MAGYAR BANK has sponsored the creation of one or more 401k plans.
Submission information for form 5500 for 401k plan MAGYAR SAVINGS BANK RETIREMENT PLAN
| Measure | Date | Value |
|---|
| 2022: MAGYAR SAVINGS BANK RETIREMENT PLAN 2022 401k membership |
|---|
| Market value of plan assets | 2022-09-30 | 4,870,955 |
| Acturial value of plan assets | 2022-09-30 | 4,580,483 |
| Funding target for retired participants and beneficiaries receiving payment | 2022-09-30 | 2,268,144 |
| Number of terminated vested participants | 2022-09-30 | 20 |
| Fundng target for terminated vested participants | 2022-09-30 | 700,299 |
| Active participant vested funding target | 2022-09-30 | 546,450 |
| Number of active participants | 2022-09-30 | 15 |
| Total funding liabilities for active participants | 2022-09-30 | 589,692 |
| Total participant count | 2022-09-30 | 49 |
| Total funding target for all participants | 2022-09-30 | 3,558,135 |
| Balance at beginning of prior year after applicable adjustments | 2022-09-30 | 42,014 |
| Prefunding balance at beginning of prior year after applicable adjustments | 2022-09-30 | 0 |
| Amount remaining of carryover balance | 2022-09-30 | 42,014 |
| Amount remaining of prefunding balance | 2022-09-30 | 0 |
| Present value of excess contributions | 2022-09-30 | 0 |
| Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance | 2022-09-30 | 0 |
| Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance | 2022-09-30 | 0 |
| Reductions in caryover balances due to elections or deemed elections | 2022-09-30 | 0 |
| Reductions in prefunding balances due to elections or deemed elections | 2022-09-30 | 0 |
| Balance of carryovers at beginning of current year | 2022-09-30 | 49,564 |
| Balance of prefunding at beginning of current year | 2022-09-30 | 0 |
| Total employer contributions | 2022-09-30 | 0 |
| Total employee contributions | 2022-09-30 | 0 |
| Contributions allocated toward unpaid minimum require contributions from prior years | 2022-09-30 | 0 |
| Contributions made to avoid restrictions adjusted to valuation date | 2022-09-30 | 0 |
| Contributions allocated toward minimum required contributions for current year adjusted to valuation date | 2022-09-30 | 0 |
| Unpaid minimum required contributions for all prior years | 2022-09-30 | 0 |
| iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years | 2022-09-30 | 0 |
| Remaining amount of unpaid minimum required contributions | 2022-09-30 | 0 |
| Minimum required contributions for current year target normal cost | 2022-09-30 | 0 |
| Net shortfall amortization installment of oustanding balance | 2022-09-30 | 0 |
| Waiver amortization installment | 2022-09-30 | 0 |
| Total funding amount beforereflecting carryover/prefunding balances | 2022-09-30 | 0 |
| Carryover balance elected to use to offset funding requirement | 2022-09-30 | 0 |
| Prefunding balance elected to use to offset funding requirement | 2022-09-30 | 0 |
| Additional cash requirement | 2022-09-30 | 0 |
| Contributions allocatedtoward minimum required contributions for current year | 2022-09-30 | 0 |
| Unpaid minimum required contributions for current year | 2022-09-30 | 0 |
| Unpaid minimum required contributions for all years | 2022-09-30 | 0 |
| Total participants, beginning-of-year | 2022-01-01 | 120 |
| Total number of active participants reported on line 7a of the Form 5500 | 2022-01-01 | 90 |
| 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 | 27 |
| Total of all active and inactive participants | 2022-01-01 | 117 |
| Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2022-01-01 | 1 |
| Total participants | 2022-01-01 | 118 |
| Number of participants with account balances | 2022-01-01 | 115 |
| Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2022-01-01 | 13 |
| 2021: MAGYAR SAVINGS BANK RETIREMENT PLAN 2021 401k membership |
|---|
| Market value of plan assets | 2021-09-30 | 4,384,186 |
| Acturial value of plan assets | 2021-09-30 | 4,419,095 |
| Funding target for retired participants and beneficiaries receiving payment | 2021-09-30 | 2,256,845 |
| Number of terminated vested participants | 2021-09-30 | 20 |
| Fundng target for terminated vested participants | 2021-09-30 | 513,544 |
| Active participant vested funding target | 2021-09-30 | 726,015 |
| Number of active participants | 2021-09-30 | 17 |
| Total funding liabilities for active participants | 2021-09-30 | 764,823 |
| Total participant count | 2021-09-30 | 51 |
| Total funding target for all participants | 2021-09-30 | 3,535,212 |
| Balance at beginning of prior year after applicable adjustments | 2021-09-30 | 39,790 |
| Prefunding balance at beginning of prior year after applicable adjustments | 2021-09-30 | 0 |
| Amount remaining of carryover balance | 2021-09-30 | 39,790 |
| Amount remaining of prefunding balance | 2021-09-30 | 0 |
| Present value of excess contributions | 2021-09-30 | 787,625 |
| Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance | 2021-09-30 | 831,338 |
| Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance | 2021-09-30 | 0 |
| Reductions in caryover balances due to elections or deemed elections | 2021-09-30 | 0 |
| Reductions in prefunding balances due to elections or deemed elections | 2021-09-30 | 0 |
| Balance of carryovers at beginning of current year | 2021-09-30 | 42,014 |
| Balance of prefunding at beginning of current year | 2021-09-30 | 0 |
| Total employer contributions | 2021-09-30 | 0 |
| Total employee contributions | 2021-09-30 | 0 |
| Contributions allocated toward unpaid minimum require contributions from prior years | 2021-09-30 | 0 |
| Contributions made to avoid restrictions adjusted to valuation date | 2021-09-30 | 0 |
| Contributions allocated toward minimum required contributions for current year adjusted to valuation date | 2021-09-30 | 0 |
| Unpaid minimum required contributions for all prior years | 2021-09-30 | 0 |
| iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years | 2021-09-30 | 0 |
| Remaining amount of unpaid minimum required contributions | 2021-09-30 | 0 |
| Minimum required contributions for current year target normal cost | 2021-09-30 | 0 |
| Net shortfall amortization installment of oustanding balance | 2021-09-30 | 0 |
| Waiver amortization installment | 2021-09-30 | 0 |
| Total funding amount beforereflecting carryover/prefunding balances | 2021-09-30 | 0 |
| Additional cash requirement | 2021-09-30 | 0 |
| Contributions allocatedtoward minimum required contributions for current year | 2021-09-30 | 0 |
| Unpaid minimum required contributions for current year | 2021-09-30 | 0 |
| Unpaid minimum required contributions for all years | 2021-09-30 | 0 |
| Total participants, beginning-of-year | 2021-01-01 | 113 |
| Total number of active participants reported on line 7a of the Form 5500 | 2021-01-01 | 118 |
| 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 | 0 |
| Total of all active and inactive participants | 2021-01-01 | 118 |
| Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2021-01-01 | 0 |
| Total participants | 2021-01-01 | 118 |
| Number of participants with account balances | 2021-01-01 | 0 |
| Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2021-01-01 | 0 |
| 2020: MAGYAR SAVINGS BANK RETIREMENT PLAN 2020 401k membership |
|---|
| Market value of plan assets | 2020-09-30 | 3,581,410 |
| Acturial value of plan assets | 2020-09-30 | 3,637,976 |
| Funding target for retired participants and beneficiaries receiving payment | 2020-09-30 | 2,369,470 |
| Number of terminated vested participants | 2020-09-30 | 20 |
| Fundng target for terminated vested participants | 2020-09-30 | 497,616 |
| Active participant vested funding target | 2020-09-30 | 695,769 |
| Number of active participants | 2020-09-30 | 17 |
| Total funding liabilities for active participants | 2020-09-30 | 731,100 |
| Total participant count | 2020-09-30 | 51 |
| Total funding target for all participants | 2020-09-30 | 3,598,186 |
| Balance at beginning of prior year after applicable adjustments | 2020-09-30 | 47,193 |
| Prefunding balance at beginning of prior year after applicable adjustments | 2020-09-30 | 0 |
| Carryover balanced portion elected for use to offset prior years funding requirement | 2020-09-30 | 0 |
| Prefunding balanced used to offset prior years funding requirement | 2020-09-30 | 0 |
| Amount remaining of carryover balance | 2020-09-30 | 47,193 |
| Amount remaining of prefunding balance | 2020-09-30 | 0 |
| Present value of excess contributions | 2020-09-30 | 193,112 |
| Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance | 2020-09-30 | 204,216 |
| Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance | 2020-09-30 | 0 |
| Reductions in caryover balances due to elections or deemed elections | 2020-09-30 | 9,428 |
| Reductions in prefunding balances due to elections or deemed elections | 2020-09-30 | 0 |
| Balance of carryovers at beginning of current year | 2020-09-30 | 39,790 |
| Balance of prefunding at beginning of current year | 2020-09-30 | 0 |
| Total employer contributions | 2020-09-30 | 855,000 |
| Total employee contributions | 2020-09-30 | 0 |
| Contributions allocated toward unpaid minimum require contributions from prior years | 2020-09-30 | 0 |
| Contributions made to avoid restrictions adjusted to valuation date | 2020-09-30 | 0 |
| Contributions allocated toward minimum required contributions for current year adjusted to valuation date | 2020-09-30 | 787,625 |
| Unpaid minimum required contributions for all prior years | 2020-09-30 | 0 |
| iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years | 2020-09-30 | 0 |
| Remaining amount of unpaid minimum required contributions | 2020-09-30 | 0 |
| Minimum required contributions for current year target normal cost | 2020-09-30 | 0 |
| Net shortfall amortization installment of oustanding balance | 2020-09-30 | 0 |
| Waiver amortization installment | 2020-09-30 | 0 |
| Total funding amount beforereflecting carryover/prefunding balances | 2020-09-30 | 0 |
| Additional cash requirement | 2020-09-30 | 0 |
| Contributions allocatedtoward minimum required contributions for current year | 2020-09-30 | 787,625 |
| Unpaid minimum required contributions for current year | 2020-09-30 | 0 |
| Unpaid minimum required contributions for all years | 2020-09-30 | 0 |
| Total participants, beginning-of-year | 2020-01-01 | 122 |
| Total number of active participants reported on line 7a of the Form 5500 | 2020-01-01 | 108 |
| Number of retired or separated participants receiving benefits | 2020-01-01 | 0 |
| Number of other retired or separated participants entitled to future benefits | 2020-01-01 | 18 |
| Total of all active and inactive participants | 2020-01-01 | 126 |
| Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2020-01-01 | 2 |
| Total participants | 2020-01-01 | 128 |
| Number of participants with account balances | 2020-01-01 | 114 |
| Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2020-01-01 | 3 |
| 2019: MAGYAR SAVINGS BANK RETIREMENT PLAN 2019 401k membership |
|---|
| Market value of plan assets | 2019-09-30 | 3,453,294 |
| Acturial value of plan assets | 2019-09-30 | 3,429,158 |
| Funding target for retired participants and beneficiaries receiving payment | 2019-09-30 | 2,247,806 |
| Number of terminated vested participants | 2019-09-30 | 21 |
| Fundng target for terminated vested participants | 2019-09-30 | 612,221 |
| Active participant vested funding target | 2019-09-30 | 636,027 |
| Number of active participants | 2019-09-30 | 17 |
| Total funding liabilities for active participants | 2019-09-30 | 667,345 |
