets. partnership/joint venture interests at beginning of year2013-12-31$0
Investment advisory and management fees2013-12-31$7,389
Value of interest in registered invesment companies (eg mutual funds) at end of year2013-12-31$105,068,045
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2013-12-31$83,143,284
Value of interest in pooled separate accounts at end of year2013-12-31$0
Value of interest in pooled separate accounts at beginning of year2013-12-31$0
Interest on participant loans2013-12-31$79,064
Income. Interest from loans (other than to participants)2013-12-31$0
Interest earned on other investments2013-12-31$0
Income. Interest from US Government securities2013-12-31$0
Income. Interest from corporate debt instruments2013-12-31$0
Value of interest in master investment trust accounts at end of year2013-12-31$0
Value of interest in master investment trust accounts at beginning of year2013-12-31$0
Value of interest in common/collective trusts at end of year2013-12-31$3,414,318
Value of interest in common/collective trusts at beginning of year2013-12-31$2,948,166
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2013-12-31$9,479,927
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2013-12-31$8,776,735
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2013-12-31$8,776,735
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2013-12-31$800
Assets. Value of investments in 103.12 investment entities at end of year2013-12-31$0
Assets. Value of investments in 103.12 investment entities at beginning of year2013-12-31$0
Expenses. Payments to insurance carriers foe the provision of benefits2013-12-31$0
Asset value of US Government securities at end of year2013-12-31$0
Asset value of US Government securities at beginning of year2013-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2013-12-31$14,396,522
Net investment gain/loss from pooled separate accounts2013-12-31$0
Net investment gain or loss from common/collective trusts2013-12-31$-3,454
Net gain/loss from 103.12 investment entities2013-12-31$0
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2013-12-31No
Was there a failure to transmit to the plan any participant contributions2013-12-31No
Has the plan failed to provide any benefit when due under the plan2013-12-31No
Assets. Invements in employer securities at end of year2013-12-31$11,739,881
Assets. Invements in employer securities at beginning of year2013-12-31$11,347,353
Assets. Value of employer real property at end of year2013-12-31$0
Assets. Value of employer real property at beginning of year2013-12-31$0
Contributions received in cash from employer2013-12-31$2,624,898
Employer contributions (assets) at end of year2013-12-31$0
Employer contributions (assets) at beginning of year2013-12-31$0
Income. Dividends from preferred stock2013-12-31$0
Income. Dividends from common stock2013-12-31$744,006
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2013-12-31$9,012,307
Asset. Corporate debt instrument preferred debt at end of year2013-12-31$0
Asset. Corporate debt instrument preferred debt at beginning of year2013-12-31$0
Asset. Corporate debt instrument debt (other) at end of year2013-12-31$0
Asset. Corporate debt instrument debt (other) at beginning of year2013-12-31$0
Contract administrator fees2013-12-31$0
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32013-12-31No
Assets. Corporate common stocks other than exployer securities at end of year2013-12-31$0
Assets. Corporate common stocks other than exployer securities at beginning of year2013-12-31$0
Liabilities. Value of benefit claims payable at end of year2013-12-31$74,429
Liabilities. Value of benefit claims payable at beginning of year2013-12-31$115,526
Assets. Value of buildings and other operty used in plan operation at end of year2013-12-31$0
Assets. Value of buildings and other operty used in plan operation at beginning of year2013-12-31$0
Did the plan have assets held for investment2013-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2013-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2013-12-31No
Aggregate proceeds on sale of assets2013-12-31$1,776,998
Aggregate carrying amount (costs) on sale of assets2013-12-31$1,643,170
Liabilities. Value of acquisition indebtedness at end of year2013-12-31$0
Liabilities. Value of acquisition indebtedness at beginning of year2013-12-31$0
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2013-12-31No
Opinion of an independent qualified public accountant for this plan2013-12-31Unqualified
Accountancy firm name2013-12-31KPMG LLP
Accountancy firm EIN2013-12-31135565207
2012 : VALLEY NATIONAL BANK SAVINGS AND INVESTMENT PLAN 2012 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2012-12-31$-2,893,149
Total unrealized appreciation/depreciation of assets2012-12-31$-2,893,149
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-12-31$210,360
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-12-31$199,749
Total income from all sources (including contributions)2012-12-31$17,896,019
Total loss/gain on sale of assets2012-12-31$-68,349
Total of all expenses incurred2012-12-31$7,577,323
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2012-12-31$7,546,302
