ESOP · DOL Form 5500 · 2024

Generations Bank ESOP

Data updated 2026-08-25

$2M
Total assets Small plan by assets
64
Participants Small participant base
31st
Percentile by assets National rank
$35,630
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

$2M in assets, 64 participants

Generations Bank's Generations Bank Employee Stock Ownership Plan reported $2M in total assets and 64 participants in its 2024 DOL Form 5500 filing, ranking in the 31st 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.

  • #1,687 in Finance & Insurance (8,549 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 $2M / 64 participants.

#1,687
in Finance & Insurance (8,549 peers)
+56.1%
assets growth YoY

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 2024 · DOL Form 5500

$2,280,289 31st percentile higher than 31% of 123,620 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 2024

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

Plan-year 2024 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 (64 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Generations Bank Employee Stock Ownership Plan reported net income rose from -$125K in the plan year 2023 filing to $852K in the plan year 2024 filing.
  • Generations Bank Employee Stock Ownership Plan end-of-year assets rose from $1M in the plan year 2023 filing to $2M in the plan year 2024 filing.
  • Generations Bank Employee Stock Ownership Plan reported participants rose from 59 in the plan year 2023 filing to 64 in the plan year 2024 filing.

See the national 2023→2024 release diff →

Plan-year Form 5500 strip

Filing strip 150443420 · Generations Bank PY 2024 · ESOP

Generations Bank Employee Stock Ownership Plan · $2M · 64 · 31st

  • PART $2M
  • TYPE 64
  • NET 31st
  • BOOK ESOP
  • VS-ST near Riverview Bancorp, Inc. Employee Stock Ownership Plan
  • BOY ind #1687

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…$2MRiverview Bancorp, Inc. Employee Stock Ownership PlanRiverview Bancorp, Inc. Empl…$2MHighlands Bankshares, Inc. Employee Stock Ownership PlanHighlands Bankshares, Inc. E…$2MCivilworks Holdings, Inc. Employee Stock Ownership 401(k) PlanCivilworks Holdings, Inc. Em…$2MErie Industrial Supply Company Employee Stock Ownership PlanErie Industrial Supply Compa…$2M
End-of-year total assets ($M) among Generations Bank Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2024.

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 (2024)

Total Assets (Beginning of Year)$1M
Net Assets (End of Year)$1M
Net Income$852K
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. -100001000200030004000 -20002004006008001000 Total assets ($M) Participants Generations Bank Employee Stock Ownership Plan, Total assets ($M): 2.280289 · Participants: 64Generations Bank Employee Stock Ownership PlanStewart's Shops Corp Employee Stock Ownership Plan, Total assets ($M): 896.840227 · Participants: 3483Stewart's Shops Corp Employee Stock Ownership PlanNorth Coast Holdings Employee Stock Ownership Plan, Total assets ($M): 450.776522 · Participants: 3042North Coast Holdings Employee Stock Ownership PlanGriffon Corporation Employee Stock Ownership Plan, Total assets ($M): 306.094988 · Participants: 3209Griffon Corporation Employee Stock Ownership PlanGreenman-Pedersen, Inc. Employee Stock Ownership Plan, Total assets ($M): 254.362741 · Participants: 1716Greenman-Pedersen, Inc. Employee Stock Ownership PlanMarshall & Sterling Enterprises, Inc. Employee Stock Ownership Plan, Total assets ($M): 234.345888 · Participants: 518Marshall & Sterling Enterprises, Inc. 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 Riverview Bancorp, Inc. Employee Stock Ownership Plan in WA ($2M); by covered participants it is The Bank of Tescott Employee Stock Ownership Plan and Trust in KS (64 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (64 participants); asset peers above are excluded.

DOL Form 5500 plan year 2024. 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 2024? ▼
Generations Bank Employee Stock Ownership Plan surged - up 56.1% during 2024, from $1M to $2M. Reported net income was $852K.
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 Riverview Bancorp, Inc. Employee Stock Ownership Plan in WA ($2M, 192 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 The Bank of Tescott Employee Stock Ownership Plan and Trust in KS (64 participants, $5M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2024.

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.