GENERATIONS BANK has sponsored the creation of one or more 401k plans.
Submission information for form 5500 for 401k plan THE RETIREMENT PLAN OF THE SENECA FALLS SAVINGS BANK
| Measure | Date | Value |
|---|
| 2024 : THE RETIREMENT PLAN OF THE SENECA FALLS SAVINGS BANK 2024 401k financial data |
|---|
| Total transfers to/from plan in this plan year | 2024-11-07 | 0 |
| Total liabilities as of the end of the plan year | 2024-11-07 | 0 |
| Total liabilities as of the beginning of the plan year | 2024-11-07 | 0 |
| Total expenses incurred by plan in this plan year | 2024-11-07 | 493078 |
| Net assets as of the end of the plan year | 2024-11-07 | 20276142 |
| Total assets as of the beginning of the plan year | 2024-11-07 | 16969815 |
| Value of plan covered by a fidelity bond | 2024-11-07 | 500000 |
| Participant contributions to plan in this plan year | 2024-11-07 | 0 |
| Other expenses paid from plan in this plan year | 2024-11-07 | 0 |
| Other contributions to plan in this plan year | 2024-11-07 | 0 |
| Other income to plan in this plan year | 2024-11-07 | 3799405 |
| Plan net income in this plan year | 2024-11-07 | 3306327 |
| Net assets as of the end of the plan year | 2024-11-07 | 20276142 |
| Net assets as of the beginning of the plan year | 2024-11-07 | 16969815 |
| Employer contributions to plan in this plan year | 2024-11-07 | 0 |
| Expensese paid to adminstrative service provicers from plan in this plan year | 2024-11-07 | 0 |
| 2023 : THE RETIREMENT PLAN OF THE SENECA FALLS SAVINGS BANK 2023 401k financial data |
|---|
| Total transfers to/from plan in this plan year | 2023-05-18 | 0 |
| Total liabilities as of the end of the plan year | 2023-05-18 | 0 |
| Total liabilities as of the beginning of the plan year | 2023-05-18 | 0 |
| Total expenses incurred by plan in this plan year | 2023-05-18 | 304678 |
| Net assets as of the end of the plan year | 2023-05-18 | 15928518 |
| Total assets as of the beginning of the plan year | 2023-05-18 | 19277309 |
| Value of plan covered by a fidelity bond | 2023-05-18 | 500000 |
| Participant contributions to plan in this plan year | 2023-05-18 | 0 |
| Other expenses paid from plan in this plan year | 2023-05-18 | 0 |
| Other contributions to plan in this plan year | 2023-05-18 | 0 |
| Other income to plan in this plan year | 2023-05-18 | -3372741 |
| Plan net income in this plan year | 2023-05-18 | -3348791 |
| Net assets as of the end of the plan year | 2023-05-18 | 15928518 |
| Net assets as of the beginning of the plan year | 2023-05-18 | 19277309 |
| Employer contributions to plan in this plan year | 2023-05-18 | 328628 |
| Expensese paid to adminstrative service provicers from plan in this plan year | 2023-05-18 | 16098 |
| 2022 : THE RETIREMENT PLAN OF THE SENECA FALLS SAVINGS BANK 2022 401k financial data |
|---|
| Transfers to/from the plan | 2022-12-31 | $0 |
| Total plan liabilities at end of year | 2022-12-31 | $0 |
| Total plan liabilities at beginning of year | 2022-12-31 | $0 |
| Total income from all sources | 2022-12-31 | $-251,500 |
| Expenses. Total of all expenses incurred | 2022-12-31 | $491,953 |
| Benefits paid (including direct rollovers) | 2022-12-31 | $466,459 |
| Total plan assets at end of year | 2022-12-31 | $3,011,503 |
| Total plan assets at beginning of year | 2022-12-31 | $3,754,956 |
| Value of fidelity bond covering the plan | 2022-12-31 | $1,000,000 |
| Total contributions received or receivable from participants | 2022-12-31 | $256,314 |
| Expenses. Other expenses not covered elsewhere | 2022-12-31 | $0 |
| Contributions received from other sources (not participants or employers) | 2022-12-31 | $0 |
| Other income received | 2022-12-31 | $-565,416 |
| Noncash contributions received | 2022-12-31 | $0 |
| Net income (gross income less expenses) | 2022-12-31 | $-743,453 |
| Net plan assets at end of year (total assets less liabilities) | 2022-12-31 | $3,011,503 |
| Net plan assets at beginning of year (total assets less liabilities) | 2022-12-31 | $3,754,956 |
| Assets. Value of participant loans | 2022-12-31 | $16,712 |
| Value of loans by the plan or fixed income obligations due to the plan which were in default or classified as uncollectible at the close of the plan year | 2022-12-31 | $0 |
| Value of leases to which the plan was a party in default or classified as uncollectible during the plan year | 2022-12-31 | $0 |
| Value of participant contributions where there was a failure to transmit these to the plan within the time period described in 29 CFR 2510.3-102 | 2022-12-31 | $2,516 |
| Assets. Value of employer securities | 2022-12-31 | $888,866 |
