Lake Shore Bancorp Inc.ESOP
EMPLOYEE STOCK OWNERSHIP PLAN OF LAKESHORE BANCORP, INC. · DUNKIRK, NY · plan year 2024
Peer grade: C+ · admin costs + employer contributions vs same-size plans · how grading works
Lake Shore Bancorp Inc. reported $97,045 in plan administrative expenses for 2024: 8.85% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,991 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 1 year on file its reported administrative ratio fell from 9.65% to 8.85%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other finance & insurance employers. By assets it is among the smaller plans on file in New York (5,295th of 5,648), and 4,709th of 4,798 in finance & insurance. active participation has grown from 74 to 84 since 2022.
Lake Shore Bancorp Inc.'s 2024 employer contribution ran above the $1,313 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.
Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
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Source: U.S. Department of Labor, Form 5500 series, EIN 204729288 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.