The Adirondack Trust Company Employee Stock Ownership Plan — Form 5500 plan (The Adirondack Trust Company)
Plain-English plan summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, The Adirondack Trust Company Employee Stock Ownership Plan is a benefit plan reported by The Adirondack Trust Company under EIN 14-0458765 and plan number 002. The latest loaded filing year is 2023. The filing reports 569 participants and $71,027,588 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- The Adirondack Trust Company
- EIN
- 14-0458765
- Plan number
- 002
- Plan type
- 2
- Location
- Saratoga Springs, NY
- Latest filing year
- 2023
- Participants
- 569
- End-of-year plan assets
- $71,027,588
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 569 | H, C | 20241015133007NAL0014722339001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $71,027,588
- Total liabilities (EOY)
- $2,360
- Net assets (EOY)
- $71,025,228
- Net assets (BOY)
- $68,166,780
Income & contributions
- Employer contributions
- $2,439,255
- Participant contributions
- $1,084,350
- Total contributions
- $3,710,903
- Total income / additions
- $7,785,207
Expenses & distributions
- Benefits paid
- $4,920,097
- Administrative expenses
- $6,662
- Total expenses
- $4,926,759
- Net increase / (decrease)
- $2,858,448
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Futureplan By Ascensus | NONE | $6,662 | not reported in the loaded dataset | 2023 |