| Total participant count | 2019-09-30 | 51 |
| Total funding target for all participants | 2019-09-30 | 3,527,372 |
| Balance at beginning of prior year after applicable adjustments | 2019-09-30 | 44,745 |
| Prefunding balance at beginning of prior year after applicable adjustments | 2019-09-30 | 0 |
| Carryover balanced portion elected for use to offset prior years funding requirement | 2019-09-30 | 0 |
| Prefunding balanced used to offset prior years funding requirement | 2019-09-30 | 0 |
| Amount remaining of carryover balance | 2019-09-30 | 44,745 |
| Amount remaining of prefunding balance | 2019-09-30 | 0 |
| Present value of excess contributions | 2019-09-30 | 125,554 |
| Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance | 2019-09-30 | 133,012 |
| Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance | 2019-09-30 | 0 |
| Reductions in caryover balances due to elections or deemed elections | 2019-09-30 | 0 |
| Reductions in prefunding balances due to elections or deemed elections | 2019-09-30 | 0 |
| Balance of carryovers at beginning of current year | 2019-09-30 | 47,193 |
| Balance of prefunding at beginning of current year | 2019-09-30 | 0 |
| Total employer contributions | 2019-09-30 | 200,000 |
| Total employee contributions | 2019-09-30 | 0 |
| Contributions allocated toward unpaid minimum require contributions from prior years | 2019-09-30 | 0 |
| Contributions made to avoid restrictions adjusted to valuation date | 2019-09-30 | 0 |
| Contributions allocated toward minimum required contributions for current year adjusted to valuation date | 2019-09-30 | 193,112 |
| Unpaid minimum required contributions for all prior years | 2019-09-30 | 0 |
| iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years | 2019-09-30 | 0 |
| Remaining amount of unpaid minimum required contributions | 2019-09-30 | 0 |
| Minimum required contributions for current year target normal cost | 2019-09-30 | 0 |
| Net shortfall amortization installment of oustanding balance | 2019-09-30 | 145,407 |
| Waiver amortization installment | 2019-09-30 | 0 |
| Total funding amount beforereflecting carryover/prefunding balances | 2019-09-30 | 0 |
| Carryover balance elected to use to offset funding requirement | 2019-09-30 | 0 |
| Prefunding balance elected to use to offset funding requirement | 2019-09-30 | 0 |
| Additional cash requirement | 2019-09-30 | 0 |
| Contributions allocatedtoward minimum required contributions for current year | 2019-09-30 | 193,112 |
| Unpaid minimum required contributions for current year | 2019-09-30 | 0 |
| Unpaid minimum required contributions for all years | 2019-09-30 | 0 |
| Total participants, beginning-of-year | 2019-01-01 | 120 |
| Total number of active participants reported on line 7a of the Form 5500 | 2019-01-01 | 104 |
| 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 | 16 |
| Total of all active and inactive participants | 2019-01-01 | 121 |
| Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2019-01-01 | 1 |
| Total participants | 2019-01-01 | 122 |
| Number of participants with account balances | 2019-01-01 | 108 |
| Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2019-01-01 | 10 |
| 2018: MAGYAR SAVINGS BANK RETIREMENT PLAN 2018 401k membership |
|---|
| Market value of plan assets | 2018-09-30 | 3,286,880 |
| Acturial value of plan assets | 2018-09-30 | 3,166,629 |
| Funding target for retired participants and beneficiaries receiving payment | 2018-09-30 | 2,183,909 |
| Number of terminated vested participants | 2018-09-30 | 21 |
| Fundng target for terminated vested participants | 2018-09-30 | 531,481 |
| Active participant vested funding target | 2018-09-30 | 543,917 |
| Number of active participants | 2018-09-30 | 17 |
| Total funding liabilities for active participants | 2018-09-30 | 580,550 |
| Total participant count | 2018-09-30 | 51 |
| Total funding target for all participants | 2018-09-30 | 3,295,940 |
| Balance at beginning of prior year after applicable adjustments | 2018-09-30 | 40,177 |
| Prefunding balance at beginning of prior year after applicable adjustments | 2018-09-30 | 0 |
| Carryover balanced portion elected for use to offset prior years funding requirement | 2018-09-30 | 0 |
| Prefunding balanced used to offset prior years funding requirement | 2018-09-30 | 0 |
| Amount remaining of carryover balance | 2018-09-30 | 40,177 |
| Amount remaining of prefunding balance | 2018-09-30 | 0 |
| Present value of excess contributions | 2018-09-30 | 71,708 |
| Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance | 2018-09-30 | 76,104 |
| Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance | 2018-09-30 | 0 |
| Reductions in caryover balances due to elections or deemed elections | 2018-09-30 | 0 |
| Reductions in prefunding balances due to elections or deemed elections | 2018-09-30 | 0 |
| Balance of carryovers at beginning of current year | 2018-09-30 | 44,745 |
| Balance of prefunding at beginning of current year | 2018-09-30 | 0 |
| Total employer contributions | 2018-09-30 | 200,000 |
| Total employee contributions | 2018-09-30 | 0 |
| Contributions allocated toward unpaid minimum require contributions from prior years | 2018-09-30 | 0 |
| Contributions made to avoid restrictions adjusted to valuation date | 2018-09-30 | 0 |
| Contributions allocated toward minimum required contributions for current year adjusted to valuation date | 2018-09-30 | 192,853 |
| Unpaid minimum required contributions for all prior years | 2018-09-30 | 0 |
| iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years | 2018-09-30 | 0 |
| Remaining amount of unpaid minimum required contributions | 2018-09-30 | 0 |
| Minimum required contributions for current year target normal cost | 2018-09-30 | 0 |
| Net shortfall amortization installment of oustanding balance | 2018-09-30 | 174,056 |
| Waiver amortization installment | 2018-09-30 | 0 |
| Total funding amount beforereflecting carryover/prefunding balances | 2018-09-30 | 67,299 |
| Carryover balance elected to use to offset funding requirement | 2018-09-30 | 0 |
| Prefunding balance elected to use to offset funding requirement | 2018-09-30 | 0 |
| Additional cash requirement | 2018-09-30 | 67,299 |
| Contributions allocatedtoward minimum required contributions for current year | 2018-09-30 | 192,853 |
| Unpaid minimum required contributions for current year | 2018-09-30 | 0 |
| Unpaid minimum required contributions for all years | 2018-09-30 | 0 |
| Total participants, beginning-of-year | 2018-01-01 | 117 |
| Total number of active participants reported on line 7a of the Form 5500 | 2018-01-01 | 105 |
| Number of retired or separated participants receiving benefits | 2018-01-01 | 1 |
| 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 | 119 |
| Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2018-01-01 | 1 |
| Total participants | 2018-01-01 | 120 |
| Number of participants with account balances | 2018-01-01 | 108 |
| Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2018-01-01 | 6 |
| 2017: MAGYAR SAVINGS BANK RETIREMENT PLAN 2017 401k membership |
|---|
| Market value of plan assets | 2017-09-30 | 3,000,344 |
| Acturial value of plan assets | 2017-09-30 | 3,031,945 |
| Funding target for retired participants and beneficiaries receiving payment | 2017-09-30 | 2,202,695 |
| Number of terminated vested participants | 2017-09-30 | 21 |
| Fundng target for terminated vested participants | 2017-09-30 | 481,303 |
| Active participant vested funding target | 2017-09-30 | 501,874 |
| Number of active participants | 2017-09-30 | 17 |
| Total funding liabilities for active participants | 2017-09-30 | 535,076 |
| Total participant count | 2017-09-30 | 52 |
| Total funding target for all participants | 2017-09-30 | 3,219,074 |
| Balance at beginning of prior year after applicable adjustments | 2017-09-30 | 36,561 |
| Prefunding balance at beginning of prior year after applicable adjustments | 2017-09-30 | 0 |
| Carryover balanced portion elected for use to offset prior years funding requirement | 2017-09-30 | 0 |
| Prefunding balanced used to offset prior years funding requirement | 2017-09-30 | 0 |
| Amount remaining of carryover balance | 2017-09-30 | 36,561 |
| Amount remaining of prefunding balance | 2017-09-30 | 0 |
| Present value of excess contributions | 2017-09-30 | 60,997 |
| Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance | 2017-09-30 | 64,852 |
| Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance | 2017-09-30 | 0 |
| Reductions in caryover balances due to elections or deemed elections | 2017-09-30 | 0 |
| Reductions in prefunding balances due to elections or deemed elections | 2017-09-30 | 0 |
| Balance of carryovers at beginning of current year | 2017-09-30 | 40,177 |
| Balance of prefunding at beginning of current year | 2017-09-30 | 0 |
| Total employer contributions | 2017-09-30 | 163,604 |
| Total employee contributions | 2017-09-30 | 0 |
| Contributions allocated toward unpaid minimum require contributions from prior years | 2017-09-30 | 0 |
| Contributions made to avoid restrictions adjusted to valuation date | 2017-09-30 | 0 |
| Contributions allocated toward minimum required contributions for current year adjusted to valuation date | 2017-09-30 | 156,438 |
| Unpaid minimum required contributions for all prior years | 2017-09-30 | 0 |
| iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years | 2017-09-30 | 0 |
| Remaining amount of unpaid minimum required contributions | 2017-09-30 | 0 |
| Minimum required contributions for current year target normal cost | 2017-09-30 | 0 |
| Net shortfall amortization installment of oustanding balance | 2017-09-30 | 227,306 |
| Waiver amortization installment | 2017-09-30 | 0 |
| Waived amount of outstanding balance | 2017-09-30 | 0 |
| Total funding amount beforereflecting carryover/prefunding balances | 2017-09-30 | 84,730 |
| Carryover balance elected to use to offset funding requirement | 2017-09-30 | 0 |
| Prefunding balance elected to use to offset funding requirement | 2017-09-30 | 0 |
| Additional cash requirement | 2017-09-30 | 84,730 |
| Contributions allocatedtoward minimum required contributions for current year | 2017-09-30 | 156,438 |
| Unpaid minimum required contributions for current year | 2017-09-30 | 0 |
| Unpaid minimum required contributions for all years | 2017-09-30 | 0 |
| Total participants, beginning-of-year | 2017-01-01 | 116 |
| Number of retired or separated participants receiving benefits | 2017-01-01 | 1 |
| Number of other retired or separated participants entitled to future benefits | 2017-01-01 | 13 |
| Total of all active and inactive participants | 2017-01-01 | 14 |
| Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2017-01-01 | 1 |
| Total participants | 2017-01-01 | 15 |
| Number of participants with account balances | 2017-01-01 | 103 |
| Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2017-01-01 | 9 |
| Total number of active participants reported on line 7a of the Form 5500 | 2017-01-01 | 101 |
| 2016: MAGYAR SAVINGS BANK RETIREMENT PLAN 2016 401k membership |
|---|
| Total participants, beginning-of-year | 2016-01-01 | 110 |
| Total number of active participants reported on line 7a of the Form 5500 | 2016-01-01 | 96 |
| Number of retired or separated participants receiving benefits | 2016-01-01 | 1 |
| Number of other retired or separated participants entitled to future benefits | 2016-01-01 | 18 |
| Total of all active and inactive participants | 2016-01-01 | 115 |
| Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2016-01-01 | 1 |
