Retirement plan

ORANGE COUNTY BANCORP INC. EMPLOYEE STOCK OWNERSHIP AND SAVINGS PLAN

Name: ORANGE COUNTY BANCORP INC. - ORANGE COUNTY BANCORP INC. EMPLOYEE STOCK OWNERSHIP AND SAVINGS PLAN (2018) Form 5500
Creator: ORANGE COUNTY BANCORP INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ORANGE COUNTY BANCORP INC. EMPLOYEE STOCK OWNERSHIP AND SAVINGS PLAN, ORANGE COUNTY BANCORP INC.

ORANGE COUNTY BANCORP INC.EIN 26-1135778Plan #004PY 2018

212 DOLSON AVENUE - MIDDLETOWN, NY 10940845-341-5104

Prospect flagsNo flags tripped

Top hat statement on fileNQDC

Filed January 12, 2023

Plan administrator

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212 Dolson Avenue

Middletown, NY 10940

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Plans declared (5)

Orange Bank & Trust Company Performance-Based Supplemental Executive Retirement Plan, effective January 1, 20184 emp
Orange County Trust Company Supplemental Executive Retirement Plan for Michael J. Gilfeather, effective April 7, 20141 emp
Orange County Bancorp, Inc. Stock-Based Deferral Plan, as amended and restated, effective December 1, 20207 emp
Orange County Trust Company Deferred Compensation Plan, effective November 1, 20089 emp
Orange County Bank & Trust Company Non-Qualified Deferred Compensation Plan, effective December 23, 20221 emp

Total covered: 22 employees

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Total assets (EOY)

$13.9M

+3.5% from 2017

Total participants

190

+6.7% from 2017

Average account balance

$73,518

-4.1% from 2017

Annual return

6.89%

-5.11 pp from 2017

Benchmarks

See 2,193 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants100-249

Cohort2,193 peers

Snapshot2018

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$31.73M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$132K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

241

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

96.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.82M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$12K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+11.88%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$120

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

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Service providers

Top 1 by compensation

Provider	Service type	Compensation
PENTEGRA SERVICES, INC.4+ years Service code 15 · EIN 13-3745616 701 WESTCHESTER AVENUE · WHITE PLAINS, NY 10604	Recordkeeping	$7,109

Plan features & details

Pension benefit codes2E2H2J2O2T

Plan features

2E
Profit-sharing
Profit-sharing plan.
2H
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.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2O
ESOP other than a leveraged ESOP
Employee stock ownership plan that is not leveraged.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.

Opportunity flags

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$25K

$177 / participant

Investment mgmt$5K18.5%
Contract admin$14K53.6%
Other / not subdivided$7K27.9%

% of EOY assets

0.183%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: JUDELSON, GIORDANO & SIEGEL, CPA, P
Auditor EIN: 141619319
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$73,518

$79,523-7.6%

$140,019-47.5%

$56,287+30.6%

Participation rate

99.3%

85.7%+13.6pp

87.5%+11.8pp

69.9%+29.5pp

Annual return

6.89%

2.39%+4.5pp

651.15%-644.3pp

-9.96%+16.8pp

Employer contribution / active EE

$6,126

$3,350+82.9%

$5,605+9.3%

$2,111+190.2%

Participant deferral / active EE

$5,868

$5,129+14.4%

$6,927-15.3%

$3,350+75.2%

Admin fee / account holder

$135

$614-78.1%

$10,705-98.7%

$521-74.2%

Provider

Service type

Compensation

PENTEGRA SERVICES, INC.4+ years

Service code 15 · EIN 13-3745616

701 WESTCHESTER AVENUE · WHITE PLAINS, NY 10604

Recordkeeping

$7,109

ORANGE COUNTY BANCORP INC. EMPLOYEE STOCK OWNERSHIP AND SAVINGS PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (5)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ORANGE COUNTY BANCORP INC. EMPLOYEE STOCK OWNERSHIP AND SAVINGS PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (5)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion