COMMUNITY BANK SYSTEM, INC. has sponsored the creation of one or more 401k plans.
Submission information for form 5500 for 401k plan STEUBEN TRUST COMPANY PENSION PLAN AS A MEMBER OF THE NEW YORK STATE BANKERS RETIREMENT SYSTEM
| Measure | Date | Value |
|---|
| 2020 : STEUBEN TRUST COMPANY PENSION PLAN AS A MEMBER OF THE NEW YORK STATE BANKERS RETIREMENT SYSTEM 2020 401k financial data |
|---|
| Unrealized appreciation/depreciation of other (non real estate) assets | 2020-12-31 | $1,273,808 |
| Total unrealized appreciation/depreciation of assets | 2020-12-31 | $1,273,808 |
| Total transfer of assets from this plan | 2020-12-31 | $19,949,944 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2020-12-31 | $0 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2020-12-31 | $0 |
| Total income from all sources (including contributions) | 2020-12-31 | $1,613,684 |
| Total loss/gain on sale of assets | 2020-12-31 | $339,848 |
| Total of all expenses incurred | 2020-12-31 | $215,178 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2020-12-31 | $180,926 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2020-12-31 | $0 |
| Value of total assets at end of year | 2020-12-31 | $0 |
| Value of total assets at beginning of year | 2020-12-31 | $18,551,438 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2020-12-31 | $34,252 |
| Total interest from all sources | 2020-12-31 | $9 |
| Total dividends received (eg from common stock, registered investment company shares) | 2020-12-31 | $0 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2020-12-31 | No |
| Administrative expenses professional fees incurred | 2020-12-31 | $15,503 |
| Was this plan covered by a fidelity bond | 2020-12-31 | Yes |
| Value of fidelity bond cover | 2020-12-31 | $4,000,000 |
| Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2020-12-31 | $0 |
| Were there any nonexempt tranactions with any party-in-interest | 2020-12-31 | No |
| Assets. Other investments not covered elsewhere at end of year | 2020-12-31 | $0 |
| Assets. Other investments not covered elsewhere at beginning of year | 2020-12-31 | $91 |
| Value of other receiveables (less allowance for doubtful accounts) at end of year | 2020-12-31 | $0 |
| Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2020-12-31 | $3,139 |
| Other income not declared elsewhere | 2020-12-31 | $19 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2020-12-31 | No |
| Value of net income/loss | 2020-12-31 | $1,398,506 |
| Value of net assets at end of year (total assets less liabilities) | 2020-12-31 | $0 |
| Value of net assets at beginning of year (total assets less liabilities) | 2020-12-31 | $18,551,438 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2020-12-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2020-12-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2020-12-31 | No |
| Investment advisory and management fees | 2020-12-31 | $18,749 |
| Interest earned on other investments | 2020-12-31 | $9 |
| Value of interest in common/collective trusts at end of year | 2020-12-31 | $0 |
| Value of interest in common/collective trusts at beginning of year | 2020-12-31 | $18,305,013 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2020-12-31 | $0 |
| Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2020-12-31 | $242,260 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2020-12-31 | $242,260 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2020-12-31 | No |
| Was there a failure to transmit to the plan any participant contributions | 2020-12-31 | No |
| Has the plan failed to provide any benefit when due under the plan | 2020-12-31 | No |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2020-12-31 | $180,926 |
| Asset. Corporate debt instrument debt (other) at end of year | 2020-12-31 | $0 |
| Asset. Corporate debt instrument debt (other) at beginning of year | 2020-12-31 | $935 |
| Did the plan have assets held for investment | 2020-12-31 | No |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2020-12-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2020-12-31 | Yes |
| Aggregate proceeds on sale of assets | 2020-12-31 | $339,848 |
| Opinion of an independent qualified public accountant for this plan | 2020-12-31 | Disclaimer |
| Accountancy firm name | 2020-12-31 | EFPR GROUP CPAS PLLC |
| Accountancy firm EIN | 2020-12-31 | 474526160 |
| Unrealized appreciation/depreciation of other (non real estate) assets | 2020-09-30 | $1,751,043 |
| Total unrealized appreciation/depreciation of assets | 2020-09-30 | $1,751,043 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2020-09-30 | $0 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2020-09-30 | $0 |
| Total income from all sources (including contributions) | 2020-09-30 | $5,315,233 |
| Total loss/gain on sale of assets | 2020-09-30 | $63,135 |
| Total of all expenses incurred | 2020-09-30 | $809,439 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2020-09-30 | $711,981 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2020-09-30 | $3,500,000 |
| Value of total assets at end of year | 2020-09-30 | $18,551,438 |
| Value of total assets at beginning of year | 2020-09-30 | $14,045,644 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2020-09-30 | $97,458 |
| Total interest from all sources | 2020-09-30 | $973 |
| Total dividends received (eg from common stock, registered investment company shares) | 2020-09-30 | $0 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2020-09-30 | No |
| Administrative expenses professional fees incurred | 2020-09-30 | $37,054 |
| Was this plan covered by a fidelity bond | 2020-09-30 | Yes |
| Value of fidelity bond cover | 2020-09-30 | $4,000,000 |
| Were there any nonexempt tranactions with any party-in-interest | 2020-09-30 | No |
| Assets. Other investments not covered elsewhere at end of year | 2020-09-30 | $91 |
| Assets. Other investments not covered elsewhere at beginning of year | 2020-09-30 | $-140 |
| Value of other receiveables (less allowance for doubtful accounts) at end of year | 2020-09-30 | $3,139 |
| Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2020-09-30 | $3,633 |
| Other income not declared elsewhere | 2020-09-30 | $82 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2020-09-30 | No |
| Value of net income/loss | 2020-09-30 | $4,505,794 |
| Value of net assets at end of year (total assets less liabilities) | 2020-09-30 | $18,551,438 |
| Value of net assets at beginning of year (total assets less liabilities) | 2020-09-30 | $14,045,644 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2020-09-30 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2020-09-30 | No |
| Were any leases to which the plan was party in default or uncollectible | 2020-09-30 | No |
| Investment advisory and management fees | 2020-09-30 | $60,404 |
| Interest earned on other investments | 2020-09-30 | $973 |
| Value of interest in common/collective trusts at end of year | 2020-09-30 | $18,305,013 |
| Value of interest in common/collective trusts at beginning of year | 2020-09-30 | $13,962,092 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2020-09-30 | $242,260 |
| Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2020-09-30 | $79,201 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2020-09-30 | $79,201 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2020-09-30 | No |
| Was there a failure to transmit to the plan any participant contributions | 2020-09-30 | No |
| Has the plan failed to provide any benefit when due under the plan | 2020-09-30 | No |
| Contributions received in cash from employer | 2020-09-30 | $3,500,000 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2020-09-30 | $711,981 |
| Asset. Corporate debt instrument debt (other) at end of year | 2020-09-30 | $935 |
| Asset. Corporate debt instrument debt (other) at beginning of year | 2020-09-30 | $858 |
| Did the plan have assets held for investment | 2020-09-30 | Yes |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2020-09-30 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2020-09-30 | No |
| Aggregate proceeds on sale of assets | 2020-09-30 | $63,135 |
| Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2020-09-30 | Yes |
| Opinion of an independent qualified public accountant for this plan | 2020-09-30 | Disclaimer |
| Accountancy firm name | 2020-09-30 | EFPR GROUP, CPAS PLLC |
| Accountancy firm EIN | 2020-09-30 | 474526160 |
