401(k) · DOL Form 5500 · 2022

Hanover Community Bank 401(k) Plan

Data updated 2026-08-25

$10M
Total assets Small plan by assets
129
Participants Small participant base
66th
Percentile by assets National rank
$79,979
Avg per participant Below avg balance/head
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Official DOL plan name: Hanover Community Bank 401(k) Plan · Sponsored by Hanover Community Bank · New York · Finance & Insurance

$10M in assets, 129 participants

Hanover Community Bank's Hanover Community Bank 401(k) Plan reported $10M in total assets and 129 participants in its 2022 DOL Form 5500 filing, ranking in the 66th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.

  • #4,539 in Finance & Insurance (9,261 peers)

Coverage in New York

Hanover Community Bank 401(k) Plan covers 129 participants in New York, about 16% of the average New York filer (state average ~798 per filing). Assets: $10M.

#4,539
in Finance & Insurance (9,261 peers)
$358K
reported net income

Hanover Community Bank 401(k) Plan's mid-pack asset rank among Finance & Insurance and all filers

Hanover Community Bank 401(k) Plan vs every filed plan by assets

End-of-year total assets · plan year 2022 · DOL Form 5500

$10,317,285 Top 34% higher than 66% of 139,123 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2022

Hanover Community Bank 401(k) Plan among mid-size filed plans by headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Hanover Community Bank 401(k) Plan sits mid-pack in the medium band (129 participants).

Form 5500 schedule snapshot

Filing strip 261454386 · Hanover Community Bank PY 2022 · 401(k)

Hanover Community Bank 401(k) Plan · $10M · 129 · 66th

  • EIN $10M
  • EIN 129
  • EIN 66th
  • EIN 401(k)
  • EIN near Marlabs 401(k) Plan
  • EIN ind #4539

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Finance & Insurance retirement plans → · Plans in New York →

Hanover Community Bank 401(k) Plan in the asset neighbourhood

Hanover Community Bank 401(k) PlanHanover Community Bank 401(k…$10MMarlabs 401(k) Plan$10MCarstens, Inc. Employees' Profit Sharing and 401(k) Plan and TrustCarstens, Inc. Employees' Pr…$10MM & J Wilkow, Ltd. Profit Sharing and 401(k) PlanM & J Wilkow, Ltd. Profit Sh…$10MOwnbackup, Inc. 401(k) Plan$10M
End-of-year total assets ($M) among Hanover Community Bank 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2022.

New York filing particulars

Total Assets (Beginning of Year)N/A
Net Assets (End of Year)$10M
Net Income$358K
Employer EIN261454386
Plan Effective Date2022-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Hanover Community Bank)

Sponsor-wide plan assets over time

All Hanover Community Bank plans reported in each filing year

Latest sponsor-wide plan assets
$18M 71.9739446957218% vs 2022
2024 filing year
$5M$10M$15M$20M 202220232024 $10.3M $17.7M ▲ +71.9%
Year Plans Participants Total Assets
2022 1 129 $10M
2023 1 155 $15M
2024 1 167 $18M

Nearby 401(k) Plans in New York

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Hanover Community Bank 401(k) Plan vs. nearby 401(k) plans in New York, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 -200204060 Total assets ($B) Participants Hanover Community Bank 401(k) Plan, Total assets ($B): 0.010317285 · Participants: 129Hanover Community Bank 401(k) PlanIBM 401 (K) Plus Plan, Total assets ($B): 53.363875208 · Participants: 56376IBM 401 (K) Plus PlanMorgan Stanley 401(k) Plan, Total assets ($B): 16.415517176 · Participants: 42924Morgan Stanley 401(k) PlanThe Pepsico Savings Plan, Total assets ($B): 12.067222 · Participants: 129846The Pepsico Savings PlanDeloitte 401(k) Plan, Total assets ($B): 10.966899716 · Participants: 74687Deloitte 401(k) PlanThe Goldman Sachs 401(k) Plan, Total assets ($B): 9.681988279 · Participants: 22650The Goldman Sachs 401(k) Plan
Hanover Community Bank 401(k) Plan vs. nearby 401(k) plans in New York, assets vs. participants
Compare Hanover Community Bank 401(k) Plan side-by-side with 3 peers →

Hanover Community Bank 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside New York, the nearest 401(k) by assets is Marlabs 401(k) Plan in NJ ($10M); by covered participants it is Blue Ocean Realty, LLC Retirement Plan in MD (129 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (129 participants); asset peers above are excluded.

DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How have Hanover Community Bank plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Hanover Community Bank's sponsor-wide assets grew 72.0%, from $10M to $18M.
Which 401(k) plans are similar in size to Hanover Community Bank 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Marlabs 401(k) Plan in NJ ($10M, 561 participants).
Which 401(k) plans cover a similar participant headcount to Hanover Community Bank 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Blue Ocean Realty, LLC Retirement Plan in MD (129 participants, $449K in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2022.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 261454386.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.