401k Plan data: HOMETOWN BANCORP OF ALABAMA, INC EMPLOYEE STOCK OWNERSHIP PLAN plan

HOMETOWN BANCORP OF ALABAMA, INC EMPLOYEE STOCK OWNERSHIP PLAN 401k Plan overview

Plan Name	HOMETOWN BANCORP OF ALABAMA, INC EMPLOYEE STOCK OWNERSHIP PLAN
Plan identification number	002

HOMETOWN BANCORP OF ALABAMA, INC EMPLOYEE STOCK OWNERSHIP PLAN Benefits

401k Plan Type	Defined Contribution Pension
Plan Features/Benefits	Profit-sharing ESOP other than a leveraged ESOP - A completed Schedule E must be attached to a Form 5500 filed for an Employee Stock Ownership Plan (ESOP). Plan requiring that all or part of employer contributions be invested and held, at least for a limited period, in employer securities.

401k Sponsoring company profile

HOMETOWN BANCORP OF ALABAMA, INC. has sponsored the creation of one or more 401k plans.

Company Name: HOMETOWN BANCORP OF ALABAMA, INC.

Employer identification number (EIN): 141844545

NAIC Classification: 522110
NAIC Description: Commercial Banking

Form 5500 Filing Information

Submission information for form 5500 for 401k plan HOMETOWN BANCORP OF ALABAMA, INC EMPLOYEE STOCK OWNERSHIP PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
002 2022-01-01 PATTI YOUNG 2023-09-11
002 2021-01-01 PATTI YOUNG 2022-10-12
002 2020-01-01 PATTI YOUNG 2021-09-13
002 2019-01-01 PATTI YOUNG 2020-10-15
002 2018-01-01 PATTI YOUNG 2019-10-10
002 2017-01-01

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed
002	2022-01-01	PATTI YOUNG	2023-09-11
002	2021-01-01	PATTI YOUNG	2022-10-12
002	2020-01-01	PATTI YOUNG	2021-09-13
002	2019-01-01	PATTI YOUNG	2020-10-15
002	2018-01-01	PATTI YOUNG	2019-10-10
002	2017-01-01

Plan Statistics for HOMETOWN BANCORP OF ALABAMA, INC EMPLOYEE STOCK OWNERSHIP PLAN

401k plan membership statisitcs for HOMETOWN BANCORP OF ALABAMA, INC EMPLOYEE STOCK OWNERSHIP PLAN

