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THE ADIRONDACK TRUST COMPANY EMPLOYEE STOCK OWNERSHIP PLAN 401k Plan overview

Plan NameTHE ADIRONDACK TRUST COMPANY EMPLOYEE STOCK OWNERSHIP PLAN
Plan identification number 002

THE ADIRONDACK TRUST COMPANY EMPLOYEE STOCK OWNERSHIP PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
  • Partial participant-directed account plan - Participants have the opportunity to direct the investment of a portion of the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
  • Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
  • ESOP other than a leveraged ESOP - A completed Schedule E must be attached to a Form 5500 filed for an Employee Stock Ownership Plan (ESOP).
  • Leveraged ESOP - An ESOP that acquires employer securities with borrowed money or other debt-financing techniques. A completed Schedule E must be attached to a Form 5500 filed for an ESOP.
  • Participant-directed brokerage accounts provided as an investment option under the plan.
  • Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.

401k Sponsoring company profile

THE ADIRONDACK TRUST COMPANY has sponsored the creation of one or more 401k plans.

Company Name:THE ADIRONDACK TRUST COMPANY
Employer identification number (EIN):140458765
NAIC Classification:522110
NAIC Description:Commercial Banking

Form 5500 Filing Information

Submission information for form 5500 for 401k plan THE ADIRONDACK TRUST COMPANY EMPLOYEE STOCK OWNERSHIP PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022022-01-01JOHN ARNOLD2023-10-12
0022021-01-01JOHN ARNOLD2022-10-12
0022020-01-01JOHN ARNOLD2021-10-11
0022019-01-01JOHN ARNOLD2020-10-13
0022018-01-01JOHN ARNOLD2019-10-14
0022018-01-01JOHN ARNOLD2020-08-12
0022017-01-01JOHN ARNOLD
0022016-01-01JOHN ARNOLD
0022015-01-01JOHN ARNOLD JOHN ARNOLD2016-10-13
0022014-01-01JOHN ARNOLD JOHN ARNOLD2015-07-30
0022013-01-01JOHN ARNOLD JOHN ARNOLD2014-07-29
0022012-01-01JOHN ARNOLD JOHN ARNOLD2013-07-26
0022011-01-01JOHN ARNOLD JOHN ARNOLD2012-07-23
0022009-01-01JOHN ARNOLD JOHN ARNOLD2010-07-29

Plan Statistics for THE ADIRONDACK TRUST COMPANY EMPLOYEE STOCK OWNERSHIP PLAN

401k plan membership statisitcs for THE ADIRONDACK TRUST COMPANY EMPLOYEE STOCK OWNERSHIP PLAN

Measure Date Value
2022: THE ADIRONDACK TRUST COMPANY EMPLOYEE STOCK OWNERSHIP PLAN 2022 401k membership
Total participants, beginning-of-year2022-01-01426
Total number of active participants reported on line 7a of the Form 55002022-01-01240
Number of retired or separated participants receiving benefits2022-01-0196
Number of other retired or separated participants entitled to future benefits2022-01-01213
Total of all active and inactive participants2022-01-01549
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-0111
Total participants2022-01-01560
Number of participants with account balances2022-01-01560
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-0111
2021: THE ADIRONDACK TRUST COMPANY EMPLOYEE STOCK OWNERSHIP PLAN 2021 401k membership
Total participants, beginning-of-year2021-01-01505
Total number of active participants reported on line 7a of the Form 55002021-01-01242
Number of retired or separated participants receiving benefits2021-01-0193
Number of other retired or separated participants entitled to future benefits2021-01-01194
Total of all active and inactive participants2021-01-01529
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-014
Total participants2021-01-01533
Number of participants with account balances2021-01-01528
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-0111
2020: THE ADIRONDACK TRUST COMPANY EMPLOYEE STOCK OWNERSHIP PLAN 2020 401k membership
Total participants, beginning-of-year2020-01-01521
Total number of active participants reported on line 7a of the Form 55002020-01-01245
Number of retired or separated participants receiving benefits2020-01-0187
Number of other retired or separated participants entitled to future benefits2020-01-01115
Total of all active and inactive participants2020-01-01447
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-011
Total participants2020-01-01448
Number of participants with account balances2020-01-01400
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-011
2019: THE ADIRONDACK TRUST COMPANY EMPLOYEE STOCK OWNERSHIP PLAN 2019 401k membership
Total participants, beginning-of-year2019-01-01482
Total number of active participants reported on line 7a of the Form 55002019-01-01242
Number of retired or separated participants receiving benefits2019-01-0112
Number of other retired or separated participants entitled to future benefits2019-01-01251
Total of all active and inactive participants2019-01-01505
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-010
Total participants2019-01-01505
Number of participants with account balances2019-01-01493
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-0135
2018: THE ADIRONDACK TRUST COMPANY EMPLOYEE STOCK OWNERSHIP PLAN 2018 401k membership
Total participants, beginning-of-year2018-01-01481
Total number of active participants reported on line 7a of the Form 55002018-01-01237
Number of retired or separated participants receiving benefits2018-01-0111
Number of other retired or separated participants entitled to future benefits2018-01-01234
Total of all active and inactive participants2018-01-01482
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-01-010
Total participants2018-01-01482
Number of participants with account balances2018-01-01476
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-01-016
2017: THE ADIRONDACK TRUST COMPANY EMPLOYEE STOCK OWNERSHIP PLAN 2017 401k membership
Total participants, beginning-of-year2017-01-01432
Total number of active participants reported on line 7a of the Form 55002017-01-01240
Number of retired or separated participants receiving benefits2017-01-0111
Number of other retired or separated participants entitled to future benefits2017-01-01214
Total of all active and inactive participants2017-01-01465
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-01-010
Total participants2017-01-01465
Number of participants with account balances2017-01-01448
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-01-017
2016: THE ADIRONDACK TRUST COMPANY EMPLOYEE STOCK OWNERSHIP PLAN 2016 401k membership
Total participants, beginning-of-year2016-01-01448
Total number of active participants reported on line 7a of the Form 55002016-01-01246
Number of retired or separated participants receiving benefits2016-01-0180
Number of other retired or separated participants entitled to future benefits2016-01-01102
Total of all active and inactive participants2016-01-01428
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-01-014
Total participants2016-01-01432
Number of participants with account balances2016-01-01432
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-01-010
2015: THE ADIRONDACK TRUST COMPANY EMPLOYEE STOCK OWNERSHIP PLAN 2015 401k membership
Total participants, beginning-of-year2015-01-01433
Total number of active participants reported on line 7a of the Form 55002015-01-01258
Number of retired or separated participants receiving benefits2015-01-017
Number of other retired or separated participants entitled to future benefits2015-01-01164
Total of all active and inactive participants2015-01-01429
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-01-014
Total participants2015-01-01433
Number of participants with account balances2015-01-01423
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-01-015
2014: THE ADIRONDACK TRUST COMPANY EMPLOYEE STOCK OWNERSHIP PLAN 2014 401k membership
Total participants, beginning-of-year2014-01-01418
Total number of active participants reported on line 7a of the Form 55002014-01-01261
Number of retired or separated participants receiving benefits2014-01-017
Number of other retired or separated participants entitled to future benefits2014-01-01162
Total of all active and inactive participants2014-01-01430
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-01-013
Total participants2014-01-01433
Number of participants with account balances2014-01-01417
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-01-0111
2013: THE ADIRONDACK TRUST COMPANY EMPLOYEE STOCK OWNERSHIP PLAN 2013 401k membership
Total participants, beginning-of-year2013-01-01399
Total number of active participants reported on line 7a of the Form 55002013-01-01270
Number of retired or separated participants receiving benefits2013-01-017
Number of other retired or separated participants entitled to future benefits2013-01-01138
Total of all active and inactive participants2013-01-01415
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2013-01-013
Total participants2013-01-01418
Number of participants with account balances2013-01-01402
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2013-01-012
2012: THE ADIRONDACK TRUST COMPANY EMPLOYEE STOCK OWNERSHIP PLAN 2012 401k membership
Total participants, beginning-of-year2012-01-01378
Total number of active participants reported on line 7a of the Form 55002012-01-01256
Number of retired or separated participants receiving benefits2012-01-016
Number of other retired or separated participants entitled to future benefits2012-01-01136
Total of all active and inactive participants2012-01-01398
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-01-011
Total participants2012-01-01399
Number of participants with account balances2012-01-01380
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-01-016
2011: THE ADIRONDACK TRUST COMPANY EMPLOYEE STOCK OWNERSHIP PLAN 2011 401k membership
Total participants, beginning-of-year2011-01-01367
Total number of active participants reported on line 7a of the Form 55002011-01-01256
Number of retired or separated participants receiving benefits2011-01-017
Number of other retired or separated participants entitled to future benefits2011-01-01115
Total of all active and inactive participants2011-01-01378
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-01-010
Total participants2011-01-01378
Number of participants with account balances2011-01-01360
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-015
2009: THE ADIRONDACK TRUST COMPANY EMPLOYEE STOCK OWNERSHIP PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-01280
Total number of active participants reported on line 7a of the Form 55002009-01-01215
Number of retired or separated participants receiving benefits2009-01-015
Number of other retired or separated participants entitled to future benefits2009-01-0185
Total of all active and inactive participants2009-01-01305
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-010
Total participants2009-01-01305
Number of participants with account balances2009-01-01302
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-015

