Dollar Bank, Federal Savings Bank 401(k) Review & Grade
Dollar Bank Employee Tax-Sheltered Incentive Savings Plan
Pittsburgh, PAFinance & Insurance1,558 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$858Employer $ per active participant
$5,813Employee $ saved per active participant
0.06%Direct admin cost, % of plan assets
$245.1MNet plan assets, end of year
$106,263Average balance per account
Score breakdown
- Employer generosity4.1 / 508th percentile for employer $ per participant
- Low cost20.8 / 2583th percentile for low admin cost vs. same-size plans
- Employee saving4.9 / 1533th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
Total score30 / 100 · Grade D
This plan vs. peers
Peers: Finance & Insurance plans with 500–2,499 active participants (754 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 8th |
| Lower admin cost | 83th |
| Employee saving | 33th |
| Peers that auto-enroll | 62% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Dollar Bank, Federal Savings Bank put in about $858 per active participant, below the typical peer ($3,606). Any match is still an instant return, so contribute enough to get all of it.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $1,336,092 |
| Participant (employee) contributions | $9,053,138 |
| Other contributions (incl. rollovers in) | $1,981,748 |
| Administrative expenses paid from the plan | $144,818 |
| Investment advisory & management fees | $143,595 |
| Other admin expenses | $1,223 |
| Benefits paid out | $14,607,812 |
| Net assets, start / end of year | $201.4M / $245.1M |
| Active participants, start / end of year | 1,538 / 1,577 |
| Participants with account balances | 2,307 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Baker Tilly US, LLP |
Largest service providers (Schedule C)
| Vanguard Fiduciary Trust Co | $143,425 reported compensation |
| Baker Tilly US, LLP | $14,050 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251002153605NAL0000429059001, received 2025-10-02, EIN 25-0444380, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.