<SEC-DOCUMENT>0001140361-23-032212.txt : 20230629
<SEC-HEADER>0001140361-23-032212.hdr.sgml : 20230629
<ACCEPTANCE-DATETIME>20230629161511
ACCESSION NUMBER:		0001140361-23-032212
CONFORMED SUBMISSION TYPE:	11-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20221231
FILED AS OF DATE:		20230629
DATE AS OF CHANGE:		20230629

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			NBT BANCORP INC
		CENTRAL INDEX KEY:			0000790359
		STANDARD INDUSTRIAL CLASSIFICATION:	NATIONAL COMMERCIAL BANKS [6021]
		IRS NUMBER:				161268674
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		11-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-14703
		FILM NUMBER:		231057550

	BUSINESS ADDRESS:	
		STREET 1:		52 S BROAD ST
		CITY:			NORWICH
		STATE:			NY
		ZIP:			13815
		BUSINESS PHONE:		6073372265

	MAIL ADDRESS:	
		STREET 1:		52 S. BROAD STREET
		CITY:			NORWICH
		STATE:			NY
		ZIP:			13815
</SEC-HEADER>
<DOCUMENT>
<TYPE>11-K
<SEQUENCE>1
<FILENAME>brhc20055059_11k.htm
<DESCRIPTION>11-K
<TEXT>
<html>
  <head>
    <title></title>
    <!-- Licensed to: Broadridge Financial Solutions, Inc.
         Document created using Broadridge PROfile 23.5.1.5152
         Copyright 1995 - 2023 Broadridge -->
  </head>
<body bgcolor="#ffffff" style="font-family: 'Times New Roman'; font-size: 10pt; text-align: left; color: #000000;">
  <div>
    <hr align="center" style="border: none; border-bottom: 1px solid black; border-top: 4px solid black; height: 10px; color: #ffffff; background-color: #ffffff; text-align: center; margin-left: auto; margin-right: auto;">
    <div>
      <div style="text-align: center; color: rgb(0, 0, 0); font-size: 14pt; font-weight: bold;">UNITED STATES</div>
      <div style="text-align: center; color: rgb(0, 0, 0); font-size: 14pt; font-weight: bold;">SECURITIES AND EXCHANGE COMMISSION</div>
      <div style="text-align: center; color: rgb(0, 0, 0); font-size: 12pt; font-weight: bold;">WASHINGTON, D.C. 20549</div>
      <div style="text-align: center; color: #000000; font-weight: bold;"> <br>
      </div>
      <div style="text-align: center; color: #000000; font-weight: bold;">
        <hr noshade="noshade" align="center" style="background-color: #000000; border-bottom: medium none; border-left: medium none; border-right: medium none; border-top: medium none; margin: 0px auto; height: 2px; width: 18%; color: #000000;"> </div>
      <div style="text-align: center; color: rgb(0, 0, 0); font-size: 18pt; font-weight: bold;">FORM 11-K</div>
      <div><br>
      </div>
      <div style="text-align: justify; color: #000000;">(Mark One):</div>
      <div><br>
      </div>
      <div style="text-align: justify;">&#9746; <font style="color: #000000;">ANNUAL REPORT PURSUANT TO SECTION 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934.</font></div>
      <div><br>
      </div>
      <div style="text-align: center; color: #000000; font-weight: bold;">For the fiscal year ended December 31, 2022</div>
      <div><br>
      </div>
      <div style="text-align: center; color: #000000;">OR</div>
      <div><br>
      </div>
      <div style="text-align: justify;">&#9744; <font style="color: #000000;">TRANSITION REPORT PURSUANT TO SECTION 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; color: #000000;">For the transition period from ______________________ to _____________________.</div>
      <div><br>
      </div>
      <div style="text-align: center; color: #000000; font-weight: bold;">Commission File No. 0-14703</div>
      <div style="text-align: justify;"><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="z838e930e8f334439b7cbe0fbafa66049" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 18pt; vertical-align: top; color: #000000;">A.</td>
            <td style="width: auto; vertical-align: top;">
              <div style="color: #000000;">Full title of the plan and the address of the plan, if different from that of the issuer named below:</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <div style="text-align: center; color: #000000; font-weight: bold;">NBT Bancorp Inc. 401(k) and Employee Stock Ownership Plan.</div>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="zbfbb151cb485425fad5b678b49ab5e03" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 18pt; vertical-align: top; color: #000000;">B.</td>
            <td style="width: auto; vertical-align: top;">
              <div style="color: #000000;">Name of issuer of the securities held pursuant to the plan and the address of its principal executive office:</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <div style="text-align: center; color: #000000; font-weight: bold;">NBT Bancorp Inc., 52 South Broad Street, Norwich, New York 13815.</div>
      <div style="color: rgb(0, 0, 0); font-weight: bold;"> <br>
      </div>
      <div style="color: rgb(0, 0, 0); font-weight: bold;">
        <hr align="center" style="border: none; border-bottom: 4px solid black; border-top: 1px solid black; height: 10px; color: #ffffff; background-color: #ffffff; text-align: center; margin-left: auto; margin-right: auto;"></div>
      <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div class="BRPFPageBreak" style="page-break-after: always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <div style="text-align: center; font-weight: bold;">NBT BANCORP INC.</div>
      <div style="text-align: center; font-weight: bold;">401(k) AND EMPLOYEE STOCK</div>
      <div style="text-align: center; font-weight: bold;">OWNERSHIP PLAN</div>
      <div>&#160;</div>
      <div style="text-align: center;">Financial Statements and Supplemental Schedule</div>
      <div>&#160;</div>
      <div style="text-align: center;">December 31, 2022 and 2021</div>
      <div>&#160;</div>
      <div style="text-align: center;">(With Report of Independent Registered Public Accounting Firm Thereon)</div>
      <div>&#160;</div>
      <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div class="BRPFPageBreak" style="page-break-after: always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <div style="text-align: center; font-weight: bold;">NBT BANCORP INC.</div>
      <div style="text-align: center; font-weight: bold;">401(k) AND EMPLOYEE STOCK</div>
      <div style="text-align: center; font-weight: bold;">OWNERSHIP PLAN</div>
      <div>&#160;</div>
      <div style="text-align: center; font-weight: bold;">Table of Contents<a name="TableofContents"><!--Anchor--></a></div>
      <div>&#160;</div>
      <table cellspacing="0" cellpadding="0" id="z1bde6231f576415aa02882dde6236549" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

          <tr>
            <td style="width: 82.45%; vertical-align: top;">&#160;</td>
            <td style="width: 17.55%; vertical-align: top;">
              <div style="text-align: right; font-weight: bold;">Page</div>
            </td>
          </tr>
          <tr>
            <td style="width: 82.45%; vertical-align: top;" rowspan="1">&#160;</td>
            <td style="width: 17.55%; vertical-align: top;" rowspan="1">&#160;</td>
          </tr>
          <tr>
            <td style="width: 82.45%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="margin-right: 72pt;"><a href="#ReportofIndependentRegist">Report of Independent Registered Public Accounting Firm</a></div>
            </td>
            <td style="width: 17.55%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">1</div>
            </td>
          </tr>
          <tr>
            <td style="width: 82.45%; vertical-align: top;" rowspan="1">&#160;</td>
            <td style="width: 17.55%; vertical-align: top;" rowspan="1">&#160;</td>
          </tr>
          <tr>
            <td style="width: 82.45%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="margin-right: 72pt;"><a href="#STATEMENTSOFNETASSETS">Statements of Net Assets Available for Plan Benefits at December 31, 2022 and 2021</a></div>
            </td>
            <td style="width: 17.55%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">2</div>
            </td>
          </tr>
          <tr>
            <td style="width: 82.45%; vertical-align: top;" rowspan="1">&#160;</td>
            <td style="width: 17.55%; vertical-align: top;" rowspan="1">&#160;</td>
          </tr>
          <tr>
            <td style="width: 82.45%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="margin-right: 72pt;"><a href="#STATEMENTSOFCHANGESINNET">Statements of Changes in Net Assets Available for Plan Benefits for the years ended December 31, 2022 and 2021</a></div>
            </td>
            <td style="width: 17.55%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">3</div>
            </td>
          </tr>
          <tr>
            <td style="width: 82.45%; vertical-align: top;" rowspan="1">&#160;</td>
            <td style="width: 17.55%; vertical-align: top;" rowspan="1">&#160;</td>
          </tr>
          <tr>
            <td style="width: 82.45%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="margin-right: 72pt;"><a href="#NOTES">Notes to Financial Statements</a></div>
            </td>
            <td style="width: 17.55%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">4</div>
            </td>
          </tr>
          <tr>
            <td style="width: 82.45%; vertical-align: top;" rowspan="1">&#160;</td>
            <td style="width: 17.55%; vertical-align: top;" rowspan="1">&#160;</td>
          </tr>
          <tr>
            <td style="width: 82.45%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: justify; font-weight: bold;">Supplemental Schedule*</div>
            </td>
            <td style="width: 17.55%; vertical-align: top; text-align: right; background-color: rgb(204, 238, 255);">&#160;</td>
          </tr>
          <tr>
            <td style="width: 82.45%; vertical-align: top;" rowspan="1">&#160;</td>
            <td style="width: 17.55%; vertical-align: top; text-align: right;" rowspan="1">&#160;</td>
          </tr>
          <tr>
            <td style="width: 82.45%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="margin-right: 72pt; text-indent: 18pt;"><a href="#SCHEDULEHLINE4i">Schedule H, Line 4i &#8211; Schedule of Assets (Held at End of Year)</a></div>
            </td>
            <td style="width: 17.55%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">9</div>
            </td>
          </tr>
          <tr>
            <td style="width: 82.45%; vertical-align: top;" rowspan="1">&#160;</td>
            <td style="width: 17.55%; vertical-align: top;" rowspan="1">&#160;</td>
          </tr>

      </table>
      <div style="text-align: justify;">*&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Schedules required by Form 5500 that are not applicable have not been included.</div>
      <div>&#160;</div>
      <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div class="BRPFPageBreak" style="page-break-after: always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
        <div style="width: 100%;" class="BRPFPageHeader">
          <div><a href="#TableofContents"><font style="font-weight: normal; font-size: 8pt; font-style: italic;">Table of Contents</font></a></div>
        </div>
      </div>
      <!--PROfilePageNumberReset%Num%1%%%-->
      <div style="text-align: center; font-weight: bold;">Report of Independent Registered Public Accounting Firm<a name="ReportofIndependentRegist"><!--Anchor--></a></div>
      <div>&#160;</div>
      <div>To the Plan Participants and Plan Administrator</div>
      <div>NBT Bancorp Inc. 401(k) and Employee Stock Ownership Plan</div>
      <div> <br>
      </div>
      <div style="text-align: justify; font-style: italic;">Opinion on the Financial Statements</div>
      <div><br>
      </div>
      <div style="text-align: justify;">We have audited the accompanying statements of net assets available for benefits of NBT Bancorp Inc. 401(k) and Employee Stock Ownership Plan (the Plan) as of December 31, 2022 and 2021, the related statements of
        changes in net assets available for benefits for the years ended December 31, 2022 and 2021, and the related notes (collectively, the financial statements). In our opinion, the financial statements present fairly, in all material respects, the net
        assets available for benefits of the Plan as of December 31, 2022 and 2021, and the changes in net assets available for benefits for the years ended December 31, 2022 and 2021, in conformity with U.S. generally accepted accounting principles.</div>
      <div><br>
      </div>
      <div style="text-align: justify; font-style: italic;">Basis for Opinion</div>
      <div><br>
      </div>
      <div style="text-align: justify;">These financial statements are the responsibility of the Plan&#8217;s management. Our responsibility is to express an opinion on these financial statements based on our audits. We are a public accounting firm registered
        with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Plan in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities
        and Exchange Commission and the PCAOB.</div>
      <div><br>
      </div>
      <div style="text-align: justify;">We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of
        material misstatement, whether due to error or fraud. Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those
        risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management,
        as well as evaluating the overall presentation of the financial statements. We believe that our audits provide a reasonable basis for our opinion.</div>
      <div><br>
      </div>
      <div style="text-align: justify; font-style: italic;">Accompanying Supplemental Information</div>
      <div><br>
      </div>
      <div style="text-align: justify;">The Schedule H, line 4i - Schedule of Assets (Held at End of Year) as of December 31, 2022 has been subjected to audit procedures performed in conjunction with the audit of the Plan&#8217;s financial statements. The
        supplemental information is the responsibility of the Plan&#8217;s management. Our audit procedures included determining whether the supplemental information reconciles to the financial statements or the underlying accounting and other records, as
        applicable, and performing procedures to test the completeness and accuracy of the information presented in the supplemental information. In forming our opinion on the supplemental information, we evaluated whether the supplemental information,
        including its form and content, is presented in conformity with the Department of Labor&#8217;s Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974. In our opinion, the supplemental information is
        fairly stated, in all material respects, in relation to the financial statements as a whole.</div>
      <div><br>
      </div>
      <div>/s/ KPMG LLP</div>
      <div><br>
      </div>
      <div>We have served as the Plan&#8217;s auditor since 1987.</div>
      <div><br>
      </div>
      <div>Albany, New York</div>
      <div>June 29, 2023</div>
      <div><br>
      </div>
      <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="width: 100%;" class="BRPFPageFooter"></div>
        <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-size: 8pt; color: #000000; font-weight: normal; font-style: normal;" class="BRPFPageNumber">1</font></div>
        <div class="BRPFPageBreak" style="page-break-after: always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
        <div style="width: 100%;" class="BRPFPageHeader">
          <div><a href="#TableofContents"><font style="font-weight: normal; font-size: 8pt; font-style: italic;">Table of Contents</font></a></div>
        </div>
      </div>
      <div style="text-align: center; font-weight: bold;">NBT BANCORP INC.</div>
      <div style="text-align: center; font-weight: bold;">401(k) AND EMPLOYEE STOCK OWNERSHIP PLAN</div>
      <div style="text-align: center; font-weight: bold;"><a name="STATEMENTSOFNETASSETS"><!--Anchor--></a>STATEMENTS OF NET ASSETS AVAILABLE FOR PLAN BENEFITS</div>
      <div style="text-align: center; font-weight: bold;">December 31, 2022 and 2021</div>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman'; font-size: 10pt; text-align: left; color: #000000; width: 100%;" id="zcdc391ec98dc40fd8a6dd56512e4b534" class="cfttable">