| Total participants | 2016-01-01 | 116 |
| Number of participants with account balances | 2016-01-01 | 104 |
| Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2016-01-01 | 13 |
| 2015: MAGYAR SAVINGS BANK RETIREMENT PLAN 2015 401k membership |
|---|
| Total participants, beginning-of-year | 2015-10-01 | 52 |
| Total number of active participants reported on line 7a of the Form 5500 | 2015-10-01 | 17 |
| Number of retired or separated participants receiving benefits | 2015-10-01 | 14 |
| Number of other retired or separated participants entitled to future benefits | 2015-10-01 | 21 |
| Total of all active and inactive participants | 2015-10-01 | 52 |
| Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2015-10-01 | 0 |
| Total participants | 2015-10-01 | 52 |
| Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2015-10-01 | 0 |
| Total participants, beginning-of-year | 2015-01-01 | 114 |
| Total number of active participants reported on line 7a of the Form 5500 | 2015-01-01 | 92 |
| Number of retired or separated participants receiving benefits | 2015-01-01 | 1 |
| Number of other retired or separated participants entitled to future benefits | 2015-01-01 | 16 |
| Total of all active and inactive participants | 2015-01-01 | 109 |
| Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2015-01-01 | 1 |
| Total participants | 2015-01-01 | 110 |
| Number of participants with account balances | 2015-01-01 | 98 |
| Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2015-01-01 | 7 |
| 2014: MAGYAR SAVINGS BANK RETIREMENT PLAN 2014 401k membership |
|---|
| Total participants, beginning-of-year | 2014-10-01 | 52 |
| Total number of active participants reported on line 7a of the Form 5500 | 2014-10-01 | 17 |
| Number of retired or separated participants receiving benefits | 2014-10-01 | 13 |
| Number of other retired or separated participants entitled to future benefits | 2014-10-01 | 22 |
| Total of all active and inactive participants | 2014-10-01 | 52 |
| Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2014-10-01 | 0 |
| Total participants | 2014-10-01 | 52 |
| Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2014-10-01 | 0 |
| Total participants, beginning-of-year | 2014-01-01 | 115 |
| Total number of active participants reported on line 7a of the Form 5500 | 2014-01-01 | 97 |
| Number of retired or separated participants receiving benefits | 2014-01-01 | 1 |
| Number of other retired or separated participants entitled to future benefits | 2014-01-01 | 15 |
| Total of all active and inactive participants | 2014-01-01 | 113 |
| Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2014-01-01 | 1 |
| Total participants | 2014-01-01 | 114 |
| Number of participants with account balances | 2014-01-01 | 101 |
| Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2014-01-01 | 6 |
| 2013: MAGYAR SAVINGS BANK RETIREMENT PLAN 2013 401k membership |
|---|
| Total participants, beginning-of-year | 2013-10-01 | 52 |
| Total number of active participants reported on line 7a of the Form 5500 | 2013-10-01 | 18 |
| Number of retired or separated participants receiving benefits | 2013-10-01 | 13 |
| Number of other retired or separated participants entitled to future benefits | 2013-10-01 | 21 |
| Total of all active and inactive participants | 2013-10-01 | 52 |
| Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2013-10-01 | 0 |
| Total participants | 2013-10-01 | 52 |
| Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2013-10-01 | 0 |
| Total participants, beginning-of-year | 2013-01-01 | 112 |
| Total number of active participants reported on line 7a of the Form 5500 | 2013-01-01 | 95 |
| Number of retired or separated participants receiving benefits | 2013-01-01 | 2 |
| Number of other retired or separated participants entitled to future benefits | 2013-01-01 | 17 |
| Total of all active and inactive participants | 2013-01-01 | 114 |
| Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2013-01-01 | 1 |
| Total participants | 2013-01-01 | 115 |
| Number of participants with account balances | 2013-01-01 | 102 |
| Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2013-01-01 | 7 |
| 2012: MAGYAR SAVINGS BANK RETIREMENT PLAN 2012 401k membership |
|---|
| Total participants, beginning-of-year | 2012-10-01 | 52 |
| Total number of active participants reported on line 7a of the Form 5500 | 2012-10-01 | 18 |
| Number of retired or separated participants receiving benefits | 2012-10-01 | 10 |
| Number of other retired or separated participants entitled to future benefits | 2012-10-01 | 22 |
| Total of all active and inactive participants | 2012-10-01 | 50 |
| Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2012-10-01 | 2 |
| Total participants | 2012-10-01 | 52 |
| Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2012-10-01 | 0 |
| Total participants, beginning-of-year | 2012-01-01 | 115 |
| Total number of active participants reported on line 7a of the Form 5500 | 2012-01-01 | 89 |
| Number of retired or separated participants receiving benefits | 2012-01-01 | 1 |
| Number of other retired or separated participants entitled to future benefits | 2012-01-01 | 19 |
| Total of all active and inactive participants | 2012-01-01 | 109 |
| Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2012-01-01 | 1 |
| Total participants | 2012-01-01 | 110 |
| Number of participants with account balances | 2012-01-01 | 96 |
| Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2012-01-01 | 9 |
| 2011: MAGYAR SAVINGS BANK RETIREMENT PLAN 2011 401k membership |
|---|
| Total participants, beginning-of-year | 2011-10-01 | 52 |
| Total number of active participants reported on line 7a of the Form 5500 | 2011-10-01 | 20 |
| Number of retired or separated participants receiving benefits | 2011-10-01 | 9 |
| Number of other retired or separated participants entitled to future benefits | 2011-10-01 | 21 |
| Total of all active and inactive participants | 2011-10-01 | 50 |
| Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2011-10-01 | 2 |
| Total participants | 2011-10-01 | 52 |
| Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2011-10-01 | 0 |
| Total participants, beginning-of-year | 2011-01-01 | 121 |
| Total number of active participants reported on line 7a of the Form 5500 | 2011-01-01 | 95 |
| Number of retired or separated participants receiving benefits | 2011-01-01 | 1 |
| Number of other retired or separated participants entitled to future benefits | 2011-01-01 | 18 |
| Total of all active and inactive participants | 2011-01-01 | 114 |
| Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2011-01-01 | 1 |
| Total participants | 2011-01-01 | 115 |
| Number of participants with account balances | 2011-01-01 | 99 |
| Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2011-01-01 | 5 |
| 2010: MAGYAR SAVINGS BANK RETIREMENT PLAN 2010 401k membership |
|---|
| Total participants, beginning-of-year | 2010-10-01 | 53 |
| Total number of active participants reported on line 7a of the Form 5500 | 2010-10-01 | 25 |
| Number of retired or separated participants receiving benefits | 2010-10-01 | 9 |
| Number of other retired or separated participants entitled to future benefits | 2010-10-01 | 16 |
| Total of all active and inactive participants | 2010-10-01 | 50 |
| Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2010-10-01 | 2 |
| Total participants | 2010-10-01 | 52 |
| Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2010-10-01 | 0 |
| 2009: MAGYAR SAVINGS BANK RETIREMENT PLAN 2009 401k membership |
|---|
| Total participants, beginning-of-year | 2009-10-01 | 54 |
| Total number of active participants reported on line 7a of the Form 5500 | 2009-10-01 | 26 |
| Number of retired or separated participants receiving benefits | 2009-10-01 | 7 |
| Number of other retired or separated participants entitled to future benefits | 2009-10-01 | 18 |
| Total of all active and inactive participants | 2009-10-01 | 51 |
| Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2009-10-01 | 2 |
| Total participants | 2009-10-01 | 53 |
| Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2009-10-01 | 0 |
| Total participants, beginning-of-year | 2009-01-01 | 124 |
| Total number of active participants reported on line 7a of the Form 5500 | 2009-01-01 | 100 |
| Number of retired or separated participants receiving benefits | 2009-01-01 | 0 |
| Number of other retired or separated participants entitled to future benefits | 2009-01-01 | 21 |
| Total of all active and inactive participants | 2009-01-01 | 121 |
| Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2009-01-01 | 0 |
| Total participants | 2009-01-01 | 121 |
| Number of participants with account balances | 2009-01-01 | 110 |
| Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2009-01-01 | 10 |
| Measure | Date | Value |
|---|
| 2022 : MAGYAR SAVINGS BANK RETIREMENT PLAN 2022 401k financial data |
|---|
| Unrealized appreciation/depreciation of other (non real estate) assets | 2022-12-31 | $67,754 |
| Total unrealized appreciation/depreciation of assets | 2022-12-31 | $67,754 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2022-12-31 | $0 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2022-12-31 | $0 |
| Total income from all sources (including contributions) | 2022-12-31 | $-680,376 |
| Total loss/gain on sale of assets | 2022-12-31 | $-198 |
| Total of all expenses incurred | 2022-12-31 | $545,953 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2022-12-31 | $489,832 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2022-12-31 | $925,248 |
| Value of total assets at end of year | 2022-12-31 | $10,419,200 |
| Value of total assets at beginning of year | 2022-12-31 | $11,645,529 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2022-12-31 | $56,121 |
| Total interest from all sources | 2022-12-31 | $24,167 |
| Total dividends received (eg from common stock, registered investment company shares) | 2022-12-31 | $144,239 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2022-12-31 | No |
| Total dividends received from registered investment company shares (eg mutual funds) | 2022-12-31 | $119,553 |
| Was this plan covered by a fidelity bond | 2022-12-31 | Yes |
| Value of fidelity bond cover | 2022-12-31 | $5,000,000 |
| If this is an individual account plan, was there a blackout period | 2022-12-31 | No |
| Were there any nonexempt tranactions with any party-in-interest | 2022-12-31 | No |
| Contributions received from participants | 2022-12-31 | $623,376 |
| Participant contributions at end of year | 2022-12-31 | $98,100 |
| Participant contributions at beginning of year | 2022-12-31 | $93,642 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2022-12-31 | $54,123 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2022-12-31 | No |
| Value of net income/loss | 2022-12-31 | $-1,226,329 |
| Value of net assets at end of year (total assets less liabilities) | 2022-12-31 | $10,419,200 |
| Value of net assets at beginning of year (total assets less liabilities) | 2022-12-31 | $11,645,529 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2022-12-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2022-12-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2022-12-31 | No |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2022-12-31 | $6,745,063 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2022-12-31 | $7,970,072 |
| Value of interest in pooled separate accounts at end of year | 2022-12-31 | $888,392 |
| Value of interest in pooled separate accounts at beginning of year | 2022-12-31 | $1,127,948 |
