2023 Form 5500 filing — Ulster Savings Bank 401(K) Plan
Plain-English filing summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, this is the 2023 Form 5500 filing (EFAST2 acknowledgement 20241002082721NAL0013927440001) for Ulster Savings Bank 401(K) Plan, reported by Ulster Savings Bank under EIN 14-1136850 and plan number 002. It reports 392 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241002082721NAL0013927440001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Ulster Savings Bank
- EIN
- 14-1136850
- Plan number
- 002
- Location
- Kingston, NY
- Participants
- 392
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $60,485,924
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $60,485,924
- Employer contributions
- $1,249,431
- Participant contributions
- $1,613,168
- Total income / additions
- $9,821,470
- Benefits paid
- $6,400,838
- Administrative expenses
- $137,554
- Total expenses
- $6,577,117
- Net increase / (decrease)
- $3,244,353
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Onedigital Investment Advisors LLC | INVESTMENT ADVISOR | $114,785 | not reported in the loaded dataset |
| Wolf & Company, P.C. | AUDITOR | $22,000 | not reported in the loaded dataset |
| Empower Advisory Group, LLC | INVESTMENT MGMT | $769 | not reported in the loaded dataset |
| Empower Life & Annuity Insurance Co | RECORDKEEPER | $0 | $0 |