Plan Snapshot
- Plan Sponsor: Nbt Bancorp INC.
- Sponsor EIN: 161268674
- Sponsor Address: 52 S BROAD ST, NORWICH, NY, 13815
- Plan Type: 401(k)
- Total Participants: 2,046
- Total Assets: $366.5M
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: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 2,046 | $366.5M | $7.1M | $13.8M |
| 2023 | 2,014 | $321.6M | $5.3M | $13.0M |
| 2022 | 1,838 | $275.1M | $5.8M | $11.7M |
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 |
|---|---|---|---|---|
| CHARLES SCHWAB TRUST BANK | NONE | — | $72,074 | $72,074 |
| EPIC RETIREMENT PLAN SERVICES | WHOLLY OWNED SUBSIDIARY | $25,806 | — | $25,806 |
| CHARLES SCHWAB & CO., INC. | NONE | $12,805 | — | $12,805 |
| BONADIO & CO., LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- CHARLES SCHWAB TRUST BANK — NONE
- EPIC RETIREMENT PLAN SERVICES — WHOLLY OWNED SUBSIDIARY
- CHARLES SCHWAB & CO., INC. — NONE
- BONADIO & CO., LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $110,685
- Estimated Expense Ratio: 0.030% 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 | $25,806 | — | — | — | — |
| 2023 | $38,674 | — | — | — | — |
| 2022 | $23,478 | — | — | — | — |