Recordkeeping fees per participant
not reported
Not reported on this filing.
Employers › Greene County Bancorp
Greene County Bancorp 401(k)
- GCBC Nasdaq
- Finance and insurance
- Catskill, NY
- EIN 14-0553610
- 1 plan with Schedule H financials
- Plan year 2024
- Greene County Bancorp, Inc.
- filed as The Bank of Greene County
- SEC registrant Greene County Bancorp Inc
Administrative expenses excluding investment management, per participant · The Bank of Greene County Employees' Savings & Profit Sharing Plan and Trust · plan year 2024
$122.19
Higher than 51% of the 24,371 plans $10 to 50M that report it.
Source
= $32,625 / 267
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250717151950NAL0000879234001, received 2025-07-17
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250717151950NAL0000879234001, received 2025-07-17
Percentiles compare this plan with the Schedule H plans $10 to 50M 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 2025-07-17.
Cost and contributions
Administrative expenses per participant
$122.19
Higher than 32% of the 25,098 plans $10 to 50M that report it.
Source
= $32,625 / 267
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250717151950NAL0000879234001, received 2025-07-17
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250717151950NAL0000879234001, received 2025-07-17
Administrative expenses as a share of assets
0.129%
Higher than 25% of the 25,132 plans $10 to 50M that report it.
Source
= $32,625 / $25,339,765
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250717151950NAL0000879234001, received 2025-07-17
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250717151950NAL0000879234001, received 2025-07-17
Employer contributions per participant
$1,965
Higher than 47% of the 24,050 plans $10 to 50M that report it.
Source
= $524,759 / 267
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250717151950NAL0000879234001, received 2025-07-17
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250717151950NAL0000879234001, received 2025-07-17
Employer share of total contributions
25.4%
Higher than 41% of the 24,084 plans $10 to 50M that report it.
Source
= $524,759 / $2,068,791
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250717151950NAL0000879234001, received 2025-07-17
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250717151950NAL0000879234001, received 2025-07-17
Plan terms, as stated in Greene County Bancorp, Inc.'s SEC filings
Employer match
“The Bank of Greene County matches employee contributions 100% of each participant’s contributions up to 3% of compensation plus 50% of the next 3% of compensation for a total matching contribution of up to 4.5% of compensation as defined by the Contribution Plan.”
Form 10-K filed 2026-09-09, for the year ended 2026-06-30 · benefits note, 10-K benefits note · source document
Terms quoted from the filing for the year ended 2026-06-30. Figures cover plan year 2024. The plan document governs.
Plan features
2E profit-sharing · 2F ERISA 404(c) plan · 2G fully participant-directed · 2J 401(k) feature · 2K 401(m) arrangement · 2R participant brokerage window · 2S pre-approved plan document · 2T default investment (QDIA) · 3D IRS pre-approved plan · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20250717151950NAL0000879234001, received 2025-07-17
Full record, The Bank of Greene County Employees' Savings & Profit Sharing Plan and Trust
| Field | Value | Source |
|---|---|---|
| Plan sponsor | THE BANK OF GREENE COUNTY | Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20250717151950NAL0000879234001, received 2025-07-17 |
| Plan name | THE BANK OF GREENE COUNTY EMPLOYEES' SAVINGS & PROFIT SHARING PLAN AND TRUST | Form 5500, line 1a; PLAN_NAME pos 16; filing 20250717151950NAL0000879234001, received 2025-07-17 |
| Sponsor EIN / plan number | 14-0553610 / 002 | Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20250717151950NAL0000879234001, received 2025-07-17 |
| Plan type | single-employer | Form 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20250717151950NAL0000879234001, received 2025-07-17 |
| Sponsor location | CATSKILL, NY | Form 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20250717151950NAL0000879234001, received 2025-07-17 |
| Industry (business code) | 522120, Finance and insurance | Form 5500, line 2d; BUSINESS_CODE pos 46; filing 20250717151950NAL0000879234001, received 2025-07-17 |
| Plan year | 2024-01-01 to 2024-12-31 | Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20250717151950NAL0000879234001, received 2025-07-17 |
| Filing received | 2025-07-17 | Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20250717151950NAL0000879234001, received 2025-07-17 |
