Plan Ledger DOL Form 5500 · updated monthly

Tompkins Trust Company401(k)

TOMPKINS RETIREMENT SAVINGS PLAN · ITHACA, NY · plan year 2024

Reported admin expense ratio · 2024
0.10%

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

Tompkins Trust Company reported $211,099 in plan administrative expenses for 2024: 0.10% of average plan assets, below the peer median. Employer contributions averaged $7,409 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 2 years on file its reported administrative ratio rose from 0.08% to 0.10%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other finance & insurance employers. By assets it is the 430th-largest of 5,648 plans among New York employers on file, and the 548th of 4,798 in finance & insurance. In 2024, employees put in $1.06 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$220,707,841
Participants with balances1,303
Active participants988
Employer contributions$7,319,703
Employee contributions$7,755,196
Employer contribution per active participant$7,409
Average account balance$169,384
Benefits paid to participants$28,529,915
Plan auditUnmodified (clean) audit opinion
AuditorMENGEL, METZGER, BARR & CO.
Plan history3
Yearassets · accounts · employer contribution
2024$220.7M · 1,303 accts · $7.3M emplr
2023$207.1M · 1,323 accts · $7.5M emplr
2022$186.9M · 1,331 accts · $7.3M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$206,277
Total administrative$211,099
The Tompkins Trust Company 401(k) match · 2024
Employer contribution per active participant$7,409
Median for plans this size$3,635
2024$7,409 per active participant
2023$7,503 per active participant
2022$6,958 per active participant

Tompkins Trust Company's 2024 employer contribution ran above the $3,635 median for plans its size, placing it in the top quarter of its peers. 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$206,276
STATE STREET GLOBAL ADVISORS · Other services$10,012

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

Administrative cost history3
2024$211,099 · 0.10%
2023$173,253 · 0.09%
2022$170,611 · 0.08%
All plans at this employer2
TOMPKINS RETIREMENT SAVINGS PLAN401(k)
TOMPKINS FINANCIAL CORPORATION EMPLOYEE STOCK OWNERSHIP PLANESOP
Similar plansFinance & Insurance · New York
Transatlantic Holdings, Inc. NY$233.8M · 0.02%
Schroder US Holdings Inc. NY$220.8M · 0.15%
Unicredit Bank AG, Ny Branch NY$220.2M · 0.01%
Moore Capital Management, LP NY$209.4M · 0.01%

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Source: U.S. Department of Labor, Form 5500 series, EIN 150470650 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.