          <tr>
            <td valign="bottom" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); width: 76.75%;">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); width: 1.04%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);" colspan="2">
              <div style="text-align: center; font-weight: bold;"> 2022</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); width: 1.04%;" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); width: 1.04%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);" colspan="2">
              <div style="text-align: center; font-weight: bold;">2021</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); width: 1%;" colspan="1">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 76.75%;">
              <div style="text-indent: -7.2pt; margin-left: 7.2pt; font-weight: bold;">Assets</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1.04%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom;" colspan="2">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1.04%;" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1.04%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom;" colspan="2">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 76.75%;">
              <div style="text-indent: -7.2pt; margin-left: 16.2pt;">Investments, at fair value:</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1.04%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom;" colspan="2">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1.04%;" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1.04%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom;" colspan="2">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 76.75%; background-color: rgb(204, 238, 255);">
              <div style="text-indent: -7.2pt; margin-left: 25.2pt;">Mutual funds</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1.04%; background-color: rgb(204, 238, 255);" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1" class="cftcurrcell">
              <div style="font-weight: bold;">$</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9.09%; background-color: rgb(204, 238, 255);" colspan="1" class="cftnumcell">
              <div style="font-weight: bold;">213,888,374</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1.04%; background-color: rgb(204, 238, 255);" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1.04%; background-color: rgb(204, 238, 255);" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1" class="cftcurrcell">
              <div>$</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 8%; background-color: rgb(204, 238, 255);" colspan="1" class="cftnumcell">
              <div>261,955,990</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 1%; background-color: rgb(204, 238, 255);" colspan="1" class="cftnumcell">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 76.75%;">
              <div style="text-indent: -7.2pt; margin-left: 25.2pt;">Common stock of NBT Bancorp Inc.</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1.04%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9.09%;" colspan="1" class="cftnumcell">
              <div style="font-weight: bold;">36,531,315</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1.04%;" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1.04%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 8%;" colspan="1" class="cftnumcell">
              <div>32,371,061</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 1%;" colspan="1" class="cftnumcell">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 76.75%; background-color: rgb(204, 238, 255);">
              <div style="text-indent: -7.2pt; margin-left: 25.2pt;">Stable value fund</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1.04%; background-color: rgb(204, 238, 255);" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9.09%; background-color: rgb(204, 238, 255);" colspan="1" class="cftnumcell">
              <div style="font-weight: bold;">19,486,063</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1.04%; background-color: rgb(204, 238, 255);" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1.04%; background-color: rgb(204, 238, 255);" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 8%; background-color: rgb(204, 238, 255);" colspan="1" class="cftnumcell">
              <div>18,725,214</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 1%; background-color: rgb(204, 238, 255);" colspan="1" class="cftnumcell">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 76.75%; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-indent: -7.2pt; margin-left: 25.2pt;">Cash and money market funds</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1.04%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9.09%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1" class="cftnumcell">
              <div style="font-weight: bold;">866,221</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1.04%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1.04%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 8%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1" class="cftnumcell">
              <div>655,938</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1" class="cftnumcell">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 76.75%; background-color: rgb(204, 238, 255);">
              <div style="text-indent: -7.2pt; margin-left: 34.2pt;">Total investments, at fair value</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1.04%; background-color: rgb(204, 238, 255);" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1" class="cftcurrcell">
              <div style="font-weight: bold;">$</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9.09%; background-color: rgb(204, 238, 255);" colspan="1" class="cftnumcell">
              <div style="font-weight: bold;">270,771,973</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1.04%; background-color: rgb(204, 238, 255);" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1.04%; background-color: rgb(204, 238, 255);" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1" class="cftcurrcell">
              <div>$</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 8%; background-color: rgb(204, 238, 255);" colspan="1" class="cftnumcell">
              <div>313,708,203</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 1%; background-color: rgb(204, 238, 255);" colspan="1" class="cftnumcell">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 76.75%;">
              <div style="text-indent: -7.2pt; margin-left: 16.2pt;">Receivables:</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1.04%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9.09%;" colspan="1" class="cftnumcell">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1.04%;" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1.04%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 8%;" colspan="1" class="cftnumcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 1%;" colspan="1" class="cftnumcell">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 76.75%; background-color: rgb(204, 238, 255);">
              <div style="text-indent: -7.2pt; margin-left: 25.2pt;">Notes receivable from participants</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1.04%; background-color: rgb(204, 238, 255);" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1" class="cftcurrcell">
              <div style="font-weight: bold;">$</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9.09%; background-color: rgb(204, 238, 255);" colspan="1" class="cftnumcell">
              <div style="font-weight: bold;">2,776,448</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1.04%; background-color: rgb(204, 238, 255);" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1.04%; background-color: rgb(204, 238, 255);" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1" class="cftcurrcell">
              <div>$</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 8%; background-color: rgb(204, 238, 255);" colspan="1" class="cftnumcell">
              <div>2,960,370</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 1%; background-color: rgb(204, 238, 255);" colspan="1" class="cftnumcell">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 76.75%;">
              <div style="text-indent: -7.2pt; margin-left: 25.2pt;">Due from broker</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1.04%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9.09%;" colspan="1" class="cftnumcell">
              <div style="font-weight: bold;">17,493</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1.04%;" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1.04%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 8%;" colspan="1" class="cftnumcell">
              <div>1,996</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 1%;" colspan="1" class="cftnumcell">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 76.75%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-indent: -7.2pt; margin-left: 25.2pt;">Contributions receivable from employer</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1.04%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0);" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9.09%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1" class="cftnumcell">
              <div style="font-weight: bold;">1,513,009</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1.04%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0);" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1.04%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0);" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 8%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1" class="cftnumcell">
              <div>1,280,571</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1" class="cftnumcell">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 76.75%; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-indent: -7.2pt; margin-left: 34.2pt;">Total receivables</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1.04%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1" class="cftcurrcell">
              <div style="font-weight: bold;">$</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9.09%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1" class="cftnumcell">
              <div style="font-weight: bold;">4,306,950</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1.04%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1.04%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1" class="cftcurrcell">
              <div>$</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 8%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1" class="cftnumcell">
              <div>4,242,937</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1" class="cftnumcell">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 76.75%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-indent: -7.2pt; margin-left: 43.2pt;">Total assets</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1.04%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0);" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1" class="cftcurrcell">
              <div style="font-weight: bold;">$</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9.09%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1" class="cftnumcell">
              <div style="font-weight: bold;">275,078,923</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1.04%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0);" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1.04%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0);" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1" class="cftcurrcell">
              <div>$</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 8%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1" class="cftnumcell">
              <div>317,951,140</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1" class="cftnumcell">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 76.75%;">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1.04%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9.09%;" colspan="1" class="cftnumcell">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1.04%;" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1.04%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 8%;" colspan="1" class="cftnumcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 1%;" colspan="1" class="cftnumcell">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 76.75%; background-color: rgb(204, 238, 255);">
              <div style="text-indent: -7.2pt; margin-left: 7.2pt; font-weight: bold;">Liabilities</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1.04%; background-color: rgb(204, 238, 255);" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9.09%; background-color: rgb(204, 238, 255);" colspan="1" class="cftnumcell">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1.04%; background-color: rgb(204, 238, 255);" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1.04%; background-color: rgb(204, 238, 255);" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 8%; background-color: rgb(204, 238, 255);" colspan="1" class="cftnumcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 1%; background-color: rgb(204, 238, 255);" colspan="1" class="cftnumcell">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 76.75%; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-indent: -7.2pt; margin-left: 16.2pt;">Due to broker</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1.04%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1" class="cftcurrcell">
              <div style="font-weight: bold;">$</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9.09%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1" class="cftnumcell">
              <div style="font-weight: bold;">532,723</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1.04%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1.04%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1" class="cftcurrcell">
              <div>$</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 8%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1" class="cftnumcell">
              <div>575,963</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1" class="cftnumcell">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 76.75%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-indent: -7.2pt; margin-left: 25.2pt;">Total liabilities</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1.04%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0);" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1" class="cftcurrcell">
              <div style="font-weight: bold;">$</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9.09%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1" class="cftnumcell">
              <div style="font-weight: bold;">532,723</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1.04%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0);" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1.04%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0);" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1" class="cftcurrcell">
              <div>$</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 8%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1" class="cftnumcell">
              <div>575,963</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1" class="cftnumcell">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 76.75%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1.04%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9.09%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1" class="cftnumcell">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1.04%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1.04%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 8%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1" class="cftnumcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1" class="cftnumcell">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 76.75%; background-color: rgb(204, 238, 255); border-bottom: 4px double rgb(0, 0, 0);">
              <div style="text-indent: -7.2pt; margin-left: 25.2pt;">Net assets available for plan benefits</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1.04%; background-color: rgb(204, 238, 255); border-bottom: 4px double rgb(0, 0, 0);" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1" class="cftcurrcell">
              <div style="font-weight: bold;">$</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9.09%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1" class="cftnumcell">
              <div style="font-weight: bold;">274,546,200</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1.04%; background-color: rgb(204, 238, 255); border-bottom: 4px double rgb(0, 0, 0);" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1.04%; background-color: rgb(204, 238, 255); border-bottom: 4px double rgb(0, 0, 0);" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1" class="cftcurrcell">
              <div>$</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 8%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1" class="cftnumcell">
              <div>317,375,177</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1" class="cftnumcell">&#160;</td>
          </tr>

      </table>
      <div><br>
      </div>
      <div style="text-align: center;">See accompanying notes to financial statements.</div>
      <div style="text-align: justify;"><br>
      </div>
      <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="width: 100%;" class="BRPFPageFooter"></div>
        <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-size: 8pt; color: #000000; font-weight: normal; font-style: normal;" class="BRPFPageNumber">2</font></div>
        <div class="BRPFPageBreak" style="page-break-after: always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
        <div style="width: 100%;" class="BRPFPageHeader">
          <div><a href="#TableofContents"><font style="font-weight: normal; font-size: 8pt; font-style: italic;">Table of Contents</font></a></div>
        </div>
      </div>
      <div>
        <div style="text-align: center; font-weight: bold;">NBT BANCORP INC.</div>
        <div style="text-align: center; font-weight: bold;">401(k) AND EMPLOYEE STOCK OWNERSHIP PLAN</div>
        <div style="text-align: center; font-weight: bold;"><a name="STATEMENTSOFCHANGESINNET"><!--Anchor--></a>STATEMENTS OF CHANGES IN NET ASSETS AVAILABLE FOR PLAN BENEFITS</div>
        <div style="text-align: center; font-weight: bold;">Years Ended December 31, 2022 and 2021</div>
        <div style="text-align: center; font-weight: bold;"> <br>
        </div>
      </div>
      <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman'; font-size: 10pt; text-align: left; color: #000000; width: 100%;" id="ze9158ac9f887471ebfbd27fb3b12057d" class="cfttable">

