Employers › Canandaigua National Bank and Trust
Recordkeeping fees per participant · The Canandaigua National Bank and Trust Company Profit Sharing and 401(k) Plan · plan year 2024
$130.38
Higher than 86% of the 5,847 plans $50 to 250M that report it.
= $95,048 / 729
Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20251008152624NAL0003389635003, received 2025-10-08
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251008152624NAL0003389635003, received 2025-10-08
Percentiles compare this plan with the Schedule H plans $50 to 250M in assets of the same plan year, excluding final filings; shown only where at least 50 comparable plans report the figure. Plan year 2024-01-01 to 2024-12-31, filing received 2025-10-08.
Administrative expenses excluding investment management, per participant
$159.19
Higher than 77% of the 8,758 plans $50 to 250M that report it.
= $116,048 / 729
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251008152624NAL0003389635003, received 2025-10-08
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251008152624NAL0003389635003, received 2025-10-08
Administrative expenses per participant
$159.19
Higher than 60% of the 9,042 plans $50 to 250M that report it.
= $116,048 / 729
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251008152624NAL0003389635003, received 2025-10-08
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251008152624NAL0003389635003, received 2025-10-08
Administrative expenses as a share of assets
0.082%
Higher than 31% of the 9,049 plans $50 to 250M that report it.
= $116,048 / $141,506,613
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251008152624NAL0003389635003, received 2025-10-08
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251008152624NAL0003389635003, received 2025-10-08
Employer contributions per participant
$5,007
Higher than 77% of the 9,105 plans $50 to 250M that report it.
= $3,650,000 / 729
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251008152624NAL0003389635003, received 2025-10-08
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251008152624NAL0003389635003, received 2025-10-08
Employer share of total contributions
42.4%
Higher than 81% of the 9,112 plans $50 to 250M that report it.
= $3,650,000 / $8,616,727
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251008152624NAL0003389635003, received 2025-10-08
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251008152624NAL0003389635003, received 2025-10-08
Plan terms are not published in public filings.
2E profit-sharing · 2F ERISA 404(c) plan · 2H partially participant-directed · 2J 401(k) feature · 2T default investment (QDIA) · 3D IRS pre-approved plan · 3H controlled-group sponsor · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20251008152624NAL0003389635003, received 2025-10-08
| Field | Value | Source |
|---|---|---|
| Plan sponsor | THE CANANDAIGUA NATIONAL BANK AND TRUST COMPANY | Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20251008152624NAL0003389635003, received 2025-10-08 |
| Plan name | THE CANANDAIGUA NATIONAL BANK AND TRUST COMPANY PROFIT SHARING AND 401(K) PLAN | Form 5500, line 1a; PLAN_NAME pos 16; filing 20251008152624NAL0003389635003, received 2025-10-08 |
| Sponsor EIN / plan number | 16-0373410 / 001 | Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20251008152624NAL0003389635003, received 2025-10-08 |
| Plan type | single-employer | Form 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20251008152624NAL0003389635003, received 2025-10-08 |
| Sponsor location | PITTSFORD, NY | Form 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20251008152624NAL0003389635003, received 2025-10-08 |
| Industry (business code) | 522110, Finance and insurance | Form 5500, line 2d; BUSINESS_CODE pos 46; filing 20251008152624NAL0003389635003, received 2025-10-08 |
| Plan year | 2024-01-01 to 2024-12-31 | Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20251008152624NAL0003389635003, received 2025-10-08 |
| Filing received | 2025-10-08 | Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20251008152624NAL0003389635003, received 2025-10-08 |
| Final filing | no | Form 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20251008152624NAL0003389635003, received 2025-10-08 |
| Amended filing | no | Form 5500, Part I line B; AMENDED_IND pos 7; filing 20251008152624NAL0003389635003, received 2025-10-08 |