Financial Data on THE ADIRONDACK TRUST COMPANY EMPLOYEE STOCK OWNERSHIP PLAN

Measure Date Value
2022 : THE ADIRONDACK TRUST COMPANY EMPLOYEE STOCK OWNERSHIP PLAN 2022 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2022-12-31$-2,050,048
Total unrealized appreciation/depreciation of assets2022-12-31$-2,050,048
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$3,496
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$1,791
Expenses. Interest paid2022-12-31$0
Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-1022022-12-31$0
Total income from all sources (including contributions)2022-12-31$-373,537
Total loss/gain on sale of assets2022-12-31$0
Total of all expenses incurred2022-12-31$2,549,451
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-12-31$2,542,358
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-12-31$3,631,880
Value of total assets at end of year2022-12-31$68,170,276
Value of total assets at beginning of year2022-12-31$71,091,559
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-12-31$7,093
Total interest from all sources2022-12-31$18,389
Total dividends received (eg from common stock, registered investment company shares)2022-12-31$2,141,577
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2022-12-31$998,964
Was this plan covered by a fidelity bond2022-12-31Yes
Value of fidelity bond cover2022-12-31$1,000,000
If this is an individual account plan, was there a blackout period2022-12-31No
Were there any nonexempt tranactions with any party-in-interest2022-12-31No
Contributions received from participants2022-12-31$1,004,589
Participant contributions at end of year2022-12-31$285,370
Participant contributions at beginning of year2022-12-31$223,144
Income. Received or receivable in cash from other sources (including rollovers)2022-12-31$230,384
Value of other receiveables (less allowance for doubtful accounts) at end of year2022-12-31$31,005
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2022-12-31$22,162
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2022-12-31$3,496
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2022-12-31$1,791
Administrative expenses (other) incurred2022-12-31$7,093
Total non interest bearing cash at end of year2022-12-31$23,755
Total non interest bearing cash at beginning of year2022-12-31$516
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Income. Non cash contributions2022-12-31$0
Value of net income/loss2022-12-31$-2,922,988
Value of net assets at end of year (total assets less liabilities)2022-12-31$68,166,780
Value of net assets at beginning of year (total assets less liabilities)2022-12-31$71,089,768
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2022-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2022-12-31No
Were any leases to which the plan was party in default or uncollectible2022-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2022-12-31$17,342,431
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2022-12-31$19,318,493
Interest on participant loans2022-12-31$14,663
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2022-12-31$3,989,923
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2022-12-31$3,209,989
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2022-12-31$3,209,989
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2022-12-31$3,726
Net investment gain/loss from registered investment companies (e.g. mutual funds)2022-12-31$-4,115,335
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2022-12-31No
Was there a failure to transmit to the plan any participant contributions2022-12-31No
Has the plan failed to provide any benefit when due under the plan2022-12-31No
Assets. Invements in employer securities at end of year2022-12-31$46,497,792
Assets. Invements in employer securities at beginning of year2022-12-31$48,317,255
Contributions received in cash from employer2022-12-31$2,396,907
Income. Dividends from common stock2022-12-31$1,142,613
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-12-31$2,542,358
Did the plan have assets held for investment2022-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2022-12-31No
Opinion of an independent qualified public accountant for this plan2022-12-31Unqualified
Accountancy firm name2022-12-31UHY LLP
Accountancy firm EIN2022-12-31200694403
2021 : THE ADIRONDACK TRUST COMPANY EMPLOYEE STOCK OWNERSHIP PLAN 2021 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2021-12-31$8,627,163
Total unrealized appreciation/depreciation of assets2021-12-31$8,627,163
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-31$1,791
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-31$343,503
Total income from all sources (including contributions)2021-12-31$14,825,823
Total loss/gain on sale of assets2021-12-31$0
Total of all expenses incurred2021-12-31$2,627,494
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2021-12-31$2,622,619
Total contributions o plan (from employers,participants, others, non cash contrinutions)2021-12-31$3,970,196
Value of total assets at end of year2021-12-31$71,091,559
Value of total assets at beginning of year2021-12-31$59,234,942
Total of administrative expenses incurred including professional, contract, advisory and management fees2021-12-31$4,875
Total interest from all sources2021-12-31$19,997
Total dividends received (eg from common stock, registered investment company shares)2021-12-31$2,208,467
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2021-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2021-12-31$1,091,036
Was this plan covered by a fidelity bond2021-12-31Yes
Value of fidelity bond cover2021-12-31$1,000,000
If this is an individual account plan, was there a blackout period2021-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2021-12-31$0
Were there any nonexempt tranactions with any party-in-interest2021-12-31No
Contributions received from participants2021-12-31$965,168
Participant contributions at end of year2021-12-31$223,144
Participant contributions at beginning of year2021-12-31$240,922
Income. Received or receivable in cash from other sources (including rollovers)2021-12-31$611,141
Value of other receiveables (less allowance for doubtful accounts) at end of year2021-12-31$22,162
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2021-12-31$364,144
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2021-12-31$1,791
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2021-12-31$343,503
Administrative expenses (other) incurred2021-12-31$20
Total non interest bearing cash at end of year2021-12-31$516
Total non interest bearing cash at beginning of year2021-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Value of net income/loss2021-12-31$12,198,329
Value of net assets at end of year (total assets less liabilities)2021-12-31$71,089,768
Value of net assets at beginning of year (total assets less liabilities)2021-12-31$58,891,439
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2021-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2021-12-31No
Were any leases to which the plan was party in default or uncollectible2021-12-31No
Investment advisory and management fees2021-12-31$4,855
Value of interest in registered invesment companies (eg mutual funds) at end of year2021-12-31$19,318,493
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2021-12-31$14,845,765
Interest on participant loans2021-12-31$15,259
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2021-12-31$3,209,989
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2021-12-31$2,634,351
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2021-12-31$2,634,351
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2021-12-31$4,738
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2021-12-31No
Was there a failure to transmit to the plan any participant contributions2021-12-31No
Has the plan failed to provide any benefit when due under the plan2021-12-31No
Assets. Invements in employer securities at end of year2021-12-31$48,317,255
Assets. Invements in employer securities at beginning of year2021-12-31$41,149,760
Contributions received in cash from employer2021-12-31$2,393,887
Income. Dividends from common stock2021-12-31$1,117,431
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2021-12-31$2,622,619
Did the plan have assets held for investment2021-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2021-12-31No
Opinion of an independent qualified public accountant for this plan2021-12-31Unqualified
Accountancy firm name2021-12-31UHY LLP
Accountancy firm EIN2021-12-31200694403
2020 : THE ADIRONDACK TRUST COMPANY EMPLOYEE STOCK OWNERSHIP PLAN 2020 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2020-12-31$-3,643,583
Total unrealized appreciation/depreciation of assets2020-12-31$-3,643,583
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2020-12-31$343,503
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2020-12-31$335,505
Total income from all sources (including contributions)2020-12-31$1,428,612
Total loss/gain on sale of assets2020-12-31$0
Total of all expenses incurred2020-12-31$2,228,466
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2020-12-31$2,223,132
Total contributions o plan (from employers,participants, others, non cash contrinutions)2020-12-31$3,312,345
Value of total assets at end of year2020-12-31$59,234,942
Value of total assets at beginning of year2020-12-31$60,026,798
Total of administrative expenses incurred including professional, contract, advisory and management fees2020-12-31$5,334
Total interest from all sources2020-12-31$19,726
Total dividends received (eg from common stock, registered investment company shares)2020-12-31$1,740,124
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2020-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2020-12-31$636,341
Was this plan covered by a fidelity bond2020-12-31Yes
Value of fidelity bond cover2020-12-31$10,000,000
If this is an individual account plan, was there a blackout period2020-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2020-12-31$0
Were there any nonexempt tranactions with any party-in-interest2020-12-31No
Contributions received from participants2020-12-31$966,852
