Recordkeeping fees per participant
not reported
Not reported on this filing.
Employers › Rhinebeck Bancorp
Rhinebeck Bancorp 401(k)
- RBKB Nasdaq
- Finance and insurance
- Poughkeepsie, NY
- EIN 14-1002430
- 1 plan with Schedule H financials
- Plan year 2024
- Rhinebeck Bancorp, Inc.
- filed as Rhinebeck Bank
Administrative expenses excluding investment management, per participant · Rhinebeck Bank 401(k) Plan · plan year 2024
$290.50
Higher than 86% of the 24,371 plans $10 to 50M that report it.
Source
= $67,978 / 234
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250812122218NAL0007211443001, received 2025-08-12
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250812122218NAL0007211443001, received 2025-08-12
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 2025-08-12.
Cost and contributions
Administrative expenses per participant
$290.50
Higher than 70% of the 25,098 plans $10 to 50M that report it.
Source
= $67,978 / 234
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250812122218NAL0007211443001, received 2025-08-12
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250812122218NAL0007211443001, received 2025-08-12
Administrative expenses as a share of assets
0.242%
Higher than 42% of the 25,132 plans $10 to 50M that report it.
Source
= $67,978 / $28,146,030
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250812122218NAL0007211443001, received 2025-08-12
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250812122218NAL0007211443001, received 2025-08-12
Employer contributions per participant
$4,472
Higher than 88% of the 24,050 plans $10 to 50M that report it.
Source
= $1,046,437 / 234
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250812122218NAL0007211443001, received 2025-08-12
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250812122218NAL0007211443001, received 2025-08-12
Employer share of total contributions
35.0%
Higher than 75% of the 24,084 plans $10 to 50M that report it.
Source
= $1,046,437 / $2,985,605
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250812122218NAL0007211443001, received 2025-08-12
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250812122218NAL0007211443001, received 2025-08-12
Plan terms, as stated in Rhinebeck Bancorp, Inc.'s SEC filings
Employer match
“Unless its Board of Directors determines otherwise, prior to the beginning of each year, the Bank will make the following contributions: (1) a safe harbor non-elective contribution equal to 3% of each participant’s eligible compensation and (2) a matching contribution equal to 50% of the amount of the participant’s elective deferrals made during the payroll period that do not exceed 6% of the participant’s eligible compensation for the payroll period.”
Form 11-K filed 2026-06-25, for the year ended 2025-12-31 · plan description note, contributions · source document
Eligibility
“The Plan is a defined contribution plan covering substantially all employees of Rhinebeck Bank and its subsidiaries (collectively, the "Bank") who have completed 90 days of service and attained the age of twenty-one, except leased employees and employees participating in a collective bargaining agreement who are not eligible to participate in the Plan.”
Form 11-K filed 2026-06-25, for the year ended 2025-12-31 · plan description note, general (fallback) · source document
Vesting
“Vesting in the Bank’s matching contribution is based on years of continuous service.”
Form 11-K filed 2026-06-25, for the year ended 2025-12-31 · plan description note, vesting · source document
Automatic enrollment
“All new participants are auto-enrolled at a rate of 6% of compensation, unless the employee opts not to participate.”
Form 11-K filed 2026-06-25, for the year ended 2025-12-31 · plan description note, contributions · source document
Terms quoted from the filing for the year ended 2025-12-31. 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 · 2S pre-approved plan document · 2T default investment (QDIA) · 3D IRS pre-approved plan · 3H controlled-group sponsor · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20250812122218NAL0007211443001, received 2025-08-12
Full record, Rhinebeck Bank 401(k) Plan
| Field | Value | Source |
|---|---|---|
| Plan sponsor | RHINEBECK BANK | Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20250812122218NAL0007211443001, received 2025-08-12 |
| Plan name | RHINEBECK BANK 401(K) PLAN | Form 5500, line 1a; PLAN_NAME pos 16; filing 20250812122218NAL0007211443001, received 2025-08-12 |
| Sponsor EIN / plan number | 14-1002430 / 005 | Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20250812122218NAL0007211443001, received 2025-08-12 |
| Plan type | single-employer | Form 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20250812122218NAL0007211443001, received 2025-08-12 |
| Sponsor location | POUGHKEEPSIE, NY | Form 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20250812122218NAL0007211443001, received 2025-08-12 |
| Industry (business code) | 522120, Finance and insurance | Form 5500, line 2d; BUSINESS_CODE pos 46; filing 20250812122218NAL0007211443001, received 2025-08-12 |
