ESOP · DOL Form 5500 · 2023

The Bank of Greene County ESOP

Data updated 2026-08-11

$13M
Total assets
165
Participants
64th
Percentile by assets
$79,040
Avg per participant
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Official DOL plan name: The Bank of Greene County Employee Stock Ownership Plan · Sponsored by The Bank of Greene County · New York · Finance & Insurance

$13M in assets, 165 participants

The Bank of Greene County's The Bank of Greene County Employee Stock Ownership Plan reported $13M in total assets and 165 participants in its 2023 DOL Form 5500 filing, ranking in the 64th 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.

  • 64th percentile by assets (of 127,072 plans)
  • #4,369 in Finance & Insurance (8,869 peers)

Coverage in New York

The Bank of Greene County Employee Stock Ownership Plan covers 165 participants in New York, about 21% of the average New York filer (state average ~798 per filing). Assets: $13M.

$13M
total plan assets (2023 EOY)
165
covered participants
64th
percentile by assets (of 127,072 plans)
$79,040
avg assets per participant

The plan reported a net loss of $1M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • The Bank of Greene County Employee Stock Ownership Plan reported net income fell from $4M in the plan year 2022 filing to -$1M in the plan year 2023 filing.
  • The Bank of Greene County Employee Stock Ownership Plan end-of-year assets fell from $14M in the plan year 2022 filing to $13M in the plan year 2023 filing.
  • The Bank of Greene County Employee Stock Ownership Plan reported participants fell from 176 in the plan year 2022 filing to 165 in the plan year 2023 filing.

See the national 2022→2023 release diff →

State

Participants vs New York filers

In New York, the average filing covers about 798 participants across 9,061 plans. The Bank of Greene County Employee Stock Ownership Plan reports 165 participants - about 21% of that state average ($13M EOY assets).

New York filing particulars

Total Assets (Beginning of Year)$14M
Net Assets (End of Year)$13M
Net Income-$1M
Employer EIN140553610
Plan Effective Date1998-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (The Bank of Greene County)

$35M$36M$37M$38M$39M 202220232024 $35.4M $38.1M ▲ +7.5%
Total plan assets by year, all The Bank of Greene County plans on file
Year Plans Participants Total Assets
2022 2 360 $35M
2023 2 367 $37M
2024 2 407 $38M

Nearby ESOP Plans in New York

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

The Bank of Greene County Employee Stock Ownership Plan vs. nearby ESOP plans in New York, assets vs. participants

The Bank of Greene County 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 The Bank of Greene C…Stewart's Shops Corp…North Coast Holdings…Griffon Corporation …Greenman-Pedersen, I…H.C. Wainwright & Co…
The Bank of Greene County Employee Stock Ownership Plan vs. nearby ESOP plans in New York, assets vs. participants

Similar-Sized ESOP Plans Nationally

ESOP plans in other states closest to The Bank of Greene County Employee Stock Ownership Plan by total assets, not by location.

Frequently Asked Questions

How did The Bank of Greene County Employee Stock Ownership Plan assets move in 2023?
The Bank of Greene County Employee Stock Ownership Plan pulled back noticeably - down 7.9% during 2023, from $14M to $13M. Reported net income was -$1M.
How have The Bank of Greene County plan assets changed over time?
Across 3 plan years on file (2022-2024), The Bank of Greene County's sponsor-wide assets grew 7.5%, from $35M to $38M.
Which ESOP plans are similar in size to The Bank of Greene County Employee Stock Ownership Plan?
Among ESOP plans in other states, the closest by assets is G.a.P. Holding Company, Inc. Employee Stock Ownership Plan in PA ($13M, 160 participants).

Next read for The Bank of Greene County Employee Stock…

Filing takeaways

Ways to act on The Bank of Greene County Employee Stock Ownership Plan's numbers.