Plan5500

Envision Bank Employee Stock Ownership Plan — Form 5500 plan (Hometown Financial Group, Inc.)

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, Envision Bank Employee Stock Ownership Plan is a benefit plan reported by Hometown Financial Group, Inc. under EIN 74-3073286 and plan number 003. The latest loaded filing year is 2023. The filing reports 188 participants and $2,381,746 in end-of-year plan assets, where available in the loaded dataset.

Key reported metrics

Plan sponsor
Hometown Financial Group, Inc.
EIN
74-3073286
Plan number
003
Plan type
2
Location
Easthampton, MA
Latest filing year
2023
Participants
188
End-of-year plan assets
$2,381,746

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
2023188H, C20241010150630NAL0036212784001

Reported financial statement (2023 · Schedule H)

Net assets

Total assets (EOY)
$2,381,746
Total liabilities (EOY)
$0
Net assets (EOY)
$2,381,746
Net assets (BOY)
$8,944,473

Income & contributions

Employer contributions
$5,470
Participant contributions
$0
Total contributions
$5,470
Total income / additions
$434,487

Expenses & distributions

Benefits paid
$6,950,582
Administrative expenses
$46,632
Total expenses
$6,997,214
Net increase / (decrease)
-$6,562,727

Service provider compensation (Schedule C)

Reported service provider compensation
ProviderServiceDirect comp.Indirect comp.Year
Gray, Gray & Gray LlpAUDITOR$17,000not reported in the loaded dataset2023
Eastern BankTRUSTEE$16,372not reported in the loaded dataset2023
Cooperative Banks Ee Retire AssocRECORDKEEPER$13,260not reported in the loaded dataset2023

Related Form 5500 pages