| Participants, beginning of year | 840 | Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20251008152624NAL0003389635003, received 2025-10-08 |
| Active participants | 658 | Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20251008152624NAL0003389635003, received 2025-10-08 |
| Participants, end of year | 772 | Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20251008152624NAL0003389635003, received 2025-10-08 |
| Participants with an account balance | 729 | Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251008152624NAL0003389635003, received 2025-10-08 |
| Total assets, beginning of year | $131,911,572 | Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20251008152624NAL0003389635003, received 2025-10-08 |
| Total assets, end of year | $141,506,613 | Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251008152624NAL0003389635003, received 2025-10-08 |
| Net assets, end of year | $141,506,613 | Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20251008152624NAL0003389635003, received 2025-10-08 |
| Total income | $24,419,045 | Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20251008152624NAL0003389635003, received 2025-10-08 |
| Net income | $9,533,311 | Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20251008152624NAL0003389635003, received 2025-10-08 |
| Employer contributions | $3,650,000 | Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251008152624NAL0003389635003, received 2025-10-08 |
| Participant contributions | $4,309,484 | Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20251008152624NAL0003389635003, received 2025-10-08 |
| Other contributions (incl. rollovers) | $657,243 | Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20251008152624NAL0003389635003, received 2025-10-08 |
| Total contributions | $8,616,727 | Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251008152624NAL0003389635003, received 2025-10-08 |
| Benefit payments | $14,769,686 | Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20251008152624NAL0003389635003, received 2025-10-08 |
| Total expenses (incl. benefit payments) | $14,885,734 | Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20251008152624NAL0003389635003, received 2025-10-08 |
| Total administrative expenses | $116,048 | Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251008152624NAL0003389635003, received 2025-10-08 |
| Recordkeeping fees | $95,048 | Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20251008152624NAL0003389635003, received 2025-10-08 |
| IQPA audit fees | $21,000 | Schedule H, line 2i(4); IQPA_AUDIT_FEES_AMT pos 161; filing 20251008152624NAL0003389635003, received 2025-10-08 |
| Administrative expenses excluding investment management | $116,048 | derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251008152624NAL0003389635003, received 2025-10-08 |
| Held in mutual funds | $134,765,199 | Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20251008152624NAL0003389635003, received 2025-10-08 |
| Independent auditor | FREED MAXICK CPAS PC | Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20251008152624NAL0003389635003, received 2025-10-08 |
Position = column in the DOL layout for form year 2024. Filing 20251008152624NAL0003389635003, received 2025-10-08.
| Provider | Relationship | Service codes | Direct compensation | Indirect |
|---|---|---|---|---|
| EPIC RETIREMENT PLAN SERVICESrecordkeeper | NONE | 15 Recordkeeping and information management; 37 Participant loan processing; 38 Participant communication | $95,048 | no |
| FREED MAXICK CPAS PC | NONE | 10 Accounting (including auditing) | $21,000 | no |
| CANANDAIGUA NATIONAL BANK AND TRUST | NONE | 21 Trustee (bank, trust company or similar) | $0 | yes |
Schedule C Part I line 2: name (a), service codes (b), relationship (c), direct compensation paid by the plan (d), indirect compensation received (e). Filing 20251008152624NAL0003389635003, received 2025-10-08.
| Figure | 2023 | 2024 | Change |
|---|---|---|---|
| Total assets | $131,911,572 | $141,506,613 | 7.3% |
| Participants with a balance | 702 | 729 | 3.8% |
| Administrative expenses | $67,892 | $116,048 | 70.9% |
| Recordkeeping fees per participant | $96.71 | $130.38 | 34.8% |
| Employer contributions | $4,300,000 | $3,650,000 | -15.1% |
Prior filing 20241010083537NAL0009828899001, received 2024-10-10; the plan years are contiguous.
Sponsor name as filed: THE CANANDAIGUA NATIONAL BANK AND TRUST COMPANY; SEC registrant: CANANDAIGUA NATIONAL BANK & TRUST CO (CIK 1074266, matched by EIN).