Plan Snapshot
- Plan Sponsor: Trustco Bank
- Sponsor EIN: 140578631
- Sponsor Address: TRUSTCO CENTER, GLENVILLE, NY, 12302
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 713
- Total Assets: $40.5M
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 | 713 | $40.5M | $0 | $121,777 |
| 2023 | 769 | $35.4M | $0 | $134,830 |
| 2022 | 628 | $30.9M | $0 | $130,307 |
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 |
|---|---|---|---|---|
| GUARDIAN LIFE INSURANCE CO. | Recordkeeper | $20,647 | — | $20,647 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- GUARDIAN LIFE INSURANCE CO. — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $20,647
- Estimated Expense Ratio: 0.051% 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 | $538,071 | — | $20,647 | — | — |
| 2023 | $423,089 | — | $23,940 | — | — |
| 2022 | $310,001 | — | $26,940 | — | — |