Participant contributions at end of year2020-12-31$240,922
Participant contributions at beginning of year2020-12-31$224,018
Value of other receiveables (less allowance for doubtful accounts) at end of year2020-12-31$364,144
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2020-12-31$335,938
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2020-12-31$343,503
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2020-12-31$335,505
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Value of net income/loss2020-12-31$-799,854
Value of net assets at end of year (total assets less liabilities)2020-12-31$58,891,439
Value of net assets at beginning of year (total assets less liabilities)2020-12-31$59,691,293
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2020-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2020-12-31No
Were any leases to which the plan was party in default or uncollectible2020-12-31No
Investment advisory and management fees2020-12-31$5,334
Value of interest in registered invesment companies (eg mutual funds) at end of year2020-12-31$14,845,765
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2020-12-31$12,194,710
Income. Interest from loans (other than to participants)2020-12-31$15,470
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2020-12-31$2,634,351
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2020-12-31$1,794,722
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2020-12-31$1,794,722
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2020-12-31$4,256
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2020-12-31No
Was there a failure to transmit to the plan any participant contributions2020-12-31No
Has the plan failed to provide any benefit when due under the plan2020-12-31No
Assets. Invements in employer securities at end of year2020-12-31$41,149,760
Assets. Invements in employer securities at beginning of year2020-12-31$45,477,410
Contributions received in cash from employer2020-12-31$2,345,493
Income. Dividends from common stock2020-12-31$1,103,783
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2020-12-31$2,223,132
Did the plan have assets held for investment2020-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2020-12-31No
Opinion of an independent qualified public accountant for this plan2020-12-31Qualified
Accountancy firm name2020-12-31UHY LLP
Accountancy firm EIN2020-12-31200694403
2019 : THE ADIRONDACK TRUST COMPANY EMPLOYEE STOCK OWNERSHIP PLAN 2019 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2019-12-31$5,492,853
Unrealized appreciation/depreciation of other (non real estate) assets2019-12-31$5,492,853
Total unrealized appreciation/depreciation of assets2019-12-31$5,492,853
Total unrealized appreciation/depreciation of assets2019-12-31$5,492,853
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$335,505
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$335,505
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$334,845
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$334,845
Total income from all sources (including contributions)2019-12-31$10,427,714
Total income from all sources (including contributions)2019-12-31$10,427,714
Total loss/gain on sale of assets2019-12-31$0
Total loss/gain on sale of assets2019-12-31$0
Total of all expenses incurred2019-12-31$3,054,461
Total of all expenses incurred2019-12-31$3,054,461
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-12-31$3,049,243
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-12-31$3,049,243
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-12-31$3,382,610
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-12-31$3,382,610
Value of total assets at end of year2019-12-31$60,026,798
Value of total assets at end of year2019-12-31$60,026,798
Value of total assets at beginning of year2019-12-31$52,652,885
Value of total assets at beginning of year2019-12-31$52,652,885
Total of administrative expenses incurred including professional, contract, advisory and management fees2019-12-31$5,218
Total of administrative expenses incurred including professional, contract, advisory and management fees2019-12-31$5,218
Total interest from all sources2019-12-31$16,974
Total dividends received (eg from common stock, registered investment company shares)2019-12-31$1,535,277
Total dividends received (eg from common stock, registered investment company shares)2019-12-31$1,535,277
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2019-12-31No
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2019-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2019-12-31$435,733
Total dividends received from registered investment company shares (eg mutual funds)2019-12-31$435,733
Was this plan covered by a fidelity bond2019-12-31Yes
Was this plan covered by a fidelity bond2019-12-31Yes
Value of fidelity bond cover2019-12-31$10,000,000
Value of fidelity bond cover2019-12-31$10,000,000
If this is an individual account plan, was there a blackout period2019-12-31No
If this is an individual account plan, was there a blackout period2019-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2019-12-31$0
Were there any nonexempt tranactions with any party-in-interest2019-12-31No
Were there any nonexempt tranactions with any party-in-interest2019-12-31No
Contributions received from participants2019-12-31$902,496
Contributions received from participants2019-12-31$902,496
Participant contributions at end of year2019-12-31$224,018
Participant contributions at end of year2019-12-31$224,018
Participant contributions at beginning of year2019-12-31$182,889
Participant contributions at beginning of year2019-12-31$182,889
Income. Received or receivable in cash from other sources (including rollovers)2019-12-31$173,446
Income. Received or receivable in cash from other sources (including rollovers)2019-12-31$173,446
Value of other receiveables (less allowance for doubtful accounts) at end of year2019-12-31$335,938
Value of other receiveables (less allowance for doubtful accounts) at end of year2019-12-31$335,938
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2019-12-31$333,524
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2019-12-31$333,524
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2019-12-31$335,505
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2019-12-31$335,505
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2019-12-31$334,845
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2019-12-31$334,845
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Value of net income/loss2019-12-31$7,373,253
Value of net income/loss2019-12-31$7,373,253
Value of net assets at end of year (total assets less liabilities)2019-12-31$59,691,293
Value of net assets at end of year (total assets less liabilities)2019-12-31$59,691,293
Value of net assets at beginning of year (total assets less liabilities)2019-12-31$52,318,040
Value of net assets at beginning of year (total assets less liabilities)2019-12-31$52,318,040
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2019-12-31No
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2019-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2019-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2019-12-31No
Were any leases to which the plan was party in default or uncollectible2019-12-31No
Were any leases to which the plan was party in default or uncollectible2019-12-31No
Investment advisory and management fees2019-12-31$5,218
Investment advisory and management fees2019-12-31$5,218
Value of interest in registered invesment companies (eg mutual funds) at end of year2019-12-31$12,194,710
Value of interest in registered invesment companies (eg mutual funds) at end of year2019-12-31$12,194,710
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2019-12-31$9,383,221
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2019-12-31$9,383,221
Income. Interest from loans (other than to participants)2019-12-31$13,683
Income. Interest from loans (other than to participants)2019-12-31$13,683
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2019-12-31$1,794,722
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2019-12-31$1,794,722
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2019-12-31$1,175,141
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2019-12-31$1,175,141
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2019-12-31$1,175,141
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2019-12-31$1,175,141
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2019-12-31$3,291
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2019-12-31$3,291
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2019-12-31No
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2019-12-31No
Was there a failure to transmit to the plan any participant contributions2019-12-31No
Was there a failure to transmit to the plan any participant contributions2019-12-31No
Has the plan failed to provide any benefit when due under the plan2019-12-31No
Has the plan failed to provide any benefit when due under the plan2019-12-31No
Assets. Invements in employer securities at end of year2019-12-31$45,477,410
Assets. Invements in employer securities at end of year2019-12-31$45,477,410
Assets. Invements in employer securities at beginning of year2019-12-31$41,578,110
Contributions received in cash from employer2019-12-31$2,306,668
Contributions received in cash from employer2019-12-31$2,306,668
Income. Dividends from common stock2019-12-31$1,099,544
Income. Dividends from common stock2019-12-31$1,099,544
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-12-31$3,049,243
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-12-31$3,049,243
Did the plan have assets held for investment2019-12-31Yes
Did the plan have assets held for investment2019-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2019-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2019-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2019-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2019-12-31No
Opinion of an independent qualified public accountant for this plan2019-12-31Unqualified
