# Ulster Savings Bank 401(k) Plan
Source: https://planprovider.pro/companies/ulster-savings-bank-401k-plan

> Ulster Savings Bank's 401(k) plan: 245 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Ulster Savings Bank

- **Sponsor EIN:** 141136850

- **Sponsor Address:** 180 SCHWENK DRIVE, KINGSTON, NY, 12401

- **Plan Type:** 401(k)

- **Total Participants:** 245

- **Total Assets:** $64.4M

## 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|245|$64.4M|$1.3M|$1.7M|

| 2023|265|$60.5M|$1.2M|$1.6M|

| 2022|253|$57.2M|$1.2M|$1.6M|

## 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|

| WOLF & COMPANY P.C.|Auditor|$16,500|—|$16,500|

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $16,500

- **Estimated Expense Ratio:** 0.026% 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|$146,065|$129,565|—|$16,500|—|

| 2023|$137,554|$115,554|—|$22,000|—|

| 2022|$106,941|$92,448|$13,916|—|—|

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