Plan Ledger DOL Form 5500 · updated monthly

Hometown Financial Group, Inc.401(k)

ENVISION BANK 401K PLAN · EASTHAMPTON, MA · plan year 2022

Reported admin expense ratio · 2022
0.12%

Hometown Financial Group, Inc. reported $17,791 in plan administrative expenses for 2022: 0.12% of average plan assets, below the peer median. 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.

The plan sits in the $10M–$50M size bracket, benchmarked here against 26,806 comparable plans and shown alongside other finance & insurance employers. By assets it is among the smaller plans on file in Massachusetts (2,718th of 2,726), and 4,783rd of 4,798 in finance & insurance. In 2022, employees put in $2.61 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$59,782
Participants with balances1
Active participants0
Employer contributions$466,909
Employee contributions$1,220,663
Employer contribution per active participant—
Average account balance$59,782
Benefits paid to participants$25,739,477
Plan auditUnmodified (clean) audit opinion
What these fees cost you

Annual cost at the plan's reported 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history1
2022$17,791 · 0.12%
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Source: U.S. Department of Labor, Form 5500 series, EIN 611570944 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.