Habib American Bank (Hab Bank) 401(k) match, vesting and fees
What Habib American Bank (Hab Bank)'s 401(k) plan says about matching contributions
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Newport Group, Inc | Schedule C ↗ |
| Independent auditor | Crowe LLP (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
How the plan compares
Plan year 2024 medians for 3,409 defined-contribution plans in finance and insurance with 100 to 499 participants.
| Habib American Bank (Hab Bank): employer contribution per participant | $3,971 | |
| Peer median | $2,868 |
| Habib American Bank (Hab Bank): average balance | $151,598 | |
| Peer median | $95,281 |
| Habib American Bank (Hab Bank): admin expenses ÷ assets | 0.19% | |
| Peer median | 0.22% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $25.3M at the end of plan year 2021 to $26.2M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 205 | $26.2M | $687K | $3,971 | 0.19% | Not published | Form 5500 ↗ |
| 2023 | 178 | $24.6M | $673K | $3,826 | 0.42% | Not published | Form 5500 ↗ |
| 2022 | 170 | $22M | $681K | $4,077 | 0.40% | Not published | Form 5500 ↗ |
| 2021 | 176 | $25.3M | $683K | $3,971 | 0.38% | Not published | Form 5500 ↗ |
Common questions
Does Habib American Bank (Hab Bank) match 401(k) contributions?
The match terms for the Habib American Bank 401(k) Savings Plan have not been published from its filing yet. The plan year 2024 filing reports $687K in employer contributions, about $3,971 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Habib American Bank (Hab Bank) 401(k) match vested?
The vesting schedule for the Habib American Bank 401(k) Savings Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Habib American Bank (Hab Bank) 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Newport Group, Inc. The plan administrator is Habib American Bank (Hab Bank).
I left Habib American Bank (Hab Bank). How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Habib American Bank (Hab Bank), (212) 532-4444) or the recordkeeper, Newport Group, Inc. The Habib American Bank (Hab Bank) old 401(k) page lists the contacts from every plan filing. Find an old Habib American Bank (Hab Bank) 401(k)
Data from the public Form 5500 annual reports Habib American Bank (Hab Bank) filed with the U.S. Department of Labor (plan years 2021 and 2022 and 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Habib American Bank (Hab Bank). Not financial advice. Report a correction · Methodology