Measure Date Value
2022: HOMETOWN BANCORP OF ALABAMA, INC EMPLOYEE STOCK OWNERSHIP PLAN 2022 401k membership
Total participants, beginning-of-year 2022-01-01 71
Total number of active participants reported on line 7a of the Form 5500 2022-01-01 53
Number of retired or separated participants receiving benefits 2022-01-01 0
Number of other retired or separated participants entitled to future benefits 2022-01-01 18
Total of all active and inactive participants 2022-01-01 71
Total participants 2022-01-01 71
Number of participants with account balances 2022-01-01 71
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2022-01-01 2
2021: HOMETOWN BANCORP OF ALABAMA, INC EMPLOYEE STOCK OWNERSHIP PLAN 2021 401k membership
Total participants, beginning-of-year 2021-01-01 77
Total number of active participants reported on line 7a of the Form 5500 2021-01-01 56
Number of retired or separated participants receiving benefits 2021-01-01 0
Number of other retired or separated participants entitled to future benefits 2021-01-01 15
Total of all active and inactive participants 2021-01-01 71
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2021-01-01 0
Total participants 2021-01-01 71
Number of participants with account balances 2021-01-01 71
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2021-01-01 1
2020: HOMETOWN BANCORP OF ALABAMA, INC EMPLOYEE STOCK OWNERSHIP PLAN 2020 401k membership
Total participants, beginning-of-year 2020-01-01 76
Total number of active participants reported on line 7a of the Form 5500 2020-01-01 60
Number of retired or separated participants receiving benefits 2020-01-01 16
Number of other retired or separated participants entitled to future benefits 2020-01-01 0
Total of all active and inactive participants 2020-01-01 76
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2020-01-01 0
Total participants 2020-01-01 76
Number of participants with account balances 2020-01-01 76
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2020-01-01 0
2019: HOMETOWN BANCORP OF ALABAMA, INC EMPLOYEE STOCK OWNERSHIP PLAN 2019 401k membership
Total participants, beginning-of-year 2019-01-01 76
Total number of active participants reported on line 7a of the Form 5500 2019-01-01 56
Number of retired or separated participants receiving benefits 2019-01-01 1
Number of other retired or separated participants entitled to future benefits 2019-01-01 14
Total of all active and inactive participants 2019-01-01 71
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2019-01-01 0
Total participants 2019-01-01 71
Number of participants with account balances 2019-01-01 71
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2019-01-01 1
2018: HOMETOWN BANCORP OF ALABAMA, INC EMPLOYEE STOCK OWNERSHIP PLAN 2018 401k membership
Total participants, beginning-of-year 2018-01-01 77
Total number of active participants reported on line 7a of the Form 5500 2018-01-01 57
Number of retired or separated participants receiving benefits 2018-01-01 2
Number of other retired or separated participants entitled to future benefits 2018-01-01 13
Total of all active and inactive participants 2018-01-01 72
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2018-01-01 0
Total participants 2018-01-01 72
Number of participants with account balances 2018-01-01 72
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2018-01-01 2
2017: HOMETOWN BANCORP OF ALABAMA, INC EMPLOYEE STOCK OWNERSHIP PLAN 2017 401k membership
Total participants, beginning-of-year 2017-01-01 71
Total number of active participants reported on line 7a of the Form 5500 2017-01-01 58
Number of retired or separated participants receiving benefits 2017-01-01 0
Number of other retired or separated participants entitled to future benefits 2017-01-01 11
Total of all active and inactive participants 2017-01-01 69
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2017-01-01 0
Total participants 2017-01-01 69
Number of participants with account balances 2017-01-01 69
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2017-01-01 3

