WASHINGTON, D.C. 20549
A. Full title of the plan and the address of the plan, if different from that of the issuer named below:
B: Name of issuer of the securities held pursuant to the plan and the address of its principal executive office:
SUMMARY ANNUAL REPORT FOR
EAGLE SAVINGS BANK 401(K) PROFIT SHARING PLAN AND TRUST
This is a summary of the annual report for the Eagle Savings Bank 401(k) Profit Sharing Plan and
Trust (Employer Identification Number 31-0411290, Plan Number 001) for the plan year 01/01/2019 through 12/31/2019. The annual report has been filed with the Employee Benefits Security Administration, as required under the Employee Retirement
Income Security Act of 1974 (ERISA).
Basic Financial Statement
Plan expenses were $233,348. These expenses included $1,257 in administrative expenses and $232,091
in benefits paid to participants and beneficiaries, $0 in certain deemed and/or corrective distributions, and $0 in other expenses. A total of 29 persons were participants in or beneficiaries of the plan at the end of the plan year, although not
all of these persons had yet earned the right to receive benefits.
The value of plan assets, after subtracting liabilities of the plan, was $2,595,508 as of the
end of the plan year, compared to $2,237,745 as of the beginning of the plan year. During the plan year the plan experienced a change in its net assets of $357,763. This change includes unrealized appreciation or depreciation in the value of plan
assets; that is, the difference between the value of the plan’s assets at the end of the year and the value of the assets at the beginning of the year or the cost of assets acquired during the year. The plan had total income of $591,111, including
employer contributions of $87,919, employee contributions of $164,906, other contributions/other income of $0 and earnings from investments of
$338,286.
Information Regarding Plan Assets
The U.S. Department of Labor’s regulations require that an independent qualified public
accountant audit the plan’s financial statements unless certain conditions are met for the audit requirement to be waived. This plan met the audit waiver conditions for the plan year beginning 01/01/2019 and therefore has not had an audit
performed.
The plan’s assets were held in individual participant accounts with investments directed by
participants and beneficiaries and with account statements from regulated financial institutions furnished to the participant or beneficiary at least annually and other qualifying assets.
General information regarding the audit waiver conditions applicable to the plan can be found on
the U.S. Department of Labor Web site at https://www.dol.gov/agencies/ebsa under the heading “Frequently Asked Questions.”
Your Rights to Additional Information
You have the right to receive a copy of the full annual report, or any part thereof, on request.
To obtain a copy of the full annual report, or any part thereof, write or call the plan administrator, at 6415 Bridgetown Road, Cincinnati, OH 45248-2934 and phone number, 513-574-0700.
You also have the right to receive from the plan administrator, on request and at no charge, a
statement of the assets and liabilities of the plan and accompanying notes, or a statement of income and expenses of the plan and accompanying notes, or both. If you request a copy of the full annual report from the plan administrator, these two
statements and accompanying notes will be included as part of that report.
You also have the legally protected right to examine the annual report at the main office of the
plan: 6415 Bridgetown Road, Cincinnati, OH 45248-2934, and at the U.S. Department of Labor in Washington, D.C., or to obtain a copy from the U.S. Department of Labor upon payment of copying costs. Requests to the Department should be addressed to:
Public Disclosure Room, Room N-1513, Employee Benefits Security Administration, U.S. Department of Labor, 200 Constitution Avenue, N.W., Washington, D.C. 20210.
Paperwork Reduction Act Statement
According to the Paperwork Reduction Act of 1995 (Pub. L. 104-13) (PRA), no persons are required
to respond to a collection of information unless such collection displays a valid Office of Management and Budget (OMB) control number. The Department notes that a Federal agency cannot conduct or sponsor a collection of information unless it is
approved by OMB under the PRA, and displays a currently valid OMB control number, and the public is not required to respond to a collection of information unless it displays a currently valid OMB control number. See 44 U.S.C. 3507. Also,
notwithstanding any other provisions of law, no person shall be subject to penalty for failing to comply with a collection of information if the collection of information does not display a currently valid OMB control number. See 44 U.S.C. 3512.
The public reporting burden for this collection of information is estimated to average less than
one minute per notice (approximately 3 hours and 11 minutes per plan). Interested parties are encouraged to send comments regarding the burden estimate or any other aspect of this collection of information, including suggestions for reducing this
burden, to the U.S. Department of Labor, Office of the Chief Information Officer, Attention: Departmental Clearance Officer, 200 Constitution Avenue, N.W., Room N-1301, Washington, DC 20210 or email DOL_PRA_PUBLIC@dol.gov and reference the OMB
Control Number 1210-0040.
OMB Control Number 1210-0040 (expires 06/30/2022)