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Hometown Bank of the Hudson Valley Amended and Restated Employee Stock Ownership Plan
Hometown Bank of the Hudson Valley, Walden NY. Employer ID 141155583, plan number 002. Annual reports on file for 2009 to 2016.
Where the money went
- Filed 2009-2016Hometown Bank of the Hudson Valley Amended and Restated Employee Stock Ownership Plan, Hometown Bank of the Hudson Valley
- 2017Plan renumbered or taken over by a new sponsor to Hometown Bank of the Hudson Valley Amended and Restated Employee Stock Ownership Plan
- EndedHometown Bank of the Hudson Valley Amended and Restated Employee Stock Ownership Plan ended. Money was paid out, rolled to an IRA, or sent to a state or the PBGC. The distribution records show which.
Left in 2014? Worth asking about employer money
- In plan year 2014, active participants fell from 51 to 37 (27%), and 8 people left before they were fully vested. When a plan loses about 20% or more of its participants in a year, the IRS presumes a partial plan termination (Revenue Ruling 2007-43). Everyone who left in that period must then be fully vested in the employer's contributions. Filing
This is a reason to ask the plan, not a finding. The plan decides, and it may show the drop was routine.
Worked here?
Check your years. We show whether the plan merged or moved money while you were there, and draft the letter to the plan that holds it now.
Events in the filings
No unusual events.
People in the plan
"Left, still in the plan" counts people who left the employer but still have a benefit in the plan, as reported by the plan.
| Plan year | Participants | Left, still in the plan | Source |
|---|---|---|---|
| 2009 | 56 | 3 | Filing |
| 2010 | 77 | 12 | Filing |
| 2011 | 59 | 8 | Filing |
| 2012 | 64 | 15 | Filing |
| 2013 | 74 | 23 | Filing |
| 2014 | 79 | 42 | Filing |
| 2015 | 67 | 33 | Filing |
| 2016 | 71 | 40 | Filing |
Source: U.S. Department of Labor Form 5500 filings. Plan-level facts only; no one's balance. Information only, not legal advice.