Measure	Date	Value
2022: HOMETOWN BANCORP OF ALABAMA, INC EMPLOYEE STOCK OWNERSHIP PLAN 2022 401k membership
Total participants, beginning-of-year	2022-01-01	71
Total number of active participants reported on line 7a of the Form 5500	2022-01-01	53
Number of retired or separated participants receiving benefits	2022-01-01	0
Number of other retired or separated participants entitled to future benefits	2022-01-01	18
Total of all active and inactive participants	2022-01-01	71
Total participants	2022-01-01	71
Number of participants with account balances	2022-01-01	71
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2022-01-01	2
2021: HOMETOWN BANCORP OF ALABAMA, INC EMPLOYEE STOCK OWNERSHIP PLAN 2021 401k membership
Total participants, beginning-of-year	2021-01-01	77
Total number of active participants reported on line 7a of the Form 5500	2021-01-01	56
Number of retired or separated participants receiving benefits	2021-01-01	0
Number of other retired or separated participants entitled to future benefits	2021-01-01	15
Total of all active and inactive participants	2021-01-01	71
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2021-01-01	0
Total participants	2021-01-01	71
Number of participants with account balances	2021-01-01	71
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2021-01-01	1
2020: HOMETOWN BANCORP OF ALABAMA, INC EMPLOYEE STOCK OWNERSHIP PLAN 2020 401k membership
Total participants, beginning-of-year	2020-01-01	76
Total number of active participants reported on line 7a of the Form 5500	2020-01-01	60
Number of retired or separated participants receiving benefits	2020-01-01	16
Number of other retired or separated participants entitled to future benefits	2020-01-01	0
Total of all active and inactive participants	2020-01-01	76
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2020-01-01	0
Total participants	2020-01-01	76
Number of participants with account balances	2020-01-01	76
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2020-01-01	0
2019: HOMETOWN BANCORP OF ALABAMA, INC EMPLOYEE STOCK OWNERSHIP PLAN 2019 401k membership
Total participants, beginning-of-year	2019-01-01	76
Total number of active participants reported on line 7a of the Form 5500	2019-01-01	56
Number of retired or separated participants receiving benefits	2019-01-01	1
Number of other retired or separated participants entitled to future benefits	2019-01-01	14
Total of all active and inactive participants	2019-01-01	71
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2019-01-01	0
Total participants	2019-01-01	71
Number of participants with account balances	2019-01-01	71
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2019-01-01	1
2018: HOMETOWN BANCORP OF ALABAMA, INC EMPLOYEE STOCK OWNERSHIP PLAN 2018 401k membership
Total participants, beginning-of-year	2018-01-01	77
Total number of active participants reported on line 7a of the Form 5500	2018-01-01	57
Number of retired or separated participants receiving benefits	2018-01-01	2
Number of other retired or separated participants entitled to future benefits	2018-01-01	13
Total of all active and inactive participants	2018-01-01	72
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2018-01-01	0
Total participants	2018-01-01	72
Number of participants with account balances	2018-01-01	72
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2018-01-01	2
2017: HOMETOWN BANCORP OF ALABAMA, INC EMPLOYEE STOCK OWNERSHIP PLAN 2017 401k membership
Total participants, beginning-of-year	2017-01-01	71
Total number of active participants reported on line 7a of the Form 5500	2017-01-01	58
Number of retired or separated participants receiving benefits	2017-01-01	0
Number of other retired or separated participants entitled to future benefits	2017-01-01	11
Total of all active and inactive participants	2017-01-01	69
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2017-01-01	0
Total participants	2017-01-01	69
Number of participants with account balances	2017-01-01	69
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2017-01-01	3

