DIME COMMUNITY BANK has sponsored the creation of one or more 401k plans.
Submission information for form 5500 for 401k plan THE RETIREMENT PLAN OF DIME COMMUNITY BANK
| Measure | Date | Value |
|---|
| 2022: THE RETIREMENT PLAN OF DIME COMMUNITY BANK 2022 401k membership |
|---|
| Market value of plan assets | 2022-09-30 | 28,036,276 |
| Acturial value of plan assets | 2022-09-30 | 25,256,363 |
| Funding target for retired participants and beneficiaries receiving payment | 2022-09-30 | 13,075,097 |
| Number of terminated vested participants | 2022-09-30 | 107 |
| Fundng target for terminated vested participants | 2022-09-30 | 4,078,449 |
| Active participant vested funding target | 2022-09-30 | 911,325 |
| Number of active participants | 2022-09-30 | 19 |
| Total funding liabilities for active participants | 2022-09-30 | 924,214 |
| Total participant count | 2022-09-30 | 267 |
| Total funding target for all participants | 2022-09-30 | 18,077,760 |
| Balance at beginning of prior year after applicable adjustments | 2022-09-30 | 5,450,066 |
| Prefunding balance at beginning of prior year after applicable adjustments | 2022-09-30 | 0 |
| Carryover balanced portion elected for use to offset prior years funding requirement | 2022-09-30 | 0 |
| Prefunding balanced used to offset prior years funding requirement | 2022-09-30 | 0 |
| Amount remaining of carryover balance | 2022-09-30 | 5,450,066 |
| Amount remaining of prefunding balance | 2022-09-30 | 0 |
| Present value of excess contributions | 2022-09-30 | 0 |
| Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance | 2022-09-30 | 0 |
| Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance | 2022-09-30 | 0 |
| Reductions in caryover balances due to elections or deemed elections | 2022-09-30 | 0 |
| Reductions in prefunding balances due to elections or deemed elections | 2022-09-30 | 0 |
| Balance of carryovers at beginning of current year | 2022-09-30 | 6,694,316 |
| Balance of prefunding at beginning of current year | 2022-09-30 | 0 |
| Total employer contributions | 2022-09-30 | 0 |
| Total employee contributions | 2022-09-30 | 0 |
| Contributions allocated toward unpaid minimum require contributions from prior years | 2022-09-30 | 0 |
| Contributions made to avoid restrictions adjusted to valuation date | 2022-09-30 | 0 |
| Contributions allocated toward minimum required contributions for current year adjusted to valuation date | 2022-09-30 | 0 |
| Unpaid minimum required contributions for all prior years | 2022-09-30 | 0 |
| iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years | 2022-09-30 | 0 |
| Remaining amount of unpaid minimum required contributions | 2022-09-30 | 0 |
| Minimum required contributions for current year target normal cost | 2022-09-30 | 72,277 |
| Net shortfall amortization installment of oustanding balance | 2022-09-30 | 0 |
| Waiver amortization installment | 2022-09-30 | 0 |
| Total funding amount beforereflecting carryover/prefunding balances | 2022-09-30 | 0 |
| Carryover balance elected to use to offset funding requirement | 2022-09-30 | 0 |
| Prefunding balance elected to use to offset funding requirement | 2022-09-30 | 0 |
| Additional cash requirement | 2022-09-30 | 0 |
| Contributions allocatedtoward minimum required contributions for current year | 2022-09-30 | 0 |
| Unpaid minimum required contributions for current year | 2022-09-30 | 0 |
| Unpaid minimum required contributions for all years | 2022-09-30 | 0 |
| 2021: THE RETIREMENT PLAN OF DIME COMMUNITY BANK 2021 401k membership |
|---|
| Total participants, beginning-of-year | 2021-10-01 | 266 |
| Total number of active participants reported on line 7a of the Form 5500 | 2021-10-01 | 17 |
| Number of retired or separated participants receiving benefits | 2021-10-01 | 127 |
| Number of other retired or separated participants entitled to future benefits | 2021-10-01 | 106 |
| Total of all active and inactive participants | 2021-10-01 | 250 |
| Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2021-10-01 | 15 |
| Total participants | 2021-10-01 | 265 |
| Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2021-10-01 | 0 |
| Measure | Date | Value |
|---|
| 2022 : THE RETIREMENT PLAN OF DIME COMMUNITY BANK 2022 401k financial data |
|---|
| Unrealized appreciation/depreciation of real estate assets | 2022-09-30 | $0 |
| Unrealized appreciation/depreciation of other (non real estate) assets | 2022-09-30 | $-2,057,830 |
| Total unrealized appreciation/depreciation of assets | 2022-09-30 | $-2,057,830 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2022-09-30 | $0 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2022-09-30 | $0 |
