Defined Benefit (Pension) · DOL Form 5500 · 2024

Trustco Bank Pension Plan

Data updated 2026-08-11

$67M
Total assets
44
Participants
87th
Percentile by assets
$1.5M
Avg per participant
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Official DOL plan name: Retirement Plan of Trustco Bank · Sponsored by Trustco Bank · New York · Finance & Insurance

$67M in assets, 44 participants

Trustco Bank's Retirement Plan of Trustco Bank reported $67M in total assets and 44 participants in its 2024 DOL Form 5500 filing, ranking in the 87th 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.

  • 87th percentile by assets (of 123,622 plans)
  • #6,860 in Finance & Insurance (8,549 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, $67M for 44 participants (~$1.5M/participant), up 13.0% in 2024.

$67M
total plan assets (2024 EOY)
44
covered participants
87th
percentile by assets (of 123,622 plans)
$1.5M
avg assets per participant

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 2024 · DOL Form 5500

$67,420,588 Top 13% higher than 87% of 123,620 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 2024

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Retirement Plan of Trustco Bank end-of-year assets rose from $60M in the plan year 2023 filing to $67M in the plan year 2024 filing.
  • Retirement Plan of Trustco Bank reported participants fell from 50 in the plan year 2023 filing to 44 in the plan year 2024 filing.
  • Retirement Plan of Trustco Bank reported net income rose from $7M in the plan year 2023 filing to $8M in the plan year 2024 filing.

See the national 2023→2024 release diff →

State
New York
Industry
Finance & Insurance

Retirement Plan of Trustco Bank vs the 2024 asset distribution

By assets, Retirement Plan of Trustco Bank outranks 87% of the 123,622 plans that filed a Form 5500 for the 2024 plan year, and holds roughly 0.7x the national average plan size of $100M (721 average participants).

Scale-class filing particulars (2024)

Total Assets (Beginning of Year)$60M
Net Assets (End of Year)$67M
Net Income$8M
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. -50000050000100000150000 -505101520 Total assets ($B) Participants Retirement Plan of T…, Total assets ($B): 0.067420588 · Participants: 44Retirement Plan of T…IBM Personal Pension…, Total assets ($B): 17.919858993 · Participants: 48014IBM Personal Pension…1199seiu Health Care…, Total assets ($B): 16.913316696 · Participants: 1118331199seiu Health Care…Consolidated Edison …, Total assets ($B): 15.588456377 · Participants: 10608Consolidated Edison …Pfizer Consolidated …, Total assets ($B): 9.970337119 · Participants: 8876Pfizer Consolidated …GE Energy Pension Plan, Total assets ($B): 8.92290143 · Participants: 5829GE Energy Pension Plan
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 2024? ▼
Retirement Plan of Trustco Bank grew at a solid clip - up 13.0% during 2024, from $60M to $67M. Reported net income was $8M.
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 87th percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (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 Group Pension Plan for Employees of Staple Cotton Cooperative Association in MS ($67M, 150 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 2024.

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.