Defined Benefit (Pension) · DOL Form 5500 · 2024
Ballston Spa National Bank Pension Plan
Data updated 2026-08-11
- $22M
- Total assets
- 82
- Participants
- 72nd
- Percentile by assets
- $266,965
- Avg per participant
Official DOL plan name: Ballston Spa National Bank Pension Plan · Sponsored by Ballston Spa National Bank · New York · Finance & Insurance
$22M in assets, 82 participants
Ballston Spa National Bank's Ballston Spa National Bank Pension Plan reported $22M in total assets and 82 participants in its 2024 DOL Form 5500 filing, ranking in the 72nd 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.
- 72nd percentile by assets (of 123,622 plans)
- #4,915 in Finance & Insurance (8,549 peers)
Ballston Spa National Bank multi-year trail
Ballston Spa National Bank's plans moved +17.4% in assets from 2022 to 2024; this filing shows Ballston Spa National Bank Pension Plan at $22M / 82 participants.
- $22M
- total plan assets (2024 EOY)
- 82
- covered participants
- 72nd
- percentile by assets (of 123,622 plans)
- $266,965
- avg assets per participant
The plan reported a net loss of $577K for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- Ballston Spa National Bank Pension Plan reported net income fell from $2M in the plan year 2023 filing to -$577K in the plan year 2024 filing.
- Ballston Spa National Bank Pension Plan reported participants fell from 88 in the plan year 2023 filing to 82 in the plan year 2024 filing.
- Ballston Spa National Bank Pension Plan end-of-year assets fell from $22M in the plan year 2023 filing to $22M in the plan year 2024 filing.
Ballston Spa National Bank across 3 plan years on file
Across the 3 plan years Ballston Spa National Bank has on file (2022-2024), sponsor-wide plan assets have moved from $36M to $42M, a gain of 17.4%, while reported participants moved from 200 to 202 (+1.0%). Peak year by sponsor assets: 2024 ($42M); trough: 2022 ($36M).
Ballston Spa National Bank multi-year asset trail
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 2 | 200 | $36M |
| 2023 | 2 | 210 | $38M |
| 2024 | 2 | 202 | $42M |
Ballston Spa National Bank filing trail (2024)
| Total Assets (Beginning of Year) | $22M |
|---|---|
| Net Assets (End of Year) | $22M |
| Net Income | -$577K |
| Employer EIN | 140486153 |
| Plan Effective Date | 1944-05-05 |
| Filing Status | FILING RECEIVED |
Nearby Defined Benefit (Pension) Plans in New York
Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.
Ballston Spa National Bank Pension Plan vs. nearby Defined Benefit (Pension) plans in New York, assets vs. participants
- IBM Personal Pension Plan $17.9B · 48,014
- 1199seiu Health Care Employees Pension Fund $16.9B · 111,833
- Consolidated Edison Retirement Plan $15.6B · 10,608
- Pfizer Consolidated Pension Plan $10.0B · 8,876
- GE Energy Pension Plan $8.9B · 5,829
Similar-Sized Defined Benefit (Pension) Plans Nationally
Defined Benefit (Pension) plans in other states closest to Ballston Spa National Bank Pension Plan by total assets, not by location.
Frequently Asked Questions
How did Ballston Spa National Bank Pension Plan assets move in 2024? ▼
How have Ballston Spa National Bank plan assets changed over time? ▼
Which Defined Benefit (Pension) plans are similar in size to Ballston Spa National Bank Pension Plan? ▼
Next read for Ballston Spa National Bank Pension Plan
Multi-year trail
Ways to act on Ballston Spa National Bank Pension Plan's numbers.
- By total assets, Ballston Spa National Bank Pension Plan ranks above the median plan by assets. See the largest plans
- Compare it side-by-side against 3 similar Defined Benefit (Pension) plans in New York. Compare plans
- Ballston Spa National Bank's sponsor-wide assets have grown 17.4% since 2022 across 3 plan years on file. More Finance & Insurance plans