# Hometown Bancshares, INC. 401(k) Plan
Source: https://planprovider.pro/companies/hometown-bancshares-inc-401k-plan

> Hometown Bancshares, INC.'s 401(k) plan: 57 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Hometown Bancshares, INC.

- **Sponsor EIN:** 550757685

- **Sponsor Address:** 103 DODD STREET, MIDDLEBOURNE, WV, 26149

- **Plan Type:** 401(k)

- **Total Participants:** 57

- **Total Assets:** $8.9M

## Key Plan Design Features

- **Auto-Enrollment:** Yes

- **Auto-Escalation:** No

- **Allows Roth Contributions:** No

- **Participant Loans:** No

- **Participant-Directed Investments:** Yes

- **ERISA Section 404(c) Fiduciary Safe Harbor:** No

## Plan Financials by Year

| Year|Participants|Total Assets|Employer Contrib.|Employee Contrib.|

| 2024|57|$8.9M|$220,569|$150,481|

| 2023|58|$7.9M|$241,685|$149,015|

| 2022|57|$8.3M|$202,828|$156,364|

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