2025-11-17T11:06:12+00:00 2024-12-31 350921680 CROWE LLP 225 West Wacker Drive Suite 2600 Chicago IL 606061224 990 2024-01-01 222677977 TRUSTCO BANK EMPLOYEE BENEFITS TRUST TRUS 5183813602 5 SARNOWSKI DRIVE GLENVILLE NY 12302 Michael M Ozimek Trustco Bank EVP & CFO 2025-11-17 true Mallory Fairless P01321579 3128997000 2025-11-17 2024 2025-03-06 01:10:19Z None 14257830 false X n/a X 1985 NY THE TRUSTCO BANK EMPLOYEE BENEFITS TRUST PROVIDES HEALTH AND WELFARE BENEFITS TO EMPLOYEES OF TRUSTCO BANK. THE BENEFITS ASSOCIATED WITH THE TRUST INCLUDE DENTAL INSURANCE, POST RETIREMENT MEDICAL INSURANCE, AND DEATH BENEFITS. 1 1 0 0 1255367 1120238 0 134830 121777 881327 1266385 99766 0 1115923 1388162 0 150310 182064 0 0 0 423089 538071 573399 720135 542524 668027 35352134 40497431 397021 467347 34955113 40030084 THE TRUSTCO BANK EMPLOYEE BENEFITS TRUST PROVIDES HEALTH AND WELFARE BENEFITS TO EMPLOYEES OF TRUSTCO BANK. THE BENEFITS ASSOCIATED WITH THE TRUST INCLUDE DENTAL INSURANCE, POST RETIREMENT MEDICAL INSURANCE, AND DEATH BENEFITS. false false THE TRUSTCO BANK EMPLOYEE BENEFITS TRUST PROVIDES HEALTH AND WELFARE BENEFITS TO EMPLOYEES OF TRUSTCO BANK. THE BENEFITS ASSOCIATED WITH THE TRUST INCLUDE DENTAL INSURANCE, POST RETIREMENT MEDICAL INSURANCE, AND DEATH BENEFITS. 0 false false false false false false false false false false false false false false true true true false false false false false false false false false false false false false false false false false false false false false false false false false false false false true false false false false true 0 0 0 true true false false false false false false false X 1 1 false false false false false false false true false false false false true false false false false false false false false false X MICHAEL OZIMEK 5183813602 5 SARNOWSKI DRIVE GLENVILLE NY 12302 X TRUSTCO BANK NATIONAL ASSOCIATION TRUSTEE 1.0 X 0 0 0 0 0 0 0 false false false 0 0 EMPLOYEE AND RETIREE CONTRIBUTIONS 525100 121777 121777 0 0 0 0 121777 1025075 1014057 11018 0 0 13110978 12869668 241310 0 241310 241310 0 0 0 0 0 1388162 121777 1255367 11018 182064 20647 INCOME TAX EXPENSE 517424 0 720135 18770 296380 4134843 2392017 0 0 0 0 0 0 0 0 0 31159880 37777801 0 0 38641 31233 35352134 40497431 13601 4161 0 0 383420 463186 397021 467347 X 34955113 40030084 34955113 40030084 35352134 40497431 X 668027 4367044 39900 X false true true false 101900 Federal Income Taxes 101900 Postretirement medical and life insurance benefit obligations 350037 Claims Payable 11249 463186 X 5755206 4367044 0 4367044 1388162 0 0 1388162 720135 0 0 720135 0 0 720135 Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote The Trust established under the Trust to hold the Trust's assets obtained its latest determination letter on January 1988, in which the Internal Revenue Service stated that the Trust, as then designed, was in compliance with the applicable requirements of the Internal Revenue Code (IRC). The Trust has been amended since receiving the determination letter. The Trust administrator believes the Trust is currently designed and being operated in compliance with the applicable requirements of the IRC. Accounting principles generally accepted in the United States of America require Trust management to evaluate tax positions taken by the Trust and recognize a tax liability if the Trust has taken an uncertain tax position that more than likely would not be sustained upon the examination by the Internal Revenue Service or other applicable taxing authorities. The Trust is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. However, certain investment income earned by the Trust, including pass through income from certain investments and realized gain/loss on