DIME COMMUNITY BANK 401(K) PLAN

Address: 898 VETERANS MEMORIAL HIGHWAY,,HAUPPAUGE,NY
Contact person: JOHN FILIPSKI
Phone: (631) 537-1000

DIME COMMUNITY BANK 401(K) PLAN has the following features:
Automatic Enrollment: It provides automatic enrollment with elective contributions deducted from payroll.
Default Investments: It uses a default investment account for participants or employees who fail to direct assets in their account.

At the end of 2022, the total retirement plan assets of DIME COMMUNITY BANK 401(K) PLAN is $77,450,724.00.This plan was established in 1996.

At the end of 2022, the total number of retirement plan participants in DIME COMMUNITY BANK 401(K) PLAN is 1033

In 2022, the average participant retirement account value for DIME COMMUNITY BANK 401(K) PLAN is $74,976.00

In 2022, the estimated average employee contribution amount per participant for DIME COMMUNITY BANK 401(K) PLAN is $6,814.00

In 2022, the estimated average employer match for an employee in DIME COMMUNITY BANK 401(K) PLAN is approximately $2,371.00

In 2022, DIME COMMUNITY BANK 401(K) PLAN allocates $2,450,156.00 to match its employees' contributions, providing an employer match rate of 42.80% of their contributions

In 2022, the total retirement plan asset growth rate of DIME COMMUNITY BANK 401(K) PLAN is -12.07%

In 2022, the estimated aggregate retirement account investment gain/loss for DIME COMMUNITY BANK 401(K) PLAN is -13.74%. This measures the effectiveness of the plan participants' investments in the year.

In 2022, the investment and administrative expense ratio of DIME COMMUNITY BANK 401(K) PLAN is 0.14%.

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