401(k) · DOL Form 5500 · 2024

Hanover Community Bank 401(k) Plan

Data updated 2026-08-25

$18M
Total assets Small plan by assets
167
Participants Small participant base
68th
Percentile by assets National rank
$106,246
Avg per participant Below avg balance/head
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Official DOL plan name: Hanover Community Bank 401(k) Plan · Sponsored by Hanover Community Bank · New York · Finance & Insurance

$18M in assets, 167 participants

Hanover Community Bank's Hanover Community Bank 401(k) Plan reported $18M in total assets and 167 participants in its 2024 DOL Form 5500 filing, ranking in the 68th 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.

  • #4,470 in Finance & Insurance (8,549 peers)

Coverage in New York

Hanover Community Bank 401(k) Plan covers 167 participants in New York, about 21% of the average New York filer (state average ~798 per filing). Assets: $18M.

#4,470
in Finance & Insurance (8,549 peers)
+21.7%
assets growth YoY

Hanover Community Bank 401(k) Plan's outsized position by total assets

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

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

$17,743,042 Top 32% higher than 68% 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

Hanover Community 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. Hanover Community Bank 401(k) Plan sits mid-pack in the medium band (167 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Hanover Community Bank 401(k) Plan reported net income fell from $4M in the plan year 2023 filing to $3M in the plan year 2024 filing.
  • Hanover Community Bank 401(k) Plan end-of-year assets rose from $15M in the plan year 2023 filing to $18M in the plan year 2024 filing.
  • Hanover Community Bank 401(k) Plan reported participants rose from 155 in the plan year 2023 filing to 167 in the plan year 2024 filing.

See the national 2023→2024 release diff →

Form 5500 schedule snapshot

Filing strip 261454386 · Hanover Community Bank PY 2024 · 401(k)

Hanover Community Bank 401(k) Plan · $18M · 167 · 68th

  • 5500 $18M
  • 5500 167
  • 5500 68th
  • 5500 401(k)
  • 5500 near Cca Construction, Inc. 401 (K) Savings Plan
  • 5500 ind #4470

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 →

Hanover Community Bank 401(k) Plan in the asset neighbourhood

Hanover Community Bank 401(k) PlanHanover Community Bank 401(k…$18MCca Construction, Inc. 401 (K) Savings PlanCca Construction, Inc. 401 (…$18MWeisgram Metal Fab, Inc. 401(k) PlanWeisgram Metal Fab, Inc. 401…$18MDynamic Air Inc. 401(k) Plan$18MBearing Technologies, Ltd 401(k) Profit Sharing PlanBearing Technologies, Ltd 40…$18M
End-of-year total assets ($M) among Hanover Community Bank 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

New York filing particulars

Total Assets (Beginning of Year)$15M
Net Assets (End of Year)$18M
Net Income$3M
Employer EIN261454386
Plan Effective Date2022-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Hanover Community Bank)

Sponsor-wide plan assets over time

All Hanover Community Bank plans reported in each filing year

Latest sponsor-wide plan assets
$18M 71.9739446957218% vs 2022
2024 filing year
$5M$10M$15M$20M 202220232024 $10.3M $17.7M ▲ +71.9%
Year Plans Participants Total Assets
2022 1 129 $10M
2023 1 155 $15M
2024 1 167 $18M

Nearby 401(k) Plans in New York

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

Hanover Community 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 ($B) Participants Hanover Community Bank 401(k) Plan, Total assets ($B): 0.017743042 · Participants: 167Hanover Community Bank 401(k) PlanIBM 401(k) Plan, Total assets ($B): 60.39355615 · Participants: 52674IBM 401(k) PlanMorgan Stanley 401(k) Plan, Total assets ($B): 22.180692974 · Participants: 53860Morgan Stanley 401(k) PlanPfizer Savings Plan, Total assets ($B): 21.9871528 · Participants: 33309Pfizer Savings PlanThe Pepsico Savings Plan, Total assets ($B): 14.9369507 · Participants: 137398The Pepsico Savings PlanThe Goldman Sachs 401(k) Plan, Total assets ($B): 12.807939404 · Participants: 23227The Goldman Sachs 401(k) Plan
Hanover Community Bank 401(k) Plan vs. nearby 401(k) plans in New York, assets vs. participants
Compare Hanover Community Bank 401(k) Plan side-by-side with 3 peers →

Hanover Community 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 Cca Construction, Inc. 401 (K) Savings Plan in NJ ($18M); by covered participants it is Lightning Emotors, Inc. 401(k) Plan in CO (167 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($18M here).

Similar participant headcount

Nearest other-state filings by covered participants (167 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 Hanover Community Bank 401(k) Plan assets move in 2024? ▼
Hanover Community Bank 401(k) Plan grew sharply - up 21.7% during 2024, from $15M to $18M. Reported net income was $3M.
How have Hanover Community Bank plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Hanover Community Bank's sponsor-wide assets grew 72.0%, from $10M to $18M.
Which 401(k) plans are similar in size to Hanover Community Bank 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Cca Construction, Inc. 401 (K) Savings Plan in NJ ($18M, 76 participants).
Which 401(k) plans cover a similar participant headcount to Hanover Community Bank 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Lightning Emotors, Inc. 401(k) Plan in CO (167 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 261454386.

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.