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
401k plan membership statisitcs for STEUBEN TRUST COMPANY PENSION PLAN AS A MEMBER OF THE NEW YORK STATE BANKERS RETIREMENT SYSTEM
Measure | Date | Value |
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2020: STEUBEN TRUST COMPANY PENSION PLAN AS A MEMBER OF THE NEW YORK STATE BANKERS RETIREMENT SYSTEM 2020 401k membership |
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Market value of plan assets | 2020-12-31 | 18,551,438 |
Acturial value of plan assets | 2020-12-31 | 18,551,438 |
Funding target for retired participants and beneficiaries receiving payment | 2020-12-31 | 8,381,786 |
Number of terminated vested participants | 2020-12-31 | 17 |
Fundng target for terminated vested participants | 2020-12-31 | 581,791 |
Active participant vested funding target | 2020-12-31 | 1,413,354 |
Number of active participants | 2020-12-31 | 29 |
Total funding liabilities for active participants | 2020-12-31 | 1,413,371 |
Total participant count | 2020-12-31 | 136 |
Total funding target for all participants | 2020-12-31 | 10,376,948 |
Balance at beginning of prior year after applicable adjustments | 2020-12-31 | 2,160,100 |
Prefunding balance at beginning of prior year after applicable adjustments | 2020-12-31 | 0 |
Carryover balanced portion elected for use to offset prior years funding requirement | 2020-12-31 | 0 |
Prefunding balanced used to offset prior years funding requirement | 2020-12-31 | 0 |
Amount remaining of carryover balance | 2020-12-31 | 2,160,100 |
Amount remaining of prefunding balance | 2020-12-31 | 0 |
Present value of excess contributions | 2020-12-31 | 3,345,003 |
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance | 2020-12-31 | 3,529,982 |
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance | 2020-12-31 | 0 |
Reductions in caryover balances due to elections or deemed elections | 2020-12-31 | 0 |
Reductions in prefunding balances due to elections or deemed elections | 2020-12-31 | 0 |
Balance of carryovers at beginning of current year | 2020-12-31 | 2,436,593 |
Balance of prefunding at beginning of current year | 2020-12-31 | 0 |
Total employer contributions | 2020-12-31 | 0 |
Total employee contributions | 2020-12-31 | 0 |
Contributions allocated toward unpaid minimum require contributions from prior years | 2020-12-31 | 0 |
Contributions made to avoid restrictions adjusted to valuation date | 2020-12-31 | 0 |
Contributions allocated toward minimum required contributions for current year adjusted to valuation date | 2020-12-31 | 0 |
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years | 2020-12-31 | 0 |
Remaining amount of unpaid minimum required contributions | 2020-12-31 | 0 |
Minimum required contributions for current year target normal cost | 2020-12-31 | 97,458 |
Total funding amount beforereflecting carryover/prefunding balances | 2020-12-31 | 0 |
Additional cash requirement | 2020-12-31 | 0 |
Contributions allocatedtoward minimum required contributions for current year | 2020-12-31 | 0 |
Unpaid minimum required contributions for current year | 2020-12-31 | 0 |
Unpaid minimum required contributions for all years | 2020-12-31 | 0 |
Total participants, beginning-of-year | 2020-10-01 | 136 |
Total number of active participants reported on line 7a of the Form 5500 | 2020-10-01 | 0 |
Number of retired or separated participants receiving benefits | 2020-10-01 | 0 |
Number of other retired or separated participants entitled to future benefits | 2020-10-01 | 0 |
Total of all active and inactive participants | 2020-10-01 | 0 |
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2020-10-01 | 0 |
Total participants | 2020-10-01 | 0 |
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2020-10-01 | 0 |
Market value of plan assets | 2020-09-30 | 14,045,644 |
Acturial value of plan assets | 2020-09-30 | 14,045,644 |
Funding target for retired participants and beneficiaries receiving payment | 2020-09-30 | 7,274,858 |
Number of terminated vested participants | 2020-09-30 | 13 |
Fundng target for terminated vested participants | 2020-09-30 | 552,464 |
Active participant vested funding target | 2020-09-30 | 2,203,832 |
Number of active participants | 2020-09-30 | 50 |
Total funding liabilities for active participants | 2020-09-30 | 2,203,849 |
Total participant count | 2020-09-30 | 142 |
Total funding target for all participants | 2020-09-30 | 10,031,171 |
Balance at beginning of prior year after applicable adjustments | 2020-09-30 | 1,941,314 |
Prefunding balance at beginning of prior year after applicable adjustments | 2020-09-30 | 0 |
Amount remaining of carryover balance | 2020-09-30 | 1,941,314 |
Amount remaining of prefunding balance | 2020-09-30 | 0 |
Present value of excess contributions | 2020-09-30 | 0 |
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance | 2020-09-30 | 0 |
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance | 2020-09-30 | 0 |
Reductions in caryover balances due to elections or deemed elections | 2020-09-30 | 0 |
Reductions in prefunding balances due to elections or deemed elections | 2020-09-30 | 0 |
Balance of carryovers at beginning of current year | 2020-09-30 | 2,160,100 |
Balance of prefunding at beginning of current year | 2020-09-30 | 0 |
Total employer contributions | 2020-09-30 | 3,500,000 |
Total employee contributions | 2020-09-30 | 0 |
Contributions allocated toward unpaid minimum require contributions from prior years | 2020-09-30 | 0 |
Contributions made to avoid restrictions adjusted to valuation date | 2020-09-30 | 0 |
Contributions allocated toward minimum required contributions for current year adjusted to valuation date | 2020-09-30 | 3,345,003 |
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years | 2020-09-30 | 0 |
Remaining amount of unpaid minimum required contributions | 2020-09-30 | 0 |
Minimum required contributions for current year target normal cost | 2020-09-30 | 87,588 |
Total funding amount beforereflecting carryover/prefunding balances | 2020-09-30 | 0 |
Additional cash requirement | 2020-09-30 | 0 |
Contributions allocatedtoward minimum required contributions for current year | 2020-09-30 | 3,345,003 |
Unpaid minimum required contributions for current year | 2020-09-30 | 0 |
Unpaid minimum required contributions for all years | 2020-09-30 | 0 |
2019: STEUBEN TRUST COMPANY PENSION PLAN AS A MEMBER OF THE NEW YORK STATE BANKERS RETIREMENT SYSTEM 2019 401k membership |
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Total participants, beginning-of-year | 2019-10-01 | 142 |
Total number of active participants reported on line 7a of the Form 5500 | 2019-10-01 | 29 |
Number of retired or separated participants receiving benefits | 2019-10-01 | 84 |
Number of other retired or separated participants entitled to future benefits | 2019-10-01 | 17 |
Total of all active and inactive participants | 2019-10-01 | 130 |
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2019-10-01 | 6 |
Total participants | 2019-10-01 | 136 |
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2019-10-01 | 0 |
Measure | Date | Value |
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2020 : STEUBEN TRUST COMPANY PENSION PLAN AS A MEMBER OF THE NEW YORK STATE BANKERS RETIREMENT SYSTEM 2020 401k financial data |
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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 |