Opinion of an independent qualified public accountant for this plan2019-12-31Unqualified
Accountancy firm name2019-12-31UHY LLP
Accountancy firm name2019-12-31UHY LLP
Accountancy firm EIN2019-12-31200694403
Accountancy firm EIN2019-12-31200694403
2018 : THE ADIRONDACK TRUST COMPANY EMPLOYEE STOCK OWNERSHIP PLAN 2018 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2018-12-31$-524,862
Total unrealized appreciation/depreciation of assets2018-12-31$-524,862
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2018-12-31$334,845
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2018-12-31$327,875
Total income from all sources (including contributions)2018-12-31$4,762,261
Total loss/gain on sale of assets2018-12-31$0
Total of all expenses incurred2018-12-31$2,977,144
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2018-12-31$2,971,309
Total contributions o plan (from employers,participants, others, non cash contrinutions)2018-12-31$3,600,508
Value of total assets at end of year2018-12-31$52,652,885
Value of total assets at beginning of year2018-12-31$50,860,798
Total of administrative expenses incurred including professional, contract, advisory and management fees2018-12-31$5,835
Total interest from all sources2018-12-31$10,537
Total dividends received (eg from common stock, registered investment company shares)2018-12-31$1,676,078
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2018-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2018-12-31$591,761
Was this plan covered by a fidelity bond2018-12-31Yes
Value of fidelity bond cover2018-12-31$10,000,000
If this is an individual account plan, was there a blackout period2018-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2018-12-31$0
Were there any nonexempt tranactions with any party-in-interest2018-12-31No
Contributions received from participants2018-12-31$884,338
Participant contributions at end of year2018-12-31$182,889
Participant contributions at beginning of year2018-12-31$79,252
Income. Received or receivable in cash from other sources (including rollovers)2018-12-31$433,682
Value of other receiveables (less allowance for doubtful accounts) at end of year2018-12-31$333,524
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2018-12-31$327,524
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2018-12-31$334,845
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2018-12-31$327,875
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Value of net income/loss2018-12-31$1,785,117
Value of net assets at end of year (total assets less liabilities)2018-12-31$52,318,040
Value of net assets at beginning of year (total assets less liabilities)2018-12-31$50,532,923
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2018-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2018-12-31No
Were any leases to which the plan was party in default or uncollectible2018-12-31No
Investment advisory and management fees2018-12-31$5,835
Value of interest in registered invesment companies (eg mutual funds) at end of year2018-12-31$9,383,221
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2018-12-31$8,430,455
Interest on participant loans2018-12-31$7,572
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2018-12-31$1,175,141
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2018-12-31$1,133,047
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2018-12-31$1,133,047
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2018-12-31$2,965
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2018-12-31No
Was there a failure to transmit to the plan any participant contributions2018-12-31No
Has the plan failed to provide any benefit when due under the plan2018-12-31No
Assets. Invements in employer securities at end of year2018-12-31$41,578,110
Assets. Invements in employer securities at beginning of year2018-12-31$40,890,520
Contributions received in cash from employer2018-12-31$2,282,488
Income. Dividends from common stock2018-12-31$1,084,317
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2018-12-31$2,971,309
Did the plan have assets held for investment2018-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2018-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2018-12-31No
Opinion of an independent qualified public accountant for this plan2018-12-31Unqualified
Accountancy firm name2018-12-31FLYNN, WALKER, DIGGIN, P.C.
Accountancy firm EIN2018-12-31141751323
2017 : THE ADIRONDACK TRUST COMPANY EMPLOYEE STOCK OWNERSHIP PLAN 2017 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2017-12-31$1,324,136
Total unrealized appreciation/depreciation of assets2017-12-31$1,324,136
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2017-12-31$327,875
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2017-12-31$320,714
Total income from all sources (including contributions)2017-12-31$4,876,888
Total loss/gain on sale of assets2017-12-31$0
Total of all expenses incurred2017-12-31$2,341,574
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2017-12-31$2,334,347
Total contributions o plan (from employers,participants, others, non cash contrinutions)2017-12-31$2,108,428
Value of total assets at end of year2017-12-31$50,860,798
Value of total assets at beginning of year2017-12-31$48,318,323
Total of administrative expenses incurred including professional, contract, advisory and management fees2017-12-31$7,227
Total interest from all sources2017-12-31$8,388
Total dividends received (eg from common stock, registered investment company shares)2017-12-31$1,435,936
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2017-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2017-12-31$362,412
Was this plan covered by a fidelity bond2017-12-31Yes
Value of fidelity bond cover2017-12-31$10,000,000
If this is an individual account plan, was there a blackout period2017-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2017-12-31$0
Were there any nonexempt tranactions with any party-in-interest2017-12-31No
Contributions received from participants2017-12-31$768,398
Participant contributions at end of year2017-12-31$79,252
Participant contributions at beginning of year2017-12-31$102,970
Income. Received or receivable in cash from other sources (including rollovers)2017-12-31$84,852
Value of other receiveables (less allowance for doubtful accounts) at end of year2017-12-31$327,524
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2017-12-31$321,037
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2017-12-31$327,875
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2017-12-31$320,714
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2017-12-31No
Value of net income/loss2017-12-31$2,535,314
Value of net assets at end of year (total assets less liabilities)2017-12-31$50,532,923
Value of net assets at beginning of year (total assets less liabilities)2017-12-31$47,997,609
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2017-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2017-12-31No
Were any leases to which the plan was party in default or uncollectible2017-12-31No
Investment advisory and management fees2017-12-31$7,227
Value of interest in registered invesment companies (eg mutual funds) at end of year2017-12-31$8,430,455
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2017-12-31$6,316,491
Interest on participant loans2017-12-31$5,131
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2017-12-31$1,133,047
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2017-12-31$1,584,235
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2017-12-31$1,584,235
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2017-12-31$3,257
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2017-12-31No
Was there a failure to transmit to the plan any participant contributions2017-12-31No
Has the plan failed to provide any benefit when due under the plan2017-12-31No
Assets. Invements in employer securities at end of year2017-12-31$40,890,520
Assets. Invements in employer securities at beginning of year2017-12-31$39,993,590
Contributions received in cash from employer2017-12-31$1,255,178
Income. Dividends from common stock2017-12-31$1,073,524
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2017-12-31$2,334,347
Did the plan have assets held for investment2017-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2017-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2017-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2017-12-31No
Opinion of an independent qualified public accountant for this plan2017-12-31Unqualified
Accountancy firm name2017-12-31FLYNN, WALKER, DIGGIN, P.C.
Accountancy firm EIN2017-12-31141751323
2016 : THE ADIRONDACK TRUST COMPANY EMPLOYEE STOCK OWNERSHIP PLAN 2016 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2016-12-31$4,760,719
Total unrealized appreciation/depreciation of assets2016-12-31$4,760,719
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2016-12-31$320,714
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2016-12-31$1,185,640
Expenses. Interest paid2016-12-31$42,336
Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-1022016-12-31$42,336
Total income from all sources (including contributions)2016-12-31$8,283,535
Total loss/gain on sale of assets2016-12-31$0
Total of all expenses incurred2016-12-31$1,871,360
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2016-12-31$1,825,352
Total contributions o plan (from employers,participants, others, non cash contrinutions)2016-12-31$2,249,936
Value of total assets at end of year2016-12-31$48,318,323
Value of total assets at beginning of year2016-12-31$42,771,074
Total of administrative expenses incurred including professional, contract, advisory and management fees2016-12-31$3,672
Total interest from all sources2016-12-31$9,969
Total dividends received (eg from common stock, registered investment company shares)2016-12-31$1,262,911
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2016-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2016-12-31$199,032
Was this plan covered by a fidelity bond2016-12-31Yes
Value of fidelity bond cover2016-12-31$10,000,000
