Plan Snapshot
- Plan Sponsor: Dime Bank
- Sponsor EIN: 060322790
- Sponsor Address: 290 SALEM TURNPIKE, NORWICH, CT, 06360
- Plan Type: 401(k)
- Plan Number: 002
- Total Participants: 229
- Total Assets: $28.2M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2025 | 229 | $28.2M | $0 | $0 |
| 2024 | 152 | $26.4M | $649,001 | $938,117 |
| 2023 | 155 | $25.8M | $659,672 | $934,560 |
| 2022 | 156 | $23.0M | $605,878 | $957,080 |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| THE VANGUARD GROUP, INC. | Other Service Provider | $10,361 | — | $10,361 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $10,361
- Estimated Expense Ratio: 0.037% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2025 | $3,971,772 | — | $10,361 | — | — |
| 2024 | $8,863 | — | $8,863 | — | — |
| 2023 | $8,310 | — | $8,310 | — | — |
| 2022 | $13,447 | — | $13,447 | — | — |