Financial Data on HOMETOWN BANCORP OF ALABAMA, INC EMPLOYEE STOCK OWNERSHIP PLAN

Measure	Date	Value
2022 : HOMETOWN BANCORP OF ALABAMA, INC EMPLOYEE STOCK OWNERSHIP PLAN 2022 401k financial data
Total income from all sources	2022-12-31	$521,197
Expenses. Total of all expenses incurred	2022-12-31	$256,088
Benefits paid (including direct rollovers)	2022-12-31	$256,088
Total plan assets at end of year	2022-12-31	$7,413,765
Total plan assets at beginning of year	2022-12-31	$7,148,656
Value of fidelity bond covering the plan	2022-12-31	$2,000,000
Other income received	2022-12-31	$227,286
Net income (gross income less expenses)	2022-12-31	$265,109
Net plan assets at end of year (total assets less liabilities)	2022-12-31	$7,413,765
Net plan assets at beginning of year (total assets less liabilities)	2022-12-31	$7,148,656
Assets. Value of employer securities	2022-12-31	$6,641,460
Total contributions received or receivable from employer(s)	2022-12-31	$293,911
2021 : HOMETOWN BANCORP OF ALABAMA, INC EMPLOYEE STOCK OWNERSHIP PLAN 2021 401k financial data
Total plan liabilities at end of year	2021-12-31	$0
Total plan liabilities at beginning of year	2021-12-31	$0
Total income from all sources	2021-12-31	$1,046,626
Expenses. Total of all expenses incurred	2021-12-31	$340,847
Benefits paid (including direct rollovers)	2021-12-31	$340,847
Total plan assets at end of year	2021-12-31	$7,148,656
Total plan assets at beginning of year	2021-12-31	$6,442,877
Value of fidelity bond covering the plan	2021-12-31	$2,000,000
Other income received	2021-12-31	$703,784
Net income (gross income less expenses)	2021-12-31	$705,779
Net plan assets at end of year (total assets less liabilities)	2021-12-31	$7,148,656
Net plan assets at beginning of year (total assets less liabilities)	2021-12-31	$6,442,877
Assets. Value of employer securities	2021-12-31	$6,709,350
Total contributions received or receivable from employer(s)	2021-12-31	$342,842
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2021-12-31	$0
2020 : HOMETOWN BANCORP OF ALABAMA, INC EMPLOYEE STOCK OWNERSHIP PLAN 2020 401k financial data
Total plan liabilities at end of year	2020-12-31	$0
Total plan liabilities at beginning of year	2020-12-31	$0
Total income from all sources	2020-12-31	$569,474
Expenses. Total of all expenses incurred	2020-12-31	$0
Total plan assets at end of year	2020-12-31	$6,442,877
Total plan assets at beginning of year	2020-12-31	$5,873,403
Value of fidelity bond covering the plan	2020-12-31	$2,000,000
Other income received	2020-12-31	$269,354
Net income (gross income less expenses)	2020-12-31	$569,474
Net plan assets at end of year (total assets less liabilities)	2020-12-31	$6,442,877
Net plan assets at beginning of year (total assets less liabilities)	2020-12-31	$5,873,403
Assets. Value of employer securities	2020-12-31	$6,258,575
Total contributions received or receivable from employer(s)	2020-12-31	$300,120
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2020-12-31	$0
2019 : HOMETOWN BANCORP OF ALABAMA, INC EMPLOYEE STOCK OWNERSHIP PLAN 2019 401k financial data
Total plan liabilities at end of year	2019-12-31	$0
Total plan liabilities at beginning of year	2019-12-31	$0
Total income from all sources	2019-12-31	$772,645
Expenses. Total of all expenses incurred	2019-12-31	$174,008
Benefits paid (including direct rollovers)	2019-12-31	$174,008
Total plan assets at end of year	2019-12-31	$5,873,403
Total plan assets at beginning of year	2019-12-31	$5,274,766
Value of fidelity bond covering the plan	2019-12-31	$2,000,000
Total contributions received or receivable from participants	2019-12-31	$0
Expenses. Other expenses not covered elsewhere	2019-12-31	$0
Contributions received from other sources (not participants or employers)	2019-12-31	$0
Other income received	2019-12-31	$287,645
Noncash contributions received	2019-12-31	$0
Net income (gross income less expenses)	2019-12-31	$598,637
Net plan assets at end of year (total assets less liabilities)	2019-12-31	$5,873,403
Net plan assets at beginning of year (total assets less liabilities)	2019-12-31	$5,274,766
Assets. Value of employer securities	2019-12-31	$5,392,644
Total contributions received or receivable from employer(s)	2019-12-31	$485,000
Value of certain deemed distributions of participant loans	2019-12-31	$0
Value of corrective distributions	2019-12-31	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2019-12-31	$0
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2019-12-31	$0
2018 : HOMETOWN BANCORP OF ALABAMA, INC EMPLOYEE STOCK OWNERSHIP PLAN 2018 401k financial data
Total income from all sources	2018-12-31	$391,888
Expenses. Total of all expenses incurred	2018-12-31	$170,237
Benefits paid (including direct rollovers)	2018-12-31	$170,237
Total plan assets at end of year	2018-12-31	$5,274,766
Total plan assets at beginning of year	2018-12-31	$5,053,115
Value of fidelity bond covering the plan	2018-12-31	$2,000,000
Other income received	2018-12-31	$-118,701
Net income (gross income less expenses)	2018-12-31	$221,651
Net plan assets at end of year (total assets less liabilities)	2018-12-31	$5,274,766
Net plan assets at beginning of year (total assets less liabilities)	2018-12-31	$5,053,115
Assets. Value of employer securities	2018-12-31	$4,818,766
Total contributions received or receivable from employer(s)	2018-12-31	$510,589
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2018-12-31	$0
2017 : HOMETOWN BANCORP OF ALABAMA, INC EMPLOYEE STOCK OWNERSHIP PLAN 2017 401k financial data
Total income from all sources	2017-12-31	$1,138,734
Expenses. Total of all expenses incurred	2017-12-31	$1,700
Benefits paid (including direct rollovers)	2017-12-31	$1,700
Total plan assets at end of year	2017-12-31	$5,053,115
Total plan assets at beginning of year	2017-12-31	$3,916,081
Value of fidelity bond covering the plan	2017-12-31	$2,000,000
Total contributions received or receivable from participants	2017-12-31	$0
Contributions received from other sources (not participants or employers)	2017-12-31	$0
Other income received	2017-12-31	$736,262
Noncash contributions received	2017-12-31	$0
Net income (gross income less expenses)	2017-12-31	$1,137,034
Net plan assets at end of year (total assets less liabilities)	2017-12-31	$5,053,115
Net plan assets at beginning of year (total assets less liabilities)	2017-12-31	$3,916,081
Assets. Value of employer securities	2017-12-31	$4,337,417
Total contributions received or receivable from employer(s)	2017-12-31	$402,472
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2017-12-31	$0