| Interest on participant loans | 2022-12-31 | $4,862 |
| Interest earned on other investments | 2022-12-31 | $19,305 |
| Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2022-12-31 | $1,072,070 |
| Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2022-12-31 | $989,910 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2022-12-31 | $-1,660,406 |
| Net investment gain/loss from pooled separate accounts | 2022-12-31 | $-181,180 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2022-12-31 | No |
| Was there a failure to transmit to the plan any participant contributions | 2022-12-31 | No |
| Has the plan failed to provide any benefit when due under the plan | 2022-12-31 | No |
| Assets. Invements in employer securities at end of year | 2022-12-31 | $1,615,575 |
| Assets. Invements in employer securities at beginning of year | 2022-12-31 | $1,463,957 |
| Contributions received in cash from employer | 2022-12-31 | $247,749 |
| Income. Dividends from common stock | 2022-12-31 | $24,686 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2022-12-31 | $489,832 |
| Contract administrator fees | 2022-12-31 | $56,121 |
| Did the plan have assets held for investment | 2022-12-31 | Yes |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2022-12-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2022-12-31 | No |
| Aggregate proceeds on sale of assets | 2022-12-31 | $10,149 |
| Aggregate carrying amount (costs) on sale of assets | 2022-12-31 | $10,347 |
| Opinion of an independent qualified public accountant for this plan | 2022-12-31 | Unqualified |
| Accountancy firm name | 2022-12-31 | CARON & BLETZER, PLLC |
| Accountancy firm EIN | 2022-12-31 | 043499945 |
| 2021 : MAGYAR SAVINGS BANK RETIREMENT PLAN 2021 401k financial data |
|---|
| Unrealized appreciation/depreciation of other (non real estate) assets | 2021-12-31 | $-596,700 |
| Total unrealized appreciation/depreciation of assets | 2021-12-31 | $-596,700 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2021-12-31 | $0 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2021-12-31 | $0 |
| Total income from all sources (including contributions) | 2021-12-31 | $2,742,405 |
| Total loss/gain on sale of assets | 2021-12-31 | $806,134 |
| Total of all expenses incurred | 2021-12-31 | $1,030,665 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2021-12-31 | $964,920 |
| Value of total corrective distributions | 2021-12-31 | $657 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2021-12-31 | $958,584 |
| Value of total assets at end of year | 2021-12-31 | $11,645,529 |
| Value of total assets at beginning of year | 2021-12-31 | $9,933,789 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2021-12-31 | $65,088 |
| Total interest from all sources | 2021-12-31 | $22,169 |
| Total dividends received (eg from common stock, registered investment company shares) | 2021-12-31 | $129,173 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2021-12-31 | No |
| Total dividends received from registered investment company shares (eg mutual funds) | 2021-12-31 | $115,026 |
| Was this plan covered by a fidelity bond | 2021-12-31 | Yes |
| Value of fidelity bond cover | 2021-12-31 | $5,000,000 |
| If this is an individual account plan, was there a blackout period | 2021-12-31 | Yes |
| Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2021-12-31 | $0 |
| Were there any nonexempt tranactions with any party-in-interest | 2021-12-31 | No |
| Contributions received from participants | 2021-12-31 | $603,820 |
| Participant contributions at end of year | 2021-12-31 | $93,642 |
| Participant contributions at beginning of year | 2021-12-31 | $109,257 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2021-12-31 | $113,028 |
| Other income not declared elsewhere | 2021-12-31 | $174,492 |
| Administrative expenses (other) incurred | 2021-12-31 | $21,982 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2021-12-31 | No |
| Value of net income/loss | 2021-12-31 | $1,711,740 |
| Value of net assets at end of year (total assets less liabilities) | 2021-12-31 | $11,645,529 |
| Value of net assets at beginning of year (total assets less liabilities) | 2021-12-31 | $9,933,789 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2021-12-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2021-12-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2021-12-31 | No |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2021-12-31 | $7,970,072 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2021-12-31 | $8,393,168 |
| Value of interest in pooled separate accounts at end of year | 2021-12-31 | $1,127,948 |
| Interest on participant loans | 2021-12-31 | $5,827 |
| Interest earned on other investments | 2021-12-31 | $16,342 |
| Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2021-12-31 | $9,789 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2021-12-31 | $9,789 |
| Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2021-12-31 | $989,910 |
| Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2021-12-31 | $980,949 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2021-12-31 | $1,100,605 |
| Net investment gain/loss from pooled separate accounts | 2021-12-31 | $147,948 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2021-12-31 | No |
| Was there a failure to transmit to the plan any participant contributions | 2021-12-31 | No |
| Has the plan failed to provide any benefit when due under the plan | 2021-12-31 | No |
| Assets. Invements in employer securities at end of year | 2021-12-31 | $1,463,957 |
| Assets. Invements in employer securities at beginning of year | 2021-12-31 | $440,626 |
| Contributions received in cash from employer | 2021-12-31 | $241,736 |
| Income. Dividends from common stock | 2021-12-31 | $14,147 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2021-12-31 | $964,920 |
| Contract administrator fees | 2021-12-31 | $43,106 |
| Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-3 | 2021-12-31 | Yes |
| Did the plan have assets held for investment | 2021-12-31 | Yes |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2021-12-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2021-12-31 | No |
| Aggregate proceeds on sale of assets | 2021-12-31 | $806,134 |
| Opinion of an independent qualified public accountant for this plan | 2021-12-31 | Unqualified |
| Accountancy firm name | 2021-12-31 | CLIFTONLARSONALLEN LLP |
| Accountancy firm EIN | 2021-12-31 | 410746749 |
| 2020 : MAGYAR SAVINGS BANK RETIREMENT PLAN 2020 401k financial data |
|---|
| Total income from all sources (including contributions) | 2020-12-31 | $2,033,516 |
| Total of all expenses incurred | 2020-12-31 | $742,378 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2020-12-31 | $709,963 |
| Expenses. Certain deemed distributions of participant loans | 2020-12-31 | $5,380 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2020-12-31 | $762,936 |
| Value of total assets at end of year | 2020-12-31 | $9,933,789 |
| Value of total assets at beginning of year | 2020-12-31 | $8,642,651 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2020-12-31 | $27,035 |
| Total interest from all sources | 2020-12-31 | $20,691 |
| Total dividends received (eg from common stock, registered investment company shares) | 2020-12-31 | $112,508 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2020-12-31 | No |
| Total dividends received from registered investment company shares (eg mutual funds) | 2020-12-31 | $112,508 |
| Was this plan covered by a fidelity bond | 2020-12-31 | Yes |
| Value of fidelity bond cover | 2020-12-31 | $4,000,000 |
| If this is an individual account plan, was there a blackout period | 2020-12-31 | No |
| Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2020-12-31 | $0 |
| Were there any nonexempt tranactions with any party-in-interest | 2020-12-31 | No |
| Contributions received from participants | 2020-12-31 | $588,692 |
| Participant contributions at end of year | 2020-12-31 | $109,257 |
| Participant contributions at beginning of year | 2020-12-31 | $150,807 |
| Other income not declared elsewhere | 2020-12-31 | $-137,624 |
| Administrative expenses (other) incurred | 2020-12-31 | $27,035 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2020-12-31 | No |
| Value of net income/loss | 2020-12-31 | $1,291,138 |
| Value of net assets at end of year (total assets less liabilities) | 2020-12-31 | $9,933,789 |
| Value of net assets at beginning of year (total assets less liabilities) | 2020-12-31 | $8,642,651 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2020-12-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2020-12-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2020-12-31 | No |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2020-12-31 | $8,393,168 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2020-12-31 | $7,075,250 |
| Interest on participant loans | 2020-12-31 | $7,217 |
| Interest earned on other investments | 2020-12-31 | $13,465 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2020-12-31 | $9,789 |
| Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2020-12-31 | $8,970 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2020-12-31 | $8,970 |
| Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2020-12-31 | $9 |
| Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2020-12-31 | $980,949 |
| Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2020-12-31 | $781,064 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2020-12-31 | $1,275,005 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2020-12-31 | No |
| Was there a failure to transmit to the plan any participant contributions | 2020-12-31 | No |
| Has the plan failed to provide any benefit when due under the plan | 2020-12-31 | No |
| Assets. Invements in employer securities at end of year | 2020-12-31 | $440,626 |
| Assets. Invements in employer securities at beginning of year | 2020-12-31 | $626,560 |
| Contributions received in cash from employer | 2020-12-31 | $174,244 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2020-12-31 | $709,963 |
| Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-3 | 2020-12-31 | No |
| Did the plan have assets held for investment | 2020-12-31 | Yes |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2020-12-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2020-12-31 | No |
| Opinion of an independent qualified public accountant for this plan | 2020-12-31 | Unqualified |
| Accountancy firm name | 2020-12-31 | CLIFTONLARSONALLEN LLP |
| Accountancy firm EIN | 2020-12-31 | 410746749 |
| 2019 : MAGYAR SAVINGS BANK RETIREMENT PLAN 2019 401k financial data |
|---|
| Total income from all sources (including contributions) | 2019-12-31 | $2,076,644 |
| Total of all expenses incurred | 2019-12-31 | $231,668 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2019-12-31 | $202,325 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2019-12-31 | $667,494 |
| Value of total assets at end of year | 2019-12-31 | $8,642,651 |
| Value of total assets at beginning of year | 2019-12-31 | $6,797,675 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2019-12-31 | $29,343 |
| Total interest from all sources | 2019-12-31 | $20,338 |
| Total dividends received (eg from common stock, registered investment company shares) | 2019-12-31 | $115,026 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2019-12-31 | No |
| Total dividends received from registered investment company shares (eg mutual funds) | 2019-12-31 | $115,026 |
