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Original filing (PDF)20251014141958NAL0004221664001
ADIRONDACK BANK
Form 5500
FILING_RECEIVED
ADIRONDACK BANK 401(K) PLAN
401(k) retirement plan
Signals · 1
~97 bps in Sched C fees
Active participants
191
Accounts w/ balance
247
Plan assets (EOY)
$16.0M
Net assets (EOY)
$16.0M
How this plan invests
This plan
1 pooled trust
Schedule D
35 securities
funds · stocks · CUSIPs
Holdings are itemized directly on this plan's Schedule of Assets, below.
Plan health score (directional)
91
/ 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
100
Total plan cost
65
Vendor stack
100
Participation health
100
Knocking points off
- 97 bps in Schedule C fees — 235% above peer band of 29 bps.
Decision-maker contacts
CFO / Head of HR / Benefits Manager — verified email + LinkedIn for ADIRONDACK BANK.
Plan sponsor
Name
ADIRONDACK BANK
EIN
15-0438700
Address
185 GENESEE STREET, STE. 1100 · UTICA, NY · 13501
Phone
(315) 798-4039
Industry
Finance & Insurancesee all
Plan administrator
Same as plan sponsor.
Plan characteristics
Plan number
002
Plan year
2024
Plan year begin
2024-01-01
Tax period
2024-12-31
Filed
2025-10-14
Pension benefit codes
2A · Age/service weighted or new comparability
2E · Profit-sharing
2F · ERISA section 404(c)
2G · Total participant-directed accounts
2J · 401(k) feature
2K · 401(m) arrangement
2T · Default investment account (QDIA)
3D · Pre-approved plan (master / prototype / VS)
Audit & trust (Schedule H)
Auditor
DERMODY, BURKE & BROWN CPA'S LLC
Trustee / custodian
—
Trustee phone
—
Service providers (Schedule C)
3 rowsRecordkeeper
1| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| EMPOWER LIFE & ANNUITY INSURANCE | — | GREENWOOD VILLAGE, CO | RECORDKEEPER | $77K | — |
Advisor / Consultant
1| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| HAZARD & SIEGEL INC. | 16-0954584 | SYRACUSE, NY | INVESTMENT ADVISOR | $74K | — |
TPA / Administrator
1| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| THE RETIREMENT ADVANTAGE INC | — | PORT WASHINGTON, WI | CONTRACT ADMIN | $5K | — |
Investments
34 direct securities · 1 pooled fund· $16.0M(100% of reported assets)
Rows tagged as a trust or pooled fund hold many underlying securities. Click one to drill into its own Schedule of Assets — where the individual funds, shares, and CUSIPs live.
Uncategorized
$15.5M
34 holdings
Common Collective Trust
$540K
1 holding
| PI | Investment | Type | Shares / units | Cost | Current value | % of plan |
|---|---|---|---|---|---|---|
| MFS Growth Fund Mutual Fund | — | — | — | $2.4M | 15.3% | |
| MM S&P 500 Index Fund Mutual Fund | — | — | — | $2.1M | 13.4% | |
| Oakmark Fund Mutual Fund | — | — | — | $1.3M | 8.0% | |
| T. Rowe Price Retirement 2040 Fund Mutual Fund | — | — | — | $900K | 5.6% | |
| American Funds AMCAP Fund Mutual Fund | — | — | — | $838K | 5.2% | |
| MFS Value Fund Mutual Fund | — | — | — | $725K | 4.5% | |
| AMG Managers Fairpointe MdCp Fund Mutual Fund | — | — | — | $692K | 4.3% | |
| T. Rowe Price Retirement 2045 Fund Mutual Fund | — | — | — | $658K | 4.1% | |
| T. Rowe Price Retirement 2055 Fund Mutual Fund | — | — | — | $646K | 4.0% | |
| MM Mid-Cap Growth Adm Mutual Fund | — | — | — | $621K | 3.9% | |
| GALLIARD STABLE RETURN FUND - T WELLS FARGO BANK, N.A. · EIN 26-0819763 / PN 001 | Common Collective Trust | — | — | $540K | 3.4% | |
| T. Rowe Price Retirement 2030 Fund Mutual Fund | — | — | — | $513K | 3.2% | |
| Harbor Small Cap Growth Fund Mutual Fund | — | — | — | $444K | 2.8% | |
| AmerFunds EuroPacific Growth Fund Mutual Fund | — | — | — | $433K | 2.7% | |
| T. Rowe Price Retirement 2035 Fund Mutual Fund | — | — | — | $423K | 2.6% | |
| Invesco Discovery Fund Mutual Fund | — | — | — | $414K | 2.6% | |
| T. Rowe Price Retirement 2050 Fund Mutual Fund | — | — | — | $328K | 2.0% | |
| T. Rowe Price Retirement 2025 Fund Mutual Fund | — | — | — | $314K | 2.0% | |
| MM Total Ret Bond SVC Mutual Fund | — | — | — | $278K | 1.7% | |
| Vanguard Total Intl Stock Index Admiral Mutual Fund | — | — | — | $266K | 1.7% | |
| Notes Receivable from Participants account in the Plan. -0- | — | — | — | $235K | 1.5% | |
| Vanguard Mid Cap Index Fund Mutual Fund | — | — | — | $191K | 1.2% | |
| Vanguard Small Cap Index Adm Mutual Fund | — | — | — | $123K | 0.8% | |
| American Beacon Large Cap Value Fund Mutual Fund | — | — | — | $97K | 0.6% | |
| Victory Sycamore Sm Co Oppt Fund Mutual Fund | — | — | — | $97K | 0.6% | |
| Invesco Oppenheimer Developing Markets Fund Mutual Fund | — | — | — | $82K | 0.5% | |
| Dodge and Cox Income Fund Mutual Fund | — | — | — | $79K | 0.5% | |
| BlackRock Infl Protectd Bd Fd Mutual Fund | — | — | — | $65K | 0.4% | |
| T. Rowe Price Retirement 2015 Fund Mutual Fund ** 31 T. Rowe Price Retirement 2020 Fund Mutual Fund | — | — | — | $54K | 0.3% | |
| Metropolitan West Total Return Bond Fund Mutual Fund | — | — | — | $35K | 0.2% | |
| Vanguard Short-Term Investment Grade Fund Mutual Fund | — | — | — | $31K | 0.2% | |
| Templeton Global Bond Fund Mutual Fund | — | — | — | $21K | 0.1% | |
| T. Rowe Price Retirement 2010 Fund Mutual Fund | — | — | — | $3K | <0.1% | |
| T. Rowe Price Retirement Balance Fund Mutual Fund | — | — | — | $2K | <0.1% | |
| T. Rowe Price Retirement 2005 Fund Mutual Fund | — | — | — | $1K | <0.1% |
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