Employers › Pioneer Bancorp
Recordkeeping fees per participant · Pioneer Bank, National Association 401(k) Savings Plan · plan year 2024
$30.36
Higher than 27% of the 14,075 plans $10 to 50M that report it.
= $9,380 / 309
Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250627141028NAL0009838673001, received 2025-06-27
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250627141028NAL0009838673001, received 2025-06-27
Percentiles compare this plan with the Schedule H plans $10 to 50M in assets of the same plan year, excluding final filings; shown only where at least 50 comparable plans report the figure. Plan year 2024-01-01 to 2024-12-31, filing received 2025-06-27.
Administrative expenses excluding investment management, per participant
$124.00
Higher than 52% of the 24,371 plans $10 to 50M that report it.
= $38,317 / 309
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250627141028NAL0009838673001, received 2025-06-27
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250627141028NAL0009838673001, received 2025-06-27
Administrative expenses per participant
$124.00
Higher than 32% of the 25,098 plans $10 to 50M that report it.
= $38,317 / 309
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250627141028NAL0009838673001, received 2025-06-27
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250627141028NAL0009838673001, received 2025-06-27
Administrative expenses as a share of assets
0.142%
Higher than 26% of the 25,132 plans $10 to 50M that report it.
= $38,317 / $27,002,967
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250627141028NAL0009838673001, received 2025-06-27
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250627141028NAL0009838673001, received 2025-06-27
Employer contributions per participant
$1,818
Higher than 42% of the 24,050 plans $10 to 50M that report it.
= $561,801 / 309
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250627141028NAL0009838673001, received 2025-06-27
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250627141028NAL0009838673001, received 2025-06-27
Employer share of total contributions
23.3%
Higher than 34% of the 24,084 plans $10 to 50M that report it.
= $561,801 / $2,408,400
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250627141028NAL0009838673001, received 2025-06-27
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250627141028NAL0009838673001, received 2025-06-27
Employer match
“The Bank’s matching contribution calculation is made in an amount equal to 100% of the first 1% of each participant’s elective contributions, and 50% of the next 5% of such participant’s elective contributions, or a maximum contribution of 3.5% of the participant’s compensation.”
Form 11-K filed 2026-06-29, for the year ended 2025-12-31 · plan description note, contributions · source document
Eligibility
“Employees are eligible to participate in the Plan and make pre-tax or Roth contributions through salary deferrals on the first day of the month coinciding with or next following upon attainment of the age of twenty-one and completion of 60 days of service.”
Form 11-K filed 2026-06-29, for the year ended 2025-12-31 · plan description note, general (fallback) · source document
Vesting
“Vesting in the remainder of their accounts, plus earnings (losses) thereon, is based on a two year cliff vesting for all participants for the employer safe harbor contributions and a six year graded vesting schedule for any employer discretionary contributions at the rate of 20% per year of service after second year of service.”
Form 11-K filed 2026-06-29, for the year ended 2025-12-31 · plan description note, vesting · source document
Terms quoted from the filing for the year ended 2025-12-31. Figures cover plan year 2024. The plan document governs.
2E profit-sharing · 2F ERISA 404(c) plan · 2J 401(k) feature · 2K 401(m) arrangement · 2G fully participant-directed · 2S pre-approved plan document · 2T default investment (QDIA) · 3D IRS pre-approved plan · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20250627141028NAL0009838673001, received 2025-06-27
| Field | Value | Source |
|---|---|---|
| Plan sponsor | PIONEER BANK, NATIONAL ASSOCIATION | Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20250627141028NAL0009838673001, received 2025-06-27 |
| Plan name | PIONEER BANK, NATIONAL ASSOCIATION 401(K) SAVINGS PLAN | Form 5500, line 1a; PLAN_NAME pos 16; filing 20250627141028NAL0009838673001, received 2025-06-27 |
| Sponsor EIN / plan number | 14-0970570 / 002 | Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20250627141028NAL0009838673001, received 2025-06-27 |
| Plan type | single-employer | Form 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20250627141028NAL0009838673001, received 2025-06-27 |
| Sponsor location | ALBANY, NY | Form 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20250627141028NAL0009838673001, received 2025-06-27 |
| Industry (business code) | 522120, Finance and insurance | Form 5500, line 2d; BUSINESS_CODE pos 46; filing 20250627141028NAL0009838673001, received 2025-06-27 |
