Dime Community Bank

Hauppague, NY Finance & insuranceNAICS 522110

Self-funded health planPlan year 2025Renews January
887Participants+2% vs. prior year
$2.1MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#40 of 59Finance & insurance in NYBy participants

Overview

Dime Community Bank sponsors a self-funded health plan that covered 887 participants in plan year 2025, about the same as the prior year. The plan year starts in January. Alongside medical, its benefits filing reports life insurance, dental, vision, short-term disability, and more.

Plan type
ERISA welfare benefit plan, self-funded (benefits paid from employer assets or a trust)
Participants
887 · prior year 872
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Dime Community Bank Health and Welfare Benefit Plan, plan 507 (887 participants)
Broker compensation
$119K across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityLong-term disabilityDeath benefitsOther welfare benefits

Insurance carriers

Insured coverage reported on Schedule A. Self-funded medical claims aren't reported there.

CarrierCoverageCoveredPremiumBroker comp
UnitedHealthcare Insurance CompanyDental, Vision2,431$573K$29K
Mutual of Omaha Insurance CompanyLife, Short-term disability, Long-term disability885$418K$37K
Companion Life Insurance CompanyLife887$364K$35K
Continental American Insurance CompanyAccident, Critical Illness389$181K$18K
United ConciergeTelehealth1,266$61K—

Pharmacy benefit estimate

StreamRX estimate for a plan this size. Not based on this plan's claims.

$2.1M/ year

Estimated prescription spend: 887 participants × $2,371 national average per member. Usually higher once dependents are counted.

$55K–$135K/ year

Typical savings opportunity found in independent reviews of plans this size.

Brands with a generic available$16K–$40K
Lower-cost therapeutic alternatives$23K–$49K
Generic pricing vs. actual cost$10K–$30K
PBM contract terms$5K–$16K
The DOL's PBM fee disclosure rule first applies to this plan for the plan year beginning January 2028: semiannual PBM compensation reports and an annual audit right.

Form 5500 filing details

Filing
Form 5500 with Schedule A, plan year 2025
Plan sponsor
Dime Community Bank
Sponsor EIN
11-2934194
Plan number
507
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 11-2934194 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Dime Community Bank 401(k) Plan
Type
401(k) plan
Participants
1,224

About this data

Source: Dime Community Bank's Form 5500 filing for plan year 2025 and its Schedule A insurance reports, published by the U.S. Department of Labor. "Self-funded" means the filing reports benefits paid from employer assets or a trust, with no medical insurance contract or with a stop-loss contract. Pharmacy figures are StreamRX estimates based on national averages. StreamRX is not affiliated with Dime Community Bank.

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