          <tr>
            <td valign="bottom" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); width: 76.75%;">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); width: 1.04%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);" colspan="2">
              <div style="text-align: center; font-weight: bold;"> 2022</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); width: 1.04%;" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); width: 1.04%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);" colspan="2">
              <div style="text-align: center; font-weight: bold;">2021</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); width: 1%;" colspan="1">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 76.75%;">
              <div style="text-indent: -7.2pt; margin-left: 7.2pt; font-weight: bold;">Additions (reductions)</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1.04%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom;" colspan="2">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1.04%;" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1.04%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom;" colspan="2">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 76.75%;">
              <div style="text-indent: -7.2pt; margin-left: 16.2pt;">Net investment (loss) income:</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1.04%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom;" colspan="2">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1.04%;" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1.04%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom;" colspan="2">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 76.75%; background-color: rgb(204, 238, 255);">
              <div style="text-indent: -7.2pt; margin-left: 25.2pt;">Net (depreciation) appreciation in fair value of investment</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1.04%; background-color: rgb(204, 238, 255);" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1" class="cftcurrcell">
              <div style="font-weight: bold;">$</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9.09%; background-color: rgb(204, 238, 255);" colspan="1" class="cftnumcell">
              <div style="font-weight: bold;">(60,935,528</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1.04%; background-color: rgb(204, 238, 255);" colspan="1" class="cftfncell">
              <div style="font-weight: bold;">)</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1.04%; background-color: rgb(204, 238, 255);" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1" class="cftcurrcell">
              <div>$</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 8%; background-color: rgb(204, 238, 255);" colspan="1" class="cftnumcell">
              <div>27,360,654</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 1%; background-color: rgb(204, 238, 255);" colspan="1" class="cftnumcell">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 76.75%;">
              <div style="text-indent: -7.2pt; margin-left: 25.2pt;">Dividends</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1.04%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9.09%;" colspan="1" class="cftnumcell">
              <div style="font-weight: bold;">12,623,150</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1.04%;" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1.04%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 8%;" colspan="1" class="cftnumcell">
              <div>17,394,336</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 1%;" colspan="1" class="cftnumcell">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 76.75%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-indent: -7.2pt; margin-left: 25.2pt;">Interest</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1.04%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0);" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9.09%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1" class="cftnumcell">
              <div style="font-weight: bold;">300,133</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1.04%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0);" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1.04%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0);" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 8%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1" class="cftnumcell">
              <div>283,804</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1" class="cftnumcell">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 76.75%; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-indent: -7.2pt; margin-left: 34.2pt;">Total net investment (loss) income</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1.04%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1" class="cftcurrcell">
              <div style="font-weight: bold;">$</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9.09%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1" class="cftnumcell">
              <div style="font-weight: bold;">(48,012,245</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1.04%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1" class="cftfncell">
              <div style="font-weight: bold;">)</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1.04%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1" class="cftcurrcell">
              <div>$</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 8%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1" class="cftnumcell">
              <div>45,038,794</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1" class="cftnumcell">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 76.75%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1.04%; background-color: rgb(204, 238, 255);" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9.09%; background-color: rgb(204, 238, 255);" colspan="1" class="cftnumcell">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1.04%; background-color: rgb(204, 238, 255);" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1.04%; background-color: rgb(204, 238, 255);" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 8%; background-color: rgb(204, 238, 255);" colspan="1" class="cftnumcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 1%; background-color: rgb(204, 238, 255);" colspan="1" class="cftnumcell">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 76.75%;">
              <div style="text-indent: -7.2pt; margin-left: 7.2pt;">Interest income on notes receivable from participants</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1.04%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">
              <div style="font-weight: bold;">$</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9.09%;" colspan="1" class="cftnumcell">
              <div style="font-weight: bold;">134,383</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1.04%;" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1.04%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">
              <div>$</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 8%;" colspan="1" class="cftnumcell">
              <div>149,219</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 1%;" colspan="1" class="cftnumcell">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 76.75%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1.04%; background-color: rgb(204, 238, 255);" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9.09%; background-color: rgb(204, 238, 255);" colspan="1" class="cftnumcell">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1.04%; background-color: rgb(204, 238, 255);" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1.04%; background-color: rgb(204, 238, 255);" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 8%; background-color: rgb(204, 238, 255);" colspan="1" class="cftnumcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 1%; background-color: rgb(204, 238, 255);" colspan="1" class="cftnumcell">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 76.75%;">
              <div style="text-indent: -7.2pt; margin-left: 16.2pt;">Contributions:</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1.04%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9.09%;" colspan="1" class="cftnumcell">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1.04%;" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1.04%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 8%;" colspan="1" class="cftnumcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 1%;" colspan="1" class="cftnumcell">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 76.75%; background-color: rgb(204, 238, 255);">
              <div style="text-indent: -7.2pt; margin-left: 25.2pt;">Participants</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1.04%; background-color: rgb(204, 238, 255);" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1" class="cftcurrcell">
              <div style="font-weight: bold;">$</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9.09%; background-color: rgb(204, 238, 255);" colspan="1" class="cftnumcell">
              <div style="font-weight: bold;">11,748,162</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1.04%; background-color: rgb(204, 238, 255);" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1.04%; background-color: rgb(204, 238, 255);" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1" class="cftcurrcell">
              <div>$</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 8%; background-color: rgb(204, 238, 255);" colspan="1" class="cftnumcell">
              <div>10,978,328</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 1%; background-color: rgb(204, 238, 255);" colspan="1" class="cftnumcell">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 76.75%;">
              <div style="text-indent: -7.2pt; margin-left: 25.2pt;">Employer</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1.04%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9.09%;" colspan="1" class="cftnumcell">
              <div style="font-weight: bold;">5,814,960</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1.04%;" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1.04%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 8%;" colspan="1" class="cftnumcell">
              <div>5,318,892</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 1%;" colspan="1" class="cftnumcell">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 76.75%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-indent: -7.2pt; margin-left: 25.2pt;">Rollovers</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1.04%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0);" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9.09%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1" class="cftnumcell">
              <div style="font-weight: bold;">2,262,633</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1.04%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0);" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1.04%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0);" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 8%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1" class="cftnumcell">
              <div>696,355</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1" class="cftnumcell">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 76.75%; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-indent: -7.2pt; margin-left: 34.2pt;">Total contributions</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1.04%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1" class="cftcurrcell">
              <div style="font-weight: bold;">$</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9.09%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1" class="cftnumcell">
              <div style="font-weight: bold;">19,825,755</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1.04%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1.04%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1" class="cftcurrcell">
              <div>$</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 8%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1" class="cftnumcell">
              <div>16,993,575</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1" class="cftnumcell">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 76.75%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1.04%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0);" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9.09%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1" class="cftnumcell">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1.04%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0);" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1.04%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0);" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 8%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1" class="cftnumcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1" class="cftnumcell">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 76.75%; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-indent: -7.2pt; margin-left: 43.2pt;">Total (reductions) additions</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1.04%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1" class="cftcurrcell">
              <div style="font-weight: bold;">$</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9.09%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1" class="cftnumcell">
              <div style="font-weight: bold;">(28,052,107</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1.04%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1" class="cftfncell">
              <div style="font-weight: bold;">)</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1.04%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1" class="cftcurrcell">
              <div>$</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 8%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1" class="cftnumcell">
              <div>62,181,588</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1" class="cftnumcell">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 76.75%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1.04%; background-color: rgb(204, 238, 255);" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9.09%; background-color: rgb(204, 238, 255);" colspan="1" class="cftnumcell">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1.04%; background-color: rgb(204, 238, 255);" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1.04%; background-color: rgb(204, 238, 255);" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 8%; background-color: rgb(204, 238, 255);" colspan="1" class="cftnumcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 1%; background-color: rgb(204, 238, 255);" colspan="1" class="cftnumcell">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 76.75%;">
              <div style="text-indent: -7.2pt; margin-left: 7.2pt; font-weight: bold;">Deductions</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1.04%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9.09%;" colspan="1" class="cftnumcell">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1.04%;" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1.04%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 8%;" colspan="1" class="cftnumcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 1%;" colspan="1" class="cftnumcell">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 76.75%; background-color: rgb(204, 238, 255);">
              <div style="text-indent: -7.2pt; margin-left: 16.2pt;">Distributions to participants</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1.04%; background-color: rgb(204, 238, 255);" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1" class="cftcurrcell">
              <div style="font-weight: bold;">$</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9.09%; background-color: rgb(204, 238, 255);" colspan="1" class="cftnumcell">
              <div style="font-weight: bold;">(14,753,392</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1.04%; background-color: rgb(204, 238, 255);" colspan="1" class="cftfncell">
              <div style="font-weight: bold;">)</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1.04%; background-color: rgb(204, 238, 255);" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1" class="cftcurrcell">
              <div>$</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 8%; background-color: rgb(204, 238, 255);" colspan="1" class="cftnumcell">
              <div>(19,186,318)</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 1%; background-color: rgb(204, 238, 255);" colspan="1" class="cftnumcell">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 76.75%; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-indent: -7.2pt; margin-left: 16.2pt;">Administrative expenses</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1.04%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9.09%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1" class="cftnumcell">
              <div style="font-weight: bold;">(23,478</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1.04%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1" class="cftfncell">
              <div style="font-weight: bold;">)</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1.04%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 8%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1" class="cftnumcell">
              <div>(12,203)</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1" class="cftnumcell">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 76.75%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-indent: -7.2pt; margin-left: 25.2pt;">Total deductions</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1.04%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0);" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1" class="cftcurrcell">
              <div style="font-weight: bold;">$</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9.09%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1" class="cftnumcell">
              <div style="font-weight: bold;">(14,776,870</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1.04%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0);" colspan="1" class="cftfncell">
              <div style="font-weight: bold;">)</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1.04%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0);" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1" class="cftcurrcell">
              <div>$</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 8%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1" class="cftnumcell">
              <div>(19,198,521)</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1" class="cftnumcell">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 76.75%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1.04%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9.09%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1" class="cftnumcell">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1.04%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1.04%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 8%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1" class="cftnumcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1" class="cftnumcell">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 76.75%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-indent: -7.2pt; margin-left: 7.2pt; font-weight: bold;">Net (decrease) increase in net assets available for plan benefits</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1.04%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0);" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1" class="cftcurrcell">
              <div style="font-weight: bold;">$</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9.09%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1" class="cftnumcell">
              <div style="font-weight: bold;">(42,828,977</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1.04%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0);" colspan="1" class="cftfncell">
              <div style="font-weight: bold;">)</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1.04%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0);" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1" class="cftcurrcell">
              <div>$</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 8%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1" class="cftnumcell">
              <div>42,983,067</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1" class="cftnumcell">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 76.75%;">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1.04%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9.09%;" colspan="1" class="cftnumcell">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1.04%;" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1.04%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 8%;" colspan="1" class="cftnumcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 1%;" colspan="1" class="cftnumcell">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 76.75%; background-color: rgb(204, 238, 255);">
              <div style="text-indent: -7.2pt; margin-left: 7.2pt; font-weight: bold;">Net assets available for plan benefits</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1.04%; background-color: rgb(204, 238, 255);" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9.09%; background-color: rgb(204, 238, 255);" colspan="1" class="cftnumcell">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1.04%; background-color: rgb(204, 238, 255);" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1.04%; background-color: rgb(204, 238, 255);" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 8%; background-color: rgb(204, 238, 255);" colspan="1" class="cftnumcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 1%; background-color: rgb(204, 238, 255);" colspan="1" class="cftnumcell">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 76.75%; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-indent: -7.2pt; margin-left: 16.2pt;">Beginning of year</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1.04%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1" class="cftcurrcell">
              <div style="font-weight: bold;">$</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9.09%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1" class="cftnumcell">
              <div style="font-weight: bold;">317,375,177</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1.04%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1.04%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1" class="cftcurrcell">
              <div>$</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 8%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1" class="cftnumcell">
              <div>274,392,110</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1" class="cftnumcell">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 76.75%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-indent: -7.2pt; margin-left: 16.2pt;">End of year</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1.04%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0);" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1" class="cftcurrcell">
              <div style="font-weight: bold;">$</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9.09%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1" class="cftnumcell">
              <div style="font-weight: bold;">274,546,200</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1.04%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0);" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1.04%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0);" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1" class="cftcurrcell">
              <div>$</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 8%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1" class="cftnumcell">
              <div>317,375,177</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1" class="cftnumcell">&#160;</td>
          </tr>

      </table>
      <div style="text-align: justify;"> <br>
      </div>
      <div style="text-align: center;">See accompanying notes to financial statements.</div>
      <div><br>
      </div>
      <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="width: 100%;" class="BRPFPageFooter"></div>
        <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-size: 8pt; color: #000000; font-weight: normal; font-style: normal;" class="BRPFPageNumber">3</font></div>
        <div class="BRPFPageBreak" style="page-break-after: always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
        <div style="width: 100%;" class="BRPFPageHeader">
          <div><a href="#TableofContents"><font style="font-weight: normal; font-size: 8pt; font-style: italic;">Table of Contents</font></a></div>
        </div>
      </div>
      <div>
        <div>
          <div style="text-align: center; font-weight: bold;">NBT BANCORP INC.</div>
          <div style="text-align: center; font-weight: bold;">401(k) AND EMPLOYEE STOCK OWNERSHIP PLAN</div>
          <div style="text-align: center; font-weight: bold;"><a name="NOTES"><!--Anchor--></a>NOTES TO FINANCIAL STATEMENTS</div>
          <div style="text-align: center; font-weight: bold;">December 31, 2022 and 2021</div>
          <div style="text-align: center; font-weight: bold;"> <br>
          </div>
        </div>
        <table cellspacing="0" cellpadding="0" id="z24f744085e1b43ce805d8a8820778938" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

            <tr>
              <td style="width: 36pt; vertical-align: top; text-align: right;">
                <div style="text-align: left; font-weight: bold;"><font style="font-weight: bold;">1.</font></div>
              </td>
              <td style="width: auto; vertical-align: top;">
                <div style="text-align: justify;"><font style="font-weight: bold;">Description of Plan</font></div>
              </td>
            </tr>

