# Trustco Bank Health & Welfare Plan
Source: https://planprovider.pro/companies/trustco-bank-140578631-501

> Trustco Bank's Health & Welfare plan: 713 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Trustco Bank

- **Sponsor EIN:** 140578631

- **Sponsor Address:** TRUSTCO CENTER, GLENVILLE, NY, 12302

- **Plan Type:** Health & Welfare

- **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.](https://planprovider.pro/provider/alight-solutions) — 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|—|—|

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