# Magyar Bank DC Plan
Source: https://planprovider.pro/companies/magyar-bank-plan

> Magyar Bank's DC plan: 80 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Magyar Bank

- **Sponsor EIN:** 221085787

- **Sponsor Address:** 400 SOMERSET STREET, NEW BRUNSWICK, NJ, 08901

- **Plan Type:** DC

- **Total Participants:** 80

- **Total Assets:** $6.9M

## Key Plan Design Features

- **Auto-Enrollment:** No

- **Auto-Escalation:** No

- **Allows Roth Contributions:** No

- **Participant Loans:** No

- **Participant-Directed Investments:** No

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

## Plan Financials by Year

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

| 2024|80|$6.9M|$131,962|$0|

| 2023|71|$5.3M|$141,102|$0|

| 2022|70|$6.2M|$139,231|$0|

## Similar Plans

- [First Hope Bancorp](https://planprovider.pro/companies/first-hope-bancorp-plan) — 79 participants

- [Provident Bank](https://planprovider.pro/companies/provident-bank-plan-001) — 82 participants

- [Spencer Savings Bank, Sla](https://planprovider.pro/companies/spencer-savings-bank-sla-plan) — 67 participants

- [Bogota Savings Bank](https://planprovider.pro/companies/bogota-savings-bank-401k-plan) — 66 participants

- [Haven Savings Bank](https://planprovider.pro/companies/haven-savings-bank-401k-plan) — 101 participants

- [Somerset Regal Bank](https://planprovider.pro/companies/somerset-savings-bank-sla-plan-003) — 102 participants

[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/magyar-bank-plan)

© 2026 PlanProvider.Pro