        </table>
      </div>
      <div><br>
      </div>
      <div style="text-align: justify;">The following description of the NBT Bancorp Inc. 401(k) and Employee Stock Ownership Plan (&#8220;the Plan&#8221;) provides only general information. Participants should refer to the Plan Agreement or Summary Plan Description
        for a more complete description of the Plan&#8217;s provisions.</div>
      <div><br>
      </div>
      <div style="text-align: justify; font-weight: bold;">General</div>
      <div><br>
      </div>
      <div style="text-align: justify;">The Plan is a defined contribution plan as defined under Section 401(a) of the Internal Revenue Code (&#8220;IRC&#8221;), sponsored by NBT Bancorp Inc. (&#8220;the Sponsor&#8221;, &#8220;the Plan Administrator&#8221; or &#8220;the Company&#8221;). The Sponsor is
        responsible for administration of the Plan. NBT Bank, N.A, is a wholly-owned subsidiary of NBT Bancorp Inc. NBT Bank, N.A. is the trustee of the Plan (&#8220;the Trustee&#8221;) and Charles Schwab Bank is the Custodian of the Plan. EPIC Retirement Plan
        Services, a wholly&#8209;owned subsidiary of NBT Financial Services, Inc., a wholly&#8209;owned subsidiary of the Sponsor, is the Plan&#8217;s record keeper. The assets of the Plan are held, administered and managed in accordance with the terms and conditions of the
        Trust Agreement, which is considered to be an integral part of the Plan.</div>
      <div><br>
      </div>
      <div style="text-align: justify;">The Plan is subject to the provisions of the Employee Retirement Income Security Act of 1974, as amended (&#8220;ERISA&#8221;).</div>
      <div><br>
      </div>
      <div style="text-align: justify;">The Plan was amended and restated, in its entirety, effective as of January 1, 2021, to operate under an IRS pre-approved plan document, as administered by EPIC Retirement Plan Services.</div>
      <div><br>
      </div>
      <div style="text-align: justify;">The Plan was amended and restated, in its entirety, effective as of April 1, 2022, to include predecessor service for Cleveland Hauswirth Investment Management and HA Rogers, and to include NBT Capital Management
        Inc. as a participating employer. NBT Capital Management Inc. became a participating employer on April 1, 2022. NBT Capital Management Inc. became a participating employer on April 1, 2022.<br>
      </div>
      <div><br>
      </div>
      <div style="text-align: justify; font-weight: bold;">Eligibility</div>
      <div><br>
      </div>
      <div style="text-align: justify;">All employees who are age 21 or over and scheduled to complete 1,000 hours of service or have completed 1,000 hours of service are eligible to participate in the Plan. Eligible employees are required to complete 30
        days of employment prior to entry into the Plan. A deemed election becomes effective as of the first day of the month the eligible employee becomes a participant and is eligible to make a deferral election to the Plan.</div>
      <div><br>
      </div>
      <div style="text-align: justify; font-weight: bold;">Contributions and Deferrals</div>
      <div><br>
      </div>
      <div style="text-align: justify;">Participants may make pre&#8209;tax and post-tax contributions in whole percentages or may elect a flat dollar contribution up to Internal Revenue Service (&#8220;IRS&#8221;) limitations for any plan year. The post-tax contributions
        are deferrals to Roth accounts.</div>
      <div><br>
      </div>
      <div style="text-align: justify;">The Plan includes provisions for automatic elective contributions under which any employee that meets certain eligibility requirements will be automatically enrolled in the Plan and will automatically have 6%
        withheld from his or her compensation and contributed to the Plan. The employee will have to elect to opt out of the qualified automatic contribution election.</div>
      <div><br>
      </div>
      <div style="text-align: justify;">The Company&#8217;s matching contribution is 100% of each participant&#8217;s contribution up to 1% of compensation plus 50% of the next 5% of compensation for a total matching contribution of up to 3.5% of compensation. The
        Company match amounted to $4,308,783 and $4,038,321 in 2022 and 2021, respectively. A discretionary amount, determined by the Sponsor&#8217;s Board of Directors, may be contributed to the Plan each year. To share in this discretionary contribution,
        participants must be actively employed on the last day of the year, have completed 1,000 hours of service and have contributed a minimum percentage of compensation during the year as determined annually by the Company. The amount is allocated to
        participants on a pro-rata basis, based on compensation. During 2022, discretionary contributions of $1,187,294 were approved by the Sponsor&#8217;s board of directors and were paid during 2023. During 2021, discretionary contributions of $901,093 were
        approved by the Sponsor&#8217;s board of directors and were paid during 2022. In 2022, an additional discretionary contribution of $134,000 for plan year 2021 was approved by the Sponsor, to be paid after June 30, 2022. These discretionary contributions
        are included in contributions receivable from employer in the Statement of Net Assets Available for Plan Benefits as of December 31, 2022 and 2021.</div>
      <div><br>
      </div>
      <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="width: 100%;" class="BRPFPageFooter"></div>
        <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-size: 8pt; color: #000000; font-weight: normal; font-style: normal;" class="BRPFPageNumber">4</font></div>
        <div class="BRPFPageBreak" style="page-break-after: always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
        <div style="width: 100%;" class="BRPFPageHeader">
          <div><a href="#TableofContents"><font style="font-weight: normal; font-size: 8pt; font-style: italic;">Table of Contents</font></a></div>
        </div>
      </div>
      <div style="text-align: justify;">
        <div style="text-align: center; font-weight: bold;">NBT BANCORP INC.</div>
        <div style="text-align: center; font-weight: bold;">401(k) AND EMPLOYEE STOCK OWNERSHIP PLAN</div>
        <div style="text-align: center; font-weight: bold;">NOTES TO FINANCIAL STATEMENTS</div>
        <div style="text-align: center; font-weight: bold;">December 31, 2022 and 2021</div>
        <div style="text-align: center; font-weight: bold;"> <br>
        </div>
      </div>
      <div style="text-align: justify;">In addition, as defined in the Plan document, employees participating in the Plan under the Worker Retirement Accumulation Plan (&#8220;WRAP&#8221;) design can receive an additional discretionary Company contribution equal to
        the interest credit on service credits earned under the WRAP design. The Company contribution for employees participating in the WRAP amounted to $318,883 in 2022, which was paid during 2023, and $245,478 in 2021, which was paid during 2022. These
        discretionary contributions are included in contributions receivable from employer in the Statement of Net Assets Available for Plan Benefits as of December 31, 2022 and 2021.</div>
      <div><br>
      </div>
      <div style="text-align: justify; font-weight: bold;">Participant Accounts</div>
      <div><br>
      </div>
      <div style="text-align: justify;">Participants elect to have their contributions invested among the various funds available to the Plan, including NBT Bancorp Inc. common stock. Each participant&#8217;s account is credited with the Sponsor&#8217;s and
        participant&#8217;s contributions, plan earnings and income, expenses, gains and losses attributable thereto.</div>
      <div><br>
      </div>
      <div style="text-align: justify; font-weight: bold;">Vesting</div>
      <div><br>
      </div>
      <div style="text-align: justify;">Participants&#8217; contributions and net investment income or loss thereon are 100% vested. The participants&#8217; vesting in Safe Harbor employer matching contributions are 100% vested upon completion of two years of service.
        Employer discretionary contributions are vested after five years of service. Participants are considered 100% vested upon termination due to death, retirement or permanent disability.</div>
      <div><br>
      </div>
      <div style="text-align: justify; font-weight: bold;">Rollovers and Transfers from Other Qualifying Plans</div>
      <div><br>
      </div>
      <div style="text-align: justify;">Participants may make rollover contributions to the Plan through a distribution from a former employer&#8217;s qualified retirement plan in accordance with the IRC.</div>
      <div><br>
      </div>
      <div style="text-align: justify; font-weight: bold;">Notes Receivable from Participants</div>
      <div><br>
      </div>
      <div style="text-align: justify;">Participants may borrow from their account in amounts ranging from $1,000 to the lesser of $50,000 or 50% of the vested 401(k) account balance excluding Company contributions invested in NBT Bancorp Inc. common stock
        and employer contributions made subsequent to January 1, 1997. Loans, other than loans for the purchase of a primary residence, must be repaid over a period no longer than five years. Loans for the purchase of a primary residence must be repaid
        over a period no longer than 15 years. Interest is charged at the prime rate plus 1% as of the loan origination date. Participant loans are treated as a transfer from the participant directed accounts into the loan fund. Principal and interest
        payments on the loans are allocated to the loan fund and transferred into the participant directed accounts based on the participants&#8217; current investment allocation elections.</div>
      <div><br>
      </div>
      <div style="text-align: justify; font-weight: bold;">Payment of Benefits</div>
      <div><br>
      </div>
      <div style="text-align: justify;">Upon normal or early retirement, disability, death or termination of employment, the value of a participant&#8217;s account is paid as requested by the participant. If the value of the vested balance does not exceed
        $5,000, then the distribution will be made in a single lump sum payment regardless if the participant requests to receive it. Early retirement is allowed upon reaching age 55 and completion of least 5 years of service.</div>
      <div><br>
      </div>
      <div style="text-align: justify; font-weight: bold;">Withdrawals</div>
      <div><br>
      </div>
      <div style="text-align: justify;">Subject to certain limitations prescribed by the Plan and the IRC, terminated participants may elect retirement or other termination withdrawals in either lump sum or partial payments.</div>
      <div><br>
      </div>
      <div style="font-weight: bold;">Forfeitures</div>
      <div><br>
      </div>
      <div style="text-align: justify;">Forfeitures are applied to reduce the amount of future employer contributions otherwise required to be paid. In 2022 and 2021, forfeitures from non-vested accounts totaled $76,183 and $70,810, respectively, and
        forfeitures used to reduce employer contributions were $87,867 and $57,693, respectively. Forfeiture account balances totaled $4,832 and $16,516 at December 31, 2022 and 2021, respectively.</div>
      <div><br>
      </div>
      <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="width: 100%;" class="BRPFPageFooter"></div>
        <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-size: 8pt; color: #000000; font-weight: normal; font-style: normal;" class="BRPFPageNumber">5</font></div>
        <div class="BRPFPageBreak" style="page-break-after: always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
        <div style="width: 100%;" class="BRPFPageHeader">
          <div><a href="#TableofContents"><font style="font-weight: normal; font-size: 8pt; font-style: italic;">Table of Contents</font></a></div>
        </div>
      </div>
      <div style="text-align: justify; font-weight: bold;">
        <div style="text-align: center; font-weight: bold;">NBT BANCORP INC.</div>
        <div style="text-align: center; font-weight: bold;">401(k) AND EMPLOYEE STOCK OWNERSHIP PLAN</div>
        <div style="text-align: center; font-weight: bold;">NOTES TO FINANCIAL STATEMENTS</div>
        <div style="text-align: center; font-weight: bold;">December 31, 2022 and 2021</div>
        <div style="text-align: center; font-weight: bold;"> <br>
        </div>
      </div>
      <div style="text-align: justify; font-weight: bold;">Plan Termination</div>
      <div><br>
      </div>
      <div style="text-align: justify;">Although it has not expressed any intention to do so, the Sponsor has the right to discontinue contributions or terminate the Plan at any time subject to Plan provisions and subject to the provisions of ERISA. In the
        event of termination of the Plan, each participant&#8217;s account would become fully vested and the net assets of the Plan would be allocated as prescribed by ERISA and its related regulations.</div>
      <div><br>
      </div>
      <div style="text-align: justify; font-weight: bold;">Administrative Expenses</div>
      <div><br>
      </div>
      <div style="text-align: justify;">Expenses of operating and administering the Plan are generally paid by the Sponsor. The payment of these expenses is not mandated by the Plan and is done so at the discretion of the Sponsor. Loan fees are paid by the
        borrower.</div>
      <div><br>
      </div>
      <div style="text-align: justify; font-weight: bold;">Voting Rights</div>
      <div><br>
      </div>
      <div style="text-align: justify;">With respect to participant account balances that are invested in shares of NBT Bancorp Inc. common stock, each participant is entitled to exercise voting rights attributable to the shares allocated to his or her
        account and is notified by the Trustee prior to the time that such rights are to be exercised.</div>
      <div><br>
      </div>
      <div>
        <table cellspacing="0" cellpadding="0" id="z7a07eb484155498993016f2b80feec62" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

            <tr>
              <td style="width: 36pt; vertical-align: top; text-align: right;">
                <div style="text-align: left; font-weight: bold;"><font style="font-weight: bold;">2.</font><br>
                </div>
              </td>
              <td style="width: auto; vertical-align: top;">
                <div style="text-align: justify;"><font style="font-weight: bold;">Summary of Significant Accounting Policies</font></div>
              </td>
            </tr>

