First Niagara Financial Group, Inc. 401(k) Plan: Login, Facts & Contact Information

No recent filing

No Form 5500 has been filed for this plan since plan year 2015. The plan may have been terminated, merged into another plan, or moved to a new sponsor. Everything below comes from its last filing on record.

First Niagara Financial Group, Inc. 401(k) Plan Facts (plan year 2015)

Plan name
401(K) SAVINGS PLAN OF FIRST NIAGARA
Plan type
401(k) with employer contributions and profit sharing with a company-stock (ESOP) component
Plan sponsor
FIRST NIAGARA FINANCIAL GROUP, INC.
Participants
6,783 (5,162 active employees)
Former employees with a balance
1,022
Plan assets
$287,207,348 at Dec 31, 2015
Average account balance
$58,638 across 4,898 accounts
Employer contributions
$13,332,177 in plan year 2015 (33% of all contributions)
Plan year
Jan 1, 2015 – Dec 31, 2015
Plan established
Jan 1, 1990
✓ Employer contributions— Automatic enrollment✓ Default investment for undecided participants✓ Participants choose their own investments— Self-directed brokerage window✓ Profit sharing✓ Company stock (ESOP)

Source: Form 5500 for plan year 2015 (Jan 1, 2015 – Dec 31, 2015), filed Jul 8, 2016. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2015

  • $40.3 million went into the plan in contributions, $13.3 million of it from the employer (33%).
  • $40.0 million was paid out to participants.
  • Investment and other income added $6.20 million.
  • Administrative expenses were $326,776, about $67 per account.

How the First Niagara Financial Group, Inc. 401(k) changed, 2010–2015

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
20103,435$138.4 million$6.29 million$4.74 million
20114,634$143.6 million$8.83 million$10.5 million
20126,463$189.8 million$11.2 million$15.1 million
20137,504$255.1 million$13.5 million$19.6 million
20146,755$281.0 million$14.1 million$27.7 million
20156,783$287.2 million$13.3 million$40.0 million

First Niagara Financial Group, Inc. 401(k) Contact Information

Phone
716-858-3390
Mailing address
726 EXCHANGE STREET, SUITE 700, BUFFALO NY 14210
Plan sponsor
FIRST NIAGARA FINANCIAL GROUP, INC.
Employer identification number (EIN)
42-1556195
Plan number
002

Questions about the First Niagara Financial Group, Inc. 401(k)

Is the First Niagara Financial Group, Inc 401(k) plan still active?

We can't confirm that. The last Form 5500 on record for this plan covers plan year 2015, and no later filing was found under this employer's EIN.

Does First Niagara Financial Group, Inc contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2015 the employer contributed $13.3 million, 33% of all contributions.

Does the First Niagara Financial Group, Inc 401(k) have automatic enrollment?

No. The plan does not report automatic enrollment; employees enroll themselves.

How many people are in the First Niagara Financial Group, Inc 401(k) plan?

6,783 participants at the start of plan year 2015, 5,162 of them active employees, and 1,022 former employees who still had money in the plan.

What is the average 401(k) balance at First Niagara Financial Group, Inc?

About $58,638 per account: $287.2 million in plan assets across 4,898 accounts with a balance at the end of plan year 2015.

Who manages the First Niagara Financial Group, Inc 401(k) accounts?

Milliman is the plan's recordkeeper, which is where participants log in to see their balance.

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