Plan Snapshot
- Plan Sponsor: Pioneer Bank, National Association
- Sponsor EIN: 140970570
- Sponsor Address: 652 ALBANY SHAKER ROAD, ALBANY, NY, 12211
- Plan Type: 401(k)
- Total Participants: 295
- Total Assets: $27.0M
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. |
|---|---|---|---|---|
| 2024 | 295 | $27.0M | $561,801 | $1.6M |
| 2023 | 246 | $23.1M | $502,091 | $1.4M |
| 2022 | 240 | $20.5M | $494,164 | $1.4M |
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 | $20,135 | — | $20,135 |
| EMPOWER LIFE & ANNUITY INSURANCE | Recordkeeper | $16,422 | — | $16,422 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $36,557
- Estimated Expense Ratio: 0.135% 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 | $38,317 | — | $28,937 | — | — |
| 2023 | $43,044 | — | $5,365 | — | — |
| 2022 | $52,498 | — | $15,510 | — | $36,988 |