        </table>
      </div>
      <div><br>
      </div>
      <div style="text-align: justify; font-weight: bold;">Basis of Presentation</div>
      <div><br>
      </div>
      <div style="text-align: justify;">The accompanying financial statements have been prepared on the accrual basis of accounting in accordance with accounting principles generally accepted in the United States of America (&#8220;GAAP&#8221;). Amounts in prior
        year&#8217;s financial statements are reclassified, when necessary, to conform with current year&#8217;s presentation.</div>
      <div><br>
      </div>
      <div style="text-align: justify; font-weight: bold;">Investment Valuation and Income Recognition</div>
      <div><br>
      </div>
      <div style="text-align: justify;">The Plan&#8217;s investments are stated at fair value. The fair value of mutual funds and the common stock of the Sponsor are based on published market quotations. The fair value of the stable value fund is based on the
        calculated daily net asset values of the fund.</div>
      <div><br>
      </div>
      <div style="text-align: justify;">Fair value is the price the Plan would receive to sell an asset or pay to transfer a liability in an orderly transaction with a market participant at the measurement date. In the absence of active markets for the
        identical assets and liabilities, such measurements involve developing assumptions based on market observable data and, in the absence of such data, internal information that is consistent with what market participants would use in a hypothetical
        transaction that occurs at the measurement date.</div>
      <div><br>
      </div>
      <div style="text-align: justify;">Observable inputs reflect market data obtained from independent sources, while unobservable inputs reflect our market assumptions. Preference is given to observable inputs. These two types of inputs create the
        following fair value hierarchy and a financial instrument&#8217;s categorization within the valuation hierarchy is based upon the lowest level of input that is significant to the fair value measurement. The three levels are defined as follows:</div>
      <div><br>
      </div>
      <div style="text-align: justify;">Level 1 - Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities;</div>
      <div><br>
      </div>
      <div style="text-align: justify;">Level 2 - Quoted prices for similar assets or liabilities in active markets, quoted prices in markets that are not active, or inputs that are observable, either directly or indirectly, for substantially the full term
        of the asset or liability; and</div>
      <div><br>
      </div>
      <div style="text-align: justify;">Level 3 - Prices or valuation techniques that require inputs that are both significant to the fair value measurement and unobservable (e.g., supported by little or no market activity).</div>
      <div style="text-align: justify;"> <br>
      </div>
      <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="width: 100%;" class="BRPFPageFooter"></div>
        <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-size: 8pt; color: #000000; font-weight: normal; font-style: normal;" class="BRPFPageNumber">6</font></div>
        <div class="BRPFPageBreak" style="page-break-after: always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
        <div style="width: 100%;" class="BRPFPageHeader">
          <div><a href="#TableofContents"><font style="font-weight: normal; font-size: 8pt; font-style: italic;">Table of Contents</font></a></div>
        </div>
      </div>
      <div style="text-align: justify;">
        <div style="text-align: center; font-weight: bold;">NBT BANCORP INC.</div>
        <div style="text-align: center; font-weight: bold;">401(k) AND EMPLOYEE STOCK OWNERSHIP PLAN</div>
        <div style="text-align: center; font-weight: bold;">NOTES TO FINANCIAL STATEMENTS</div>
        <div style="text-align: center; font-weight: bold;">December 31, 2022 and 2021</div>
        <div style="text-align: center; font-weight: bold;"> <br>
        </div>
      </div>
      <div style="text-align: justify;">Investment transactions are recorded on a trade date basis. If a trade is open at the end of the year, a receivable for securities sold but not yet settled or a payable for securities purchased but not yet settled is
        reflected in the Statement of Net Assets Available for Benefits. Dividends are recorded on the ex-dividend date. Interest income is earned from settlement date and recognized on the accrual basis. The net appreciation in the fair value of
        investments consists of the realized gains or losses on the sales of investments and the net unrealized appreciation of investments.</div>
      <div><br>
      </div>
      <div style="text-align: justify; font-weight: bold;">Benefits Paid to Participants</div>
      <div><br>
      </div>
      <div style="text-align: justify;">Benefit payments to participants are recorded when paid.</div>
      <div><br>
      </div>
      <div style="text-align: justify; font-weight: bold;">Notes Receivable from Participants</div>
      <div><br>
      </div>
      <div style="text-align: justify;">Notes receivable from participants are carried at the unpaid principal balance plus interest.</div>
      <div><br>
      </div>
      <div style="text-align: justify; font-weight: bold;">Participant Withdrawals</div>
      <div><br>
      </div>
      <div style="text-align: justify;">Participant withdrawals are recorded when paid.</div>
      <div><br>
      </div>
      <div style="text-align: justify; font-weight: bold;">Use of Estimates</div>
      <div><br>
      </div>
      <div style="text-align: justify;">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of net assets available for plan benefits, disclosure of
        contingent assets and liabilities, and the reported amount of increases and decreases in net assets available for plan benefits. Actual results could differ from those estimates.</div>
      <div><br>
      </div>
      <div style="text-align: justify; font-weight: bold;">Risks and Uncertainties</div>
      <div><br>
      </div>
      <div style="text-align: justify;">The Plan invests in various types of investment securities. Investment securities are exposed to various risks, such as interest rate, market and credit risks. Due to the level of risk associated with certain
        investment securities, it is at least reasonably possible that changes in the values of investment securities will occur in the near term and that such changes could materially affect participant account balances and the amounts reported in the
        Statements of Net Assets Available for Plan Benefits.&#160;Additionally, the continuing effects of coronavirus pandemic could impact economic conditions.</div>
      <div><br>
      </div>
      <div>
        <table cellspacing="0" cellpadding="0" id="zd1887fbf25f64102b9a7373e6f973863" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

            <tr>
              <td style="width: 36pt; vertical-align: top;"><font style="font-weight: bold;">3.</font><br>
              </td>
              <td style="width: auto; vertical-align: top;">
                <div style="text-align: justify;"><font style="font-weight: bold;">Fair Value Measurements</font></div>
              </td>
            </tr>

        </table>
      </div>
      <div><br>
      </div>
      <div style="text-align: justify;">The following table presents the financial instruments recorded at fair value on a recurring basis by the Plan as of December 31, 2022 and 2021:</div>
      <div style="text-align: justify;"><br>
      </div>
      <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman'; font-size: 10pt; text-align: left; color: #000000; width: 100%;" id="z014016fbbcca49dcabd7ac00074d4536" class="cfttable">

          <tr>
            <td valign="bottom" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); width: 52.53%;">
              <div style="text-indent: -7.2pt; margin-left: 7.2pt; font-weight: bold;">Description</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); width: 1.04%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);" colspan="2">
              <div style="text-align: center; font-weight: bold;">December 31, 2022</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); width: 1.04%;" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); width: 1.04%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);" colspan="2">
              <div style="text-align: center; font-weight: bold;">Level 1</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); width: 1.04%;" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); width: 1.04%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);" colspan="2">
              <div style="text-align: center; font-weight: bold;">Level 2</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); width: 1.04%;" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); width: 1.04%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);" colspan="2">
              <div style="text-align: center; font-weight: bold;">Level 3</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); width: 1%;" colspan="1">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 52.53%; background-color: rgb(204, 238, 255);">
              <div style="text-indent: -7.2pt; margin-left: 7.2pt;">Mutual funds</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1.04%; background-color: rgb(204, 238, 255);" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1" class="cftcurrcell">
              <div style="font-weight: bold;">$</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9.09%; background-color: rgb(204, 238, 255);" colspan="1" class="cftnumcell">
              <div style="font-weight: bold;">213,888,374</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1.04%; background-color: rgb(204, 238, 255);" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1.04%; background-color: rgb(204, 238, 255);" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1" class="cftcurrcell">
              <div style="font-weight: bold;">$</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9.09%; background-color: rgb(204, 238, 255);" colspan="1" class="cftnumcell">
              <div style="font-weight: bold;">213,888,374</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1.04%; background-color: rgb(204, 238, 255);" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1.04%; background-color: rgb(204, 238, 255);" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1" class="cftcurrcell">
              <div style="font-weight: bold;">$</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9.09%; background-color: rgb(204, 238, 255);" colspan="1" class="cftnumcell">
              <div style="font-weight: bold;">-</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1.04%; background-color: rgb(204, 238, 255);" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1.04%; background-color: rgb(204, 238, 255);" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1" class="cftcurrcell">
              <div style="font-weight: bold;">$</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 8%; background-color: rgb(204, 238, 255);" colspan="1" class="cftnumcell">
              <div style="font-weight: bold;">-</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 1%; background-color: rgb(204, 238, 255);" colspan="1" class="cftnumcell">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 52.53%;">
              <div style="text-indent: -7.2pt; margin-left: 7.2pt;">Common stock of NBT Bancorp Inc.</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1.04%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9.09%;" colspan="1" class="cftnumcell">
              <div style="font-weight: bold;">36,531,315</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1.04%;" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1.04%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9.09%;" colspan="1" class="cftnumcell">
              <div style="font-weight: bold;">36,531,315</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1.04%;" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1.04%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9.09%;" colspan="1" class="cftnumcell">
              <div style="font-weight: bold;">-</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1.04%;" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1.04%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 8%;" colspan="1" class="cftnumcell">
              <div style="font-weight: bold;">-</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 1%;" colspan="1" class="cftnumcell">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 52.53%; background-color: rgb(204, 238, 255);">
              <div style="text-indent: -7.2pt; margin-left: 7.2pt;">Stable value fund</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1.04%; background-color: rgb(204, 238, 255);" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9.09%; background-color: rgb(204, 238, 255);" colspan="1" class="cftnumcell">
              <div style="font-weight: bold;">19,486,063</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1.04%; background-color: rgb(204, 238, 255);" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1.04%; background-color: rgb(204, 238, 255);" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9.09%; background-color: rgb(204, 238, 255);" colspan="1" class="cftnumcell">
              <div style="font-weight: bold;">19,486,063</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1.04%; background-color: rgb(204, 238, 255);" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1.04%; background-color: rgb(204, 238, 255);" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9.09%; background-color: rgb(204, 238, 255);" colspan="1" class="cftnumcell">
              <div style="font-weight: bold;">-</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1.04%; background-color: rgb(204, 238, 255);" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1.04%; background-color: rgb(204, 238, 255);" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 8%; background-color: rgb(204, 238, 255);" colspan="1" class="cftnumcell">
              <div style="font-weight: bold;">-</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 1%; background-color: rgb(204, 238, 255);" colspan="1" class="cftnumcell">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 52.53%; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-indent: -7.2pt; margin-left: 7.2pt;">Cash and money mark funds</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1.04%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9.09%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1" class="cftnumcell">
              <div style="font-weight: bold;">866,221</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1.04%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1.04%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9.09%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1" class="cftnumcell">
              <div style="font-weight: bold;">866,221</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1.04%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1.04%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9.09%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1" class="cftnumcell">
              <div style="font-weight: bold;">-</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1.04%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1.04%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 8%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1" class="cftnumcell">
              <div style="font-weight: bold;">-</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1" class="cftnumcell">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 52.53%; background-color: rgb(204, 238, 255); border-bottom: 4px double rgb(0, 0, 0);">
              <div style="text-indent: -7.2pt; margin-left: 16.2pt;">Total</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1.04%; background-color: rgb(204, 238, 255); border-bottom: 4px double rgb(0, 0, 0);" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1" class="cftcurrcell">
              <div style="font-weight: bold;">$</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9.09%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1" class="cftnumcell">
              <div style="font-weight: bold;">270,771,973</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1.04%; background-color: rgb(204, 238, 255); border-bottom: 4px double rgb(0, 0, 0);" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1.04%; background-color: rgb(204, 238, 255); border-bottom: 4px double rgb(0, 0, 0);" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1" class="cftcurrcell">
              <div style="font-weight: bold;">$</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9.09%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1" class="cftnumcell">
              <div style="font-weight: bold;">270,771,973</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1.04%; background-color: rgb(204, 238, 255); border-bottom: 4px double rgb(0, 0, 0);" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1.04%; background-color: rgb(204, 238, 255); border-bottom: 4px double rgb(0, 0, 0);" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1" class="cftcurrcell">
              <div style="font-weight: bold;">$</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9.09%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1" class="cftnumcell">
              <div style="font-weight: bold;">-</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1.04%; background-color: rgb(204, 238, 255); border-bottom: 4px double rgb(0, 0, 0);" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1.04%; background-color: rgb(204, 238, 255); border-bottom: 4px double rgb(0, 0, 0);" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1" class="cftcurrcell">
              <div style="font-weight: bold;">$</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 8%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1" class="cftnumcell">
              <div style="font-weight: bold;">-</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1" class="cftnumcell">&#160;</td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman'; font-size: 10pt; text-align: left; color: #000000; width: 100%;" id="zb4477ae276794dcb8062b6a4a39887a1" class="cfttable">

          <tr>
            <td valign="bottom" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); width: 53%;">
              <div style="text-indent: -7.2pt; margin-left: 7.2pt; font-weight: bold;">Description</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); width: 1%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);" colspan="2">
              <div style="text-align: center; font-weight: bold;">December 31, 2021</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); width: 1%;" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); width: 1%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);" colspan="2">
              <div style="text-align: center; font-weight: bold;">Level 1</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); width: 1%;" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); width: 1%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);" colspan="2">
              <div style="text-align: center; font-weight: bold;">Level 2</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); width: 1%;" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); width: 1%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);" colspan="2">
              <div style="text-align: center; font-weight: bold;">Level 3</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); width: 1%;" colspan="1">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 53%; background-color: rgb(204, 238, 255);">
              <div style="text-indent: -7.2pt; margin-left: 7.2pt;">Mutual funds</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1" class="cftcurrcell">
              <div>$</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9.08%; background-color: rgb(204, 238, 255);" colspan="1" class="cftnumcell">
              <div>261,955,990</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1" class="cftcurrcell">
              <div>$</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9.08%; background-color: rgb(204, 238, 255);" colspan="1" class="cftnumcell">
              <div>261,955,990</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1" class="cftcurrcell">
              <div>$</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9.08%; background-color: rgb(204, 238, 255);" colspan="1" class="cftnumcell">
              <div>-</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1" class="cftcurrcell">
              <div>$</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 8%; background-color: rgb(204, 238, 255);" colspan="1" class="cftnumcell">
              <div>-</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 1%; background-color: rgb(204, 238, 255);" colspan="1" class="cftnumcell">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 53%;">
              <div style="text-indent: -7.2pt; margin-left: 7.2pt;">Common stock of NBT Bancorp Inc.</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9.08%;" colspan="1" class="cftnumcell">
              <div>32,371,061</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9.08%;" colspan="1" class="cftnumcell">
              <div>32,371,061</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9.08%;" colspan="1" class="cftnumcell">
              <div>-</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 8%;" colspan="1" class="cftnumcell">
              <div>-</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 1%;" colspan="1" class="cftnumcell">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 53%; background-color: rgb(204, 238, 255);">
              <div style="text-indent: -7.2pt; margin-left: 7.2pt;">Stable value fund</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9.08%; background-color: rgb(204, 238, 255);" colspan="1" class="cftnumcell">
              <div>18,725,214</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9.08%; background-color: rgb(204, 238, 255);" colspan="1" class="cftnumcell">
              <div>18,725,214</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9.08%; background-color: rgb(204, 238, 255);" colspan="1" class="cftnumcell">
              <div>-</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 8%; background-color: rgb(204, 238, 255);" colspan="1" class="cftnumcell">
              <div>-</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 1%; background-color: rgb(204, 238, 255);" colspan="1" class="cftnumcell">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 53%; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-indent: -7.2pt; margin-left: 7.2pt;">Cash and money mark funds</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9.08%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1" class="cftnumcell">
              <div>655,938</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9.08%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1" class="cftnumcell">
              <div>655,938</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9.08%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1" class="cftnumcell">
              <div>-</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 8%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1" class="cftnumcell">
              <div>-</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1" class="cftnumcell">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 53%; background-color: rgb(204, 238, 255); border-bottom: 4px double rgb(0, 0, 0);">
              <div style="text-indent: -7.2pt; margin-left: 16.2pt;">Total</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 4px double rgb(0, 0, 0);" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1" class="cftcurrcell">
              <div>$</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9.08%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1" class="cftnumcell">
              <div>313,708,203</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 4px double rgb(0, 0, 0);" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 4px double rgb(0, 0, 0);" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1" class="cftcurrcell">
              <div>$</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9.08%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1" class="cftnumcell">
              <div>313,708,203</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 4px double rgb(0, 0, 0);" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 4px double rgb(0, 0, 0);" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1" class="cftcurrcell">
              <div>$</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9.08%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1" class="cftnumcell">
              <div>-</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 4px double rgb(0, 0, 0);" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 4px double rgb(0, 0, 0);" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1" class="cftcurrcell">
              <div>$</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 8%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1" class="cftnumcell">
              <div>-</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1" class="cftnumcell">&#160;</td>
          </tr>