Total contributions o plan (from employers,participants, others, non cash contrinutions)2012-12-31$9,509,383
Value of total assets at end of year2012-12-31$108,037,627
Value of total assets at beginning of year2012-12-31$97,708,320
Total of administrative expenses incurred including professional, contract, advisory and management fees2012-12-31$31,021
Total interest from all sources2012-12-31$69,559
Total dividends received (eg from common stock, registered investment company shares)2012-12-31$3,090,915
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2012-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2012-12-31$2,310,080
Was this plan covered by a fidelity bond2012-12-31Yes
Value of fidelity bond cover2012-12-31$30,000,000
If this is an individual account plan, was there a blackout period2012-12-31Yes
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2012-12-31$0
Were there any nonexempt tranactions with any party-in-interest2012-12-31No
Contributions received from participants2012-12-31$6,787,722
Participant contributions at end of year2012-12-31$1,706,530
Participant contributions at beginning of year2012-12-31$1,380,863
Participant contributions at end of year2012-12-31$0
Participant contributions at beginning of year2012-12-31$16,673
Income. Received or receivable in cash from other sources (including rollovers)2012-12-31$666,885
Value of other receiveables (less allowance for doubtful accounts) at end of year2012-12-31$115,559
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2012-12-31$108,925
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2012-12-31$87,652
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2012-12-31$85,186
Administrative expenses (other) incurred2012-12-31$31,021
Liabilities. Value of operating payables at end of year2012-12-31$7,182
Liabilities. Value of operating payables at beginning of year2012-12-31$7,478
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2012-12-31No
Value of net income/loss2012-12-31$10,318,696
Value of net assets at end of year (total assets less liabilities)2012-12-31$107,827,267
Value of net assets at beginning of year (total assets less liabilities)2012-12-31$97,508,571
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2012-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2012-12-31No
Were any leases to which the plan was party in default or uncollectible2012-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2012-12-31$83,143,284
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2012-12-31$69,904,096
Interest on participant loans2012-12-31$67,624
Value of interest in common/collective trusts at end of year2012-12-31$2,948,166
Value of interest in common/collective trusts at beginning of year2012-12-31$2,741,380
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2012-12-31$8,776,735
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2012-12-31$9,470,717
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2012-12-31$9,470,717
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2012-12-31$1,935
Net investment gain/loss from registered investment companies (e.g. mutual funds)2012-12-31$8,136,098
Net investment gain or loss from common/collective trusts2012-12-31$51,562
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2012-12-31No
Was there a failure to transmit to the plan any participant contributions2012-12-31No
Has the plan failed to provide any benefit when due under the plan2012-12-31No
Assets. Invements in employer securities at end of year2012-12-31$11,347,353
Assets. Invements in employer securities at beginning of year2012-12-31$14,080,486
Contributions received in cash from employer2012-12-31$2,054,776
Employer contributions (assets) at end of year2012-12-31$0
Employer contributions (assets) at beginning of year2012-12-31$5,180
Income. Dividends from common stock2012-12-31$780,835
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2012-12-31$7,546,302
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32012-12-31Yes
Liabilities. Value of benefit claims payable at end of year2012-12-31$115,526
Liabilities. Value of benefit claims payable at beginning of year2012-12-31$107,085
Did the plan have assets held for investment2012-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2012-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2012-12-31No
Aggregate proceeds on sale of assets2012-12-31$1,119,445
Aggregate carrying amount (costs) on sale of assets2012-12-31$1,187,794
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2012-12-31No
Opinion of an independent qualified public accountant for this plan2012-12-31Unqualified
Accountancy firm name2012-12-31KPMG LLP
Accountancy firm EIN2012-12-31135565207
2011 : VALLEY NATIONAL BANK SAVINGS AND INVESTMENT PLAN 2011 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2011-12-31$-1,208,175
Total unrealized appreciation/depreciation of assets2011-12-31$-1,208,175
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-12-31$199,749
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-12-31$188,671
Total income from all sources (including contributions)2011-12-31$9,197,975