| Was this plan covered by a fidelity bond | 2019-12-31 | Yes |
| Value of fidelity bond cover | 2019-12-31 | $4,000,000 |
| If this is an individual account plan, was there a blackout period | 2019-12-31 | No |
| Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2019-12-31 | $0 |
| Were there any nonexempt tranactions with any party-in-interest | 2019-12-31 | No |
| Contributions received from participants | 2019-12-31 | $504,739 |
| Participant contributions at end of year | 2019-12-31 | $150,807 |
| Participant contributions at beginning of year | 2019-12-31 | $159,230 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2019-12-31 | $800 |
| Other income not declared elsewhere | 2019-12-31 | $-314 |
| Administrative expenses (other) incurred | 2019-12-31 | $29,343 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2019-12-31 | No |
| Value of net income/loss | 2019-12-31 | $1,844,976 |
| Value of net assets at end of year (total assets less liabilities) | 2019-12-31 | $8,642,651 |
| Value of net assets at beginning of year (total assets less liabilities) | 2019-12-31 | $6,797,675 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2019-12-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2019-12-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2019-12-31 | No |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2019-12-31 | $7,075,250 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2019-12-31 | $5,332,706 |
| Interest on participant loans | 2019-12-31 | $8,511 |
| Interest earned on other investments | 2019-12-31 | $11,788 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2019-12-31 | $8,970 |
| Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2019-12-31 | $386 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2019-12-31 | $386 |
| Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2019-12-31 | $39 |
| Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2019-12-31 | $781,064 |
| Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2019-12-31 | $683,255 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2019-12-31 | $1,274,100 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2019-12-31 | No |
| Was there a failure to transmit to the plan any participant contributions | 2019-12-31 | No |
| Has the plan failed to provide any benefit when due under the plan | 2019-12-31 | No |
| Assets. Invements in employer securities at end of year | 2019-12-31 | $626,560 |
| Assets. Invements in employer securities at beginning of year | 2019-12-31 | $622,098 |
| Contributions received in cash from employer | 2019-12-31 | $161,955 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2019-12-31 | $202,325 |
| Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-3 | 2019-12-31 | No |
| Did the plan have assets held for investment | 2019-12-31 | Yes |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2019-12-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2019-12-31 | No |
| Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2019-12-31 | No |
| Opinion of an independent qualified public accountant for this plan | 2019-12-31 | Unqualified |
| Accountancy firm name | 2019-12-31 | CLIFTONLARSONALLEN LLP |
| Accountancy firm EIN | 2019-12-31 | 410746749 |
| 2018 : MAGYAR SAVINGS BANK RETIREMENT PLAN 2018 401k financial data |
|---|
| Total income from all sources (including contributions) | 2018-12-31 | $350,502 |
| Total of all expenses incurred | 2018-12-31 | $559,381 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2018-12-31 | $532,938 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2018-12-31 | $793,822 |
| Value of total assets at end of year | 2018-12-31 | $6,797,675 |
| Value of total assets at beginning of year | 2018-12-31 | $7,006,554 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2018-12-31 | $26,443 |
| Total interest from all sources | 2018-12-31 | $16,122 |
| Total dividends received (eg from common stock, registered investment company shares) | 2018-12-31 | $100,590 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2018-12-31 | No |
| Total dividends received from registered investment company shares (eg mutual funds) | 2018-12-31 | $100,590 |
| Was this plan covered by a fidelity bond | 2018-12-31 | Yes |
| Value of fidelity bond cover | 2018-12-31 | $4,000,000 |
| If this is an individual account plan, was there a blackout period | 2018-12-31 | No |
| Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2018-12-31 | $0 |
| Were there any nonexempt tranactions with any party-in-interest | 2018-12-31 | No |
| Contributions received from participants | 2018-12-31 | $513,312 |
| Participant contributions at end of year | 2018-12-31 | $159,230 |
| Participant contributions at beginning of year | 2018-12-31 | $146,894 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2018-12-31 | $118,593 |
| Other income not declared elsewhere | 2018-12-31 | $-39,094 |
| Administrative expenses (other) incurred | 2018-12-31 | $26,443 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2018-12-31 | No |
| Value of net income/loss | 2018-12-31 | $-208,879 |
| Value of net assets at end of year (total assets less liabilities) | 2018-12-31 | $6,797,675 |
| Value of net assets at beginning of year (total assets less liabilities) | 2018-12-31 | $7,006,554 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2018-12-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2018-12-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2018-12-31 | No |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2018-12-31 | $5,332,706 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2018-12-31 | $5,588,354 |
| Interest on participant loans | 2018-12-31 | $7,836 |
| Interest earned on other investments | 2018-12-31 | $8,282 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2018-12-31 | $386 |
| Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2018-12-31 | $1,968 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2018-12-31 | $1,968 |
| Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2018-12-31 | $4 |
| Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2018-12-31 | $683,255 |
| Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2018-12-31 | $577,660 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2018-12-31 | $-520,938 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2018-12-31 | No |
| Was there a failure to transmit to the plan any participant contributions | 2018-12-31 | No |
| Has the plan failed to provide any benefit when due under the plan | 2018-12-31 | No |
| Assets. Invements in employer securities at end of year | 2018-12-31 | $622,098 |
| Assets. Invements in employer securities at beginning of year | 2018-12-31 | $691,678 |
| Contributions received in cash from employer | 2018-12-31 | $161,917 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2018-12-31 | $532,938 |
| Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-3 | 2018-12-31 | No |
| Did the plan have assets held for investment | 2018-12-31 | Yes |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2018-12-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2018-12-31 | No |
| Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2018-12-31 | No |
| Opinion of an independent qualified public accountant for this plan | 2018-12-31 | Unqualified |
| Accountancy firm name | 2018-12-31 | CLIFTONLARSONALLEN LLP |
| Accountancy firm EIN | 2018-12-31 | 410746749 |
| 2017 : MAGYAR SAVINGS BANK RETIREMENT PLAN 2017 401k financial data |
|---|
| Total income from all sources (including contributions) | 2017-12-31 | $1,528,641 |
| Total of all expenses incurred | 2017-12-31 | $390,453 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2017-12-31 | $367,510 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2017-12-31 | $626,443 |
| Value of total assets at end of year | 2017-12-31 | $7,006,554 |
| Value of total assets at beginning of year | 2017-12-31 | $5,868,366 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2017-12-31 | $22,943 |
| Total interest from all sources | 2017-12-31 | $12,942 |
| Total dividends received (eg from common stock, registered investment company shares) | 2017-12-31 | $81,397 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2017-12-31 | No |
| Total dividends received from registered investment company shares (eg mutual funds) | 2017-12-31 | $81,397 |
| Was this plan covered by a fidelity bond | 2017-12-31 | Yes |
| Value of fidelity bond cover | 2017-12-31 | $4,000,000 |
| If this is an individual account plan, was there a blackout period | 2017-12-31 | No |
| Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2017-12-31 | $0 |
| Were there any nonexempt tranactions with any party-in-interest | 2017-12-31 | No |
| Contributions received from participants | 2017-12-31 | $480,690 |
| Participant contributions at end of year | 2017-12-31 | $146,894 |
| Participant contributions at beginning of year | 2017-12-31 | $150,089 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2017-12-31 | $3,644 |
| Other income not declared elsewhere | 2017-12-31 | $43,389 |
| Administrative expenses (other) incurred | 2017-12-31 | $22,943 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2017-12-31 | No |
| Value of net income/loss | 2017-12-31 | $1,138,188 |
| Value of net assets at end of year (total assets less liabilities) | 2017-12-31 | $7,006,554 |
| Value of net assets at beginning of year (total assets less liabilities) | 2017-12-31 | $5,868,366 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2017-12-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2017-12-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2017-12-31 | No |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2017-12-31 | $5,588,354 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2017-12-31 | $4,579,926 |
| Interest on participant loans | 2017-12-31 | $6,808 |
| Interest earned on other investments | 2017-12-31 | $6,132 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2017-12-31 | $1,968 |
| Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2017-12-31 | $809 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2017-12-31 | $809 |
| Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2017-12-31 | $2 |
| Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2017-12-31 | $577,660 |
| Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2017-12-31 | $499,739 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2017-12-31 | $764,470 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2017-12-31 | No |
| Was there a failure to transmit to the plan any participant contributions | 2017-12-31 | No |
| Has the plan failed to provide any benefit when due under the plan | 2017-12-31 | No |
| Assets. Invements in employer securities at end of year | 2017-12-31 | $691,678 |
| Assets. Invements in employer securities at beginning of year | 2017-12-31 | $637,803 |
| Contributions received in cash from employer | 2017-12-31 | $142,109 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2017-12-31 | $367,510 |
| Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-3 | 2017-12-31 | No |
| Did the plan have assets held for investment | 2017-12-31 | Yes |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2017-12-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2017-12-31 | No |
| Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2017-12-31 | No |
| Opinion of an independent qualified public accountant for this plan | 2017-12-31 | Unqualified |
| Accountancy firm name | 2017-12-31 | WITHUM, SMITH & BROWN P.C. |
| Accountancy firm EIN | 2017-12-31 | 222027092 |