      </table>
      <div><br>
      </div>
      <div style="text-align: justify;">The stable value fund consists of the Federated Capital Preservation Fund ("the Fund"), which primarily holds guaranteed investment contracts ("GICs") and synthetic guaranteed investment contracts ("synthetic GICs").
        GICs represent deposits which guarantee a stated interest rate for the term of the contracts. The crediting rate of security-backed contracts will track current market yields on a trailing basis. The rate reset allows the contract value to converge
        with the fair value of the underlying portfolio over time, assuming the portfolio continues to earn the current yield for a period of time equal to the current portfolio duration. The fair value of GICs is determined based on the present value of
        the contract's expected cash flows, discounted by current market interest rates for like duration and like quality investments. Synthetic GICs are portfolios of securities (debt securities or open end registered investment companies) owned by the
        Fund with wrap contracts that guarantee a fixed or variable rate for the term of the contracts.</div>
      <div><br>
      </div>
      <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="width: 100%;" class="BRPFPageFooter"></div>
        <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-size: 8pt; color: #000000; font-weight: normal; font-style: normal;" class="BRPFPageNumber">7</font></div>
        <div class="BRPFPageBreak" style="page-break-after: always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
        <div style="width: 100%;" class="BRPFPageHeader">
          <div><a href="#TableofContents"><font style="font-weight: normal; font-size: 8pt; font-style: italic;">Table of Contents</font></a></div>
        </div>
      </div>
      <div>
        <div>
          <div style="text-align: center; font-weight: bold;">NBT BANCORP INC.</div>
          <div style="text-align: center; font-weight: bold;">401(k) AND EMPLOYEE STOCK OWNERSHIP PLAN</div>
          <div style="text-align: center; font-weight: bold;">NOTES TO FINANCIAL STATEMENTS</div>
          <div style="text-align: center; font-weight: bold;">December 31, 2022 and 2021</div>
          <div style="text-align: center; font-weight: bold;"> <br>
          </div>
        </div>
        <table cellspacing="0" cellpadding="0" id="z32e3f1c4957a4eee93a13bf4e70b0996" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

            <tr>
              <td style="width: 36pt; vertical-align: top; text-align: right;">
                <div style="text-align: left; font-weight: bold;"><font style="font-weight: bold;">4.</font><br>
                </div>
              </td>
              <td style="width: auto; vertical-align: top;">
                <div style="text-align: justify;"><font style="font-weight: bold;">Income Tax Status</font></div>
              </td>
            </tr>

        </table>
      </div>
      <div><br>
      </div>
      <div style="text-align: justify;">The Plan operates under an IRS pre-approved plan document, as administered by EPIC Retirement Plan Services. The latest IRS favorable opinion letter on the pre-approved plan document is dated June 30, 2020. Although
        the opinion letter is dated prior to the Plan&#8217;s amendment, the Plan Administrator and the Plan&#8217;s tax counsel believe that the Plan is designed and is currently being operated, in compliance with the applicable requirements of the IRC and,
        therefore, believe that the Plan is qualified and the related trust is tax-exempt.</div>
      <div><br>
      </div>
      <div style="text-align: justify;">GAAP requires Plan management to evaluate tax positions taken by the Plan and recognize a tax liability (or asset) if the Plan has taken an uncertain position that more likely than not would not be sustained upon
        examination by the IRS. The Plan Administrator has analyzed the tax positions taken by the Plan and has concluded that as of December 31, 2022 and 2021, there are no uncertain positions taken or expected to be taken that would require recognition
        of a liability (or asset) or disclosure in the financial statements. The Plan is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. The Plan Administrator believes it is no
        longer subject to income tax examinations for years prior to 2019.</div>
      <div><br>
      </div>
      <div>
        <table cellspacing="0" cellpadding="0" id="z096492febc384fa0872b4ecf85aea752" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

            <tr>
              <td style="width: 36pt; vertical-align: top; text-align: right;">
                <div style="text-align: left; font-weight: bold;"><font style="font-weight: bold;">5.</font></div>
              </td>
              <td style="width: auto; vertical-align: top;">
                <div style="text-align: justify;"><font style="font-weight: bold;">Party&#8209;in&#8209;Interest Transactions</font></div>
              </td>
            </tr>

        </table>
      </div>
      <div><br>
      </div>
      <div style="text-align: justify;">Parties-in-interest are defined under Department of Labor regulations as any fiduciary of the Plan, any party rendering service to the Plan, the Employer, and certain others. Any transactions with parties-in-interest
        either fall outside the scope of, or are exempt from, ERISA&#8217;s prohibited transaction rules.</div>
      <div><br>
      </div>
      <div style="text-align: justify;">The Plan's record keeper, Trustee, and Custodian, as well as the Company and Plan participants, and KPMG LLP, the auditor of the Plan&#8217;s financial statements, are each a &#8220;party-in-interest" to the Plan as defined by
        ERISA.</div>
      <div><br>
      </div>
      <div style="text-align: justify;">Purchases of Company stock amounted to $4,171,873 and $2,579,889 and sales amounted to $2,750,268 and $2,920,568 for the years ended December 31, 2022 and 2021, respectively. At December 31, 2022 and 2021, the number
        of shares of Company stock held in participants&#8217; accounts totaled 841,346 and 840,372, respectively, with a fair value of $36,531,315 and $32,371,061, respectively.</div>
      <div><br>
      </div>
      <div style="text-align: justify;">Dividend income earned by the Plan includes dividend income from shares of NBT Bancorp Inc. common stock and amounted to $970,733 and $934,034 for the years ended December 31, 2022 and 2021, respectively.</div>
      <div><br>
      </div>
      <div>
        <table cellspacing="0" cellpadding="0" id="z253a14e7c1ca44ce84aca42298f20418" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

            <tr>
              <td style="width: 36pt; vertical-align: top;"><font style="font-weight: bold;">6.</font> <br>
              </td>
              <td style="width: auto; vertical-align: top;">
                <div style="text-align: justify;"><font style="font-weight: bold;">Subsequent Events</font></div>
              </td>
            </tr>

        </table>
      </div>
      <div><br>
      </div>
      <div style="text-align: justify;">The Plan has evaluated subsequent events after the balance sheet date of December 31, 2022 through the filing of this Form 11-K with the Securities and Exchange Commission. There were no events or transactions
        discovered during this evaluation that require recognition or disclosure in the financial statements.</div>
      <div><br>
      </div>
      <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="width: 100%;" class="BRPFPageFooter"></div>
        <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-size: 8pt; color: #000000; font-weight: normal; font-style: normal;" class="BRPFPageNumber">8</font></div>
        <div class="BRPFPageBreak" style="page-break-after: always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
        <div style="width: 100%;" class="BRPFPageHeader">
          <div><a href="#TableofContents"><font style="font-weight: normal; font-size: 8pt; font-style: italic;">Table of Contents</font></a></div>
        </div>
      </div>
      <div>
        <div style="text-align: center; font-weight: bold;">NBT BANCORP INC.</div>
        <div style="text-align: center; font-weight: bold;">401(k) AND EMPLOYEE STOCK OWNERSHIP PLAN</div>
        <div style="text-align: center; font-weight: bold;"><a name="SCHEDULEHLINE4i"><!--Anchor--></a>SCHEDULE H, LINE 4i - SCHEDULE OF ASSETS (HELD AT END OF YEAR)</div>
        <div style="text-align: center; font-weight: bold;">December 31, 2022</div>
        <div><br>
        </div>
      </div>
      <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman'; font-size: 10pt; text-align: left; color: #000000; width: 100%;" id="zb5cda65d8c7549df8fb9d21c9a771d1b" class="cfttable">

