Plan Snapshot
- Plan Sponsor: Community Financial System, INC.
- Sponsor EIN: 161213679
- Sponsor Address: 5790 WIDEWATERS PKWY, DEWITT, NY, 132141850
- Plan Type: DB
- Total Participants: 2,325
- Total Assets: $273.0M
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 | 2,325 | $273.0M | $4.4M | $0 |
| 2023 | 2,331 | $267.5M | $4.3M | $0 |
| 2022 | 2,335 | $244.3M | $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 |
|---|---|---|---|---|
| DANNIBLE & MCKEE, LLP | Auditor | $386,931 | — | $386,931 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- DANNIBLE & MCKEE, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $386,931
- Estimated Expense Ratio: 0.142% 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 | $386,931 | — | — | $386,931 | — |
| 2023 | $354,624 | — | — | $354,624 | — |
| 2022 | $324,544 | — | — | — | — |