securities, is taxable as unrelated business income. Taxable unrelated business income totaled approximately $1,136,000 and $860,800 in 2024 and 2023, respectively. Income tax expense in 2024 and 2023 was $517,424 and $399,149, respectively. Form 990, Part VI, Line 12a CONFLICT OF INTEREST POLICY THE ORGANIZATION DOES NOT HAVE A CONFLICT OF INTEREST POLICY DUE TO THE NATURE, AND SMALL SIZE OF THIS ORGANIZATION. HOWEVER, THE ORGANIZATION FOLLOWS THE CONFLICT OF INTEREST POLICY OF TRUSTCO BANK, THE PUBLIC COMPANY SPONSOR OF TRUSTCO BANK EMPLOYEE BENEFITS TRUST. THEREFORE, THIS QUESTION HAS BEEN ANSWERED "NO." Form 990, Part VI, Line 13 WHISTLEBLOWER POLICY THE ORGANIZATION DOES NOT HAVE A WRITTEN WHISTLEBLOWER POLICY DUE TO THE NATURE, AND SMALL SIZE OF THIS ORGANIZATION. HOWEVER, THE ORGANIZATION FOLLOWS THE WHISTLEBLOWER POLICY OF TRUSTCO BANK, THE PUBLIC COMPANY SPONSOR OF TRUSTCO BANK EMPLOYEE BENEFITS TRUST. THEREFORE, THIS QUESTION HAS BEEN ANSWERED "NO." Form 990, Part VI, Line 14 DOCUMENT RETENTION AND DESTRUCTION POLICY THE ORGANIZATION DOES NOT HAVE THE DOCUMENT RETENTION AND DESTRUCTION POLICY DUE TO THE NATURE, AND SMALL SIZE OF THIS ORGANIZATION. HOWEVER, THE ORGANIZATION FOLLOWS THE DOCUMENT RETENTION AND DESTRUCTION POLICY OF TRUSTCO BANK, THE PUBLIC COMPANY SPONSOR OF TRUSTCO BANK EMPLOYEE BENEFITS TRUST. THEREFORE, THIS QUESTION HAS BEEN ANSWERED "NO." Form 990, Part VI, Line 15a PROCESS FOR DETERMINING COMPENSATION OF TOP MANAGEMENT OFFICIAL THE ORGANIZATION DOES NOT HAVE A TOP MANAGEMENT OFFICIAL. AS SUCH, THIS QUESTION IS NOT APPLICABLE AND HAS BEEN INTENTIONALLY MARKED "NO." Form 990, Part VI, Line 15b PROCESS FOR DETERMINING COMPENSATION OF OTHER OFFICERS OR KEY EMPLOYEES THE ORGANIZATION DOES NOT HAVE OTHER OFFICERS OR KEY EMPLOYEES. AS SUCH, THIS QUESTION IS NOT APPLICABLE AND HAS BEEN INTENTIONALLY MARKED "NO." Form 990, Part VI, Line 8b Documentation of meetings held by committees of governing body The organization has no committees with authority to act on behalf of the governing body. As such, Line 8b is not applicable and has been checked no, in accordance with the instructions. Form 990, Part VI, Line 11b Review of form 990 by governing body THE INSTITUTIONAL TRUSTEE WAS PROVIDED A COPY OF THE FORM 990 TO REVIEW PRIOR TO FILING WITH THE IRS. Form 990, Part VI, Line 19 Required documents available to the public GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICIES, AND FINANCIAL STATEMENTS ARE NOT REQUIRED DISCLOSURES PURSUANT TO INTERNAL REVENUE CODE (IRC) SECTION 6104. THESE DOCUMENTS ARE NOT AVAILABLE TO THE PUBLIC AT THIS TIME. Form 990, Part XI, Line 9 Other changes in net assets or fund balances DECREASE IN BENEFIT OBLIGATIONS - 39900; Total - 39900; TRUSTCO BANK 5 SARNOWSKI DRIVE GLENVILLE NY 12302 140578631 BANKING NY Trustco Bank Corp NY C Corporation false ORE SUBSIDIARY CORPORATION 5 SARNOWSKI DRIVE GLENVILLE NY 12302 141758282 OTHER REAL ESTATE NY Trustco Bank Corp NY C Corporation false ORE PROPERTY INC 5 SARNOWSKI DRIVE GLENVILLE NY 12302 270430134 OTHER REAL ESTATE NY Trustco Bank Corp NY C Corporation false TRUSTCO INSURANCE AGENCY INC 5 SARNOWSKI DRIVE GLENVILLE NY 12302 262718518 INSURANCE NY Trustco Bank Corp NY C Corporation false TRUSTCO BANK CORP NY 5 SARNOWSKI DRIVE GLENVILLE NY 12302 141630287 Bank Holding Company NY NA C Corporation false ORE PROPERTY ONE INC 5 SARNOWSKI DRIVE GLENVILLE NY 12302 453509076 OTHER REAL ESTATE NY Trustco Bank Corp NY C Corporation false ORE PROPERTY TWO INC 5 SARNOWSKI DRIVE GLENVILLE NY 12302 453509419 OTHER REAL ESTATE NY Trustco Bank Corp NY C Corporation false false false false false false false false false false false false false false false false true false false false