Magyar Bank Employee Stock Ownership Plan — Form 5500 plan (Magyar Bank)
Plain-English plan 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, Magyar Bank Employee Stock Ownership Plan is a benefit plan reported by Magyar Bank under EIN 22-1085787 and plan number 004. The latest loaded filing year is 2023. The filing reports 103 participants and $5,312,870 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Magyar Bank
- EIN
- 22-1085787
- Plan number
- 004
- Plan type
- 2
- Location
- New Brunswick, NJ
- Latest filing year
- 2023
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 103 | I | 20241015161128NAL0030296417001 |
Reported financial statement
Reported figures as filed, in whole dollars. Only fields the filing reports are shown; others are marked not reported.
Full reported line items
Net assets
- Total assets (EOY)
- $5,312,870
- Total liabilities (EOY)
- $3,047,377
- Net assets (EOY)
- $2,265,493
- Net assets (BOY)
- $3,040,365
Income & contributions
- Employer contributions
- $141,102
- Participant contributions
- $0
- Total income / additions
- -$540,768
Expenses & distributions
- Benefits paid
- $131,886
- Administrative expenses
- $0
- Total expenses
- $234,104
- Net increase / (decrease)
- -$774,872
Reported ratios
Derived only from this plan's own reported figures — comparisons within the filing, not benchmarks, estimates, or national averages.
Service provider compensation (Schedule C)
No Schedule C service provider compensation is loaded for this plan yet.