Adirondack Bank 401(K) Plan — Form 5500 plan (Adirondack Bank)
Plain-English plan 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, Adirondack Bank 401(K) Plan is a benefit plan reported by Adirondack Bank under EIN 15-0438700 and plan number 002. The latest loaded filing year is 2023. The filing reports 268 participants and $13,585,459 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Adirondack Bank
- EIN
- 15-0438700
- Plan number
- 002
- Plan type
- 2
- Location
- Utica, NY
- Latest filing year
- 2023
- Participants
- 268
- End-of-year plan assets
- $13,585,459
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 268 | H, C | 20241015142101NAL0014822515001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $13,585,459
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $13,585,459
- Net assets (BOY)
- $11,451,904
Income & contributions
- Employer contributions
- $633,300
- Participant contributions
- $688,922
- Total contributions
- $1,623,864
- Total income / additions
- $3,830,305
Expenses & distributions
- Benefits paid
- $1,567,796
- Administrative expenses
- $128,954
- Total expenses
- $1,696,750
- Net increase / (decrease)
- $2,133,555
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Empower Life & Annuity Insurance | RECORDKEEPER | $63,016 | $0 | 2023 |
| Hazard & Siegel Inc. | INVESTMENT ADVISOR | $60,785 | not reported in the loaded dataset | 2023 |
| The Retirement Advantage Inc | CONTRACT ADMIN | $5,155 | $6,000 | 2023 |