How much does Quaint Oak Bancorp, Inc. and Quaint Oak Bank contribute to its ESOP?

In 2024, employer contributions to the Quaint Oak Bancorp, Inc. and Quaint Oak Bank plan averaged $793 per active participant, below 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 Quaint Oak Bancorp, Inc. and Quaint Oak Bank 401(k)?

The average participant account balance was $20,234 for plan year 2024, based on 127 accounts.

Quaint Oak Bancorp, Inc. and Quaint Oak BankESOP

Name: Quaint Oak Bancorp, Inc. and Quaint Oak Bank 401(k) plan: Form 5500 data
Creator: U.S. Department of Labor

QUAINT OAK BANCORP, INC. EMPLOYEE STOCK OWNERSHIP PLAN · SOUTHAMPTON, PA · plan year 2024

Employer contribution per participant · 2024

$793

Quaint Oak Bancorp, Inc. and Quaint Oak Bank'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 $2,569,668 across 127 participant accounts, with employer contributions averaging $793 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 (3,249th of 3,651), and 4,623rd of 4,798 in finance & insurance.

Plan summary
Net assets, end of year$2,569,668
Participants with balances127
Active participants119
Employer contributions$94,370
Employee contributions—
Employer contribution per active participant$793
Average account balance$20,234
Benefits paid to participants$207,959
Plan auditUnmodified (clean) audit opinion
AuditorS.R. SNODGRASS, P.C.

Employer contributions to the Quaint Oak Bancorp, Inc. and Quaint Oak Bank plan · 2024

Employer contribution per active participant$793

Median for plans this size$1,313

Quaint Oak Bancorp, Inc. and Quaint Oak Bank's 2024 employer contribution ran below the $1,313 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.

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Source: U.S. Department of Labor, Form 5500 series, EIN 352293957 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.