          <tr>
            <td valign="bottom" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); width: 9.16%;">
              <div style="text-align: center; font-weight: bold;">(a)</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); width: 1.04%;" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); width: 33.18%;">
              <div style="text-align: center; font-weight: bold;">(b)</div>
              <div style="text-align: center; font-weight: bold;">Identity of issuer, borrower, lessor, or similar</div>
              <div style="text-align: center; font-weight: bold;">party</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); width: 33.18%;">
              <div style="text-align: center; font-weight: bold;">(c)</div>
              <div style="text-align: center; font-weight: bold;">Description of investment</div>
              <div style="text-align: center; font-weight: bold;">including maturity date, rate of</div>
              <div style="text-align: center; font-weight: bold;">interest, collateral, par, or</div>
              <div style="text-align: center; font-weight: bold;">maturity value</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); width: 1.04%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);" colspan="2">
              <div style="text-align: center; font-weight: bold;">(d)</div>
              <div style="text-align: center; font-weight: bold;">Cost</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); width: 1.04%;" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); width: 1.04%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);" colspan="2">
              <div style="text-align: center; font-weight: bold;">(e)</div>
              <div style="text-align: center; font-weight: bold;">Current value</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); width: 1%;" colspan="1">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; background-color: rgb(204, 238, 255); width: 9.16%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1.04%;" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; background-color: rgb(204, 238, 255); width: 33.18%;">
              <div style="text-align: justify;">&#160;Cash</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; background-color: rgb(204, 238, 255); width: 33.18%;">
              <div style="text-align: justify;">Cash</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1.04%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: center; background-color: rgb(204, 238, 255); width: 9.16%;" colspan="1" class="cftnumcell">** <br>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1.04%;" colspan="1" class="cftfncell">
              <div><br>
              </div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1.04%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%;" colspan="1" class="cftcurrcell">
              <div>$</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; background-color: rgb(204, 238, 255); width: 8%;" colspan="1" class="cftnumcell">
              <div>865,716</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; background-color: rgb(204, 238, 255); width: 1%;" colspan="1" class="cftnumcell">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9.16%;" colspan="1" class="cftnumcell">
              <div style="text-align: left;">*</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1.04%;" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 33.18%;">
              <div style="text-align: justify;">Schwab Value Advantage Money Fund</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 33.18%;">
              <div style="text-align: justify;">Money market fund</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1.04%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: center; width: 9.16%;" colspan="1" class="cftnumcell">** <br>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1.04%;" colspan="1" class="cftfncell"><br>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1.04%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 8%;" colspan="1" class="cftnumcell">
              <div>505</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 1%;" colspan="1" class="cftnumcell">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9.16%; background-color: rgb(204, 238, 255);" colspan="1" class="cftnumcell">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1.04%; background-color: rgb(204, 238, 255);" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 33.18%; background-color: rgb(204, 238, 255);">
              <div style="text-align: justify;">Federated Hermes Capital Preservation Fund</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 33.18%; background-color: rgb(204, 238, 255);">
              <div style="text-align: justify;">Stable value fund</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1.04%; background-color: rgb(204, 238, 255);" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: center; width: 9.16%; background-color: rgb(204, 238, 255);" colspan="1" class="cftnumcell">&#160;**</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1.04%; background-color: rgb(204, 238, 255);" colspan="1" class="cftfncell"><br>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1.04%; background-color: rgb(204, 238, 255);" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 8%; background-color: rgb(204, 238, 255);" colspan="1" class="cftnumcell">
              <div>19,486,063</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 1%; background-color: rgb(204, 238, 255);" colspan="1" class="cftnumcell">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9.16%;" colspan="1" class="cftnumcell">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1.04%;" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 33.18%;">
              <div style="text-align: justify;">T-Rowe Price Retirement 2030 Fund</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 33.18%;">
              <div style="text-align: justify;">Mutual fund, 1,300,792 shares</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1.04%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: center; width: 9.16%;" colspan="1" class="cftnumcell">** <br>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1.04%;" colspan="1" class="cftfncell"><br>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1.04%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 8%;" colspan="1" class="cftnumcell">
              <div>28,435,322</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 1%;" colspan="1" class="cftnumcell">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9.16%; background-color: rgb(204, 238, 255);" colspan="1" class="cftnumcell">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1.04%; background-color: rgb(204, 238, 255);" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 33.18%; background-color: rgb(204, 238, 255);">
              <div style="text-align: justify;">Vanguard 500 Index Fund Admiral</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 33.18%; background-color: rgb(204, 238, 255);">
              <div style="text-align: justify;">Mutual fund, 67,224 shares</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1.04%; background-color: rgb(204, 238, 255);" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: center; width: 9.16%; background-color: rgb(204, 238, 255);" colspan="1" class="cftnumcell">&#160;**</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1.04%; background-color: rgb(204, 238, 255);" colspan="1" class="cftfncell"><br>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1.04%; background-color: rgb(204, 238, 255);" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 8%; background-color: rgb(204, 238, 255);" colspan="1" class="cftnumcell">
              <div>23,804,729</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 1%; background-color: rgb(204, 238, 255);" colspan="1" class="cftnumcell">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9.16%;" colspan="1" class="cftnumcell">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1.04%;" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 33.18%;">
              <div style="text-align: justify;">T-Rowe Price Growth Stock Fund</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 33.18%;">
              <div style="text-align: justify;">Mutual fund, 365,372 shares</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1.04%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: center; width: 9.16%;" colspan="1" class="cftnumcell">&#160;**</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1.04%;" colspan="1" class="cftfncell"><br>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1.04%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 8%;" colspan="1" class="cftnumcell">
              <div>22,510,566</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 1%;" colspan="1" class="cftnumcell">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9.16%; background-color: rgb(204, 238, 255);" colspan="1" class="cftnumcell">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1.04%; background-color: rgb(204, 238, 255);" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 33.18%; background-color: rgb(204, 238, 255);">
              <div style="text-align: justify;">T-Rowe Price Retirement 2040 Fund</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 33.18%; background-color: rgb(204, 238, 255);">
              <div style="text-align: justify;">Mutual fund, 880,749 shares</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1.04%; background-color: rgb(204, 238, 255);" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: center; width: 9.16%; background-color: rgb(204, 238, 255);" colspan="1" class="cftnumcell">&#160;**</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1.04%; background-color: rgb(204, 238, 255);" colspan="1" class="cftfncell"><br>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1.04%; background-color: rgb(204, 238, 255);" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 8%; background-color: rgb(204, 238, 255);" colspan="1" class="cftnumcell">
              <div>21,507,883</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 1%; background-color: rgb(204, 238, 255);" colspan="1" class="cftnumcell">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9.16%;" colspan="1" class="cftnumcell">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1.04%;" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 33.18%;">
              <div style="text-align: justify;">T-Rowe Price Retirement 2020 Fund</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 33.18%;">
              <div style="text-align: justify;">Mutual fund, 827,344 shares</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1.04%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: center; width: 9.16%;" colspan="1" class="cftnumcell">&#160;**</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1.04%;" colspan="1" class="cftfncell"><br>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1.04%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 8%;" colspan="1" class="cftnumcell">
              <div>13,849,732</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 1%;" colspan="1" class="cftnumcell">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9.16%; background-color: rgb(204, 238, 255);" colspan="1" class="cftnumcell">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1.04%; background-color: rgb(204, 238, 255);" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 33.18%; background-color: rgb(204, 238, 255);">
              <div style="text-align: justify;">T-Rowe Price Retirement 2050 Fund</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 33.18%; background-color: rgb(204, 238, 255);">
              <div style="text-align: justify;">Mutual fund, 940,690 shares</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1.04%; background-color: rgb(204, 238, 255);" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: center; width: 9.16%; background-color: rgb(204, 238, 255);" colspan="1" class="cftnumcell">&#160;**</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1.04%; background-color: rgb(204, 238, 255);" colspan="1" class="cftfncell"><br>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1.04%; background-color: rgb(204, 238, 255);" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 8%; background-color: rgb(204, 238, 255);" colspan="1" class="cftnumcell">
              <div>13,752,889</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 1%; background-color: rgb(204, 238, 255);" colspan="1" class="cftnumcell">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9.16%;" colspan="1" class="cftnumcell">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1.04%;" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 33.18%;">
              <div style="text-align: justify;">Columbia Dividend Income Fund</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 33.18%;">
              <div style="text-align: justify;">Mutual fund, 410,298 shares</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1.04%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: center; width: 9.16%;" colspan="1" class="cftnumcell">&#160;**</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1.04%;" colspan="1" class="cftfncell"><br>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1.04%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 8%;" colspan="1" class="cftnumcell">
              <div>11,869,922</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 1%;" colspan="1" class="cftnumcell">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9.16%; background-color: rgb(204, 238, 255);" colspan="1" class="cftnumcell">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1.04%; background-color: rgb(204, 238, 255);" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 33.18%; background-color: rgb(204, 238, 255);">
              <div style="text-align: justify;">T-Rowe Price Mid Cap Growth</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 33.18%; background-color: rgb(204, 238, 255);">
              <div style="text-align: justify;">Mutual fund, 126,560 shares</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1.04%; background-color: rgb(204, 238, 255);" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: center; width: 9.16%; background-color: rgb(204, 238, 255);" colspan="1" class="cftnumcell">&#160;**</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1.04%; background-color: rgb(204, 238, 255);" colspan="1" class="cftfncell"><br>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1.04%; background-color: rgb(204, 238, 255);" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 8%; background-color: rgb(204, 238, 255);" colspan="1" class="cftnumcell">
              <div>11,227,096</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 1%; background-color: rgb(204, 238, 255);" colspan="1" class="cftnumcell">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9.16%;" colspan="1" class="cftnumcell">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1.04%;" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 33.18%;">
              <div style="text-align: justify;">Vanguard Mid Cap Index Fund Admiral</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 33.18%;">
              <div style="text-align: justify;">Mutual fund, 40,506 shares</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1.04%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: center; width: 9.16%;" colspan="1" class="cftnumcell">&#160;**</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1.04%;" colspan="1" class="cftfncell"><br>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1.04%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 8%;" colspan="1" class="cftnumcell">
              <div>10,226,617</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 1%;" colspan="1" class="cftnumcell">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9.16%; background-color: rgb(204, 238, 255);" colspan="1" class="cftnumcell">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1.04%; background-color: rgb(204, 238, 255);" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 33.18%; background-color: rgb(204, 238, 255);">
              <div style="text-align: justify;">American Fund New Perspective Fund</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 33.18%; background-color: rgb(204, 238, 255);">
              <div style="text-align: justify;">Mutual fund, 193,341 shares</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1.04%; background-color: rgb(204, 238, 255);" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: center; width: 9.16%; background-color: rgb(204, 238, 255);" colspan="1" class="cftnumcell">&#160;**</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1.04%; background-color: rgb(204, 238, 255);" colspan="1" class="cftfncell"><br>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1.04%; background-color: rgb(204, 238, 255);" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 8%; background-color: rgb(204, 238, 255);" colspan="1" class="cftnumcell">
              <div>9,135,342</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 1%; background-color: rgb(204, 238, 255);" colspan="1" class="cftnumcell">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9.16%;" colspan="1" class="cftnumcell">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1.04%;" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 33.18%;">
              <div style="text-align: justify;">T-Rowe Price Dividend Growth Fund</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 33.18%;">
              <div style="text-align: justify;">Mutual fund, 142,145 shares</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1.04%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: center; width: 9.16%;" colspan="1" class="cftnumcell">&#160;**</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1.04%;" colspan="1" class="cftfncell"><br>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1.04%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 8%;" colspan="1" class="cftnumcell">
              <div>9,111,478</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 1%;" colspan="1" class="cftnumcell">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9.16%; background-color: rgb(204, 238, 255);" colspan="1" class="cftnumcell">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1.04%; background-color: rgb(204, 238, 255);" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 33.18%; background-color: rgb(204, 238, 255);">
              <div style="text-align: justify;">Dodge &amp; Cox Income Fund</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 33.18%; background-color: rgb(204, 238, 255);">
              <div style="text-align: justify;">Mutual fund, 666,241 shares</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1.04%; background-color: rgb(204, 238, 255);" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: center; width: 9.16%; background-color: rgb(204, 238, 255);" colspan="1" class="cftnumcell">&#160;**</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1.04%; background-color: rgb(204, 238, 255);" colspan="1" class="cftfncell"><br>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1.04%; background-color: rgb(204, 238, 255);" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 8%; background-color: rgb(204, 238, 255);" colspan="1" class="cftnumcell">
              <div>8,121,472</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 1%; background-color: rgb(204, 238, 255);" colspan="1" class="cftnumcell">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9.16%;" colspan="1" class="cftnumcell">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1.04%;" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 33.18%;">
              <div style="text-align: justify;">T-Rowe Price Small-Capital Value Fund</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 33.18%;">
              <div style="text-align: justify;">Mutual fund, 153,218 shares</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1.04%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: center; width: 9.16%;" colspan="1" class="cftnumcell">&#160;**</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1.04%;" colspan="1" class="cftfncell"><br>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1.04%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 8%;" colspan="1" class="cftnumcell">
              <div>7,339,131</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 1%;" colspan="1" class="cftnumcell">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9.16%; background-color: rgb(204, 238, 255);" colspan="1" class="cftnumcell">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1.04%; background-color: rgb(204, 238, 255);" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 33.18%; background-color: rgb(204, 238, 255);">
              <div style="text-align: justify;">Europacific Growth Fund</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 33.18%; background-color: rgb(204, 238, 255);">
              <div style="text-align: justify;">Mutual fund, 105,039 shares</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1.04%; background-color: rgb(204, 238, 255);" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: center; width: 9.16%; background-color: rgb(204, 238, 255);" colspan="1" class="cftnumcell">&#160;**</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1.04%; background-color: rgb(204, 238, 255);" colspan="1" class="cftfncell"><br>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1.04%; background-color: rgb(204, 238, 255);" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 8%; background-color: rgb(204, 238, 255);" colspan="1" class="cftnumcell">
              <div>5,144,796</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 1%; background-color: rgb(204, 238, 255);" colspan="1" class="cftnumcell">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9.16%;" colspan="1" class="cftnumcell">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1.04%;" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 33.18%;">
              <div style="text-align: justify;">Vanguard Balanced Index Fund Admiral</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 33.18%;">
              <div style="text-align: justify;">Mutual fund, 122,739 shares</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1.04%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: center; width: 9.16%;" colspan="1" class="cftnumcell">&#160;**</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1.04%;" colspan="1" class="cftfncell"><br>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1.04%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 8%;" colspan="1" class="cftnumcell">
              <div>4,866,608</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 1%;" colspan="1" class="cftnumcell">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9.16%; background-color: rgb(204, 238, 255);" colspan="1" class="cftnumcell">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1.04%; background-color: rgb(204, 238, 255);" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 33.18%; background-color: rgb(204, 238, 255);">
              <div style="text-align: justify;">Vanguard Intermediate US Treasury</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 33.18%; background-color: rgb(204, 238, 255);">
              <div style="text-align: justify;">Mutual fund, 436,891 shares</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1.04%; background-color: rgb(204, 238, 255);" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: center; width: 9.16%; background-color: rgb(204, 238, 255);" colspan="1" class="cftnumcell">&#160;**</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1.04%; background-color: rgb(204, 238, 255);" colspan="1" class="cftfncell"><br>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1.04%; background-color: rgb(204, 238, 255);" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 8%; background-color: rgb(204, 238, 255);" colspan="1" class="cftnumcell">
              <div>4,342,692</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 1%; background-color: rgb(204, 238, 255);" colspan="1" class="cftnumcell">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9.16%;" colspan="1" class="cftnumcell">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1.04%;" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 33.18%;">
              <div style="text-align: justify;">T-Rowe Price Retirement 2060 Fund</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 33.18%;">
              <div style="text-align: justify;">Mutual fund, 164,146 shares</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1.04%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: center; width: 9.16%;" colspan="1" class="cftnumcell">** <br>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1.04%;" colspan="1" class="cftfncell"><br>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1.04%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 8%;" colspan="1" class="cftnumcell">
              <div>2,073,168</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 1%;" colspan="1" class="cftnumcell">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9.16%; background-color: rgb(204, 238, 255);" colspan="1" class="cftnumcell">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1.04%; background-color: rgb(204, 238, 255);" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 33.18%; background-color: rgb(204, 238, 255);">
              <div style="text-align: justify;">T-Rowe Price Retirement Balance Fund</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 33.18%; background-color: rgb(204, 238, 255);">
              <div style="text-align: justify;">Mutual fund, 159,250 shares</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1.04%; background-color: rgb(204, 238, 255);" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: center; width: 9.16%; background-color: rgb(204, 238, 255);" colspan="1" class="cftnumcell">&#160;**</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1.04%; background-color: rgb(204, 238, 255);" colspan="1" class="cftfncell"><br>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1.04%; background-color: rgb(204, 238, 255);" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 8%; background-color: rgb(204, 238, 255);" colspan="1" class="cftnumcell">
              <div>1,903,042</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 1%; background-color: rgb(204, 238, 255);" colspan="1" class="cftnumcell">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9.16%;" colspan="1" class="cftnumcell">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1.04%;" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 33.18%;">
              <div style="text-align: justify;">Vanguard Short Term Bond Index Fund Admiral</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 33.18%;">
              <div style="text-align: justify;">Mutual fund, 180,791 shares</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1.04%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: center; width: 9.16%;" colspan="1" class="cftnumcell">&#160;**</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1.04%;" colspan="1" class="cftfncell"><br>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1.04%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 8%;" colspan="1" class="cftnumcell">
              <div>1,784,405</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 1%;" colspan="1" class="cftnumcell">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9.16%; background-color: rgb(204, 238, 255);" colspan="1" class="cftnumcell">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1.04%; background-color: rgb(204, 238, 255);" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 33.18%; background-color: rgb(204, 238, 255);">
              <div style="text-align: justify;">Fidelity Inflation Protected Bond Index Fund</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 33.18%; background-color: rgb(204, 238, 255);">
              <div style="text-align: justify;">Mutual fund, 131,678 shares</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1.04%; background-color: rgb(204, 238, 255);" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: center; width: 9.16%; background-color: rgb(204, 238, 255);" colspan="1" class="cftnumcell">&#160;**</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1.04%; background-color: rgb(204, 238, 255);" colspan="1" class="cftfncell"><br>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1.04%; background-color: rgb(204, 238, 255);" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 8%; background-color: rgb(204, 238, 255);" colspan="1" class="cftnumcell">
              <div>1,187,737</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 1%; background-color: rgb(204, 238, 255);" colspan="1" class="cftnumcell">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9.16%;" colspan="1" class="cftnumcell">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1.04%;" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 33.18%;">
              <div style="text-align: justify;">T-Rowe Price Retirement 2010 Fund</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 33.18%;">
              <div style="text-align: justify;">Mutual fund, 72,144 shares</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1.04%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: center; width: 9.16%;" colspan="1" class="cftnumcell">&#160;**</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1.04%;" colspan="1" class="cftfncell"><br>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1.04%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 8%;" colspan="1" class="cftnumcell">
              <div>973,945</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 1%;" colspan="1" class="cftnumcell">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9.16%; background-color: rgb(204, 238, 255);" colspan="1" class="cftnumcell">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1.04%; background-color: rgb(204, 238, 255);" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 33.18%; background-color: rgb(204, 238, 255);">
              <div style="text-align: justify;">JPMorgan Emerging Markets Equity Fund</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 33.18%; background-color: rgb(204, 238, 255);">
              <div style="text-align: justify;">Mutual fund, 23,937 shares</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1.04%; background-color: rgb(204, 238, 255);" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: center; width: 9.16%; background-color: rgb(204, 238, 255);" colspan="1" class="cftnumcell">&#160;**</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1.04%; background-color: rgb(204, 238, 255);" colspan="1" class="cftfncell"><br>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1.04%; background-color: rgb(204, 238, 255);" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 8%; background-color: rgb(204, 238, 255);" colspan="1" class="cftnumcell">
              <div>672,624</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 1%; background-color: rgb(204, 238, 255);" colspan="1" class="cftnumcell">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9.16%;" colspan="1" class="cftnumcell">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1.04%;" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 33.18%;">
              <div style="text-align: justify;">DFA US Sustainability Core 1 Portfolio</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 33.18%;">
              <div style="text-align: justify;">Mutual fund, 1,564 shares</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1.04%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: center; width: 9.16%;" colspan="1" class="cftnumcell">&#160;**</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1.04%;" colspan="1" class="cftfncell"><br>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1.04%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 8%;" colspan="1" class="cftnumcell">
              <div>47,178</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 1%;" colspan="1" class="cftnumcell">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9.16%; background-color: rgb(204, 238, 255);" colspan="1" class="cftnumcell">
              <div style="text-align: left;">*</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1.04%; background-color: rgb(204, 238, 255);" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 33.18%; background-color: rgb(204, 238, 255);">
              <div style="text-align: justify;">NBT Bancorp Inc.</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 33.18%; background-color: rgb(204, 238, 255);">
              <div style="text-align: justify;">Common stock, 841,346 shares</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1.04%; background-color: rgb(204, 238, 255);" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: center; width: 9.16%; background-color: rgb(204, 238, 255);" colspan="1" class="cftnumcell">&#160;**</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1.04%; background-color: rgb(204, 238, 255);" colspan="1" class="cftfncell"><br>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1.04%; background-color: rgb(204, 238, 255);" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 8%; background-color: rgb(204, 238, 255);" colspan="1" class="cftnumcell">
              <div>36,531,315</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 1%; background-color: rgb(204, 238, 255);" colspan="1" class="cftnumcell">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9.16%; padding-bottom: 2px;" colspan="1" class="cftnumcell">
              <div style="text-align: left;">*</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1.04%; padding-bottom: 2px;" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 33.18%; padding-bottom: 2px;">
              <div style="text-align: justify;">Participant loans receivable</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 33.18%; padding-bottom: 2px;">
              <div style="text-align: justify;">Interest rates &#8211; 4.25% &#8211; 8.75%</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1.04%; padding-bottom: 2px;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: center; width: 9.16%; padding-bottom: 2px;" colspan="1" class="cftnumcell">&#160;**</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1.04%; padding-bottom: 2px;" colspan="1" class="cftfncell"><br>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1.04%; padding-bottom: 2px;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 8%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1" class="cftnumcell">
              <div>2,776,448</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1" class="cftnumcell">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9.16%; padding-bottom: 2px; background-color: rgb(204, 238, 255);" colspan="1" class="cftnumcell">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1.04%; padding-bottom: 2px; background-color: rgb(204, 238, 255);" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 33.18%; padding-bottom: 2px; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 33.18%; padding-bottom: 2px; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1.04%; padding-bottom: 2px; background-color: rgb(204, 238, 255);" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(204, 238, 255);" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: center; width: 9.16%; padding-bottom: 2px; background-color: rgb(204, 238, 255);" colspan="1" class="cftnumcell">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1.04%; padding-bottom: 2px; background-color: rgb(204, 238, 255);" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1.04%; padding-bottom: 2px; background-color: rgb(204, 238, 255);" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1" class="cftcurrcell">
              <div>$</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 8%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1" class="cftnumcell">
              <div>273,548,421</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1" class="cftnumcell">&#160;</td>
          </tr>