| 2016 : MAGYAR SAVINGS BANK RETIREMENT PLAN 2016 401k financial data |
|---|
| Total income from all sources (including contributions) | 2016-12-31 | $1,153,432 |
| Total of all expenses incurred | 2016-12-31 | $129,110 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2016-12-31 | $111,878 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2016-12-31 | $677,506 |
| Value of total assets at end of year | 2016-12-31 | $5,868,366 |
| Value of total assets at beginning of year | 2016-12-31 | $4,844,044 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2016-12-31 | $17,232 |
| Total interest from all sources | 2016-12-31 | $12,569 |
| Total dividends received (eg from common stock, registered investment company shares) | 2016-12-31 | $65,577 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2016-12-31 | No |
| Total dividends received from registered investment company shares (eg mutual funds) | 2016-12-31 | $65,577 |
| Was this plan covered by a fidelity bond | 2016-12-31 | Yes |
| Value of fidelity bond cover | 2016-12-31 | $4,000,000 |
| If this is an individual account plan, was there a blackout period | 2016-12-31 | No |
| Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2016-12-31 | $0 |
| Were there any nonexempt tranactions with any party-in-interest | 2016-12-31 | No |
| Contributions received from participants | 2016-12-31 | $411,429 |
| Participant contributions at end of year | 2016-12-31 | $150,089 |
| Participant contributions at beginning of year | 2016-12-31 | $166,864 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2016-12-31 | $161,219 |
| Other income not declared elsewhere | 2016-12-31 | $100,967 |
| Administrative expenses (other) incurred | 2016-12-31 | $17,232 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2016-12-31 | No |
| Value of net income/loss | 2016-12-31 | $1,024,322 |
| Value of net assets at end of year (total assets less liabilities) | 2016-12-31 | $5,868,366 |
| Value of net assets at beginning of year (total assets less liabilities) | 2016-12-31 | $4,844,044 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2016-12-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2016-12-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2016-12-31 | No |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2016-12-31 | $4,579,926 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2016-12-31 | $3,742,666 |
| Interest on participant loans | 2016-12-31 | $6,747 |
| Interest earned on other investments | 2016-12-31 | $5,822 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2016-12-31 | $809 |
| Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2016-12-31 | $1,873 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2016-12-31 | $1,873 |
| Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2016-12-31 | $499,739 |
| Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2016-12-31 | $456,590 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2016-12-31 | $296,813 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2016-12-31 | No |
| Was there a failure to transmit to the plan any participant contributions | 2016-12-31 | No |
| Has the plan failed to provide any benefit when due under the plan | 2016-12-31 | No |
| Assets. Invements in employer securities at end of year | 2016-12-31 | $637,803 |
| Assets. Invements in employer securities at beginning of year | 2016-12-31 | $476,051 |
| Contributions received in cash from employer | 2016-12-31 | $104,858 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2016-12-31 | $111,878 |
| Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-3 | 2016-12-31 | No |
| Did the plan have assets held for investment | 2016-12-31 | Yes |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2016-12-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2016-12-31 | No |
| Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2016-12-31 | No |
| Opinion of an independent qualified public accountant for this plan | 2016-12-31 | Unqualified |
| Accountancy firm name | 2016-12-31 | WITHUM, SMITH & BROWN P.C. |
| Accountancy firm EIN | 2016-12-31 | 222027092 |
| Total income from all sources | 2016-09-30 | $416,765 |
| Expenses. Total of all expenses incurred | 2016-09-30 | $210,415 |
| Benefits paid (including direct rollovers) | 2016-09-30 | $190,452 |
| Total plan assets at end of year | 2016-09-30 | $3,001,143 |
| Total plan assets at beginning of year | 2016-09-30 | $2,794,793 |
| Value of fidelity bond covering the plan | 2016-09-30 | $3,500,000 |
| Other income received | 2016-09-30 | $271,170 |
| Net income (gross income less expenses) | 2016-09-30 | $206,350 |
| Net plan assets at end of year (total assets less liabilities) | 2016-09-30 | $3,001,143 |
| Net plan assets at beginning of year (total assets less liabilities) | 2016-09-30 | $2,794,793 |
| Total contributions received or receivable from employer(s) | 2016-09-30 | $145,595 |
| Expenses. Administrative service providers (salaries,fees and commissions) | 2016-09-30 | $19,963 |
| Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2016-09-30 | $0 |
| 2015 : MAGYAR SAVINGS BANK RETIREMENT PLAN 2015 401k financial data |
|---|
| Total income from all sources (including contributions) | 2015-12-31 | $551,985 |
| Total of all expenses incurred | 2015-12-31 | $286,345 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2015-12-31 | $271,799 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2015-12-31 | $488,021 |
| Value of total assets at end of year | 2015-12-31 | $4,844,044 |
| Value of total assets at beginning of year | 2015-12-31 | $4,578,404 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2015-12-31 | $14,546 |
| Total interest from all sources | 2015-12-31 | $13,522 |
| Total dividends received (eg from common stock, registered investment company shares) | 2015-12-31 | $54,848 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2015-12-31 | No |
| Total dividends received from registered investment company shares (eg mutual funds) | 2015-12-31 | $54,848 |
| Was this plan covered by a fidelity bond | 2015-12-31 | Yes |
| Value of fidelity bond cover | 2015-12-31 | $4,000,000 |
| If this is an individual account plan, was there a blackout period | 2015-12-31 | No |
| Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2015-12-31 | $0 |
| Were there any nonexempt tranactions with any party-in-interest | 2015-12-31 | No |
| Contributions received from participants | 2015-12-31 | $386,646 |
| Participant contributions at end of year | 2015-12-31 | $166,864 |
| Participant contributions at beginning of year | 2015-12-31 | $167,397 |
| Other income not declared elsewhere | 2015-12-31 | $67,394 |
| Administrative expenses (other) incurred | 2015-12-31 | $14,546 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2015-12-31 | No |
| Value of net income/loss | 2015-12-31 | $265,640 |
| Value of net assets at end of year (total assets less liabilities) | 2015-12-31 | $4,844,044 |
| Value of net assets at beginning of year (total assets less liabilities) | 2015-12-31 | $4,578,404 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2015-12-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2015-12-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2015-12-31 | No |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2015-12-31 | $3,742,666 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2015-12-31 | $3,456,177 |
| Interest on participant loans | 2015-12-31 | $7,032 |
| Interest earned on other investments | 2015-12-31 | $6,490 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2015-12-31 | $1,873 |
| Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2015-12-31 | $4,027 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2015-12-31 | $4,027 |
| Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2015-12-31 | $456,590 |
| Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2015-12-31 | $519,482 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2015-12-31 | $-71,800 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2015-12-31 | No |
| Was there a failure to transmit to the plan any participant contributions | 2015-12-31 | No |
| Has the plan failed to provide any benefit when due under the plan | 2015-12-31 | No |
| Assets. Invements in employer securities at end of year | 2015-12-31 | $476,051 |
| Assets. Invements in employer securities at beginning of year | 2015-12-31 | $431,321 |
| Contributions received in cash from employer | 2015-12-31 | $101,375 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2015-12-31 | $271,799 |
| Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-3 | 2015-12-31 | No |
| Did the plan have assets held for investment | 2015-12-31 | Yes |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2015-12-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2015-12-31 | No |
| Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2015-12-31 | No |
| Opinion of an independent qualified public accountant for this plan | 2015-12-31 | Unqualified |
| Accountancy firm name | 2015-12-31 | WITHUM, SMITH & BROWN P.C. |
| Accountancy firm EIN | 2015-12-31 | 222027092 |
| Total income from all sources | 2015-09-30 | $70,419 |
| Expenses. Total of all expenses incurred | 2015-09-30 | $207,008 |
| Benefits paid (including direct rollovers) | 2015-09-30 | $186,298 |
| Total plan assets at end of year | 2015-09-30 | $2,794,793 |
| Total plan assets at beginning of year | 2015-09-30 | $2,931,382 |
| Value of fidelity bond covering the plan | 2015-09-30 | $3,500,000 |
| Other income received | 2015-09-30 | $-62,175 |
| Net income (gross income less expenses) | 2015-09-30 | $-136,589 |
| Net plan assets at end of year (total assets less liabilities) | 2015-09-30 | $2,794,793 |
| Net plan assets at beginning of year (total assets less liabilities) | 2015-09-30 | $2,931,382 |
| Total contributions received or receivable from employer(s) | 2015-09-30 | $132,594 |
| Expenses. Administrative service providers (salaries,fees and commissions) | 2015-09-30 | $20,710 |
| Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2015-09-30 | $0 |
| 2014 : MAGYAR SAVINGS BANK RETIREMENT PLAN 2014 401k financial data |
|---|
| Total income from all sources (including contributions) | 2014-12-31 | $684,101 |
| Total of all expenses incurred | 2014-12-31 | $443,309 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2014-12-31 | $433,332 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2014-12-31 | $405,750 |
| Value of total assets at end of year | 2014-12-31 | $4,578,404 |
| Value of total assets at beginning of year | 2014-12-31 | $4,337,612 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2014-12-31 | $9,977 |
| Total interest from all sources | 2014-12-31 | $16,463 |
| Total dividends received (eg from common stock, registered investment company shares) | 2014-12-31 | $61,320 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2014-12-31 | No |
| Total dividends received from registered investment company shares (eg mutual funds) | 2014-12-31 | $61,320 |
| Was this plan covered by a fidelity bond | 2014-12-31 | Yes |
| Value of fidelity bond cover | 2014-12-31 | $4,000,000 |
| If this is an individual account plan, was there a blackout period | 2014-12-31 | No |
| Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2014-12-31 | $0 |
| Were there any nonexempt tranactions with any party-in-interest | 2014-12-31 | No |
| Contributions received from participants | 2014-12-31 | $354,963 |
| Participant contributions at end of year | 2014-12-31 | $167,397 |
| Participant contributions at beginning of year | 2014-12-31 | $183,820 |
