2023 Form 5500 filing — Trustco Bank Profit Sharing/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 20241011102544NAL0010816659001) for Trustco Bank Profit Sharing/401(K) Plan, reported by Trustco Bank under EIN 14-0578631 and plan number 002. It reports 1,343 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
Form 5500 2 · 2023
Filing snapshot
Net assets (EOY)$44.1MReported net assets$44,144,025
Participants1.3K1,343
Provider compensation$171.8K3 Schedule C row(s)$171,764
Schedules filedSchedule H, Schedule CLoaded schedules
- EFAST2 acknowledgement
- 20241011102544NAL0010816659001
- Plan sponsor
- Trustco Bank
- EIN
- 14-0578631
- Plan number
- 002
- Location
- Albany, NY
- Received date
- not reported in the loaded dataset
Schedule H · 2023
Reported financial snapshot
Reported figures as filed, in whole dollars. Only fields the filing reports are shown.
Reported balance (end of year)$44.1M total assets
Net assets$44.1MLiabilities$0
Full reported line items
- Total assets (EOY)
- $44,144,025
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $44,144,025
- Employer contributions
- $1,384,989
- Participant contributions
- $2,088,916
- Total income / additions
- $10,339,092
- Benefits paid
- $5,471,424
- Administrative expenses
- $173,442
- Total expenses
- $5,644,866
- Net increase / (decrease)
- $4,694,226
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Milliman, Inc. | NONE | $154,519 | not reported in the loaded dataset |
| Charles Schwab Trust Bank | NONE | $15,420 | $0 |
| Charles Schwab & Co. Inc. | NONE | $1,825 | $0 |