2023 Form 5500 filing — Envision Bank Employee Stock Ownership Plan
Plain-English filing summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, this is the 2023 Form 5500 filing (EFAST2 acknowledgement 20241010150630NAL0036212784001) for Envision Bank Employee Stock Ownership Plan, reported by Hometown Financial Group, Inc. under EIN 74-3073286 and plan number 003. It reports 188 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241010150630NAL0036212784001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Hometown Financial Group, Inc.
- EIN
- 74-3073286
- Plan number
- 003
- Location
- Easthampton, MA
- Participants
- 188
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $2,381,746
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $2,381,746
- Employer contributions
- $5,470
- Participant contributions
- $0
- Total income / additions
- $434,487
- Benefits paid
- $6,950,582
- Administrative expenses
- $46,632
- Total expenses
- $6,997,214
- Net increase / (decrease)
- -$6,562,727
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Gray, Gray & Gray Llp | AUDITOR | $17,000 | not reported in the loaded dataset |
| Eastern Bank | TRUSTEE | $16,372 | not reported in the loaded dataset |
| Cooperative Banks Ee Retire Assoc | RECORDKEEPER | $13,260 | not reported in the loaded dataset |