If this is an individual account plan, was there a blackout period2016-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2016-12-31$0
Were there any nonexempt tranactions with any party-in-interest2016-12-31No
Contributions received from participants2016-12-31$654,091
Participant contributions at end of year2016-12-31$102,970
Participant contributions at beginning of year2016-12-31$102,712
Income. Received or receivable in cash from other sources (including rollovers)2016-12-31$130,637
Value of other receiveables (less allowance for doubtful accounts) at end of year2016-12-31$321,037
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2016-12-31$371
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2016-12-31$320,714
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2016-12-31$1,185,640
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2016-12-31No
Value of net income/loss2016-12-31$6,412,175
Value of net assets at end of year (total assets less liabilities)2016-12-31$47,997,609
Value of net assets at beginning of year (total assets less liabilities)2016-12-31$41,585,434
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2016-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2016-12-31No
Were any leases to which the plan was party in default or uncollectible2016-12-31No
Investment advisory and management fees2016-12-31$3,672
Value of interest in registered invesment companies (eg mutual funds) at end of year2016-12-31$6,316,491
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2016-12-31$5,053,486
Interest on participant loans2016-12-31$4,784
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2016-12-31$1,584,235
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2016-12-31$2,538,266
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2016-12-31$2,538,266
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2016-12-31$5,185
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2016-12-31No
Was there a failure to transmit to the plan any participant contributions2016-12-31No
Has the plan failed to provide any benefit when due under the plan2016-12-31No
Assets. Invements in employer securities at end of year2016-12-31$39,993,590
Assets. Invements in employer securities at beginning of year2016-12-31$35,076,239
Contributions received in cash from employer2016-12-31$1,465,208
Income. Dividends from common stock2016-12-31$1,063,879
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2016-12-31$1,825,352
Did the plan have assets held for investment2016-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2016-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2016-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2016-12-31No
Opinion of an independent qualified public accountant for this plan2016-12-31Unqualified
Accountancy firm name2016-12-31FLYNN, WALKER, DIGGIN, P.C.
Accountancy firm EIN2016-12-31141751323
2015 : THE ADIRONDACK TRUST COMPANY EMPLOYEE STOCK OWNERSHIP PLAN 2015 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2015-12-31$-1,200,256
Total unrealized appreciation/depreciation of assets2015-12-31$-1,200,256
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2015-12-31$1,185,640
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2015-12-31$1,438,343
Expenses. Interest paid2015-12-31$53,629
Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-1022015-12-31$53,629
Total income from all sources (including contributions)2015-12-31$2,014,003
Total loss/gain on sale of assets2015-12-31$-2,563
Total of all expenses incurred2015-12-31$1,989,403
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2015-12-31$1,935,149
Total contributions o plan (from employers,participants, others, non cash contrinutions)2015-12-31$2,130,100
Value of total assets at end of year2015-12-31$42,771,074
Value of total assets at beginning of year2015-12-31$42,999,177
Total of administrative expenses incurred including professional, contract, advisory and management fees2015-12-31$625
Total interest from all sources2015-12-31$7,507
Total dividends received (eg from common stock, registered investment company shares)2015-12-31$1,296,911
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2015-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2015-12-31$261,243
Administrative expenses professional fees incurred2015-12-31$625
Was this plan covered by a fidelity bond2015-12-31Yes
Value of fidelity bond cover2015-12-31$10,000,000
If this is an individual account plan, was there a blackout period2015-12-31No
Were there any nonexempt tranactions with any party-in-interest2015-12-31No
Contributions received from participants2015-12-31$611,265
Participant contributions at end of year2015-12-31$102,712
Participant contributions at beginning of year2015-12-31$70,290
Income. Received or receivable in cash from other sources (including rollovers)2015-12-31$138,676
Value of other receiveables (less allowance for doubtful accounts) at end of year2015-12-31$371
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2015-12-31$450
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2015-12-31$1,185,640
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2015-12-31$1,437,320
Liabilities. Value of operating payables at beginning of year2015-12-31$375
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2015-12-31No
Value of net income/loss2015-12-31$24,600
Value of net assets at end of year (total assets less liabilities)2015-12-31$41,585,434
Value of net assets at beginning of year (total assets less liabilities)2015-12-31$41,560,834
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2015-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2015-12-31No
Were any leases to which the plan was party in default or uncollectible2015-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2015-12-31$5,053,486
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2015-12-31$4,992,052
Interest on participant loans2015-12-31$3,513
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2015-12-31$2,538,266
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2015-12-31$1,798,985
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2015-12-31$1,798,985
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2015-12-31$3,994
Net investment gain/loss from registered investment companies (e.g. mutual funds)2015-12-31$-217,696
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2015-12-31No
Was there a failure to transmit to the plan any participant contributions2015-12-31No
Has the plan failed to provide any benefit when due under the plan2015-12-31No
Assets. Invements in employer securities at end of year2015-12-31$35,076,239
Assets. Invements in employer securities at beginning of year2015-12-31$36,137,400
Contributions received in cash from employer2015-12-31$1,380,159
Income. Dividends from common stock2015-12-31$1,035,668
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2015-12-31$1,935,149
Liabilities. Value of benefit claims payable at beginning of year2015-12-31$648
Did the plan have assets held for investment2015-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2015-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2015-12-31No
Aggregate proceeds on sale of assets2015-12-31$1,616,854
Aggregate carrying amount (costs) on sale of assets2015-12-31$1,619,417
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2015-12-31No
Opinion of an independent qualified public accountant for this plan2015-12-31Unqualified
Accountancy firm name2015-12-31FLYNN, WALKER, DIGGIN, P.C.
Accountancy firm EIN2015-12-31141751323
2014 : THE ADIRONDACK TRUST COMPANY EMPLOYEE STOCK OWNERSHIP PLAN 2014 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2014-12-31$-1,593,330
Total unrealized appreciation/depreciation of assets2014-12-31$-1,593,330
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2014-12-31$1,438,343
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2014-12-31$1,959,180
Expenses. Interest paid2014-12-31$73,207
Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-1022014-12-31$73,207
Total income from all sources (including contributions)2014-12-31$1,765,634
Total loss/gain on sale of assets2014-12-31$89,055
Total of all expenses incurred2014-12-31$1,174,363
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2014-12-31$1,100,735
Total contributions o plan (from employers,participants, others, non cash contrinutions)2014-12-31$1,954,223
Value of total assets at end of year2014-12-31$42,999,177
Value of total assets at beginning of year2014-12-31$42,928,743
Total of administrative expenses incurred including professional, contract, advisory and management fees2014-12-31$421
Total interest from all sources2014-12-31$5,762
Total dividends received (eg from common stock, registered investment company shares)2014-12-31$1,331,638
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2014-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2014-12-31$300,965
Administrative expenses professional fees incurred2014-12-31$421
Was this plan covered by a fidelity bond2014-12-31Yes
Value of fidelity bond cover2014-12-31$10,000,000
If this is an individual account plan, was there a blackout period2014-12-31No
Were there any nonexempt tranactions with any party-in-interest2014-12-31No
Contributions received from participants2014-12-31$590,830
Participant contributions at end of year2014-12-31$70,290
Participant contributions at beginning of year2014-12-31$50,934
Income. Received or receivable in cash from other sources (including rollovers)2014-12-31$211,959
Value of other receiveables (less allowance for doubtful accounts) at end of year2014-12-31$450
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2014-12-31$2,588
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2014-12-31$1,437,320
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2014-12-31$1,958,804
Liabilities. Value of operating payables at end of year2014-12-31$375
Liabilities. Value of operating payables at beginning of year2014-12-31$376
Total non interest bearing cash at beginning of year2014-12-31$23,873
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2014-12-31No
Value of net income/loss2014-12-31$591,271
