2023 Form 5500 filing — Hanover Community Bank 401(K) 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 20240801095137NAL0015076275001) for Hanover Community Bank 401(K) Plan, reported by Hanover Community Bank under EIN 26-1454386 and plan number 001. It reports 203 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240801095137NAL0015076275001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Hanover Community Bank
- EIN
- 26-1454386
- Plan number
- 001
- Location
- Mineola, NY
- Participants
- 203
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $14,580,278
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $14,580,278
- Employer contributions
- $667,530
- Participant contributions
- $1,419,579
- Total income / additions
- $5,164,234
- Benefits paid
- $861,359
- Administrative expenses
- $37,970
- Total expenses
- $901,241
- Net increase / (decrease)
- $4,262,993
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Morgan Stanley | INVESTMENT ADVISOR | $37,955 | not reported in the loaded dataset |
| Empower Life & Annuity Insurance | RECORDKEEPER | $15 | $0 |