Defined Benefit (Pension) · DOL Form 5500 · 2022

Trustco Bank Pension Plan

Data updated 2026-08-11

$53M
Total assets
53
Participants
88th
Percentile by assets
$993,832
Avg per participant
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Official DOL plan name: Retirement Plan of Trustco Bank · Sponsored by Trustco Bank · New York · Finance & Insurance

$53M in assets, 53 participants

Trustco Bank's Retirement Plan of Trustco Bank reported $53M in total assets and 53 participants in its 2022 DOL Form 5500 filing, ranking in the 88th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.

  • 88th percentile by assets (of 139,126 plans)
  • #7,535 in Finance & Insurance (9,261 peers)

Where Retirement Plan of Trustco Bank sits by assets

Retirement Plan of Trustco Bank sits in the top quartile of all filed plans by assets, $53M for 53 participants (~$993,832/participant), down 16.5% in 2022.

$53M
total plan assets (2022 EOY)
53
covered participants
88th
percentile by assets (of 139,126 plans)
$993,832
avg assets per participant

The plan reported a net loss of $10M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Where Retirement Plan of Trustco Bank sits by total assets

Retirement Plan of Trustco Bank vs every filed plan by assets

End-of-year total assets · plan year 2022 · DOL Form 5500

$52,673,100 Top 12% higher than 88% of 139,123 filed plans

This plan $0 $2,010,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2022

State
New York
Industry
Finance & Insurance

Retirement Plan of Trustco Bank vs the 2022 asset distribution

By assets, Retirement Plan of Trustco Bank outranks 88% of the 139,126 plans that filed a Form 5500 for the 2022 plan year, and holds roughly 0.5x the national average plan size of $100M (721 average participants).

Scale-class filing particulars (2022)

Total Assets (Beginning of Year)$63M
Net Assets (End of Year)$53M
Net Income-$10M
Employer EIN140578631
Plan Effective Date1953-06-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Trustco Bank)

$80M$90M$100M$110M$120M$130M 202220232024 $92.1M $118M ▲ +27.8%
Total plan assets by year, all Trustco Bank plans on file
Year Plans Participants Total Assets
2022 2 902 $92M
2023 2 872 $104M
2024 2 857 $118M

Nearby Defined Benefit (Pension) Plans in New York

Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.

Retirement Plan of Trustco Bank vs. nearby Defined Benefit (Pension) plans in New York, assets vs. participants Scatter plot of 6 data points. -500005000100001500020000 -100102030 Total assets ($B) Participants Retirement Plan of T…, Total assets ($B): 0.0526731 · Participants: 53Retirement Plan of T…IBM Personal Pension…, Total assets ($B): 25.511753238 · Participants: 16431IBM Personal Pension…Consolidated Edison …, Total assets ($B): 15.815266303 · Participants: 11303Consolidated Edison …Pepsico Employees Re…, Total assets ($B): 7.656963 · Participants: 11386Pepsico Employees Re…New York State Nurse…, Total assets ($B): 5.019503014 · Participants: 18592New York State Nurse…New York District Co…, Total assets ($B): 4.837058087 · Participants: 11318New York District Co…
Retirement Plan of Trustco Bank vs. nearby Defined Benefit (Pension) plans in New York, assets vs. participants
Compare Retirement Plan of Trustco Bank side-by-side with 3 peers →

Similar-Sized Defined Benefit (Pension) Plans Nationally

Defined Benefit (Pension) plans in other states closest to Retirement Plan of Trustco Bank by total assets, not by location.

Frequently Asked Questions

How did Retirement Plan of Trustco Bank assets move in 2022? ▼
Retirement Plan of Trustco Bank declined sharply - down 16.5% during 2022, from $63M to $53M. Reported net income was -$10M.
How have Trustco Bank plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Trustco Bank's sponsor-wide assets grew 27.8%, from $92M to $118M.
Where does Retirement Plan of Trustco Bank rank by assets among Form 5500 filers? ▼
Retirement Plan of Trustco Bank ranks in the 88th percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (in the top quartile of all filed plans by assets).
Which Defined Benefit (Pension) plans are similar in size to Retirement Plan of Trustco Bank? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Y-12 Federal Credit Union Cash Balance Retirement Pension Plan in TN ($53M, 293 participants).

Next read for Retirement Plan of Trustco Bank

Scale reading

Ways to act on Retirement Plan of Trustco Bank's numbers.

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2022.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 140578631.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.