401(k) · DOL Form 5500 · 2023

Generations Bank 401(k) Plan

Data updated 2026-08-25

$3M
Total assets Small plan by assets
78
Participants Small participant base
37th
Percentile by assets National rank
$41,182
Avg per participant Low balance/head
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Official DOL plan name: Generations Bank 401(k) Plan · Sponsored by Generations Bank · New York · Finance & Insurance

$3M in assets, 78 participants

Generations Bank's Generations Bank 401(k) Plan reported $3M in total assets and 78 participants in its 2023 DOL Form 5500 filing, ranking in the 37th 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.

  • #2,269 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 401(k) Plan at $3M / 78 participants.

#2,269
in Finance & Insurance (8,869 peers)
+6.7%
assets growth YoY

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

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

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

$3,212,213 37th percentile higher than 37% 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 401(k) 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 401(k) Plan is a small filing (78 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Generations Bank 401(k) Plan reported net income rose from -$743K in the plan year 2022 filing to $201K in the plan year 2023 filing.
  • Generations Bank 401(k) Plan end-of-year assets rose from $3M in the plan year 2022 filing to $3M in the plan year 2023 filing.
  • Generations Bank 401(k) Plan reported participants fell from 83 in the plan year 2022 filing to 78 in the plan year 2023 filing.

See the national 2022→2023 release diff →

DOL schedule card

Filing strip 150443420 · Generations Bank PY 2023 · 401(k)

Generations Bank 401(k) Plan · $3M · 78 · 37th

  • BOOK $3M
  • BOOK 78
  • BOOK 37th
  • BOOK 401(k)
  • BOOK near Georgino Industrial Supply, Inc. 401(k) Profit Sharing Plan
  • BOOK ind #2269

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 →

Generations Bank 401(k) Plan in the asset neighbourhood

Generations Bank 401(k) Plan$3MGeorgino Industrial Supply, Inc. 401(k) Profit Sharing PlanGeorgino Industrial Supply, …$3MTraffic Engineering Consultants, Inc, 401(k) Profit Sharing PlanTraffic Engineering Consulta…$3MCleveland Medical Devices, Inc. Retirement PlanCleveland Medical Devices, I…$3MUni-Systems, LLC 401(k) Profit Sharing PlanUni-Systems, LLC 401(k) Prof…$3M
End-of-year total assets ($M) among Generations Bank 401(k) Plan and nearest nationwide 401(k) 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)$3M
Net Assets (End of Year)$3M
Net Income$201K
Employer EIN150443420
Plan Effective Date2006-05-01
Filing StatusFILING RECEIVED

Nearby 401(k) Plans in New York

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

Generations Bank 401(k) Plan vs. nearby 401(k) plans in New York, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 -20020406080 Total assets ($B) Participants Generations Bank 401(k) Plan, Total assets ($B): 0.003212213 · Participants: 78Generations Bank 401(k) PlanIBM 401 (K) Plus Plan, Total assets ($B): 57.428456306 · Participants: 54912IBM 401 (K) Plus PlanPfizer Savings Plan, Total assets ($B): 19.56134085 · Participants: 30033Pfizer Savings PlanMorgan Stanley 401(k) Plan, Total assets ($B): 19.235068266 · Participants: 55363Morgan Stanley 401(k) PlanThe Pepsico Savings Plan, Total assets ($B): 13.651296 · Participants: 133597The Pepsico Savings PlanThe Goldman Sachs 401(k) Plan, Total assets ($B): 11.428659742 · Participants: 24866The Goldman Sachs 401(k) Plan
Generations Bank 401(k) Plan vs. nearby 401(k) plans in New York, assets vs. participants
Compare Generations Bank 401(k) Plan side-by-side with 3 peers →

Generations 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 Georgino Industrial Supply, Inc. 401(k) Profit Sharing Plan in PA ($3M); by covered participants it is Rasi 401(k) Plan in CO (78 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (78 participants); asset peers above are excluded.

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 401(k) Plan assets move in 2023? ▼
Generations Bank 401(k) Plan grew at a solid clip - up 6.7% during 2023, from $3M to $3M. Reported net income was $201K.
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 401(k) plans are similar in size to Generations Bank 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Georgino Industrial Supply, Inc. 401(k) Profit Sharing Plan in PA ($3M, 16 participants).
Which 401(k) plans cover a similar participant headcount to Generations Bank 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Rasi 401(k) Plan in CO (78 participants, N/A 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.