Plan Snapshot
- Plan Sponsor: Community Financial System, INC
- Sponsor EIN: 161213679
- Sponsor Address: 5790 WIDEWATERS PARKWAY, DEWITT, NY, 132141883
- Plan Type: 401(k)
- Total Participants: 2,662
- Total Assets: $474.2M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 2,662 | $474.2M | $9.8M | $16.2M |
| 2023 | 2,646 | $415.6M | $9.1M | $15.6M |
| 2022 | 2,752 | $379.5M | $8.0M | $14.3M |
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 |
|---|---|---|---|---|
| BENEFIT PLANS ADMIN SERVICES, INC. | SUBSIDIARY | $98,613 | — | $98,613 |
| DANNIBLE & MCKEE, LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- BENEFIT PLANS ADMIN SERVICES, INC. — SUBSIDIARY
- DANNIBLE & MCKEE, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $98,613
- Estimated Expense Ratio: 0.021% 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 | $98,613 | $1,988 | $89,201 | — | — |
| 2023 | $98,365 | $2,040 | $90,233 | — | — |
| 2022 | $96,735 | $2,094 | $88,931 | — | — |