| Final filing | no | Form 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20250717151950NAL0000879234001, received 2025-07-17 |
| Amended filing | no | Form 5500, Part I line B; AMENDED_IND pos 7; filing 20250717151950NAL0000879234001, received 2025-07-17 |
| Participants, beginning of year | 274 | Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20250717151950NAL0000879234001, received 2025-07-17 |
| Active participants | 198 | Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20250717151950NAL0000879234001, received 2025-07-17 |
| Participants, end of year | 274 | Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20250717151950NAL0000879234001, received 2025-07-17 |
| Participants with an account balance | 267 | Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250717151950NAL0000879234001, received 2025-07-17 |
| Total assets, beginning of year | $24,330,217 | Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20250717151950NAL0000879234001, received 2025-07-17 |
| Total assets, end of year | $25,339,765 | Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250717151950NAL0000879234001, received 2025-07-17 |
| Net assets, end of year | $25,339,765 | Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20250717151950NAL0000879234001, received 2025-07-17 |
| Total income | $5,281,598 | Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20250717151950NAL0000879234001, received 2025-07-17 |
| Net income | $1,009,548 | Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20250717151950NAL0000879234001, received 2025-07-17 |
| Employer contributions | $524,759 | Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250717151950NAL0000879234001, received 2025-07-17 |
| Participant contributions | $1,141,754 | Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20250717151950NAL0000879234001, received 2025-07-17 |
| Other contributions (incl. rollovers) | $402,278 | Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20250717151950NAL0000879234001, received 2025-07-17 |
| Total contributions | $2,068,791 | Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250717151950NAL0000879234001, received 2025-07-17 |
| Benefit payments | $4,239,425 | Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20250717151950NAL0000879234001, received 2025-07-17 |
| Total expenses (incl. benefit payments) | $4,272,050 | Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20250717151950NAL0000879234001, received 2025-07-17 |
| Total administrative expenses | $32,625 | Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250717151950NAL0000879234001, received 2025-07-17 |
| Contract administrator fees | $32,625 | Schedule H, line 2i(2); CONTRACT_ADMIN_FEES_AMT pos 106; filing 20250717151950NAL0000879234001, received 2025-07-17 |
| Administrative expenses excluding investment management | $32,625 | derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250717151950NAL0000879234001, received 2025-07-17 |
| Held in common/collective trusts | $720,227 | Schedule H, line 1c(9) col (b); INT_COMMON_TR_EOY_AMT pos 51; filing 20250717151950NAL0000879234001, received 2025-07-17 |
| Held in mutual funds | $16,236,315 | Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20250717151950NAL0000879234001, received 2025-07-17 |
| Independent auditor | BONADIO & CO., LLP | Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20250717151950NAL0000879234001, received 2025-07-17 |
Position = column in the DOL layout for form year 2024. Filing 20250717151950NAL0000879234001, received 2025-07-17.
Service providers paid directly by the plan
| Provider | Relationship | Service codes | Direct compensation | Indirect |
|---|---|---|---|---|
| EMPOWER LIFE & ANNUITY INSURANCE COrecordkeeper | RECORDKEEPER | 64 Recordkeeping fees | $27,733 | yes |
| PENTEGRA SERVICES, INC. | CONTRACT ADMIN | 13 Contract administrator | $4,892 | no |
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 20250717151950NAL0000879234001, received 2025-07-17.
What changed since the 2023 plan year
| Figure | 2023 | 2024 | Change |
|---|---|---|---|
| Total assets | $24,330,217 | $25,339,765 | 4.1% |
| Participants with a balance | 272 | 267 | -1.8% |
| Administrative expenses | $25,011 | $32,625 | 30.4% |
| Recordkeeping fees per participant | not reported | not reported | |
| Employer contributions | $489,852 | $524,759 | 7.1% |
Prior filing 20240722104508NAL0010306833001, received 2024-07-22; the plan years are contiguous.
Alerts, claims and corrections
Sponsor name as filed: THE BANK OF GREENE COUNTY; SEC registrant: GREENE COUNTY BANCORP INC (CIK 1070524, matched by 11-K plan title; display name from the Form 11-K cover).