401(k) · DOL Form 5500 · 2023

Trustco Bank 401(k) Plan

Data updated 2026-08-25

$44M
Total assets Below avg plan size
822
Participants Near avg headcount
84th
Percentile by assets National rank
$53,703
Avg per participant Low balance/head
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Official DOL plan name: Trustco Bank Profit Sharing/401(k) Plan · Sponsored by Trustco Bank · New York · Finance & Insurance

$44M in assets, 822 participants

Trustco Bank's Trustco Bank Profit Sharing/401(k) Plan reported $44M in total assets and 822 participants in its 2023 DOL Form 5500 filing, ranking in the 84th 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.

  • #6,717 in Finance & Insurance (8,869 peers)

Where Trustco Bank Profit Sharing/401(k) Plan sits by assets

Trustco Bank Profit Sharing/401(k) Plan sits in the top quartile of all filed plans by assets, $44M for 822 participants (~$53,703/participant), up 11.9% in 2023.

#6,717
in Finance & Insurance (8,869 peers)
+11.9%
assets growth YoY
0.4×
vs typical plan assets (national mean)

Trustco Bank Profit Sharing/401(k) Plan's outsized position by total assets

Trustco Bank Profit Sharing/401(k) Plan vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$44,144,025 Top 16% higher than 84% of 127,068 filed plans

This plan $0 $2,050,000,000 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 2023

Trustco Bank Profit Sharing/401(k) Plan among mid-size filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Trustco Bank Profit Sharing/401(k) Plan sits mid-pack in the medium band (822 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Trustco Bank Profit Sharing/401(k) Plan reported net income rose from -$6M in the plan year 2022 filing to $5M in the plan year 2023 filing.
  • Trustco Bank Profit Sharing/401(k) Plan end-of-year assets rose from $39M in the plan year 2022 filing to $44M in the plan year 2023 filing.
  • Trustco Bank Profit Sharing/401(k) Plan reported participants fell from 849 in the plan year 2022 filing to 822 in the plan year 2023 filing.

See the national 2022→2023 release diff →

EBSA filing schedule strip

Filing strip 140578631 · Trustco Bank PY 2023 · 401(k)

Trustco Bank Profit Sharing/401(k) Plan · $44M · 822 · 84th

  • BOOK $44M
  • BOOK 822
  • BOOK 84th
  • BOOK 401(k)
  • BOOK near Acuity, Inc. 401(k) Plan
  • BOOK ind #6717

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Finance & Insurance retirement plans → · Plans in New York →

Trustco Bank Profit Sharing/401(k) Plan in the asset neighbourhood

Automotive Parts Headquarters, Inc. 401(k) Plan and TrustAutomotive Parts Headquarter…$44MHoricon Bank Profit Sharing and Employee Stock Ownership PlanHoricon Bank Profit Sharing …$44MTrustco Bank Profit Sharing/401(k) PlanTrustco Bank Profit Sharing/…$44MAcuity, Inc. 401(k) Plan$44MEast Management Services 401(k) PlanEast Management Services 401…$44M
End-of-year total assets ($M) among Trustco Bank Profit Sharing/401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)$39M
Net Assets (End of Year)$44M
Net Income$5M
Employer EIN140578631
Plan Effective Date1971-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Trustco Bank)

Sponsor-wide plan assets over time

All Trustco Bank plans reported in each filing year

Latest sponsor-wide plan assets
$118M 27.776694261434393% vs 2022
2024 filing year
$80M$90M$100M$110M$120M$130M 202220232024 $92.1M $118M ▲ +27.8%
Year Plans Participants Total Assets
2022 2 902 $92M
2023 2 872 $104M
2024 2 857 $118M

Nearby 401(k) Plans in New York

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Trustco Bank Profit Sharing/401(k) Plan vs. nearby 401(k) plans in New York, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 -20020406080 Total assets ($B) Participants Trustco Bank Profit Sharing/401(k) Plan, Total assets ($B): 0.044144025 · Participants: 822Trustco Bank Profit Sharing/401(k) PlanIBM 401 (K) Plus Plan, Total assets ($B): 57.428456306 · Participants: 54912IBM 401 (K) Plus PlanPfizer Savings Plan, Total assets ($B): 19.56134085 · Participants: 30033Pfizer Savings PlanMorgan Stanley 401(k) Plan, Total assets ($B): 19.235068266 · Participants: 55363Morgan Stanley 401(k) PlanThe Pepsico Savings Plan, Total assets ($B): 13.651296 · Participants: 133597The Pepsico Savings PlanThe Goldman Sachs 401(k) Plan, Total assets ($B): 11.428659742 · Participants: 24866The Goldman Sachs 401(k) Plan
Trustco Bank Profit Sharing/401(k) Plan vs. nearby 401(k) plans in New York, assets vs. participants
Compare Trustco Bank Profit Sharing/401(k) Plan side-by-side with 3 peers →

Trustco Bank Profit Sharing/401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside New York, the nearest 401(k) by assets is Acuity, Inc. 401(k) Plan in VA ($44M); by covered participants it is Atlantic Constructors, Inc. 401(k) Plan in VA (822 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (822 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Trustco Bank Profit Sharing/401(k) Plan assets move in 2023? ▼
Trustco Bank Profit Sharing/401(k) Plan grew at a solid clip - up 11.9% during 2023, from $39M to $44M. Reported net income was $5M.
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 Trustco Bank Profit Sharing/401(k) Plan rank by assets among Form 5500 filers? ▼
Trustco Bank Profit Sharing/401(k) Plan ranks in the 84th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top quartile of all filed plans by assets).
Which 401(k) plans are similar in size to Trustco Bank Profit Sharing/401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Acuity, Inc. 401(k) Plan in VA ($44M, 329 participants).
Which 401(k) plans cover a similar participant headcount to Trustco Bank Profit Sharing/401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Atlantic Constructors, Inc. 401(k) Plan in VA (822 participants, $23M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

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.