ESOP · DOL Form 5500 · 2023

Generations Bank ESOP

Data updated 2026-08-25

$1M
Total assets Small plan by assets
59
Participants Small participant base
27th
Percentile by assets National rank
$24,764
Avg per participant Low balance/head
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Official DOL plan name: Generations Bank Employee Stock Ownership Plan · Sponsored by Generations Bank · New York · Finance & Insurance

$1M in assets, 59 participants

Generations Bank's Generations Bank Employee Stock Ownership Plan reported $1M in total assets and 59 participants in its 2023 DOL Form 5500 filing, ranking in the 27th 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.

  • #1,600 in Finance & Insurance (8,869 peers)

Generations Bank multi-year trail

Generations Bank's plans moved -26.2% in assets from 2022 to 2024; this filing shows Generations Bank Employee Stock Ownership Plan at $1M / 59 participants.

#1,600
in Finance & Insurance (8,869 peers)
-9.7%
assets change YoY

The plan reported a net loss of $125K for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Generations Bank Employee Stock Ownership Plan among the smaller filed plans by assets

Generations Bank Employee Stock Ownership Plan vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$1,461,060 27th percentile higher than 27% of 127,068 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 2023

Generations Bank Employee Stock Ownership Plan among smaller filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Generations Bank Employee Stock Ownership Plan is a small filing (59 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Generations Bank Employee Stock Ownership Plan reported net income rose from -$176K in the plan year 2022 filing to -$125K in the plan year 2023 filing.
  • Generations Bank Employee Stock Ownership Plan reported participants fell from 74 in the plan year 2022 filing to 59 in the plan year 2023 filing.
  • Generations Bank Employee Stock Ownership Plan end-of-year assets fell from $2M in the plan year 2022 filing to $1M in the plan year 2023 filing.

See the national 2022→2023 release diff →

Published 5500 schedule card

Filing strip 150443420 · Generations Bank PY 2023 · ESOP

Generations Bank Employee Stock Ownership Plan · $1M · 59 · 27th

  • VS-ST $1M
  • VS-ST 59
  • VS-ST 27th
  • VS-ST ESOP
  • VS-ST near Hargis + Associates, Inc. Employee Stock Ownership Plan and Trust Agreement
  • VS-ST ind #1600

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 What is an ESOP? → · Plans in New York →

Generations Bank Employee Stock Ownership Plan in the asset neighbourhood

Generations Bank Employee Stock Ownership PlanGenerations Bank Employee St…$1MHargis + Associates, Inc. Employee Stock Ownership Plan and Trust AgreementHargis + Associates, Inc. Em…$1MIntuitive Technology Group, Inc Employee Stock Ownership PlanIntuitive Technology Group, …$1MThalner Electronic Laboratories, Inc. Employees Stock Ownership PlanThalner Electronic Laborator…$1MTrussell Technologies, Inc. Employee Stock Ownership PlanTrussell Technologies, Inc. …$1M
End-of-year total assets ($M) among Generations Bank Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2023.

Generations Bank multi-year asset trail

Sponsor-wide plan assets over time

All Generations Bank plans reported in each filing year

Latest sponsor-wide plan assets
$6M 26.155968125882012% vs 2022
2024 filing year
$4M$5M$6M$7M$8M 202220232024 $7.64M $5.64M ▼ -26.2%
Year Plans Participants Total Assets
2022 3 240 $8M
2023 2 137 $5M
2024 2 140 $6M

Generations Bank filing trail (2023)

Total Assets (Beginning of Year)$2M
Net Assets (End of Year)$420K
Net Income-$125K
Employer EIN150443420
Plan Effective Date2006-01-01
Filing StatusFILING RECEIVED

Nearby ESOP Plans in New York

Peer ESOP plans, same state, same plan type, ranked by total assets.

Generations Bank Employee Stock Ownership Plan vs. nearby ESOP plans in New York, assets vs. participants Scatter plot of 6 data points. -1000010002000300040005000 -20002004006008001000 Total assets ($M) Participants Generations Bank Employee Stock Ownership Plan, Total assets ($M): 1.46106 · Participants: 59Generations Bank Employee Stock Ownership PlanStewart's Shops Corp Employee Stock Ownership Plan, Total assets ($M): 876.57583 · Participants: 3439Stewart's Shops Corp Employee Stock Ownership PlanNorth Coast Holdings Employee Stock Ownership Plan, Total assets ($M): 406.002646 · Participants: 4467North Coast Holdings Employee Stock Ownership PlanGriffon Corporation Employee Stock Ownership Plan, Total assets ($M): 298.738533 · Participants: 3674Griffon Corporation Employee Stock Ownership PlanGreenman-Pedersen, Inc. Employee Stock Ownership Plan, Total assets ($M): 247.681611 · Participants: 1704Greenman-Pedersen, Inc. Employee Stock Ownership PlanH.C. Wainwright & Co. Employee Stock Ownership Plan, Total assets ($M): 241.736533 · Participants: 93H.C. Wainwright & Co. Employee Stock Ownership Plan
Generations Bank Employee Stock Ownership Plan vs. nearby ESOP plans in New York, assets vs. participants
Compare Generations Bank Employee Stock Ownership Plan side-by-side with 3 peers →

Generations Bank Employee Stock Ownership Plan's out-of-state ESOP peers by assets and headcount

Outside New York, the nearest ESOP by assets is Hargis + Associates, Inc. Employee Stock Ownership Plan and Trust Agreement in CA ($1M); by covered participants it is Preferred Drilling Solutions, Inc. Employee Stock Ownership Plan in FL (59 participants). Same-state nearby plans are listed separately above.

DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Generations Bank Employee Stock Ownership Plan assets move in 2023? ▼
Generations Bank Employee Stock Ownership Plan pulled back noticeably - down 9.7% during 2023, from $2M to $1M. Reported net income was -$125K.
How have Generations Bank plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Generations Bank's sponsor-wide assets declined 26.2%, from $8M to $6M.
Which ESOP plans are similar in size to Generations Bank Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is Hargis + Associates, Inc. Employee Stock Ownership Plan and Trust Agreement in CA ($1M, 35 participants).
Which ESOP plans cover a similar participant headcount to Generations Bank Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Preferred Drilling Solutions, Inc. Employee Stock Ownership Plan in FL (59 participants, $3M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 150443420.

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.