Total loss/gain on sale of assets2011-12-31$-51,403
Total of all expenses incurred2011-12-31$5,358,994
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2011-12-31$5,317,134
Total contributions o plan (from employers,participants, others, non cash contrinutions)2011-12-31$9,790,923
Value of total assets at end of year2011-12-31$97,708,320
Value of total assets at beginning of year2011-12-31$93,858,261
Total of administrative expenses incurred including professional, contract, advisory and management fees2011-12-31$41,860
Total interest from all sources2011-12-31$59,923
Total dividends received (eg from common stock, registered investment company shares)2011-12-31$2,629,961
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2011-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2011-12-31$1,878,803
Was this plan covered by a fidelity bond2011-12-31Yes
Value of fidelity bond cover2011-12-31$30,000,000
If this is an individual account plan, was there a blackout period2011-12-31Yes
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2011-12-31$0
Were there any nonexempt tranactions with any party-in-interest2011-12-31No
Contributions received from participants2011-12-31$6,419,687
Participant contributions at end of year2011-12-31$1,380,863
Participant contributions at beginning of year2011-12-31$1,209,175
Participant contributions at end of year2011-12-31$16,673
Participant contributions at beginning of year2011-12-31$17,750
Income. Received or receivable in cash from other sources (including rollovers)2011-12-31$1,328,854
Value of other receiveables (less allowance for doubtful accounts) at end of year2011-12-31$108,925
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2011-12-31$95,672
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2011-12-31$85,186
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2011-12-31$84,990
Administrative expenses (other) incurred2011-12-31$41,860
Liabilities. Value of operating payables at end of year2011-12-31$7,478
Liabilities. Value of operating payables at beginning of year2011-12-31$3,660
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Value of net income/loss2011-12-31$3,838,981
Value of net assets at end of year (total assets less liabilities)2011-12-31$97,508,571
Value of net assets at beginning of year (total assets less liabilities)2011-12-31$93,669,590
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2011-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2011-12-31No
Were any leases to which the plan was party in default or uncollectible2011-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2011-12-31$69,904,096
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2011-12-31$67,466,259
Interest on participant loans2011-12-31$58,313
Value of interest in common/collective trusts at end of year2011-12-31$2,741,380
Value of interest in common/collective trusts at beginning of year2011-12-31$2,616,662
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2011-12-31$9,470,717
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2011-12-31$7,970,138
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2011-12-31$7,970,138
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2011-12-31$1,610
Net investment gain/loss from registered investment companies (e.g. mutual funds)2011-12-31$-2,102,019
Net investment gain or loss from common/collective trusts2011-12-31$78,765
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2011-12-31No
Was there a failure to transmit to the plan any participant contributions2011-12-31No
Has the plan failed to provide any benefit when due under the plan2011-12-31No
Assets. Invements in employer securities at end of year2011-12-31$14,080,486
Assets. Invements in employer securities at beginning of year2011-12-31$14,477,424
Contributions received in cash from employer2011-12-31$2,042,382
Employer contributions (assets) at end of year2011-12-31$5,180
Employer contributions (assets) at beginning of year2011-12-31$5,181
Income. Dividends from common stock2011-12-31$751,158
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2011-12-31$5,317,134
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32011-12-31Yes
Liabilities. Value of benefit claims payable at end of year2011-12-31$107,085
Liabilities. Value of benefit claims payable at beginning of year2011-12-31$100,021
Did the plan have assets held for investment2011-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2011-12-31No
Aggregate proceeds on sale of assets2011-12-31$794,011
Aggregate carrying amount (costs) on sale of assets2011-12-31$845,414
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2011-12-31No
Opinion of an independent qualified public accountant for this plan2011-12-31Unqualified
Accountancy firm name2011-12-31KPMG LLP
Accountancy firm EIN2011-12-31135565207
2010 : VALLEY NATIONAL BANK SAVINGS AND INVESTMENT PLAN 2010 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2010-12-31$837,908
Total unrealized appreciation/depreciation of assets2010-12-31$837,908
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$188,671
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$182,459