Value of net assets at end of year (total assets less liabilities)2014-12-31$41,560,834
Value of net assets at beginning of year (total assets less liabilities)2014-12-31$40,969,563
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2014-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2014-12-31No
Were any leases to which the plan was party in default or uncollectible2014-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2014-12-31$4,992,052
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2014-12-31$3,819,193
Interest on participant loans2014-12-31$1,769
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2014-12-31$1,798,985
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2014-12-31$1,550,635
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2014-12-31$1,550,635
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2014-12-31$3,993
Net investment gain/loss from registered investment companies (e.g. mutual funds)2014-12-31$-21,714
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2014-12-31No
Was there a failure to transmit to the plan any participant contributions2014-12-31No
Has the plan failed to provide any benefit when due under the plan2014-12-31No
Assets. Invements in employer securities at end of year2014-12-31$36,137,400
Assets. Invements in employer securities at beginning of year2014-12-31$37,481,520
Contributions received in cash from employer2014-12-31$1,151,434
Income. Dividends from common stock2014-12-31$1,030,673
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2014-12-31$1,100,735
Liabilities. Value of benefit claims payable at end of year2014-12-31$648
Did the plan have assets held for investment2014-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2014-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2014-12-31No
Aggregate proceeds on sale of assets2014-12-31$2,519,110
Aggregate carrying amount (costs) on sale of assets2014-12-31$2,430,055
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2014-12-31No
Opinion of an independent qualified public accountant for this plan2014-12-31Unqualified
Accountancy firm name2014-12-31FLYNN, WALKER, DIGGIN, P.C.
Accountancy firm EIN2014-12-31141751323
2013 : THE ADIRONDACK TRUST COMPANY EMPLOYEE STOCK OWNERSHIP PLAN 2013 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2013-12-31$3,444,082
Total unrealized appreciation/depreciation of assets2013-12-31$3,444,082
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2013-12-31$1,959,180
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2013-12-31$1,759,763
Expenses. Interest paid2013-12-31$66,065
Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-1022013-12-31$66,065
Total income from all sources (including contributions)2013-12-31$5,647,708
Total loss/gain on sale of assets2013-12-31$33,409
Total of all expenses incurred2013-12-31$1,320,004
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2013-12-31$1,253,939
Total contributions o plan (from employers,participants, others, non cash contrinutions)2013-12-31$1,060,808
Value of total assets at end of year2013-12-31$42,928,743
Value of total assets at beginning of year2013-12-31$38,401,622
Total of administrative expenses incurred including professional, contract, advisory and management fees2013-12-31$0
Total interest from all sources2013-12-31$5,878
Total dividends received (eg from common stock, registered investment company shares)2013-12-31$672,355
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2013-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2013-12-31$178,546
Was this plan covered by a fidelity bond2013-12-31Yes
Value of fidelity bond cover2013-12-31$10,000,000
If this is an individual account plan, was there a blackout period2013-12-31No
Were there any nonexempt tranactions with any party-in-interest2013-12-31No
Contributions received from participants2013-12-31$547,803
Participant contributions at end of year2013-12-31$50,934
Participant contributions at beginning of year2013-12-31$20,274
Income. Received or receivable in cash from other sources (including rollovers)2013-12-31$27,299
Value of other receiveables (less allowance for doubtful accounts) at end of year2013-12-31$2,588
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2013-12-31$20,402
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2013-12-31$1,958,804
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2013-12-31$1,759,763
Liabilities. Value of operating payables at end of year2013-12-31$376
Total non interest bearing cash at end of year2013-12-31$23,873
Total non interest bearing cash at beginning of year2013-12-31$464
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2013-12-31No
Value of net income/loss2013-12-31$4,327,704
Value of net assets at end of year (total assets less liabilities)2013-12-31$40,969,563
Value of net assets at beginning of year (total assets less liabilities)2013-12-31$36,641,859
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2013-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2013-12-31No
Were any leases to which the plan was party in default or uncollectible2013-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2013-12-31$3,819,193
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2013-12-31$2,456,514
Interest on participant loans2013-12-31$1,389
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2013-12-31$1,550,635
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2013-12-31$2,087,728
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2013-12-31$2,087,728
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2013-12-31$4,489
Net investment gain/loss from registered investment companies (e.g. mutual funds)2013-12-31$431,176
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2013-12-31No
Was there a failure to transmit to the plan any participant contributions2013-12-31No
Has the plan failed to provide any benefit when due under the plan2013-12-31No
Assets. Invements in employer securities at end of year2013-12-31$37,481,520
Assets. Invements in employer securities at beginning of year2013-12-31$33,816,240
Contributions received in cash from employer2013-12-31$485,706
Income. Dividends from common stock2013-12-31$493,809
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2013-12-31$1,253,939
Did the plan have assets held for investment2013-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2013-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2013-12-31No
Aggregate proceeds on sale of assets2013-12-31$436,291
Aggregate carrying amount (costs) on sale of assets2013-12-31$402,882
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2013-12-31No
Opinion of an independent qualified public accountant for this plan2013-12-31Unqualified
Accountancy firm name2013-12-31FLYNN,WALKER, DIGGIN, P.C.
Accountancy firm EIN2013-12-31141751323
2012 : THE ADIRONDACK TRUST COMPANY EMPLOYEE STOCK OWNERSHIP PLAN 2012 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2012-12-31$3,215,504
Total unrealized appreciation/depreciation of assets2012-12-31$3,215,504
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-12-31$1,759,763
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-12-31$0
Total income from all sources (including contributions)2012-12-31$6,677,822
Total loss/gain on sale of assets2012-12-31$287,707
Total of all expenses incurred2012-12-31$5,693,386
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2012-12-31$5,686,956
Total contributions o plan (from employers,participants, others, non cash contrinutions)2012-12-31$1,447,033
Value of total assets at end of year2012-12-31$38,401,622
Value of total assets at beginning of year2012-12-31$35,657,423
Total of administrative expenses incurred including professional, contract, advisory and management fees2012-12-31$6,430
Total interest from all sources2012-12-31$12,663
Total dividends received (eg from common stock, registered investment company shares)2012-12-31$1,556,022
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2012-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2012-12-31$74,143
Administrative expenses professional fees incurred2012-12-31$464
Was this plan covered by a fidelity bond2012-12-31Yes
Value of fidelity bond cover2012-12-31$10,000,000
If this is an individual account plan, was there a blackout period2012-12-31No
Were there any nonexempt tranactions with any party-in-interest2012-12-31No
Contributions received from participants2012-12-31$519,553
Participant contributions at end of year2012-12-31$20,274
Participant contributions at beginning of year2012-12-31$18,940
Income. Received or receivable in cash from other sources (including rollovers)2012-12-31$133,428
Value of other receiveables (less allowance for doubtful accounts) at end of year2012-12-31$20,402
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2012-12-31$5,084
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2012-12-31$1,759,763
Administrative expenses (other) incurred2012-12-31$5,966
Total non interest bearing cash at end of year2012-12-31$464
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2012-12-31No
Value of net income/loss2012-12-31$984,436
Value of net assets at end of year (total assets less liabilities)2012-12-31$36,641,859
Value of net assets at beginning of year (total assets less liabilities)2012-12-31$35,657,423
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2012-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2012-12-31No
Were any leases to which the plan was party in default or uncollectible2012-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2012-12-31$2,456,514
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2012-12-31$1,583,258
Interest on participant loans2012-12-31$608
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2012-12-31$2,087,728
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2012-12-31$2,129,072
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2012-12-31$2,129,072
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2012-12-31$12,055
Net investment gain/loss from registered investment companies (e.g. mutual funds)2012-12-31$158,893
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2012-12-31Yes
