Company: ASRV
Filing Date: 2025-06-25
Form Type: 11-K
Source: 0001558370-25-008853
Chunk: 3

Company: AMERISERV FINANCIAL INC /PA/
Filing Date: 2025-06-25
Form: 11-K
Chunk 3
---
 |     15,391 |
| Total Deductions                                      | ​ | ​                       |  6,783,433 | ​ | ​ |  2,810,068 |
| ​                                                     | ​ | ​                       |          ​ | ​ | ​ |          ​ |
| Net Increase                                          | ​ | ​                       |  1,872,382 | ​ | ​ |  4,789,729 |
| ​                                                     | ​ | ​                       |          ​ | ​ | ​ |          ​ |
| NET ASSETS AVAILABLE FOR BENEFITS:                    | ​ | ​                       |          ​ | ​ | ​ |          ​ |
| Beginning of the Year                                 | ​ | ​                       | 40,780,609 | ​ | ​ | 35,990,880 |
| End of the Year                                       | ​ | $                       | 42,652,991 | ​ | $ | 40,780,609 |

The accompanying notes are an integral part of these financial statements.

6

### AMERISERV FINANCIAL

### 401(k) PROFIT SHARING PLANNOTES TO FINANCIAL STATEMENTS
NOTE 1 - DESCRIPTION OF PLAN

The following brief description of the AmeriServ Financial 401(k) Profit Sharing Plan (the “Plan”) is provided for general information purposes only. Participants should refer to the Plan Document for a more comprehensive description of the Plan’s provisions.

The Plan is a defined contribution plan covering the employees of AmeriServ Financial, Inc., and its wholly owned subsidiary, AmeriServ Financial Bank, (the “Company”), including members of the United Steelworkers of America, AFL-CIO-CLC, Local Union 2635-06 (the “Union”). Following the implementation of a soft freeze of the AmeriServ Financial, Inc. defined benefit pension plan for employees hired after December 31, 2012, the Plan was amended, effective January 1, 2013. Non-union and union employees (not in the defined benefit pension plan) hired prior to January 1, 2013 and January 1, 2014, respectively, who have attained the latter of the age of 21 or completion of 12 consecutive months of service with at least 500 hours of service are eligible to participate but are not eligible to receive an employer discretionary contribution until achieving 1,000 hours of service. Non-union and union employees (not in the defined benefit pension plan) hired and rehired after December