Plan Snapshot
- Plan Sponsor: Arrow Financial Corporation
- Sponsor EIN: 222448962
- Sponsor Address: 250 GLEN STREET, GLENS FALLS, NY, 12801
- Plan Type: DB
- Total Participants: 459
- Total Assets: $63.9M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 459 | $63.9M | $0 | $0 |
| 2023 | 398 | $59.2M | $0 | $0 |
| 2022 | 397 | $54.3M | $0 | $0 |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| BPAS ACTUARIAL AND PENSION SERVICES | NONE | $80,130 | — | $80,130 |
| WHITTEMORE, DOWEN & RICCIARDELLI | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $80,130
- Estimated Expense Ratio: 0.125% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $161,738 | — | — | — | — |
| 2023 | $143,747 | — | — | — | — |
| 2022 | $116,297 | — | — | — | $116,297 |