| Total income from all sources (including contributions) | 2022-09-30 | $-4,460,806 |
| Total loss/gain on sale of assets | 2022-09-30 | $10,105,706 |
| Total of all expenses incurred | 2022-09-30 | $1,766,216 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2022-09-30 | $1,615,813 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2022-09-30 | $0 |
| Value of total assets at end of year | 2022-09-30 | $21,809,261 |
| Value of total assets at beginning of year | 2022-09-30 | $28,036,283 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2022-09-30 | $150,403 |
| Total income from rents | 2022-09-30 | $0 |
| Total interest from all sources | 2022-09-30 | $63,624 |
| Total dividends received (eg from common stock, registered investment company shares) | 2022-09-30 | $467,116 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2022-09-30 | No |
| Total dividends received from registered investment company shares (eg mutual funds) | 2022-09-30 | $229,701 |
| Assets. Real estate other than employer real property at end of year | 2022-09-30 | $0 |
| Assets. Real estate other than employer real property at beginning of year | 2022-09-30 | $0 |
| Administrative expenses professional fees incurred | 2022-09-30 | $13,681 |
| Assets. Corporate prefeered stocks other than exployer securities at end of year | 2022-09-30 | $0 |
| Assets. Corporate prefeered stocks other than exployer securities at beginning of year | 2022-09-30 | $0 |
| Was this plan covered by a fidelity bond | 2022-09-30 | Yes |
| Value of fidelity bond cover | 2022-09-30 | $10,000,000 |
| Were there any nonexempt tranactions with any party-in-interest | 2022-09-30 | No |
| Contributions received from participants | 2022-09-30 | $0 |
| Participant contributions at end of year | 2022-09-30 | $0 |
| Participant contributions at beginning of year | 2022-09-30 | $0 |
| Participant contributions at end of year | 2022-09-30 | $0 |
| Participant contributions at beginning of year | 2022-09-30 | $0 |
| Assets. Other investments not covered elsewhere at end of year | 2022-09-30 | $4,486,564 |
| Assets. Other investments not covered elsewhere at beginning of year | 2022-09-30 | $0 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2022-09-30 | $0 |
| Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries) | 2022-09-30 | $0 |
| Value of other receiveables (less allowance for doubtful accounts) at end of year | 2022-09-30 | $46,628 |
| Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2022-09-30 | $6 |
| Assets. Loans (other than to participants) at end of year | 2022-09-30 | $0 |
| Assets. Loans (other than to participants) at beginning of year | 2022-09-30 | $0 |
| Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year | 2022-09-30 | $0 |
| Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year | 2022-09-30 | $0 |
| Administrative expenses (other) incurred | 2022-09-30 | $29,085 |
| Liabilities. Value of operating payables at end of year | 2022-09-30 | $0 |
| Liabilities. Value of operating payables at beginning of year | 2022-09-30 | $0 |
| Total non interest bearing cash at end of year | 2022-09-30 | $14,725 |
| Total non interest bearing cash at beginning of year | 2022-09-30 | $0 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2022-09-30 | No |
| Income. Non cash contributions | 2022-09-30 | $0 |
| Value of net income/loss | 2022-09-30 | $-6,227,022 |
| Value of net assets at end of year (total assets less liabilities) | 2022-09-30 | $21,809,261 |
| Value of net assets at beginning of year (total assets less liabilities) | 2022-09-30 | $28,036,283 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2022-09-30 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2022-09-30 | No |
| Were any leases to which the plan was party in default or uncollectible | 2022-09-30 | No |
| Assets. partnership/joint venture interests at end of year | 2022-09-30 | $0 |
| Assets. partnership/joint venture interests at beginning of year | 2022-09-30 | $0 |
| Investment advisory and management fees | 2022-09-30 | $107,637 |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2022-09-30 | $4,407,708 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2022-09-30 | $0 |
| Value of interest in pooled separate accounts at end of year | 2022-09-30 | $0 |
| Value of interest in pooled separate accounts at beginning of year | 2022-09-30 | $0 |
| Interest on participant loans | 2022-09-30 | $0 |
| Income. Interest from loans (other than to participants) | 2022-09-30 | $0 |
