Plan Snapshot
- Plan Sponsor: Financial Institutions, INC.
- Sponsor EIN: 160816610
- Sponsor Address: 55 NORTH MAIN STREET, WARSAW, NY, 14569
- Plan Type: 401(k)
- Plan Number: 002
- Total Participants: 861
- Total Assets: $80.7M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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 | 861 | $80.7M | $0 | $0 |
| 2024 | 594 | $71.0M | $0 | $4.2M |
| 2023 | 614 | $63.4M | $0 | $4.5M |
| 2022 | 650 | $56.6M | $0 | $4.2M |
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 |
|---|---|---|---|---|
| THE VANGUARD GROUP, INC. | Other Service Provider | $66,356 | — | $66,356 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $66,356
- Estimated Expense Ratio: 0.082% 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 |
|---|---|---|---|---|---|
| 2025 | $7,082,537 | — | — | — | — |
| 2024 | $66,830 | — | — | — | — |
| 2023 | $69,598 | — | — | — | — |
| 2022 | $67,442 | — | — | — | — |