Hanover Community Bank 401(K) Plan — Form 5500 plan (Hanover Community 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, Hanover Community Bank 401(K) Plan is a benefit plan reported by Hanover Community Bank under EIN 26-1454386 and plan number 001. The latest loaded filing year is 2023. The filing reports 203 participants and $14,580,278 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Hanover Community Bank
- EIN
- 26-1454386
- Plan number
- 001
- Plan type
- 2
- Location
- Mineola, NY
- Latest filing year
- 2023
- Participants
- 203
- End-of-year plan assets
- $14,580,278
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 203 | H, C | 20240801095137NAL0015076275001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $14,580,278
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $14,580,278
- Net assets (BOY)
- $10,317,285
Income & contributions
- Employer contributions
- $667,530
- Participant contributions
- $1,419,579
- Total contributions
- $3,088,061
- Total income / additions
- $5,164,234
Expenses & distributions
- Benefits paid
- $861,359
- Administrative expenses
- $37,970
- Total expenses
- $901,241
- Net increase / (decrease)
- $4,262,993
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Morgan Stanley | INVESTMENT ADVISOR | $37,955 | not reported in the loaded dataset | 2023 |
| Empower Life & Annuity Insurance | RECORDKEEPER | $15 | $0 | 2023 |