Plan Snapshot
- Plan Sponsor: Canandaigua National Bank And Trust Company
- Sponsor EIN: 160373410
- Sponsor Address: 72 SOUTH MAIN STREET, CANANDAIGUA, NY, 14424
- Plan Type: DC
- Total Participants: 671
- Total Assets: $8.1M
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 | 671 | $8.1M | $600,000 | $0 |
| 2023 | 689 | $8.8M | $530,000 | $0 |
| 2022 | 668 | $9.2M | $500,000 | $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 |
|---|---|---|---|---|
| FREED MAXICK, CPAS | ACCOUNTANT | $13,000 | — | $13,000 |
| BENEFIT MANAGEMENT INC | PLAN ADMINISTRATOR | $8,776 | — | $8,776 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $21,776
- Estimated Expense Ratio: 0.267% 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 | $24,976 | — | $8,776 | $13,000 | — |
| 2023 | — | — | — | — | — |
| 2022 | — | — | — | — | — |