Original filing (PDF)20250702125649NAL0012996513001

COMMUNITY FINANCIAL SYSTEM, INC

Name: COMMUNITY FINANCIAL SYSTEM, INC — COMMUNITY FINANCIAL SYSTEM, INC 401K EMPLOYEE STOCK OWNERSHIP PLAN, Form 5500 (2024)
Creator: COMMUNITY FINANCIAL SYSTEM, INC

Form 5500

FILING_RECEIVED

COMMUNITY FINANCIAL SYSTEM, INC 401K EMPLOYEE STOCK OWNERSHIP PLAN

401(k) retirement plan

Signals · 2

20% employer stockNo recordkeeper disclosed

Active participants

2,662

Accounts w/ balance

3,479

Plan assets (EOY)

$474.2M

Net assets (EOY)

$474.2M

How this plan invests

This plan

2 pooled trusts

Schedule D

63 securities

funds · stocks · CUSIPs

Holdings are itemized directly on this plan's Schedule of Assets, below.

Plan health score (directional)

/ 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

Total plan cost

100

Vendor stack

Participation health

100

Knocking points off

20% of plan in employer / sponsor stock.
No recordkeeper disclosed on Schedule C.

Helping the score

Below-peer total fees (2 bps vs 10 bps peer median).

Decision-maker contacts

CFO / Head of HR / Benefits Manager — verified email + LinkedIn for COMMUNITY FINANCIAL SYSTEM, INC.

Plan sponsor

Name

COMMUNITY FINANCIAL SYSTEM, INC

EIN

16-1213679

Address

5790 WIDEWATERS PARKWAY · DEWITT, NY · 132141883

Phone

(315) 991-3692

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

2025-07-02

Pension benefit codes

2E · Profit-sharing

2F · ERISA section 404(c)

2H · Partial participant-directed accounts

2J · 401(k) feature

2K · 401(m) arrangement

2O · ESOP (non-leveraged)

2R · Participant-directed brokerage (SDBA)

2S · Automatic enrollment

2T · Default investment account (QDIA)

3H · Sponsor in controlled / affiliated group

Audit & trust (Schedule H)

Auditor

DANNIBLE & MCKEE, LLP

Trustee / custodian

—

Trustee phone

—

Service providers (Schedule C)

1 rows

Other

Name	EIN	Location	Relation	Direct comp	Indirect comp
BENEFIT PLANS ADMIN SERVICES, INC.	16-1503696	—	SUBSIDIARY	$99K	—

Investments

34 direct securities · 2 pooled funds· $482.4M(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

$347.4M

33 holdings

Common Stocks

$87.8M

1 holding

Common Collective Trust

$47.3M

2 holdings

Investment	Type	Shares / units	Cost	Current value	% of plan
CFSI ESOP Common Stock	Common Stocks	—	$1.4M	$87.8M	18.5%
JPMORGAN LRG CAP GROWTH value of registered investment companies	—	—	$573K	$47.9M	10.1%
VANGUARD INST'L INDEX value of registered investment companies	—	—	$74K	$35.6M	7.5%
HB&T METLIFE STABLE VALUE FUND R0 HAND BENEFITS & TRUST COMPANY · EIN 74-2008758 / PN 044	Common Collective Trust	—	$2.3M	$32.4M	6.8%
VANGUARD TARGET RETIREM'T 2030 value of registered investment companies	—	—	$812K	$30.7M	6.5%
VANGUARD EQUITY INCOME value of registered investment companies	—	—	$245K	$21.6M	4.6%
Vanguard Target Retirement 2035 Mutual fund – 761,871 shares	—	—	$762K	$18.3M	3.9%
VANGUARD TARGET RETIREM'T 2040 value of registered investment companies	—	—	$348K	$15.0M	3.2%
NEUBERGER BERMAN SMALL CAP GROWTH GREAT GRAY TRUST COMPANY, LLC · EIN 38-4139860 / PN 637	Common Collective Trust	—	$1.5M	$14.9M	3.1%
VANGUARD TARGET RETIREM'T 2025 value of registered investment companies	—	—	$766K	$14.3M	3.0%
American Funds EuroPacific Growth Fund Mutual fund – 254,597 shares	—	—	$255K	$13.7M	2.9%
VANGUARD MID-CAP INDEX value of registered investment companies	—	—	$165K	$11.9M	2.5%
T. Rowe Price Mid-Cap Growth Fund I Mutual fund – 118,287 shares	—	—	$118K	$11.8M	2.5%
FEDERATED HERMES TOTAL RETURN BOND value of registered investment companies	—	—	$1.2M	$11.6M	2.4%
Vanguard Small-Cap Index Fund I Mutual fund – 96,839 shares	—	—	$97K	$11.2M	2.4%
Vanguard Target Retirement 2050 Mutual fund – 216,567 shares	—	—	$217K	$10.8M	2.3%
T. Rowe Price Mid-Cap Value Fund I Mutual fund – 311,643 shares	—	—	$312K	$9.9M	2.1%
Vanguard Target Retirement Income Mutual fund – 673,207 shares	—	—	$673K	$8.8M	1.9%
Vanguard Target Retirement 2045 Mutual fund – 277,619 shares	—	—	$278K	$8.2M	1.7%
Vanguard Target Retirement 2020 Mutual fund – 298,343 shares	—	—	$298K	$7.9M	1.7%
Self-Directed Brokerage * Charles Schwab IDA Account Self-directed brokerage	—	—	—	$7.1M	1.5%
Vanguard Target Retirement 2055 Mutual fund – 90,012 shares	—	—	$90K	$5.0M	1.1%
Loan Fund * Participants Participant loans, 3.25% – 9.25%	—	—	—	$4.7M	1.0%
MPL TRADITIONAL LOANS Participant loans	—	—	—	$4.6M	1.0%
VANGUARD TTL BD MKT INDEX value of registered investment companies	—	—	$450K	$4.3M	0.9%
DFA EMERGING MKTS CORE EQUITY value of registered investment companies	—	—	$180K	$4.2M	0.9%
Vanguard Target Retirement 2060 Mutual fund – 80,797 shares	—	—	$81K	$4.1M	0.9%
TRP SPECTRUM MODERATE value of registered investment companies	—	—	$171K	$4.1M	0.9%
registered investment companies	—	—	—	$3.5M	0.7%
party maturity date, rate of interest, collateral, par value or maturity value Mutual Funds Amercent Small Cap Value Mutual fund – 328,233 shares	—	—	$328K	$3.5M	0.7%
TRP SPECTRUM CONSERV value of registered investment companies	—	—	$162K	$3.2M	0.7%
GUGGENHEIM MACRO OPPORTUN value of registered investment companies	—	—	$128K	$3.2M	0.7%
TRP SPECTRUM MOD GRTH value of registered investment companies	—	—	$67K	$2.6M	0.6%
T. ROWE PRICE INFL PROT BOND value of registered investment companies	—	—	$227K	$2.3M	0.5%
DFA REAL ESTATE SECURITIES value of registered investment companies	—	—	$39K	$1.6M	0.3%
EMPLOYEE LOANS Participant loans	—	—	—	$136K	<0.1%