Plan Ledger DOL Form 5500 · updated monthly

Catskill Hudson Bank401(k)

CATSKILL HUDSON BANK 401K PLAN · KINGSTON, NY · plan year 2023

Reported admin expense ratio · 2023
0.02%

Peer grade: A- · admin costs + employer contributions vs same-size plans · how grading works

Catskill Hudson Bank reported $1,458 in plan administrative expenses for 2023: 0.02% of average plan assets, lower than ~75% of peers. Employer contributions averaged $1,691 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 1 year on file its reported administrative ratio rose from 0.01% to 0.02%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other finance & insurance employers. By assets it is among the smaller plans on file in New York (4,062nd of 5,648), and 4,260th of 4,798 in finance & insurance. In 2023, employees put in $2.69 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$7,148,713
Participants with balances87
Active participants78
Employer contributions$131,893
Employee contributions$354,248
Employer contribution per active participant$1,691
Average account balance$82,169
Benefits paid to participants$1,287,384
Plan auditUnmodified (clean) audit opinion
AuditorUHY LLP
Plan history2
Yearassets · accounts · employer contribution
2023$7.1M · 87 accts · $132K emplr
2022$7.0M · 101 accts · $129K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$1,240
Investment management$218
Total administrative$1,458
The Catskill Hudson Bank 401(k) match · 2023
Employer contribution per active participant$1,691
Median for plans this size$1,308
2023$1,691 per active participant
2022$1,480 per active participant

Catskill Hudson Bank's 2023 employer contribution ran above the $1,308 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20231
SENTRY LIFE INSURANCE COMPANY OF NY$1,240

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history2
2023$1,458 · 0.02%
2022$1,174 · 0.01%
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Source: U.S. Department of Labor, Form 5500 series, EIN 141765466 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.