# Community Financial System, INC 401(k) Plan
Source: https://planprovider.pro/companies/community-bank-system-inc-401k-plan

> Community Financial System, INC's 401(k) plan: 2,662 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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.](https://planprovider.pro/provider/bpas) — SUBSIDIARY

- [DANNIBLE & MCKEE, LLP](https://planprovider.pro/provider/dannible-and-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|—|—|

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[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/community-bank-system-inc-401k-plan)

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