      </table>
      <div><br>
      </div>
      <div style="text-align: justify;">*Party-in-interest.</div>
      <div style="text-align: justify;">** Cost omitted for these participant directed investments.</div>
      <div>&#160;</div>
      <div style="text-align: center;">See accompanying Report of Independent Registered Public Accounting Firm.</div>
      <div style="text-align: center;"> <br>
      </div>
      <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="width: 100%;" class="BRPFPageFooter"></div>
        <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-size: 8pt; color: #000000; font-weight: normal; font-style: normal;" class="BRPFPageNumber">9</font></div>
        <div class="BRPFPageBreak" style="page-break-after: always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
        <div style="width: 100%;" class="BRPFPageHeader">
          <div><a href="#TableofContents"><font style="font-weight: normal; font-size: 8pt; font-style: italic;">Table of Contents</font></a></div>
        </div>
      </div>
      <div style="text-align: justify; color: rgb(0, 0, 0); font-weight: bold;">
        <div style="text-align: center;"><u>SIGNATURES</u></div>
        <div style="text-align: center;"><u> <br>
          </u></div>
      </div>
      <div style="text-align: justify; color: #000000;"><font style="font-style: italic;">The Plan:</font> Pursuant to the requirements of the Securities Exchange Act of 1934, the trustee (or other persons who administer the employee benefit plan) have
        duly caused this annual report to be signed on its behalf by the undersigned hereunto duly authorized.</div>
      <div>&#160;</div>
      <table cellspacing="0" cellpadding="0" border="0" id="z24ddee6572204c218b408d7bd8adc7be" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

          <tr>
            <td style="width: 50%; vertical-align: top;">
              <div style="text-align: justify; color: #000000;">Dated: June 29, 2023</div>
            </td>
            <td style="width: 50%; vertical-align: top;">
              <div style="text-align: justify; color: #000000;">NBT BANCORP INC. 401(k) AND</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;">&#160;</td>
            <td style="width: 50%; vertical-align: top;">
              <div style="text-align: justify; color: #000000;">EMPLOYEE OWNERSHIP PLAN</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;" rowspan="1">&#160;</td>
            <td style="width: 50%; vertical-align: top;" rowspan="1">&#160;</td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;">&#160;</td>
            <td style="width: 50%; vertical-align: top;">
              <div style="text-align: justify; color: #000000;"><u>By: /s/ Cynthia A. Smaniotto</u></div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;">&#160;</td>
            <td style="width: 50%; vertical-align: top;">
              <div style="text-align: justify; color: #000000;">Cynthia A. Smaniotto</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;" colspan="1"><br>
            </td>
            <td style="width: 50%; vertical-align: top;" colspan="1">
              <div style="text-align: justify; color: #000000;">Senior Vice President, Chief Human Resources Officer and Member of the Retirement Plans Committee of the NBT Bancorp Inc. 401(k) and Employee Stock Ownership Plan</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="width: 100%;" class="BRPFPageFooter"></div>
        <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-size: 8pt; color: #000000; font-weight: normal; font-style: normal;" class="BRPFPageNumber">10</font></div>
        <div class="BRPFPageBreak" style="page-break-after: always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
        <div style="width: 100%;" class="BRPFPageHeader">
          <div><a href="#TableofContents"><font style="font-weight: normal; font-size: 8pt; font-style: italic;">Table of Contents</font></a></div>
        </div>
      </div>
      <div>
        <div style="text-align: center; font-weight: bold;">EXHIBIT INDEX</div>
        <div style="text-align: center; font-weight: bold;">NBT BANCORP INC.</div>
        <div style="text-align: center; font-weight: bold;">401(k) AND EMPLOYEE STOCK OWNERSHIP PLAN</div>
        <div style="text-align: center; font-weight: bold;">FOR THE YEAR ENDED DECEMBER 31, 2022</div>
        <div style="text-align: center; font-weight: bold;"> <br>
        </div>
      </div>
      <table cellspacing="0" cellpadding="0" border="0" id="zb1fd8b35d43149e591a4aeb6ebfefbb9" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

          <tr>
            <td nowrap="nowrap" style="vertical-align: bottom;" colspan="3">
              <div style="text-align: center; font-weight: bold;"><u>Exhibit Index</u></div>
            </td>
          </tr>
          <tr>
            <td nowrap="nowrap" style="vertical-align: bottom;" rowspan="1" colspan="3">&#160;&#160;&#160;</td>
          </tr>
          <tr>
            <td nowrap="nowrap" style="width: 22%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; font-weight: bold;">Exhibit Number</div>
            </td>
            <td nowrap="nowrap" style="width: 2%; vertical-align: bottom;">&#160;</td>
            <td nowrap="nowrap" style="width: 76%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; font-weight: bold;">Description</div>
            </td>
          </tr>
          <tr>
            <td nowrap="nowrap" style="width: 22%; vertical-align: bottom;">&#160;</td>
            <td nowrap="nowrap" style="width: 2%; vertical-align: bottom;">&#160;</td>
            <td nowrap="nowrap" style="width: 76%; vertical-align: bottom;">&#160;</td>
          </tr>
          <tr>
            <td nowrap="nowrap" style="width: 22%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: center;"><a href="brhc20055059_ex23.htm">23</a></div>
            </td>
            <td nowrap="nowrap" style="width: 2%; vertical-align: bottom; background-color: rgb(204, 238, 255);">&#160;</td>
            <td nowrap="nowrap" style="width: 76%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: justify;">Consent of Independent Registered Public Accounting Firm</div>
            </td>
          </tr>

      </table>
      <div> <br>
      </div>
      <br>
      <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-size: 8pt; color: #000000; font-weight: normal; font-style: normal;" class="BRPFPageNumber">11</font></div>
      <hr noshade="noshade" align="center" style="height: 2px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;"></div>
  </div>
  <div style="width: 100%;" class="BRPFPageFooter"></div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-23
<SEQUENCE>2
<FILENAME>brhc20055059_ex23.htm
<DESCRIPTION>EXHIBIT 23
<TEXT>
<html>
  <head>
    <title></title>
    <!-- Licensed to: Broadridge Financial Solutions, Inc.
         Document created using Broadridge PROfile 23.5.1.5152
         Copyright 1995 - 2023 Broadridge -->
  </head>
<body bgcolor="#ffffff" style="font-family: 'Times New Roman'; font-size: 10pt; text-align: left; color: #000000;">
  <div>
    <hr noshade="noshade" align="center" style="height: 4px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;">
    <div>
      <div style="text-align: justify; font-weight: bold;">Exhibit 23</div>
      <div>&#160;</div>
      <div style="text-align: center; color: #000000; font-weight: bold;">Consent of Independent Registered Public Accounting Firm</div>
      <div>&#160;</div>
      <div style="color: #000000;">We consent to the incorporation by reference in the registration statements (Nos. 333-97995 and 333-168332) on Form S-8 of our report dated June 29, 2023, with respect to the financial statements and the supplemental
        information of NBT Bancorp Inc. 401(k) and Employee Stock Ownership Plan.</div>
      <div><br>
      </div>
      <div style="color: #000000;">/s/ KPMG LLP</div>
      <div><br>
      </div>
      <div style="color: #000000;">Albany, New York</div>
      <div style="color: #000000;">June 29, 2023</div>
      <div style="color: #000000;"> <br>
      </div>
      <div style="color: #000000;"> <br>
      </div>
      <div style="color: #000000;">
        <div></div>
        <hr noshade="noshade" align="center" style="height: 2px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;"> </div>
    </div>
  </div>
</body>
</html>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
