How much does Northumberland Bancorp contribute to its ESOP?

In 2024, employer contributions to the Northumberland Bancorp plan averaged $5,637 per active participant, above the $1,313 median for plans of similar size. Public filings report contribution dollars, not the match formula; the formula is in the plan's summary plan description.

What is the average account balance in the Northumberland Bancorp 401(k)?

The average participant account balance was $11,715 for plan year 2024, based on 135 accounts.

Northumberland BancorpESOP

Name: Northumberland Bancorp 401(k) plan: Form 5500 data
Creator: U.S. Department of Labor

NORTHUMBERLAND BANCORP EMPLOYEE STOCK OWNERSHIP PLAN · NORTHUMBERLAND, PA · plan year 2024

Employer contribution per participant · 2024

$5,637

Northumberland Bancorp's 2024 Form 5500 did not separately report plan administrative expenses, which is common where recordkeeping is paid through investment revenue-sharing or a master trust. The plan held $1,581,460 across 135 participant accounts, with employer contributions averaging $5,637 per active participant. See methodology for what Form 5500 does and doesn't capture.

The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other finance & insurance employers. By assets it is among the smaller plans on file in Pennsylvania (3,427th of 3,651), and 4,682nd of 4,798 in finance & insurance.

Plan summary
Net assets, end of year$1,581,460
Participants with balances135
Active participants102
Employer contributions$575,000
Employee contributions—
Employer contribution per active participant$5,637
Average account balance$11,715
Benefits paid to participants$9,628
Plan auditUnmodified (clean) audit opinion
AuditorMCKONLY & ASBURY, LLP

Plan history3

Yearassets · accounts · employer contribution

2024$1.6M · 135 accts · $575K emplr

2023$840K · 128 accts · $346K emplr

2022$835K · 118 accts · $582K emplr

Employer contributions to the Northumberland Bancorp plan · 2024

Employer contribution per active participant$5,637

Median for plans this size$1,313

2024$5,637 per active participant

2023$3,237 per active participant

2022$5,486 per active participant

Northumberland Bancorp's 2024 employer contribution ran above the $1,313 median for plans its size, placing it in the top quarter of its peers. 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.

Administrative cost history3

2024Not separately reported

2023Not separately reported

2022Not separately reported

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Source: U.S. Department of Labor, Form 5500 series, EIN 232888807 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.