Total income from all sources (including contributions)2010-12-31$18,758,610
Total loss/gain on sale of assets2010-12-31$15,020
Total of all expenses incurred2010-12-31$4,806,996
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2010-12-31$4,767,636
Total contributions o plan (from employers,participants, others, non cash contrinutions)2010-12-31$8,558,544
Value of total assets at end of year2010-12-31$93,858,261
Value of total assets at beginning of year2010-12-31$79,900,435
Total of administrative expenses incurred including professional, contract, advisory and management fees2010-12-31$39,360
Total interest from all sources2010-12-31$52,660
Total dividends received (eg from common stock, registered investment company shares)2010-12-31$2,194,497
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2010-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2010-12-31$1,476,504
Was this plan covered by a fidelity bond2010-12-31Yes
Value of fidelity bond cover2010-12-31$30,000,000
If this is an individual account plan, was there a blackout period2010-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2010-12-31$0
Were there any nonexempt tranactions with any party-in-interest2010-12-31No
Contributions received from participants2010-12-31$6,164,232
Participant contributions at end of year2010-12-31$1,209,175
Participant contributions at beginning of year2010-12-31$175,657
Participant contributions at end of year2010-12-31$17,750
Participant contributions at beginning of year2010-12-31$0
Income. Received or receivable in cash from other sources (including rollovers)2010-12-31$495,316
Value of other receiveables (less allowance for doubtful accounts) at end of year2010-12-31$95,672
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2010-12-31$105,722
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2010-12-31$84,990
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2010-12-31$92,073
Administrative expenses (other) incurred2010-12-31$39,360
Liabilities. Value of operating payables at end of year2010-12-31$3,660
Liabilities. Value of operating payables at beginning of year2010-12-31$3,150
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-31No
Value of net income/loss2010-12-31$13,951,614
Value of net assets at end of year (total assets less liabilities)2010-12-31$93,669,590
Value of net assets at beginning of year (total assets less liabilities)2010-12-31$79,717,976
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2010-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2010-12-31No
Were any leases to which the plan was party in default or uncollectible2010-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2010-12-31$67,466,259
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2010-12-31$55,337,029
Interest on participant loans2010-12-31$46,812
Value of interest in common/collective trusts at end of year2010-12-31$2,616,662
Value of interest in common/collective trusts at beginning of year2010-12-31$2,520,859
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2010-12-31$7,970,138
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2010-12-31$8,670,825
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2010-12-31$8,670,825
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2010-12-31$5,848
Net investment gain/loss from registered investment companies (e.g. mutual funds)2010-12-31$6,998,591
Net investment gain or loss from common/collective trusts2010-12-31$101,390
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2010-12-31No
Was there a failure to transmit to the plan any participant contributions2010-12-31No
Has the plan failed to provide any benefit when due under the plan2010-12-31No
Assets. Invements in employer securities at end of year2010-12-31$14,477,424
Assets. Invements in employer securities at beginning of year2010-12-31$13,090,343
Contributions received in cash from employer2010-12-31$1,898,996
Employer contributions (assets) at end of year2010-12-31$5,181
Employer contributions (assets) at beginning of year2010-12-31$0
Income. Dividends from common stock2010-12-31$717,993
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2010-12-31$4,767,636
Liabilities. Value of benefit claims payable at end of year2010-12-31$100,021
Liabilities. Value of benefit claims payable at beginning of year2010-12-31$87,236
Did the plan have assets held for investment2010-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2010-12-31No
Aggregate proceeds on sale of assets2010-12-31$813,921
Aggregate carrying amount (costs) on sale of assets2010-12-31$798,901
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2010-12-31No
Opinion of an independent qualified public accountant for this plan2010-12-31Qualified
Accountancy firm name2010-12-31KPMG LLP
Accountancy firm EIN2010-12-31135565207
2009 : VALLEY NATIONAL BANK SAVINGS AND INVESTMENT PLAN 2009 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2009-12-31$0

Form 5500 Responses for VALLEY NATIONAL BANK SAVINGS AND INVESTMENT PLAN

2022: VALLEY NATIONAL BANK SAVINGS AND INVESTMENT PLAN 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01This submission is the final filingNo
2022-01-01Plan is a collectively bargained planNo