| Total contributions received or receivable from employer(s) | 2022-12-31 | $57,602 |
| Value of certain deemed distributions of participant loans | 2022-12-31 | $0 |
| Value of corrective distributions | 2022-12-31 | $0 |
| Expenses. Administrative service providers (salaries,fees and commissions) | 2022-12-31 | $25,494 |
| 2020 : THE RETIREMENT PLAN OF THE SENECA FALLS SAVINGS BANK 2020 401k financial data |
|---|
| Total income from all sources (including contributions) | 2020-09-30 | $1,469,152 |
| Total of all expenses incurred | 2020-09-30 | $1,630,517 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2020-09-30 | $1,606,307 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2020-09-30 | $281,102 |
| Value of total assets at end of year | 2020-09-30 | $16,455,962 |
| Value of total assets at beginning of year | 2020-09-30 | $16,617,327 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2020-09-30 | $24,210 |
| Total dividends received (eg from common stock, registered investment company shares) | 2020-09-30 | $1,188,051 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2020-09-30 | No |
| Total dividends received from registered investment company shares (eg mutual funds) | 2020-09-30 | $1,188,051 |
| Was this plan covered by a fidelity bond | 2020-09-30 | Yes |
| Value of fidelity bond cover | 2020-09-30 | $500,000 |
| Were there any nonexempt tranactions with any party-in-interest | 2020-09-30 | No |
| Other income not declared elsewhere | 2020-09-30 | $-1 |
| Administrative expenses (other) incurred | 2020-09-30 | $24,210 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2020-09-30 | No |
| Value of net income/loss | 2020-09-30 | $-161,365 |
| Value of net assets at end of year (total assets less liabilities) | 2020-09-30 | $16,455,962 |
| Value of net assets at beginning of year (total assets less liabilities) | 2020-09-30 | $16,617,327 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2020-09-30 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2020-09-30 | No |
| Were any leases to which the plan was party in default or uncollectible | 2020-09-30 | No |
| Value of interest in pooled separate accounts at end of year | 2020-09-30 | $16,455,962 |
| Value of interest in pooled separate accounts at beginning of year | 2020-09-30 | $16,617,327 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2020-09-30 | Yes |
| Was there a failure to transmit to the plan any participant contributions | 2020-09-30 | No |
| Has the plan failed to provide any benefit when due under the plan | 2020-09-30 | No |
| Contributions received in cash from employer | 2020-09-30 | $281,102 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2020-09-30 | $1,606,307 |
| Did the plan have assets held for investment | 2020-09-30 | Yes |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2020-09-30 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2020-09-30 | No |
| Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2020-09-30 | Yes |
| Opinion of an independent qualified public accountant for this plan | 2020-09-30 | Disclaimer |
| Accountancy firm name | 2020-09-30 | BONADIO & CO., LLP |
| Accountancy firm EIN | 2020-09-30 | 161131146 |
| 2019 : THE RETIREMENT PLAN OF THE SENECA FALLS SAVINGS BANK 2019 401k financial data |
|---|
| Total income from all sources (including contributions) | 2019-09-30 | $1,066,719 |
| Total of all expenses incurred | 2019-09-30 | $397,566 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2019-09-30 | $386,316 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2019-09-30 | $407,127 |
| Value of total assets at end of year | 2019-09-30 | $16,617,327 |
| Value of total assets at beginning of year | 2019-09-30 | $15,948,174 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2019-09-30 | $11,250 |
| Total dividends received (eg from common stock, registered investment company shares) | 2019-09-30 | $667,904 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2019-09-30 | No |
| Total dividends received from registered investment company shares (eg mutual funds) | 2019-09-30 | $667,904 |
| Administrative expenses professional fees incurred | 2019-09-30 | $11,250 |
| Was this plan covered by a fidelity bond | 2019-09-30 | Yes |
| Value of fidelity bond cover | 2019-09-30 | $500,000 |
| Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2019-09-30 | $0 |
| Were there any nonexempt tranactions with any party-in-interest | 2019-09-30 | No |
| Other income not declared elsewhere | 2019-09-30 | $-8,312 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2019-09-30 | No |