| Plan year | 2024-01-01 to 2024-12-31 | Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20250812122218NAL0007211443001, received 2025-08-12 |
| Filing received | 2025-08-12 | Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20250812122218NAL0007211443001, received 2025-08-12 |
| Final filing | no | Form 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20250812122218NAL0007211443001, received 2025-08-12 |
| Amended filing | no | Form 5500, Part I line B; AMENDED_IND pos 7; filing 20250812122218NAL0007211443001, received 2025-08-12 |
| Participants, beginning of year | 258 | Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20250812122218NAL0007211443001, received 2025-08-12 |
| Active participants | 153 | Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20250812122218NAL0007211443001, received 2025-08-12 |
| Participants, end of year | 234 | Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20250812122218NAL0007211443001, received 2025-08-12 |
| Participants with an account balance | 234 | Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250812122218NAL0007211443001, received 2025-08-12 |
| Total assets, beginning of year | $25,758,740 | Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20250812122218NAL0007211443001, received 2025-08-12 |
| Total assets, end of year | $28,146,030 | Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250812122218NAL0007211443001, received 2025-08-12 |
| Net assets, end of year | $28,146,030 | Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20250812122218NAL0007211443001, received 2025-08-12 |
| Total income | $6,265,510 | Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20250812122218NAL0007211443001, received 2025-08-12 |
| Net income | $2,387,290 | Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20250812122218NAL0007211443001, received 2025-08-12 |
| Employer contributions | $1,046,437 | Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250812122218NAL0007211443001, received 2025-08-12 |
| Participant contributions | $1,132,574 | Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20250812122218NAL0007211443001, received 2025-08-12 |
| Other contributions (incl. rollovers) | $806,594 | Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20250812122218NAL0007211443001, received 2025-08-12 |
| Total contributions | $2,985,605 | Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250812122218NAL0007211443001, received 2025-08-12 |
| Benefit payments | $3,810,242 | Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20250812122218NAL0007211443001, received 2025-08-12 |
| Total expenses (incl. benefit payments) | $3,878,220 | Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20250812122218NAL0007211443001, received 2025-08-12 |
| Total administrative expenses | $67,978 | Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250812122218NAL0007211443001, received 2025-08-12 |
| Contract administrator fees | $67,978 | Schedule H, line 2i(2); CONTRACT_ADMIN_FEES_AMT pos 106; filing 20250812122218NAL0007211443001, received 2025-08-12 |
| Administrative expenses excluding investment management | $67,978 | derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250812122218NAL0007211443001, received 2025-08-12 |
| Held in common/collective trusts | $16,274,832 | Schedule H, line 1c(9) col (b); INT_COMMON_TR_EOY_AMT pos 51; filing 20250812122218NAL0007211443001, received 2025-08-12 |
| Held in mutual funds | $7,852,556 | Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20250812122218NAL0007211443001, received 2025-08-12 |
| Independent auditor | WOLF & COMPANY, P.C. | Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20250812122218NAL0007211443001, received 2025-08-12 |
Position = column in the DOL layout for form year 2024. Filing 20250812122218NAL0007211443001, received 2025-08-12.
Service providers paid directly by the plan
| Provider | Relationship | Service codes | Direct compensation | Indirect |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANYrecordkeeper | CONTRACT ADMINISTRATOR | 13 Contract administrator; 37 Participant loan processing; 50 Direct payment from the plan; 64 Recordkeeping fees | $68,052 | yes |
| MORNINGSTAR INVESTMENT MANAGEMENT L | INV ADV, PARTICIPANTS | 26 Investment advisory (participants); 70 Consulting fees | $0 | yes |
| WILSHIRE ADVISORS LLC | INVESTMENT ADVISORY | 27 Investment advisory (plan); 72 Other investment fees and expenses | $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 20250812122218NAL0007211443001, received 2025-08-12.
What changed since the 2023 plan year
| Figure | 2023 | 2024 | Change |
|---|---|---|---|
| Total assets | $25,758,740 | $28,146,030 | 9.3% |
| Participants with a balance | 257 | 234 | -8.9% |
| Administrative expenses | $59,431 | $67,978 | 14.4% |
| Recordkeeping fees per participant | not reported | not reported | |
| Employer contributions | $1,113,010 | $1,046,437 | -6.0% |
Prior filing 20240702092644NAL0004808065001, received 2024-07-02; the plan years are contiguous.
Alerts, claims and corrections
Sponsor name as filed: RHINEBECK BANK; SEC registrant: Rhinebeck Bancorp, Inc. (CIK 1751783, matched by 11-K plan title; display name from the Form 10-K cover).