| Other income not declared elsewhere | 2014-12-31 | $46,386 |
| Administrative expenses (other) incurred | 2014-12-31 | $9,977 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2014-12-31 | No |
| Value of net income/loss | 2014-12-31 | $240,792 |
| Value of net assets at end of year (total assets less liabilities) | 2014-12-31 | $4,578,404 |
| Value of net assets at beginning of year (total assets less liabilities) | 2014-12-31 | $4,337,612 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2014-12-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2014-12-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2014-12-31 | No |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2014-12-31 | $3,456,177 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2014-12-31 | $3,015,328 |
| Interest on participant loans | 2014-12-31 | $8,170 |
| Interest earned on other investments | 2014-12-31 | $8,293 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2014-12-31 | $4,027 |
| Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2014-12-31 | $440 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2014-12-31 | $440 |
| Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2014-12-31 | $519,482 |
| Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2014-12-31 | $705,488 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2014-12-31 | $154,182 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2014-12-31 | No |
| Was there a failure to transmit to the plan any participant contributions | 2014-12-31 | No |
| Has the plan failed to provide any benefit when due under the plan | 2014-12-31 | No |
| Assets. Invements in employer securities at end of year | 2014-12-31 | $431,321 |
| Assets. Invements in employer securities at beginning of year | 2014-12-31 | $432,536 |
| Contributions received in cash from employer | 2014-12-31 | $50,787 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2014-12-31 | $433,332 |
| Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-3 | 2014-12-31 | No |
| Did the plan have assets held for investment | 2014-12-31 | Yes |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2014-12-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2014-12-31 | No |
| Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2014-12-31 | No |
| Opinion of an independent qualified public accountant for this plan | 2014-12-31 | Unqualified |
| Accountancy firm name | 2014-12-31 | WITHUM, SMITH & BROWN P.C. |
| Accountancy firm EIN | 2014-12-31 | 222027092 |
| Total income from all sources | 2014-09-30 | $392,574 |
| Expenses. Total of all expenses incurred | 2014-09-30 | $203,700 |
| Benefits paid (including direct rollovers) | 2014-09-30 | $183,946 |
| Total plan assets at end of year | 2014-09-30 | $2,931,382 |
| Total plan assets at beginning of year | 2014-09-30 | $2,742,508 |
| Value of fidelity bond covering the plan | 2014-09-30 | $3,500,000 |
| Expenses. Other expenses not covered elsewhere | 2014-09-30 | $19,754 |
| Other income received | 2014-09-30 | $234,620 |
| Net income (gross income less expenses) | 2014-09-30 | $188,874 |
| Net plan assets at end of year (total assets less liabilities) | 2014-09-30 | $2,931,382 |
| Net plan assets at beginning of year (total assets less liabilities) | 2014-09-30 | $2,742,508 |
| Total contributions received or receivable from employer(s) | 2014-09-30 | $157,954 |
| Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2014-09-30 | $0 |
| 2013 : MAGYAR SAVINGS BANK RETIREMENT PLAN 2013 401k financial data |
|---|
| Total income from all sources (including contributions) | 2013-12-31 | $1,186,778 |
| Total of all expenses incurred | 2013-12-31 | $417,233 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2013-12-31 | $412,336 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2013-12-31 | $393,138 |
| Value of total assets at end of year | 2013-12-31 | $4,337,612 |
| Value of total assets at beginning of year | 2013-12-31 | $3,568,067 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2013-12-31 | $4,897 |
| Total interest from all sources | 2013-12-31 | $15,648 |
| Total dividends received (eg from common stock, registered investment company shares) | 2013-12-31 | $48,594 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2013-12-31 | No |
| Total dividends received from registered investment company shares (eg mutual funds) | 2013-12-31 | $48,594 |
| Was this plan covered by a fidelity bond | 2013-12-31 | Yes |
| Value of fidelity bond cover | 2013-12-31 | $4,000,000 |
| If this is an individual account plan, was there a blackout period | 2013-12-31 | No |
| Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2013-12-31 | $0 |
| Were there any nonexempt tranactions with any party-in-interest | 2013-12-31 | No |
| Contributions received from participants | 2013-12-31 | $306,341 |
| Participant contributions at end of year | 2013-12-31 | $183,820 |
| Participant contributions at beginning of year | 2013-12-31 | $135,627 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2013-12-31 | $39,044 |
| Administrative expenses (other) incurred | 2013-12-31 | $4,897 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2013-12-31 | No |
| Value of net income/loss | 2013-12-31 | $769,545 |
| Value of net assets at end of year (total assets less liabilities) | 2013-12-31 | $4,337,612 |
| Value of net assets at beginning of year (total assets less liabilities) | 2013-12-31 | $3,568,067 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2013-12-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2013-12-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2013-12-31 | No |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2013-12-31 | $3,015,328 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2013-12-31 | $2,648,027 |
| Interest on participant loans | 2013-12-31 | $6,743 |
| Interest earned on other investments | 2013-12-31 | $8,905 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2013-12-31 | $440 |
| Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2013-12-31 | $48 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2013-12-31 | $48 |
| Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2013-12-31 | $705,488 |
| Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2013-12-31 | $536,959 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2013-12-31 | $729,398 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2013-12-31 | No |
| Was there a failure to transmit to the plan any participant contributions | 2013-12-31 | No |
| Has the plan failed to provide any benefit when due under the plan | 2013-12-31 | No |
| Assets. Invements in employer securities at end of year | 2013-12-31 | $432,536 |
| Assets. Invements in employer securities at beginning of year | 2013-12-31 | $247,406 |
| Contributions received in cash from employer | 2013-12-31 | $47,753 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2013-12-31 | $412,336 |
| Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-3 | 2013-12-31 | No |
| Did the plan have assets held for investment | 2013-12-31 | Yes |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2013-12-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2013-12-31 | No |
| Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2013-12-31 | No |
| Opinion of an independent qualified public accountant for this plan | 2013-12-31 | Unqualified |
| Accountancy firm name | 2013-12-31 | WITHUM, SMITH & BROWN P.C. |
| Accountancy firm EIN | 2013-12-31 | 222027092 |
| Total income from all sources | 2013-09-30 | $386,141 |
| Expenses. Total of all expenses incurred | 2013-09-30 | $199,813 |
| Benefits paid (including direct rollovers) | 2013-09-30 | $181,486 |
| Total plan assets at end of year | 2013-09-30 | $2,742,508 |
| Total plan assets at beginning of year | 2013-09-30 | $2,556,180 |
| Value of fidelity bond covering the plan | 2013-09-30 | $3,500,000 |
| Other income received | 2013-09-30 | $271,032 |
| Net income (gross income less expenses) | 2013-09-30 | $186,328 |
| Net plan assets at end of year (total assets less liabilities) | 2013-09-30 | $2,742,508 |
| Net plan assets at beginning of year (total assets less liabilities) | 2013-09-30 | $2,556,180 |
| Total contributions received or receivable from employer(s) | 2013-09-30 | $115,109 |
| Expenses. Administrative service providers (salaries,fees and commissions) | 2013-09-30 | $18,327 |
| Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2013-09-30 | $0 |
| 2012 : MAGYAR SAVINGS BANK RETIREMENT PLAN 2012 401k financial data |
|---|
| Total income from all sources (including contributions) | 2012-12-31 | $754,388 |
| Total of all expenses incurred | 2012-12-31 | $333,932 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2012-12-31 | $315,969 |
| Expenses. Certain deemed distributions of participant loans | 2012-12-31 | $109 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2012-12-31 | $294,813 |
| Value of total assets at end of year | 2012-12-31 | $3,568,067 |
| Value of total assets at beginning of year | 2012-12-31 | $3,147,611 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2012-12-31 | $17,854 |
| Total interest from all sources | 2012-12-31 | $14,734 |
| Total dividends received (eg from common stock, registered investment company shares) | 2012-12-31 | $50,224 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2012-12-31 | No |
| Total dividends received from registered investment company shares (eg mutual funds) | 2012-12-31 | $50,224 |
| Administrative expenses professional fees incurred | 2012-12-31 | $7,117 |
| Was this plan covered by a fidelity bond | 2012-12-31 | Yes |
| Value of fidelity bond cover | 2012-12-31 | $4,000,000 |
| If this is an individual account plan, was there a blackout period | 2012-12-31 | No |
| Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2012-12-31 | $0 |
| Were there any nonexempt tranactions with any party-in-interest | 2012-12-31 | No |
| Contributions received from participants | 2012-12-31 | $294,813 |
| Participant contributions at end of year | 2012-12-31 | $135,627 |
| Participant contributions at beginning of year | 2012-12-31 | $134,155 |
| Administrative expenses (other) incurred | 2012-12-31 | $10,737 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2012-12-31 | No |
| Value of net income/loss | 2012-12-31 | $420,456 |
| Value of net assets at end of year (total assets less liabilities) | 2012-12-31 | $3,568,067 |
| Value of net assets at beginning of year (total assets less liabilities) | 2012-12-31 | $3,147,611 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2012-12-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2012-12-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2012-12-31 | No |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2012-12-31 | $2,648,027 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2012-12-31 | $2,284,077 |
| Interest on participant loans | 2012-12-31 | $5,963 |
| Interest earned on other investments | 2012-12-31 | $8,771 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2012-12-31 | $48 |
| Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2012-12-31 | $22,783 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2012-12-31 | $22,783 |
| Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2012-12-31 | $0 |
| Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2012-12-31 | $536,959 |
| Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2012-12-31 | $502,809 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2012-12-31 | $394,617 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2012-12-31 | No |
