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Community Financial System 401(k) retirement plan: the investment options
Does your 401(k) vote the way you would? Vanguard Institutional Index Fund is the largest fund in the Community Financial System plan that publishes its votes. Answer 3 of its ballots from this season, then see your result.
The question on the ballot
As filed
Community Financial System 401(k) match and balances, from the filing
- Company money in
- about $3,670 per active participant
- $10m in plan year 2024
- Employees saved
- about $6,070 each
- $16m in plan year 2024
- Average balance
- $136,300
- 3,479 people with a balance
- In the plan
- $474m
- at the end of plan year 2024
Company money is the match plus any other employer contributions, averaged over all 2,662 active participants, including anyone who did not contribute. The filing reports dollars, not the match formula; the plan’s summary plan description states the formula.
SourceThe plan’s annual report to the Department of Labor — Form 5500, Schedule H, plan year 2024 · filed by COMMUNITY FINANCIAL SYSTEM, INC as “COMMUNITY FINANCIAL SYSTEM, INC 401K EMPLOYEE STOCK OWNERSHIP PLAN” · EIN 161213679, plan number 002 · search the filings
These are the funds in the Community Financial System retirement plan whose voting records we can trace, taken from the plan’s own annual filing. The figures show what each one did with shareholder proposals.
SourceThe fund menu is the list of investments in Community Financial System’s own annual retirement-plan filing · open the filing
| Fund | Climate | Workers | Pay equity | Exec pay backed |
|---|---|---|---|---|
| JPMorgan Large Cap Growth Fund listed as “JPMorgan Large Cap Growth Fund” | — | — | — | 97% |
| Vanguard Institutional Index Fund listed as “Vanguard Institutional Index I” | 0 of 66 | 0 of 20 | 0 of 6 | 97.8% |
| Vanguard Target Retirement 2030 Fund listed as “Vanguard Target Retirement 2030” · record folded from the funds it holds | 0 of 174 | 0 of 33 | 0 of 13 | 91.5% |
| Vanguard Equity Income Fund listed as “Vanguard Equity Income Admiral” | 0 of 33 | 0 of 5 | 0 of 2 | 98.2% |
| Vanguard Target Retirement 2035 Fund listed as “Vanguard Target Retirement 2035” · record folded from the funds it holds | 0 of 174 | 0 of 33 | 0 of 13 | 91.5% |
| Vanguard Target Retirement 2040 Fund listed as “Vanguard Target Retirement 2040” · record folded from the funds it holds | 0 of 174 | 0 of 33 | 0 of 13 | 91.5% |
| Vanguard Target Retirement 2025 Fund listed as “Vanguard Target Retirement 2025” · record folded from the funds it holds | 0 of 174 | 0 of 33 | 0 of 13 | 91.5% |
| Vanguard Morningstar Mid-Cap Index Fund listed as “Vanguard Mid-Cap Index I” | 0 of 13 | 0 of 3 | 0 of 2 | 97.6% |
| T. Rowe Price Mid-Cap Growth Fund, Inc. listed as “T. Rowe Price Mid-Cap Growth Fund I” | 0 of 1 | — | — | 93.5% |
| Vanguard Morningstar Small-Cap Index Fund listed as “Vanguard Small-Cap Index Fund I” | 0 of 17 | 0 of 2 | 0 of 3 | 96.6% |
| Vanguard Target Retirement 2050 Fund listed as “Vanguard Target Retirement 2050” · record folded from the funds it holds | 0 of 174 | 0 of 33 | 0 of 13 | 91.5% |
| T. Rowe Price Mid-Cap Value Fund, Inc. listed as “T. Rowe Price Mid-Cap Value Fund I” | 0 of 5 | — | — | 99% |
| Vanguard Target Retirement Income Fund listed as “Vanguard Target Retirement Income” · record folded from the funds it holds | 0 of 174 | 0 of 33 | 0 of 13 | 91.5% |
| Vanguard Target Retirement 2045 Fund listed as “Vanguard Target Retirement 2045” · record folded from the funds it holds | 0 of 174 | 0 of 33 | 0 of 13 | 91.5% |
| Vanguard Target Retirement 2020 Fund listed as “Vanguard Target Retirement 2020” · record folded from the funds it holds | 0 of 174 | 0 of 33 | 0 of 13 | 91.5% |
| Vanguard Target Retirement 2055 Fund listed as “Vanguard Target Retirement 2055” · record folded from the funds it holds | 0 of 174 | 0 of 33 | 0 of 13 | 91.5% |
| Emerging Markets Core Equity 2 Portfolio listed as “DFA Emerging Markets Core Equity 2 I” | — | — | — | 55.6% |
| Vanguard Target Retirement 2060 Fund listed as “Vanguard Target Retirement 2060” · record folded from the funds it holds | 0 of 174 | 0 of 33 | 0 of 13 | 91.5% |
| T. Rowe Price Spectrum Moderate Allocation Fund listed as “T. Rowe Price Spectrum Moderate Alloc Fund I” | 1 of 47 | 0 of 15 | 0 of 1 | 96.6% |
| Small Cap Value Fund listed as “Amercent Small Cap Value” | 0 of 1 | — | 0 of 1 | 80% |
| T. Rowe Price Spectrum Income Fund listed as “T. Rowe Price Spectrum Conserv Alloc Fund I” · record folded from the funds it holds | — | — | — | 100% |
| Guggenheim Macro Opportunities Fund listed as “Guggenheim Macro Opportunities Fund” | — | — | — | — |
| T. Rowe Price Spectrum Moderate Growth Allocation Fund listed as “T. Rowe Price Spectrum Mod Growth Alloc Fund I” | 1 of 47 | 0 of 15 | 0 of 1 | 96.9% |
| Dfa Real Estate Securities Portfolio listed as “DFA Real Estate Securities I” | 0 of 1 | — | — | 80.4% |
What this means for you
Most people are in whichever fund their plan made the default, and never look again. The figures above are the part nobody shows you when you pick: not the fee, not last year's return, but what the fund did with the shares your savings paid for.
Vote the full deck for this plan’s fund →
Other employer plans
The largest employer plans on the site, and a few more. Each page shows what the plan’s funds did with the shares its savers paid for.