| Plan year | 2024-01-01 to 2024-12-31 | Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20250627141028NAL0009838673001, received 2025-06-27 |
| Filing received | 2025-06-27 | Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20250627141028NAL0009838673001, received 2025-06-27 |
| Final filing | no | Form 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20250627141028NAL0009838673001, received 2025-06-27 |
| Amended filing | no | Form 5500, Part I line B; AMENDED_IND pos 7; filing 20250627141028NAL0009838673001, received 2025-06-27 |
| Participants, beginning of year | 414 | Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20250627141028NAL0009838673001, received 2025-06-27 |
| Active participants | 295 | Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20250627141028NAL0009838673001, received 2025-06-27 |
| Participants, end of year | 309 | Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20250627141028NAL0009838673001, received 2025-06-27 |
| Participants with an account balance | 309 | Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250627141028NAL0009838673001, received 2025-06-27 |
| Total assets, beginning of year | $23,102,531 | Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20250627141028NAL0009838673001, received 2025-06-27 |
| Total assets, end of year | $27,002,967 | Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250627141028NAL0009838673001, received 2025-06-27 |
| Net assets, end of year | $27,002,967 | Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20250627141028NAL0009838673001, received 2025-06-27 |
| Total income | $5,805,411 | Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20250627141028NAL0009838673001, received 2025-06-27 |
| Net income | $3,900,436 | Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20250627141028NAL0009838673001, received 2025-06-27 |
| Employer contributions | $561,801 | Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250627141028NAL0009838673001, received 2025-06-27 |
| Participant contributions | $1,584,598 | Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20250627141028NAL0009838673001, received 2025-06-27 |
| Other contributions (incl. rollovers) | $262,001 | Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20250627141028NAL0009838673001, received 2025-06-27 |
| Total contributions | $2,408,400 | Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250627141028NAL0009838673001, received 2025-06-27 |
| Benefit payments | $1,813,643 | Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20250627141028NAL0009838673001, received 2025-06-27 |
| Total expenses (incl. benefit payments) | $1,904,975 | Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20250627141028NAL0009838673001, received 2025-06-27 |
| Total administrative expenses | $38,317 | Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250627141028NAL0009838673001, received 2025-06-27 |
| Contract administrator fees | $28,937 | Schedule H, line 2i(2); CONTRACT_ADMIN_FEES_AMT pos 106; filing 20250627141028NAL0009838673001, received 2025-06-27 |
| Recordkeeping fees | $9,380 | Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250627141028NAL0009838673001, received 2025-06-27 |
| Administrative expenses excluding investment management | $38,317 | derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250627141028NAL0009838673001, received 2025-06-27 |
| Held in common/collective trusts | $1,574,935 | Schedule H, line 1c(9) col (b); INT_COMMON_TR_EOY_AMT pos 51; filing 20250627141028NAL0009838673001, received 2025-06-27 |
| Held in mutual funds | $22,383,603 | Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20250627141028NAL0009838673001, received 2025-06-27 |
| Independent auditor | BONADIO & CO., LLP | Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20250627141028NAL0009838673001, received 2025-06-27 |
Position = column in the DOL layout for form year 2024. Filing 20250627141028NAL0009838673001, received 2025-06-27.
| Provider | Relationship | Service codes | Direct compensation | Indirect |
|---|---|---|---|---|
| EMPOWER LIFE & ANNUITY INSURANCErecordkeeper | RECORDKEEPER | 64 Recordkeeping fees | $16,422 | yes |
| PENTEGRA SERVICES, INCrecordkeeper | RECORDKEEPER | 15 Recordkeeping and information management | $11,179 | yes |
| PENTEGRA SERVICES, INC | CONTRACT ADMIN | 13 Contract administrator | $8,956 | no |
Schedule C Part I line 2: name (a), service codes (b), relationship (c), direct compensation paid by the plan (d), indirect compensation received (e). Filing 20250627141028NAL0009838673001, received 2025-06-27.
| Figure | 2023 | 2024 | Change |
|---|---|---|---|
| Total assets | $23,102,531 | $27,002,967 | 16.9% |
| Participants with a balance | 297 | 309 | 4.0% |
| Administrative expenses | $43,044 | $38,317 | -11.0% |
| Recordkeeping fees per participant | not reported | $30.36 | |
| Employer contributions | $502,091 | $561,801 | 11.9% |
Prior filing 20240710101729NAL0023815760001, received 2024-07-10; the plan years are contiguous.
Sponsor name as filed: PIONEER BANK, NATIONAL ASSOCIATION; SEC registrant: Pioneer Bancorp, Inc./MD (CIK 1769663, matched by 11-K plan title; display name from the Form 11-K cover).