| Value of net income/loss | 2019-09-30 | $669,153 |
| Value of net assets at end of year (total assets less liabilities) | 2019-09-30 | $16,617,327 |
| Value of net assets at beginning of year (total assets less liabilities) | 2019-09-30 | $15,948,174 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2019-09-30 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2019-09-30 | No |
| Were any leases to which the plan was party in default or uncollectible | 2019-09-30 | No |
| Value of interest in pooled separate accounts at end of year | 2019-09-30 | $16,617,327 |
| Value of interest in pooled separate accounts at beginning of year | 2019-09-30 | $15,948,174 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2019-09-30 | No |
| Was there a failure to transmit to the plan any participant contributions | 2019-09-30 | No |
| Has the plan failed to provide any benefit when due under the plan | 2019-09-30 | No |
| Contributions received in cash from employer | 2019-09-30 | $407,127 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2019-09-30 | $386,316 |
| Did the plan have assets held for investment | 2019-09-30 | Yes |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2019-09-30 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2019-09-30 | No |
| Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2019-09-30 | Yes |
| Opinion of an independent qualified public accountant for this plan | 2019-09-30 | Disclaimer |
| Accountancy firm name | 2019-09-30 | BONADIO & CO, LLP |
| Accountancy firm EIN | 2019-09-30 | 161131146 |
| 2018 : THE RETIREMENT PLAN OF THE SENECA FALLS SAVINGS BANK 2018 401k financial data |
|---|
| Total income from all sources (including contributions) | 2018-09-30 | $1,597,099 |
| Total of all expenses incurred | 2018-09-30 | $343,082 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2018-09-30 | $335,257 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2018-09-30 | $358,761 |
| Value of total assets at end of year | 2018-09-30 | $15,948,174 |
| Value of total assets at beginning of year | 2018-09-30 | $14,694,157 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2018-09-30 | $7,825 |
| Total dividends received (eg from common stock, registered investment company shares) | 2018-09-30 | $1,238,338 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2018-09-30 | No |
| Total dividends received from registered investment company shares (eg mutual funds) | 2018-09-30 | $1,238,338 |
| Administrative expenses professional fees incurred | 2018-09-30 | $7,825 |
| Was this plan covered by a fidelity bond | 2018-09-30 | Yes |
| Value of fidelity bond cover | 2018-09-30 | $500,000 |
| Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2018-09-30 | $0 |
| Were there any nonexempt tranactions with any party-in-interest | 2018-09-30 | No |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2018-09-30 | No |
| Value of net income/loss | 2018-09-30 | $1,254,017 |
| Value of net assets at end of year (total assets less liabilities) | 2018-09-30 | $15,948,174 |
| Value of net assets at beginning of year (total assets less liabilities) | 2018-09-30 | $14,694,157 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2018-09-30 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2018-09-30 | No |
| Were any leases to which the plan was party in default or uncollectible | 2018-09-30 | No |
| Value of interest in pooled separate accounts at end of year | 2018-09-30 | $15,948,174 |
| Value of interest in pooled separate accounts at beginning of year | 2018-09-30 | $14,694,157 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2018-09-30 | No |
| Was there a failure to transmit to the plan any participant contributions | 2018-09-30 | No |
| Has the plan failed to provide any benefit when due under the plan | 2018-09-30 | No |
| Contributions received in cash from employer | 2018-09-30 | $358,761 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2018-09-30 | $335,257 |
| Did the plan have assets held for investment | 2018-09-30 | Yes |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2018-09-30 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2018-09-30 | No |
| Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2018-09-30 | Yes |
| Opinion of an independent qualified public accountant for this plan | 2018-09-30 | Disclaimer |
| Accountancy firm name | 2018-09-30 | BONADIO & CO, LLP |
| Accountancy firm EIN | 2018-09-30 | 161131146 |
| 2010 : THE RETIREMENT PLAN OF THE SENECA FALLS SAVINGS BANK 2010 401k financial data |
|---|
| Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2010-09-30 | $0 |
