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, Hometown Bank, Na 401 (K) Profit Sharing Plan is a benefit plan reported by Hometown Bank, Na under EIN 74-1541411 and plan number 002. The latest loaded filing year is 2023. The filing reports 116 participants and $6,560,952 in end-of-year plan assets, where available in the loaded dataset.
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $6,560,952
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $6,560,952
- Net assets (BOY)
- $5,848,742
Income & contributions
- Employer contributions
- $129,404
- Participant contributions
- $421,058
- Total contributions
- $550,462
- Total income / additions
- $1,507,732
Expenses & distributions
- Benefits paid
- $778,531
- Administrative expenses
- $2,270
- Total expenses
- $795,522
- Net increase / (decrease)
- $712,210