Plan Snapshot
- Plan Sponsor: Watertown Savings Bank
- Sponsor EIN: 150486160
- Sponsor Address: 111 CLINTON STREET, WATERTOWN, NY, 13601
- Plan Type: 401(k)
- Total Participants: 127
- Total Assets: $31.4M
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: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 127 | $31.4M | $909,462 | $628,889 |
| 2023 | 113 | $27.3M | $863,165 | $592,504 |
| 2022 | 107 | $22.6M | $804,125 | $553,427 |
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 | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $1,425 | — | $250 | — | — |
| 2023 | $9,891 | — | $250 | — | — |
| 2022 | $1,260 | — | — | — | — |