Northeast Community BankESOP
NORTHEAST COMMUNITY BANK EMPLOYEE STOCK OWNERSHIP PLAN · WHITE PLAINS, NY · plan year 2024
Peer grade: A · admin costs + employer contributions vs same-size plans · how grading works
Northeast Community Bank reported $105 in plan administrative expenses for 2024: 0.00% of average plan assets, lower than ~75% of peers. Employer contributions averaged $5,818 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.
The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other finance & insurance employers. By assets it is the 2,120th-largest of 5,648 plans among New York employers on file, and 2,614th of 4,798 in finance & insurance. active participation has grown from 112 to 124 since 2022.
Northeast Community Bank's 2024 employer contribution ran above the $2,416 median for plans its size, placing it in the top quarter of its peers. 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.
Why are you looking at this plan?
Source: U.S. Department of Labor, Form 5500 series, EIN 130736530 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.