The Hometown Savings Bank401(k)
FORVIS, LLP EMPLOYEES' SAVINGS PLAN I · TERRE HAUTE, IN · plan year 2022
Peer grade: A- · admin costs + employer contributions vs same-size plans · how grading works
The Hometown Savings Bank reported $23,774 in plan administrative expenses for 2022: 0.00% of average plan assets, lower than ~75% of peers. Employer contributions averaged $6,431 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.
Across the 2 years on file its reported administrative ratio rose from 0.00% to 0.02%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,568 comparable plans and shown alongside other finance & insurance employers. By assets it is the 15th-largest of 1,562 plans among Indiana employers on file, and the 176th of 4,798 in finance & insurance. In 2022, employees put in $1.29 for every $1.00 the employer contributed.
The Hometown Savings Bank's 2022 employer contribution ran above the $4,065 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.
Annual cost at the plan's reported 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
This plan has changed recordkeepers within these filings. If you left The Hometown Savings Bank before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).
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Source: U.S. Department of Labor, Form 5500 series, EIN 440160260 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.