| Interest earned on other investments | 2022-09-30 | $0 |
| Income. Interest from US Government securities | 2022-09-30 | $39,492 |
| Income. Interest from corporate debt instruments | 2022-09-30 | $21,174 |
| Value of interest in master investment trust accounts at end of year | 2022-09-30 | $0 |
| Value of interest in master investment trust accounts at beginning of year | 2022-09-30 | $0 |
| Value of interest in common/collective trusts at end of year | 2022-09-30 | $0 |
| Value of interest in common/collective trusts at beginning of year | 2022-09-30 | $0 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2022-09-30 | $1,955,606 |
| Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2022-09-30 | $250,799 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2022-09-30 | $250,799 |
| Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2022-09-30 | $2,958 |
| Assets. Value of investments in 103.12 investment entities at end of year | 2022-09-30 | $0 |
| Assets. Value of investments in 103.12 investment entities at beginning of year | 2022-09-30 | $27,785,478 |
| Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2022-09-30 | $0 |
| Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2022-09-30 | $0 |
| Expenses. Payments to insurance carriers foe the provision of benefits | 2022-09-30 | $0 |
| Asset value of US Government securities at end of year | 2022-09-30 | $2,424,618 |
| Asset value of US Government securities at beginning of year | 2022-09-30 | $0 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2022-09-30 | $-947,958 |
| Net investment gain/loss from pooled separate accounts | 2022-09-30 | $0 |
| Net investment gain or loss from common/collective trusts | 2022-09-30 | $0 |
| Net gain/loss from 103.12 investment entities | 2022-09-30 | $-12,091,464 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2022-09-30 | Yes |
| Was there a failure to transmit to the plan any participant contributions | 2022-09-30 | No |
| Has the plan failed to provide any benefit when due under the plan | 2022-09-30 | No |
| Assets. Invements in employer securities at end of year | 2022-09-30 | $0 |
| Assets. Invements in employer securities at beginning of year | 2022-09-30 | $0 |
| Assets. Value of employer real property at end of year | 2022-09-30 | $0 |
| Assets. Value of employer real property at beginning of year | 2022-09-30 | $0 |
| Contributions received in cash from employer | 2022-09-30 | $0 |
| Employer contributions (assets) at end of year | 2022-09-30 | $0 |
| Employer contributions (assets) at beginning of year | 2022-09-30 | $0 |
| Income. Dividends from preferred stock | 2022-09-30 | $0 |
| Income. Dividends from common stock | 2022-09-30 | $237,415 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2022-09-30 | $1,615,813 |
| Asset. Corporate debt instrument preferred debt at end of year | 2022-09-30 | $364,440 |
| Asset. Corporate debt instrument preferred debt at beginning of year | 2022-09-30 | $0 |
| Asset. Corporate debt instrument debt (other) at end of year | 2022-09-30 | $619,493 |
| Asset. Corporate debt instrument debt (other) at beginning of year | 2022-09-30 | $0 |
| Contract administrator fees | 2022-09-30 | $0 |
| Assets. Corporate common stocks other than exployer securities at end of year | 2022-09-30 | $7,489,479 |
| Assets. Corporate common stocks other than exployer securities at beginning of year | 2022-09-30 | $0 |
| Liabilities. Value of benefit claims payable at end of year | 2022-09-30 | $0 |
| Liabilities. Value of benefit claims payable at beginning of year | 2022-09-30 | $0 |
| Assets. Value of buildings and other operty used in plan operation at end of year | 2022-09-30 | $0 |
| Assets. Value of buildings and other operty used in plan operation at beginning of year | 2022-09-30 | $0 |
| Did the plan have assets held for investment | 2022-09-30 | Yes |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2022-09-30 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2022-09-30 | No |
| Aggregate proceeds on sale of assets | 2022-09-30 | $75,104,296 |
| Aggregate carrying amount (costs) on sale of assets | 2022-09-30 | $64,998,590 |
| Liabilities. Value of acquisition indebtedness at end of year | 2022-09-30 | $0 |
| Liabilities. Value of acquisition indebtedness at beginning of year | 2022-09-30 | $0 |
| Opinion of an independent qualified public accountant for this plan | 2022-09-30 | Unqualified |
| Accountancy firm name | 2022-09-30 | NAWROCKI SMITH LLP |
| Accountancy firm EIN | 2022-09-30 | 743216978 |