Was there a failure to transmit to the plan any participant contributions2012-12-31No
Has the plan failed to provide any benefit when due under the plan2012-12-31No
Assets. Invements in employer securities at end of year2012-12-31$33,816,240
Assets. Invements in employer securities at beginning of year2012-12-31$31,807,340
Contributions received in cash from employer2012-12-31$794,052
Income. Dividends from common stock2012-12-31$1,481,879
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2012-12-31$5,686,956
Assets. Corporate common stocks other than exployer securities at end of year2012-12-31$0
Assets. Corporate common stocks other than exployer securities at beginning of year2012-12-31$113,729
Did the plan have assets held for investment2012-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2012-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2012-12-31No
Aggregate proceeds on sale of assets2012-12-31$4,212,164
Aggregate carrying amount (costs) on sale of assets2012-12-31$3,924,457
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2012-12-31No
Opinion of an independent qualified public accountant for this plan2012-12-31Unqualified
Accountancy firm name2012-12-31FLYNN, WALKER, DIGGIN CPA, P.C
Accountancy firm EIN2012-12-31141751323
2011 : THE ADIRONDACK TRUST COMPANY EMPLOYEE STOCK OWNERSHIP PLAN 2011 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2011-12-31$-3,319,433
Total unrealized appreciation/depreciation of assets2011-12-31$-3,319,433
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-12-31$2,341
Expenses. Interest paid2011-12-31$13,811
Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-1022011-12-31$13,811
Total income from all sources (including contributions)2011-12-31$-1,011,357
Total loss/gain on sale of assets2011-12-31$7,150
Total of all expenses incurred2011-12-31$1,050,176
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2011-12-31$1,036,115
Total contributions o plan (from employers,participants, others, non cash contrinutions)2011-12-31$1,319,714
Value of total assets at end of year2011-12-31$35,657,422
Value of total assets at beginning of year2011-12-31$37,721,296
Total of administrative expenses incurred including professional, contract, advisory and management fees2011-12-31$250
Total interest from all sources2011-12-31$18,424
Total dividends received (eg from common stock, registered investment company shares)2011-12-31$993,453
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2011-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2011-12-31$40,567
Was this plan covered by a fidelity bond2011-12-31Yes
Value of fidelity bond cover2011-12-31$10,000,000
If this is an individual account plan, was there a blackout period2011-12-31No
Were there any nonexempt tranactions with any party-in-interest2011-12-31No
Contributions received from participants2011-12-31$438,261
Participant contributions at end of year2011-12-31$18,940
Income. Received or receivable in cash from other sources (including rollovers)2011-12-31$135,458
Value of other receiveables (less allowance for doubtful accounts) at end of year2011-12-31$5,084
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2011-12-31$2,245
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2011-12-31$2,341
Administrative expenses (other) incurred2011-12-31$250
Total non interest bearing cash at beginning of year2011-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Value of net income/loss2011-12-31$-2,061,533
Value of net assets at end of year (total assets less liabilities)2011-12-31$35,657,422
Value of net assets at beginning of year (total assets less liabilities)2011-12-31$37,718,955
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2011-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2011-12-31No
Were any leases to which the plan was party in default or uncollectible2011-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2011-12-31$1,583,258
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2011-12-31$961,617
Interest on participant loans2011-12-31$332
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2011-12-31$2,129,071
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2011-12-31$1,759,116
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2011-12-31$1,759,116
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2011-12-31$18,092
Net investment gain/loss from registered investment companies (e.g. mutual funds)2011-12-31$-30,665
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2011-12-31No
Was there a failure to transmit to the plan any participant contributions2011-12-31No
Has the plan failed to provide any benefit when due under the plan2011-12-31No
Assets. Invements in employer securities at end of year2011-12-31$31,807,340
Assets. Invements in employer securities at beginning of year2011-12-31$34,882,176
Contributions received in cash from employer2011-12-31$745,995
Income. Dividends from common stock2011-12-31$952,886
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2011-12-31$1,036,115
Assets. Corporate common stocks other than exployer securities at end of year2011-12-31$113,729
Assets. Corporate common stocks other than exployer securities at beginning of year2011-12-31$116,142
Did the plan have assets held for investment2011-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2011-12-31No
Aggregate proceeds on sale of assets2011-12-31$271,637
Aggregate carrying amount (costs) on sale of assets2011-12-31$264,487
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2011-12-31No
Opinion of an independent qualified public accountant for this plan2011-12-31Unqualified
Accountancy firm name2011-12-31FLYNN, WALKER, DIGGIN P.C.
Accountancy firm EIN2011-12-31141751323
2010 : THE ADIRONDACK TRUST COMPANY EMPLOYEE STOCK OWNERSHIP PLAN 2010 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2010-12-31$3,364,759
Total unrealized appreciation/depreciation of assets2010-12-31$3,364,759
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$2,341
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$3,615
Expenses. Interest paid2010-12-31$10,213
Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-1022010-12-31$10,213
Total income from all sources (including contributions)2010-12-31$5,966,920
Total loss/gain on sale of assets2010-12-31$55,318
Total of all expenses incurred2010-12-31$1,566,601
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2010-12-31$1,556,388
Total contributions o plan (from employers,participants, others, non cash contrinutions)2010-12-31$1,566,838
Value of total assets at end of year2010-12-31$37,721,296
Value of total assets at beginning of year2010-12-31$33,322,251
Total of administrative expenses incurred including professional, contract, advisory and management fees2010-12-31$0
Total interest from all sources2010-12-31$20,433
Total dividends received (eg from common stock, registered investment company shares)2010-12-31$871,696
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2010-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2010-12-31$28,953
Was this plan covered by a fidelity bond2010-12-31Yes
Value of fidelity bond cover2010-12-31$10,000,000
If this is an individual account plan, was there a blackout period2010-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2010-12-31$0
Were there any nonexempt tranactions with any party-in-interest2010-12-31No
Contributions received from participants2010-12-31$335,788
Income. Received or receivable in cash from other sources (including rollovers)2010-12-31$227,260
Value of other receiveables (less allowance for doubtful accounts) at end of year2010-12-31$2,245
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2010-12-31$2,341
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2010-12-31$3,615
Total non interest bearing cash at end of year2010-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-31No
Income. Non cash contributions2010-12-31$0
Value of net income/loss2010-12-31$4,400,319
Value of net assets at end of year (total assets less liabilities)2010-12-31$37,718,955
Value of net assets at beginning of year (total assets less liabilities)2010-12-31$33,318,636
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2010-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2010-12-31No
Were any leases to which the plan was party in default or uncollectible2010-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2010-12-31$961,617
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2010-12-31$358,322
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2010-12-31$1,759,116
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2010-12-31$2,186,076
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2010-12-31$2,186,076
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2010-12-31$20,433
Net investment gain/loss from registered investment companies (e.g. mutual funds)2010-12-31$87,876
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2010-12-31No
Was there a failure to transmit to the plan any participant contributions2010-12-31No
Has the plan failed to provide any benefit when due under the plan2010-12-31No
Assets. Invements in employer securities at end of year2010-12-31$34,882,176
Assets. Invements in employer securities at beginning of year2010-12-31$30,681,777
Contributions received in cash from employer2010-12-31$1,003,790
Income. Dividends from common stock2010-12-31$842,743
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2010-12-31$1,556,388
Assets. Corporate common stocks other than exployer securities at end of year2010-12-31$116,142
Assets. Corporate common stocks other than exployer securities at beginning of year2010-12-31$96,076
Did the plan have assets held for investment2010-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2010-12-31No
Aggregate proceeds on sale of assets2010-12-31$927,215
Aggregate carrying amount (costs) on sale of assets2010-12-31$871,897
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2010-12-31No
Opinion of an independent qualified public accountant for this plan2010-12-31Unqualified
Accountancy firm name2010-12-31FLYNN, WALKER, DIGGIN, PC
Accountancy firm EIN2010-12-31141751323

