Plan Snapshot
- Plan Sponsor: Ballston Spa National Bank
- Sponsor EIN: 140486153
- Sponsor Address: 990 STATE ROUTE 67, BALLSTON SPA, NY, 12020
- Plan Type: 401(k)
- Plan Number: 002
- Total Participants: 198
- Total Assets: $21.3M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2025 | 198 | $21.3M | $0 | $0 |
| 2024 | 136 | $19.8M | $559,772 | $761,041 |
| 2023 | 120 | $15.5M | $542,247 | $714,788 |
| 2022 | 122 | $15.4M | $526,305 | $653,104 |
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 |
|---|---|---|---|---|
| TEAL, BECKER & CHIARAMONTE | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 |
|---|---|---|---|---|---|
| 2025 | $3,118,443 | — | — | — | — |
| 2024 | -$16,334 | — | — | — | — |
| 2023 | -$16,728 | — | — | — | — |
| 2022 | -$16,774 | — | — | — | — |