Plan Snapshot
- Plan Sponsor: Orange County Bancorp INC.
- Sponsor EIN: 261135778
- Sponsor Address: 212 DOLSON AVENUE, MIDDLETOWN, NY, 10940
- Plan Type: 401(k)
- Total Participants: 241
- Total Assets: $31.7M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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 | 241 | $31.7M | $1.2M | $1.7M |
| 2023 | 210 | $29.5M | $1.1M | $1.5M |
| 2022 | 186 | $23.6M | $1.0M | $1.2M |
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 |
|---|---|---|---|---|
| PENTEGRA SERVICES, INC. | RECORDKEEPER | $23,356 | — | $23,356 |
| WOLF & COMPANY, P.C. | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $23,356
- Estimated Expense Ratio: 0.074% 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 | $28,845 | — | $28,845 | — | — |
| 2023 | $35,783 | — | $30,113 | — | — |
| 2022 | $35,267 | — | $2,175 | — | $33,092 |