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Original filing (PDF)20251010102219NAL0012312688001
CORRECTIONAL SECURITY TRUST BENEFIT FUND
Form 5500
FILING_RECEIVED
CORRECTIONAL SECURITY TRUST BENEFIT FUND
Health & welfare plan
Signals · 3
26% in single holding~220 bps in Sched C feesNo recordkeeper disclosed
Active participants
2,906
Accounts w/ balance
—
Plan assets (EOY)
$1.7M
Net assets (EOY)
$1.7M
How this plan invests
This plan
5 securities
funds · stocks · CUSIPs
Holdings are itemized directly on this plan's Schedule of Assets, below.
Plan health score (directional)
87
/ 100
Grade A
Top-tier plan health
Directional indicator computed from public Form 5500 data — compliance, concentration, cost, vendor stack and participation. Not a fiduciary tool.
Compliance & disclosures
100
Concentration risk
87
Total plan cost
65
Vendor stack
80
Participation health
100
Knocking points off
- Top holding "American Funds: The Investment Co. of America A Mutual fund; 7,737 shares" is 26% of plan.
- 220 bps in Schedule C fees — 323% above peer band of 52 bps.
- No recordkeeper disclosed on Schedule C.
Decision-maker contacts
CFO / Head of HR / Benefits Manager — verified email + LinkedIn for CORRECTIONAL SECURITY TRUST BENEFIT FUND.
Plan sponsor
Name
CORRECTIONAL SECURITY TRUST BENEFIT FUND
EIN
14-1742942
Address
P.O. BOX 869 · PLATTSBURGH, NY · 12901
Phone
(518) 561-2937
Industry
Finance & Insurancesee all
Plan administrator
Same as plan sponsor.
Plan characteristics
Plan number
501
Plan year
2024
Plan year begin
2024-01-01
Tax period
2024-12-31
Filed
2025-10-10
Welfare benefit codes
4B · Life Insurance
4C · Supplemental Unemployment
4F · Temporary Disability (accident and sickness)
4L · Death Benefits (other than life insurance)
Audit & trust (Schedule H)
Auditor
BONADIO & CO., LLP
Trustee / custodian
—
Trustee phone
—
Service providers (Schedule C)
3 rowsAccountant / Auditor
1| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| BONADIO & CO., LLP | 16-1131146 | ALBANY, NY | ACCOUNTANT | $16K | — |
Other
2| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| EASTERN TECHNICAL SERVICES INC | 14-1656330 | PLATTSBURGH, NY | EMPLOYEE | $15K | — |
| PINNACLE PROPERTIES, LLC | 06-1766357 | PLATTSBURGH, NY | LANDLORD | $7K | — |
Investments
5 direct securities· $1.7M(100% of reported assets)
| PI | Investment | Type | Shares / units | Cost | Current value | % of plan |
|---|---|---|---|---|---|---|
| American Funds: The Investment Co. of America A Mutual fund; 7,737 shares | — | — | $316K | $446K | 26.1% | |
| American Funds: Washington Mutual Inv. Fund A Mutual fund; 7,036 shares | — | — | $321K | $433K | 25.3% | |
| CERTIFICATES OF DEPOSIT SeaComm Federal Credit Union Five-year CDs; Mature March 2027; Interest rate 1.4% | — | — | $400K | $416K | 24.3% | |
| American Funds: American Balanced Fund A Mutual fund; 9,078 shares | — | — | $243K | $312K | 18.2% | |
| CASH AND CASH EQUIVALENTS: Cash accounts. There are no maturity dates, Dannemora Federal Credit Union interest rates, collateral, or maturity values | — | — | $97K | $97K | 5.7% |