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Rhinebeck Bancorp 401(k) retirement plan: the investment options
Does your 401(k) vote the way you would? $23m of the $33m in the Rhinebeck Bancorp plan votes in secret. Fidelity 500 Index Fund, the most common fund in the plans we track, publishes every vote: answer 3 of its ballots, then see your result.
The question on the ballot
As filed
The Rhinebeck Bancorp 401(k) holds $33m. Of the $26m we could identify from the plan’s own filing, 91% sits in funds that publish no record of how they voted your shares — collective trusts, which unlike a mutual fund file no Form N-PX and leave no public trace of a single vote.
SourceRhinebeck Bancorp’s own annual retirement-plan filing with the SEC (Form 11-K, Schedule of Assets) · open the filing
| What the plan holds | Vehicle | Voting record | Value |
|---|---|---|---|
| Collective trust fundslisted as “Principal Lifetime Hybrid 2030 CIT N/R” | Collective trust or separate account | NONE | $4m |
| Principal Lifetime Hybrid 2045 CITlisted as “N/R” | Collective trust or separate account | NONE | $3m |
| Principal Lifetime Hybrid 2050 CITlisted as “N/R” | Collective trust or separate account | NONE | $3m |
| Principal Lifetime Hybrid 2055 CITlisted as “N/R” | Collective trust or separate account | NONE | $2m |
| Mutual fundslisted as “Vanguard Growth Index Admiral Fund N/R” | Registered fund | PUBLISHED | $2m |
| Guaranteed investment contractlisted as “Principal Fixed Income Guaranteed Option N/R” | Collective trust or separate account | NONE | $2m |
| Vanguard 500 Index Admiral Fundlisted as “N/R” | Not identified from the filing | Not counted either way | $2m |
| Principal Lifetime Hybrid 2035 CITlisted as “N/R” | Collective trust or separate account | NONE | $2m |
| Principal Lifetime Hybrid 2025 CITlisted as “N/R” | Collective trust or separate account | NONE | $2m |
| Principal Lifetime Hybrid 2040 CITlisted as “N/R” | Collective trust or separate account | NONE | $2m |
| Janus Henderson Triton Fundlisted as “N/R” | Not identified from the filing | Not counted either way | $989,932 |
| Employer securitylisted as “Rhinebeck Bancorp, Inc. N/R” | Employer stock | Voted by the plan trustee | $976,287 |
The 12 largest holdings in the plan. “Vehicle” is the description the filing itself gives each investment.
Why there is nothing to show
A mutual fund has to file Form N-PX every year listing every vote it cast on your behalf. A collective investment trust does not. It is a bank-run vehicle sold only inside retirement plans, it is cheaper, and it is now where most 401(k) default money sits — including most target-date funds, which is where savers who never chose anything are put.
So the shares bought with Rhinebeck Bancorp employees’ retirement savings are voted every proxy season — on executive pay, on board seats, on climate and workforce proposals — and there is no public document anywhere recording how. This is not an oversight by Rhinebeck Bancorp; it is what the disclosure rules currently require, which is to say: nothing.
What you can do
Check whether your plan offers any registered fund as an alternative — those publish their records, and you can read them here. If it does not, the menu itself is the thing that has to change, and that is a decision made by the plan’s fiduciary committee, not by you alone.
See how funds that do publish voted →
CoverageWe classified 82.2% of this plan’s assets from the filing. The figure above is the share of the money we could classify; anything we could not identify is excluded from it rather than assumed either way.
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.