| Was there a failure to transmit to the plan any participant contributions | 2012-12-31 | No |
| Has the plan failed to provide any benefit when due under the plan | 2012-12-31 | No |
| Assets. Invements in employer securities at end of year | 2012-12-31 | $247,406 |
| Assets. Invements in employer securities at beginning of year | 2012-12-31 | $203,787 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2012-12-31 | $315,969 |
| Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-3 | 2012-12-31 | No |
| Did the plan have assets held for investment | 2012-12-31 | Yes |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2012-12-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2012-12-31 | No |
| Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2012-12-31 | No |
| Opinion of an independent qualified public accountant for this plan | 2012-12-31 | Unqualified |
| Accountancy firm name | 2012-12-31 | WITHUM, SMITH & BROWN P.C. |
| Accountancy firm EIN | 2012-12-31 | 222027092 |
| Total income from all sources | 2012-09-30 | $502,868 |
| Expenses. Total of all expenses incurred | 2012-09-30 | $189,878 |
| Benefits paid (including direct rollovers) | 2012-09-30 | $173,101 |
| Total plan assets at end of year | 2012-09-30 | $2,556,180 |
| Total plan assets at beginning of year | 2012-09-30 | $2,243,190 |
| Value of fidelity bond covering the plan | 2012-09-30 | $3,500,000 |
| Other income received | 2012-09-30 | $313,031 |
| Net income (gross income less expenses) | 2012-09-30 | $312,990 |
| Net plan assets at end of year (total assets less liabilities) | 2012-09-30 | $2,556,180 |
| Net plan assets at beginning of year (total assets less liabilities) | 2012-09-30 | $2,243,190 |
| Total contributions received or receivable from employer(s) | 2012-09-30 | $189,837 |
| Expenses. Administrative service providers (salaries,fees and commissions) | 2012-09-30 | $16,777 |
| Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2012-09-30 | $0 |
| 2011 : MAGYAR SAVINGS BANK RETIREMENT PLAN 2011 401k financial data |
|---|
| Total income from all sources (including contributions) | 2011-12-31 | $157,301 |
| Total of all expenses incurred | 2011-12-31 | $213,205 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2011-12-31 | $186,232 |
| Expenses. Certain deemed distributions of participant loans | 2011-12-31 | $12,991 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2011-12-31 | $312,681 |
| Value of total assets at end of year | 2011-12-31 | $3,147,611 |
| Value of total assets at beginning of year | 2011-12-31 | $3,203,515 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2011-12-31 | $13,982 |
| Total interest from all sources | 2011-12-31 | $17,237 |
| Total dividends received (eg from common stock, registered investment company shares) | 2011-12-31 | $36,345 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2011-12-31 | No |
| Total dividends received from registered investment company shares (eg mutual funds) | 2011-12-31 | $36,345 |
| Was this plan covered by a fidelity bond | 2011-12-31 | Yes |
| Value of fidelity bond cover | 2011-12-31 | $5,000,000 |
| If this is an individual account plan, was there a blackout period | 2011-12-31 | No |
| Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2011-12-31 | $0 |
| Were there any nonexempt tranactions with any party-in-interest | 2011-12-31 | No |
| Contributions received from participants | 2011-12-31 | $302,325 |
| Participant contributions at end of year | 2011-12-31 | $134,155 |
| Participant contributions at beginning of year | 2011-12-31 | $150,430 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2011-12-31 | $10,356 |
| Other income not declared elsewhere | 2011-12-31 | $-129,674 |
| Administrative expenses (other) incurred | 2011-12-31 | $13,982 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2011-12-31 | No |
| Value of net income/loss | 2011-12-31 | $-55,904 |
| Value of net assets at end of year (total assets less liabilities) | 2011-12-31 | $3,147,611 |
| Value of net assets at beginning of year (total assets less liabilities) | 2011-12-31 | $3,203,515 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2011-12-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2011-12-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2011-12-31 | No |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2011-12-31 | $2,284,077 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2011-12-31 | $2,301,260 |
| Interest on participant loans | 2011-12-31 | $5,976 |
| Interest earned on other investments | 2011-12-31 | $11,258 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2011-12-31 | $22,783 |
| Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2011-12-31 | $18,088 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2011-12-31 | $18,088 |
| Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2011-12-31 | $3 |
| Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2011-12-31 | $502,809 |
| Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2011-12-31 | $439,820 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2011-12-31 | $-79,288 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2011-12-31 | No |
| Was there a failure to transmit to the plan any participant contributions | 2011-12-31 | No |
| Has the plan failed to provide any benefit when due under the plan | 2011-12-31 | No |
| Assets. Invements in employer securities at end of year | 2011-12-31 | $203,787 |
| Assets. Invements in employer securities at beginning of year | 2011-12-31 | $293,917 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2011-12-31 | $186,232 |
| Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-3 | 2011-12-31 | No |
| Did the plan have assets held for investment | 2011-12-31 | Yes |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2011-12-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2011-12-31 | No |
| Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2011-12-31 | No |
| Opinion of an independent qualified public accountant for this plan | 2011-12-31 | Unqualified |
| Accountancy firm name | 2011-12-31 | WITHUM, SMITH & BROWN P.C. |
| Accountancy firm EIN | 2011-12-31 | 222027092 |
| Total income from all sources | 2011-09-30 | $49,348 |
| Expenses. Total of all expenses incurred | 2011-09-30 | $156,818 |
| Benefits paid (including direct rollovers) | 2011-09-30 | $141,315 |
| Total plan assets at end of year | 2011-09-30 | $2,243,190 |
| Total plan assets at beginning of year | 2011-09-30 | $2,350,660 |
| Value of fidelity bond covering the plan | 2011-09-30 | $3,500,000 |
| Expenses. Other expenses not covered elsewhere | 2011-09-30 | $15,503 |
| Other income received | 2011-09-30 | $-57,216 |
| Net income (gross income less expenses) | 2011-09-30 | $-107,470 |
| Net plan assets at end of year (total assets less liabilities) | 2011-09-30 | $2,243,190 |
| Net plan assets at beginning of year (total assets less liabilities) | 2011-09-30 | $2,350,660 |
| Total contributions received or receivable from employer(s) | 2011-09-30 | $106,564 |
| Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2011-09-30 | $0 |
| 2010 : MAGYAR SAVINGS BANK RETIREMENT PLAN 2010 401k financial data |
|---|
| Total income from all sources (including contributions) | 2010-12-31 | $640,128 |
| Total of all expenses incurred | 2010-12-31 | $392,804 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2010-12-31 | $346,643 |
| Expenses. Certain deemed distributions of participant loans | 2010-12-31 | $42,834 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2010-12-31 | $334,353 |
| Value of total assets at end of year | 2010-12-31 | $3,203,515 |
| Value of total assets at beginning of year | 2010-12-31 | $2,956,191 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2010-12-31 | $3,327 |
| Total interest from all sources | 2010-12-31 | $18,962 |
| Total dividends received (eg from common stock, registered investment company shares) | 2010-12-31 | $36,021 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2010-12-31 | No |
| Total dividends received from registered investment company shares (eg mutual funds) | 2010-12-31 | $36,021 |
| Was this plan covered by a fidelity bond | 2010-12-31 | Yes |
| Value of fidelity bond cover | 2010-12-31 | $5,000,000 |
| If this is an individual account plan, was there a blackout period | 2010-12-31 | No |
| Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2010-12-31 | $0 |
| Were there any nonexempt tranactions with any party-in-interest | 2010-12-31 | No |
| Contributions received from participants | 2010-12-31 | $297,271 |
| Participant contributions at end of year | 2010-12-31 | $150,430 |
| Participant contributions at beginning of year | 2010-12-31 | $123,188 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2010-12-31 | $37,082 |
| Other income not declared elsewhere | 2010-12-31 | $-3,409 |
| Administrative expenses (other) incurred | 2010-12-31 | $3,327 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2010-12-31 | No |
| Value of net income/loss | 2010-12-31 | $247,324 |
| Value of net assets at end of year (total assets less liabilities) | 2010-12-31 | $3,203,515 |
| Value of net assets at beginning of year (total assets less liabilities) | 2010-12-31 | $2,956,191 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2010-12-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2010-12-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2010-12-31 | No |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2010-12-31 | $2,301,260 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2010-12-31 | $2,010,542 |
| Interest on participant loans | 2010-12-31 | $6,797 |
| Interest earned on other investments | 2010-12-31 | $12,163 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2010-12-31 | $18,088 |
| Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2010-12-31 | $13,899 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2010-12-31 | $13,899 |
| Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2010-12-31 | $2 |
| Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2010-12-31 | $439,820 |
| Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2010-12-31 | $562,599 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2010-12-31 | $254,201 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2010-12-31 | No |
| Was there a failure to transmit to the plan any participant contributions | 2010-12-31 | No |
| Has the plan failed to provide any benefit when due under the plan | 2010-12-31 | No |
| Assets. Invements in employer securities at end of year | 2010-12-31 | $293,917 |
| Assets. Invements in employer securities at beginning of year | 2010-12-31 | $245,963 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2010-12-31 | $346,643 |
| Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-3 | 2010-12-31 | No |
| Did the plan have assets held for investment | 2010-12-31 | Yes |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2010-12-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2010-12-31 | No |
| Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2010-12-31 | No |
| Opinion of an independent qualified public accountant for this plan | 2010-12-31 | Unqualified |
| Accountancy firm name | 2010-12-31 | WITHUM, SMITH & BROWN P.C. |
| Accountancy firm EIN | 2010-12-31 | 222027092 |
| Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2010-09-30 | $0 |
| 2009 : MAGYAR SAVINGS BANK RETIREMENT PLAN 2009 401k financial data |
|---|
| Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2009-12-31 | $0 |