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement - TrustYes
2021: VALLEY NATIONAL BANK SAVINGS AND INVESTMENT PLAN 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01Submission has been amendedNo
2021-01-01This submission is the final filingNo
2021-01-01This return/report is a short plan year return/report (less than 12 months)No
2021-01-01Plan is a collectively bargained planNo
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement - TrustYes
2020: VALLEY NATIONAL BANK SAVINGS AND INVESTMENT PLAN 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01This submission is the final filingNo
2020-01-01Plan is a collectively bargained planNo
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement - TrustYes
2019: VALLEY NATIONAL BANK SAVINGS AND INVESTMENT PLAN 2019 form 5500 responses
2019-01-01Type of plan entitySingle employer plan
2019-01-01Submission has been amendedNo
2019-01-01This submission is the final filingNo
2019-01-01This return/report is a short plan year return/report (less than 12 months)No
2019-01-01Plan is a collectively bargained planNo
2019-01-01Plan funding arrangement – TrustYes
2019-01-01Plan benefit arrangement - TrustYes
2018: VALLEY NATIONAL BANK SAVINGS AND INVESTMENT PLAN 2018 form 5500 responses
2018-01-01Type of plan entitySingle employer plan
2018-01-01Submission has been amendedNo
2018-01-01This submission is the final filingNo
2018-01-01This return/report is a short plan year return/report (less than 12 months)No
2018-01-01Plan is a collectively bargained planNo
2018-01-01Plan funding arrangement – TrustYes
2018-01-01Plan benefit arrangement - TrustYes
2017: VALLEY NATIONAL BANK SAVINGS AND INVESTMENT PLAN 2017 form 5500 responses
2017-01-01Type of plan entitySingle employer plan
2017-01-01Submission has been amendedNo
2017-01-01This submission is the final filingNo
2017-01-01This return/report is a short plan year return/report (less than 12 months)No
2017-01-01Plan is a collectively bargained planNo
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement - TrustYes
2016: VALLEY NATIONAL BANK SAVINGS AND INVESTMENT PLAN 2016 form 5500 responses
2016-01-01Type of plan entitySingle employer plan
2016-01-01Submission has been amendedNo
2016-01-01This submission is the final filingNo
2016-01-01This return/report is a short plan year return/report (less than 12 months)No
2016-01-01Plan is a collectively bargained planNo
2016-01-01Plan funding arrangement – TrustYes
2016-01-01Plan benefit arrangement - TrustYes
2015: VALLEY NATIONAL BANK SAVINGS AND INVESTMENT PLAN 2015 form 5500 responses
2015-01-01Type of plan entitySingle employer plan
2015-01-01Submission has been amendedNo
2015-01-01This submission is the final filingNo
2015-01-01This return/report is a short plan year return/report (less than 12 months)No
2015-01-01Plan is a collectively bargained planNo
2015-01-01Plan funding arrangement – TrustYes
2015-01-01Plan benefit arrangement - TrustYes
2014: VALLEY NATIONAL BANK SAVINGS AND INVESTMENT PLAN 2014 form 5500 responses
2014-01-01Type of plan entitySingle employer plan
2014-01-01Submission has been amendedNo
2014-01-01This submission is the final filingNo
2014-01-01This return/report is a short plan year return/report (less than 12 months)No
2014-01-01Plan is a collectively bargained planNo
2014-01-01Plan funding arrangement – TrustYes
2014-01-01Plan benefit arrangement - TrustYes
2013: VALLEY NATIONAL BANK SAVINGS AND INVESTMENT PLAN 2013 form 5500 responses
2013-01-01Type of plan entitySingle employer plan
2013-01-01Submission has been amendedNo
2013-01-01This submission is the final filingNo
2013-01-01This return/report is a short plan year return/report (less than 12 months)No
2013-01-01Plan is a collectively bargained planNo
2013-01-01Plan funding arrangement – TrustYes
2013-01-01Plan benefit arrangement - TrustYes
2012: VALLEY NATIONAL BANK SAVINGS AND INVESTMENT PLAN 2012 form 5500 responses
2012-01-01Type of plan entitySingle employer plan
2012-01-01Submission has been amendedNo
2012-01-01This submission is the final filingNo
2012-01-01This return/report is a short plan year return/report (less than 12 months)No
2012-01-01Plan is a collectively bargained planNo
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement - TrustYes
2011: VALLEY NATIONAL BANK SAVINGS AND INVESTMENT PLAN 2011 form 5500 responses
2011-01-01Type of plan entitySingle employer plan
2011-01-01Submission has been amendedNo
2011-01-01This submission is the final filingNo
2011-01-01This return/report is a short plan year return/report (less than 12 months)No
2011-01-01Plan is a collectively bargained planNo
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement - TrustYes
2009: VALLEY NATIONAL BANK SAVINGS AND INVESTMENT PLAN 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Submission has been amendedNo
2009-01-01This submission is the final filingNo
2009-01-01This return/report is a short plan year return/report (less than 12 months)No
2009-01-01Plan is a collectively bargained planNo
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement - TrustYes

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