Plan Ledger DOL Form 5500 · updated monthly

Patriot Bank, N.A.401(k)

PATRIOT BANK, N.A. 401(K) SAVINGS PLAN · STAMFORD, CT · plan year 2024

Reported admin expense ratio · 2024
0.40%

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

Patriot Bank, N.A. reported $33,512 in plan administrative expenses for 2024: 0.40% of average plan assets, below the peer median. Employer contributions averaged $2,412 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 0.17% to 0.40%. 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 Connecticut (795th of 1,106), and 4,110th of 4,798 in finance & insurance. In 2024, employees put in $3.28 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$8,721,836
Participants with balances142
Active participants116
Employer contributions$279,840
Employee contributions$917,189
Employer contribution per active participant$2,412
Average account balance$61,421
Benefits paid to participants$1,511,053
Plan auditUnmodified (clean) audit opinion
AuditorRSM US LLP
Plan history3
Yearassets · accounts · employer contribution
2024$8.7M · 142 accts · $280K emplr
2023$8.0M · 147 accts · $281K emplr
2022$6.9M · 146 accts · $258K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$26,876
Investment management$6,051
Total administrative$33,512
The Patriot Bank, N.A. 401(k) match · 2024
Employer contribution per active participant$2,412
Median for plans this size$1,313
2024$2,412 per active participant
2023$2,466 per active participant
2022$2,014 per active participant

Patriot Bank, N.A.'s 2024 employer contribution ran above the $1,313 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.

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
VOYA RETIREMENT ADVISORS, LLC · Investment advisory (participants)$2,859
PASI, LLC$2,067

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

Administrative cost history3
2024$33,512 · 0.40%
2023$55,415 · 0.74%
2022$12,750 · 0.17%
Same employer
Similar plansFinance & Insurance · Connecticut
Neis, Inc. CT$10.1M · 0.04%
Bennie Health, Inc. CT$4.8M · 0.48%
Tomo Networks, Inc. CT$1.8M · 0.47%

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Source: U.S. Department of Labor, Form 5500 series, EIN 061364615 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.