Form 5500 Responses for THE ADIRONDACK TRUST COMPANY EMPLOYEE STOCK OWNERSHIP PLAN

2022: THE ADIRONDACK TRUST COMPANY EMPLOYEE STOCK OWNERSHIP PLAN 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01Submission has been amendedNo
2022-01-01This submission is the final filingNo
2022-01-01This return/report is a short plan year return/report (less than 12 months)No
2022-01-01Plan is a collectively bargained planNo
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement - TrustYes
2021: THE ADIRONDACK TRUST COMPANY EMPLOYEE STOCK OWNERSHIP PLAN 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01Submission has been amendedNo
2021-01-01This submission is the final filingNo
2021-01-01This return/report is a short plan year return/report (less than 12 months)No
2021-01-01Plan is a collectively bargained planNo
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement - TrustYes
2020: THE ADIRONDACK TRUST COMPANY EMPLOYEE STOCK OWNERSHIP PLAN 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01Submission has been amendedNo
2020-01-01This submission is the final filingNo
2020-01-01This return/report is a short plan year return/report (less than 12 months)No
2020-01-01Plan is a collectively bargained planNo
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement - TrustYes
2019: THE ADIRONDACK TRUST COMPANY EMPLOYEE STOCK OWNERSHIP PLAN 2019 form 5500 responses
2019-01-01Type of plan entitySingle employer plan
2019-01-01Submission has been amendedNo
2019-01-01This submission is the final filingNo
2019-01-01This return/report is a short plan year return/report (less than 12 months)No
2019-01-01Plan is a collectively bargained planNo
2019-01-01Plan funding arrangement – TrustYes
2019-01-01Plan benefit arrangement - TrustYes
2018: THE ADIRONDACK TRUST COMPANY EMPLOYEE STOCK OWNERSHIP PLAN 2018 form 5500 responses
2018-01-01Type of plan entitySingle employer plan
2018-01-01Submission has been amendedNo
2018-01-01This submission is the final filingNo
2018-01-01This return/report is a short plan year return/report (less than 12 months)No
2018-01-01Plan is a collectively bargained planNo
2018-01-01Plan funding arrangement – TrustYes
2018-01-01Plan benefit arrangement - TrustYes
2017: THE ADIRONDACK TRUST COMPANY EMPLOYEE STOCK OWNERSHIP PLAN 2017 form 5500 responses
2017-01-01Type of plan entitySingle employer plan
2017-01-01Submission has been amendedNo
2017-01-01This submission is the final filingNo
2017-01-01This return/report is a short plan year return/report (less than 12 months)No
2017-01-01Plan is a collectively bargained planNo
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement - TrustYes
2016: THE ADIRONDACK TRUST COMPANY EMPLOYEE STOCK OWNERSHIP PLAN 2016 form 5500 responses
2016-01-01Type of plan entitySingle employer plan
2016-01-01Submission has been amendedNo
2016-01-01This submission is the final filingNo
2016-01-01This return/report is a short plan year return/report (less than 12 months)No
2016-01-01Plan is a collectively bargained planNo
2016-01-01Plan funding arrangement – TrustYes
2016-01-01Plan benefit arrangement - TrustYes
2015: THE ADIRONDACK TRUST COMPANY EMPLOYEE STOCK OWNERSHIP PLAN 2015 form 5500 responses
2015-01-01Type of plan entitySingle employer plan
2015-01-01Submission has been amendedNo
2015-01-01This submission is the final filingNo
2015-01-01This return/report is a short plan year return/report (less than 12 months)No
2015-01-01Plan is a collectively bargained planNo
2015-01-01Plan funding arrangement – TrustYes
2015-01-01Plan benefit arrangement - TrustYes
2014: THE ADIRONDACK TRUST COMPANY EMPLOYEE STOCK OWNERSHIP PLAN 2014 form 5500 responses
2014-01-01Type of plan entitySingle employer plan
2014-01-01Submission has been amendedNo
2014-01-01This submission is the final filingNo
2014-01-01This return/report is a short plan year return/report (less than 12 months)No
2014-01-01Plan is a collectively bargained planNo
2014-01-01Plan funding arrangement – TrustYes
2014-01-01Plan benefit arrangement - TrustYes
2013: THE ADIRONDACK TRUST COMPANY EMPLOYEE STOCK OWNERSHIP PLAN 2013 form 5500 responses
2013-01-01Type of plan entitySingle employer plan
2013-01-01Submission has been amendedNo
2013-01-01This submission is the final filingNo
2013-01-01This return/report is a short plan year return/report (less than 12 months)No
2013-01-01Plan is a collectively bargained planNo
2013-01-01Plan funding arrangement – TrustYes
2013-01-01Plan benefit arrangement - TrustYes
2012: THE ADIRONDACK TRUST COMPANY EMPLOYEE STOCK OWNERSHIP PLAN 2012 form 5500 responses
2012-01-01Type of plan entitySingle employer plan
2012-01-01Submission has been amendedNo
2012-01-01This submission is the final filingNo
2012-01-01This return/report is a short plan year return/report (less than 12 months)No
2012-01-01Plan is a collectively bargained planNo
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement - TrustYes
2011: THE ADIRONDACK TRUST COMPANY EMPLOYEE STOCK OWNERSHIP PLAN 2011 form 5500 responses
2011-01-01Type of plan entitySingle employer plan
2011-01-01Submission has been amendedNo
2011-01-01This submission is the final filingNo
2011-01-01This return/report is a short plan year return/report (less than 12 months)No
2011-01-01Plan is a collectively bargained planNo
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement - TrustYes
2009: THE ADIRONDACK TRUST COMPANY EMPLOYEE STOCK OWNERSHIP PLAN 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Submission has been amendedNo
2009-01-01This submission is the final filingNo
2009-01-01This return/report is a short plan year return/report (less than 12 months)No
2009-01-01Plan is a collectively bargained planNo
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement - TrustYes

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