Form 5500 Responses for HOMETOWN BANCORP OF ALABAMA, INC EMPLOYEE STOCK OWNERSHIP PLAN

2022: HOMETOWN BANCORP OF ALABAMA, INC EMPLOYEE STOCK OWNERSHIP PLAN 2022 form 5500 responses
2022-01-01	Type of plan entity	Single employer plan
2022-01-01	Submission has been amended	No
2022-01-01	This submission is the final filing	No
2022-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2022-01-01	Plan is a collectively bargained plan	No
2022-01-01	Plan funding arrangement – Trust	Yes
2022-01-01	Plan benefit arrangement - Trust	Yes
2021: HOMETOWN BANCORP OF ALABAMA, INC EMPLOYEE STOCK OWNERSHIP PLAN 2021 form 5500 responses
2021-01-01	Type of plan entity	Single employer plan
2021-01-01	Submission has been amended	No
2021-01-01	This submission is the final filing	No
2021-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2021-01-01	Plan is a collectively bargained plan	No
2021-01-01	Plan funding arrangement – Trust	Yes
2021-01-01	Plan benefit arrangement - Trust	Yes
2020: HOMETOWN BANCORP OF ALABAMA, INC EMPLOYEE STOCK OWNERSHIP PLAN 2020 form 5500 responses
2020-01-01	Type of plan entity	Single employer plan
2020-01-01	Submission has been amended	No
2020-01-01	This submission is the final filing	No
2020-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2020-01-01	Plan is a collectively bargained plan	No
2020-01-01	Plan funding arrangement – Trust	Yes
2020-01-01	Plan benefit arrangement - Trust	Yes
2019: HOMETOWN BANCORP OF ALABAMA, INC EMPLOYEE STOCK OWNERSHIP PLAN 2019 form 5500 responses
2019-01-01	Type of plan entity	Single employer plan
2019-01-01	Submission has been amended	No
2019-01-01	This submission is the final filing	No
2019-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2019-01-01	Plan is a collectively bargained plan	No
2019-01-01	Plan funding arrangement – Trust	Yes
2019-01-01	Plan benefit arrangement - Trust	Yes
2018: HOMETOWN BANCORP OF ALABAMA, INC EMPLOYEE STOCK OWNERSHIP PLAN 2018 form 5500 responses
2018-01-01	Type of plan entity	Single employer plan
2018-01-01	Submission has been amended	No
2018-01-01	This submission is the final filing	No
2018-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2018-01-01	Plan is a collectively bargained plan	No
2018-01-01	Plan funding arrangement – Trust	Yes
2018-01-01	Plan benefit arrangement - Trust	Yes
2017: HOMETOWN BANCORP OF ALABAMA, INC EMPLOYEE STOCK OWNERSHIP PLAN 2017 form 5500 responses
2017-01-01	Type of plan entity	Single employer plan
2017-01-01	Submission has been amended	No
2017-01-01	This submission is the final filing	No
2017-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2017-01-01	Plan is a collectively bargained plan	No
2017-01-01	Plan funding arrangement – Trust	Yes
2017-01-01	Plan benefit arrangement - Trust	Yes

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Company Name:	HOMETOWN BANCORP OF ALABAMA, INC.
Employer identification number (EIN):	141844545
NAIC Classification:	522110
NAIC Description:	Commercial Banking