401(k) · DOL Form 5500 · 2024

Hometown Bank 401(k) Plan

Data updated 2026-08-25

$15M
Total assets Small plan by assets
124
Participants Small participant base
65th
Percentile by assets National rank
$121,868
Avg per participant Near avg balance/head
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Official DOL plan name: Hometown Bank 401(k) Plan · Sponsored by Hometown Bank · Minnesota · Finance & Insurance

$15M in assets, 124 participants

Hometown Bank's Hometown Bank 401(k) Plan reported $15M in total assets and 124 participants in its 2024 DOL Form 5500 filing, ranking in the 65th 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.

  • #4,152 in Finance & Insurance (8,549 peers)

Coverage in Minnesota

Hometown Bank 401(k) Plan covers 124 participants in Minnesota, about 11% of the average Minnesota filer (state average ~1,126 per filing). Assets: $15M.

#4,152
in Finance & Insurance (8,549 peers)
+19.8%
assets growth YoY

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

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

End-of-year total assets · plan year 2024 · DOL Form 5500

$15,111,607 Top 35% higher than 65% 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

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

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Hometown Bank 401(k) Plan sits mid-pack in the medium band (124 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Hometown Bank 401(k) Plan end-of-year assets rose from $13M in the plan year 2023 filing to $15M in the plan year 2024 filing.
  • Hometown Bank 401(k) Plan reported net income rose from $2M in the plan year 2023 filing to $3M in the plan year 2024 filing.
  • Hometown Bank 401(k) Plan reported participants rose from 118 in the plan year 2023 filing to 124 in the plan year 2024 filing.

See the national 2023→2024 release diff →

DOL schedule card

Filing strip 410498480 · Hometown Bank PY 2024 · 401(k)

Hometown Bank 401(k) Plan · $15M · 124 · 65th

  • VS-ST $15M
  • VS-ST 124
  • VS-ST 65th
  • VS-ST 401(k)
  • VS-ST near Vaughn, Silverberg & Associates Ps Plan
  • VS-ST ind #4152

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 Minnesota →

Hometown Bank 401(k) Plan in the asset neighbourhood

Hometown Bank 401(k) Plan$15MVaughn, Silverberg & Associates Ps PlanVaughn, Silverberg & Associa…$15MKaleidoscope Animations, Inc. 401(k) Retirement PlanKaleidoscope Animations, Inc…$15MKugler Company 401(k) Profit Sharing PlanKugler Company 401(k) Profit…$15MSrc 401(k) Plan$15M
End-of-year total assets ($M) among Hometown Bank 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Minnesota filing particulars

Total Assets (Beginning of Year)$13M
Net Assets (End of Year)$15M
Net Income$3M
Employer EIN410498480
Plan Effective Date1985-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Hometown Bank)

Sponsor-wide plan assets over time

All Hometown Bank plans reported in each filing year

Latest sponsor-wide plan assets
$15M 46.12529215906991% vs 2022
2024 filing year
$8M$10M$12M$14M$16M 202220232024 $10.3M $15.1M ▲ +46.1%
Year Plans Participants Total Assets
2022 1 102 $10M
2023 1 118 $13M
2024 1 124 $15M

Nearby 401(k) Plans in Minnesota

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

Hometown Bank 401(k) Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000400000500000 -20020406080 Total assets ($B) Participants Hometown Bank 401(k) Plan, Total assets ($B): 0.015111607 · Participants: 124Hometown Bank 401(k) PlanWells Fargo & Company 401(k) Plan, Total assets ($B): 57.886997456 · Participants: 179076Wells Fargo & Company 401(k) PlanUnitedhealth Group 401(k) Savings Plan, Total assets ($B): 26.618762181 · Participants: 205460Unitedhealth Group 401(k) Savings PlanTarget Corporation 401(k) Plan, Total assets ($B): 14.419645154 · Participants: 409649Target Corporation 401(k) PlanMedtronic Savings and Investment Plan, Total assets ($B): 13.719378 · Participants: 38480Medtronic Savings and Investment PlanU.S. Bank 401(k) Savings Plan, Total assets ($B): 11.442089862 · Participants: 73109U.S. Bank 401(k) Savings Plan
Hometown Bank 401(k) Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants
Compare Hometown Bank 401(k) Plan side-by-side with 3 peers →

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

Outside Minnesota, the nearest 401(k) by assets is Vaughn, Silverberg & Associates Ps Plan in TX ($15M); by covered participants it is General Aviation Flying Services, Inc. 401(k) Plan in NJ (124 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($15M here).

Similar participant headcount

Nearest other-state filings by covered participants (124 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 Hometown Bank 401(k) Plan assets move in 2024? ▼
Hometown Bank 401(k) Plan grew sharply - up 19.8% during 2024, from $13M to $15M. Reported net income was $3M.
How have Hometown Bank plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Hometown Bank's sponsor-wide assets grew 46.1%, from $10M to $15M.
Which 401(k) plans are similar in size to Hometown Bank 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Vaughn, Silverberg & Associates Ps Plan in TX ($15M, 81 participants).
Which 401(k) plans cover a similar participant headcount to Hometown Bank 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is General Aviation Flying Services, Inc. 401(k) Plan in NJ (124 participants, N/A 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 410498480.

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.