Plan Ledger DOL Form 5500 · updated monthly

Dime Community Bank401(k)

DIME COMMUNITY BANK 401(K) PLAN · HAUPPAUGE, NY · plan year 2024

Reported admin expense ratio · 2024
0.17%

Peer grade: C+ · admin costs + employer contributions vs same-size plans · how grading works

Dime Community Bank reported $161,291 in plan administrative expenses for 2024: 0.17% of average plan assets, above the peer median. Employer contributions averaged $3,194 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio rose from 0.13% to 0.17%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other finance & insurance employers. By assets it is the 773rd-largest of 5,648 plans among New York employers on file, and the 970th of 4,798 in finance & insurance. In 2024, employees put in $2.37 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$103,807,136
Participants with balances1,204
Active participants885
Employer contributions$2,826,417
Employee contributions$6,712,359
Employer contribution per active participant$3,194
Average account balance$86,219
Benefits paid to participants$14,478,545
Plan auditUnmodified (clean) audit opinion
AuditorNAWROCKI SMITH LLP
Plan history3
Yearassets · accounts · employer contribution
2024$103.8M · 1,204 accts · $2.8M emplr
2023$91.5M · 1,113 accts · $2.5M emplr
2022$77.5M · 1,162 accts · $2.5M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$146,291
Audit (IQPA)$15,000
Total administrative$161,291
The Dime Community Bank 401(k) match · 2024
Employer contribution per active participant$3,194
Median for plans this size$3,635
2024$3,194 per active participant
2023$2,995 per active participant
2022$3,032 per active participant

Dime Community Bank's 2024 employer contribution ran below the $3,635 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
TRANSAMERICA RETIREMENT SOLUTIONS · Claims processing · Recordkeeping$146,292
NAWROCKI SMITH LLP · Accounting / audit$15,000

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024Transamerica
2023Transamerica

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Administrative cost history3
2024$161,291 · 0.17%
2023$131,469 · 0.16%
2022$109,584 · 0.13%
Same employer
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Sculptor Capital NY$108.9M · 0.07%
Fred Alger & Company, LLC NY$108.0M · 0.29%
Pdt Partners, LLC NY$101.4M · 0.00%
Gic (New York) Inc. NY$97.2M · 0.12%

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Source: U.S. Department of Labor, Form 5500 series, EIN 112934194 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.