Plan Snapshot
- Plan Sponsor: Dime Community Bank
- Sponsor EIN: 112934194
- Sponsor Address: 898 VETERANS MEMORIAL HIGHWAY, HAUPPAUGE, NY, 11788
- Plan Type: 401(k)
- Total Participants: 885
- Total Assets: $103.8M
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. |
|---|---|---|---|---|
| 2024 | 885 | $103.8M | $2.8M | $6.7M |
| 2023 | 842 | $91.5M | $2.5M | $6.1M |
| 2022 | 808 | $77.5M | $2.5M | $5.7M |
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 |
|---|---|---|---|---|
| TRANSAMERICA RETIREMENT SOLUTIONS | RECORDKEEPER | $146,292 | — | $146,292 |
| NAWROCKI SMITH LLP | AUDITOR | $15,000 | — | $15,000 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- TRANSAMERICA RETIREMENT SOLUTIONS — RECORDKEEPER
- NAWROCKI SMITH LLP — AUDITOR
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $161,292
- Estimated Expense Ratio: 0.155% 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 |
|---|---|---|---|---|---|
| 2024 | $161,291 | — | — | $15,000 | — |
| 2023 | $131,469 | — | — | — | — |
| 2022 | $109,584 | — | — | — | — |