Rhinebeck Bank 401(K) Plan — Form 5500 plan (Rhinebeck Bank)
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, Rhinebeck Bank 401(K) Plan is a benefit plan reported by Rhinebeck Bank under EIN 14-1002430 and plan number 005. The latest loaded filing year is 2023. The filing reports 277 participants and $25,758,740 in end-of-year plan assets, where available in the loaded dataset.
Form 5500 plan profile · 2023
Key reported metrics
Net assets (EOY)$25.8MPlan net assets, end of year$25,758,740
Participants277Covered participants reported
Assets / participant$93KComputed: assets ÷ participants$92,992 (computed)
Provider compensation$59.5K2 Schedule C provider row(s)$59,512
- Plan sponsor
- Rhinebeck Bank
- EIN
- 14-1002430
- Plan number
- 005
- Plan type
- 2
- Location
- Poughkeepsie, NY
- Latest filing year
- 2023
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 277 | H, C | 20240702092644NAL0004808065001 |
Schedule H · 2023
Reported financial statement
Reported figures as filed, in whole dollars. Only fields the filing reports are shown; others are marked not reported.
Reported balance (end of year)$25.8M total assets
Net assets$25.8MLiabilities$0
Full reported line items
Net assets
- Total assets (EOY)
- $25,758,740
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $25,758,740
- Net assets (BOY)
- $21,519,577
Income & contributions
- Employer contributions
- $1,113,010
- Participant contributions
- $1,159,664
- Total contributions
- $2,558,747
- Total income / additions
- $5,863,809
Expenses & distributions
- Benefits paid
- $1,565,215
- Administrative expenses
- $59,431
- Total expenses
- $1,624,646
- Net increase / (decrease)
- $4,239,163
Computed from reported fields
Reported ratios
Derived only from this plan's own reported figures — comparisons within the filing, not benchmarks, estimates, or national averages.
49%51%
Employer 49%Participant 51%
Total expenses ÷ net assets6%Computed ratio
Benefits paid ÷ total income27%Computed ratio
Provider comp. ÷ net assets0%Computed ratio
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $59,512 | $0 | 2023 |
| Wilshire Advisors LLC | INVESTMENT ADVISORY | $0 | $0 | 2023 |