2023 Form 5500 filing — Ocwen Financial 401(K) Savings Plan
Plain-English filing summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, this is the 2023 Form 5500 filing (EFAST2 acknowledgement 20240913130759NAL0005990403001) for Ocwen Financial 401(K) Savings Plan, reported by Ocwen Financial Corporation under EIN 65-0039856 and plan number 001. It reports 3,388 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240913130759NAL0005990403001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Ocwen Financial Corporation
- EIN
- 65-0039856
- Plan number
- 001
- Location
- West Palm Beach, FL
- Participants
- 3,388
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $314,667,101
- Total liabilities (EOY)
- $31,113
- Net assets (EOY)
- $314,635,988
- Employer contributions
- $2,523,309
- Participant contributions
- $7,214,691
- Total income / additions
- $62,435,841
- Benefits paid
- $39,795,152
- Administrative expenses
- $156,007
- Total expenses
- $39,902,590
- Net increase / (decrease)
- $22,533,251
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Merrill Lynch, Pierce, Fenner And S | RECORDKEEPER | $159,739 | $0 |
| Nfp Retirement, Inc. | CONSULTANT | $75,000 | not reported in the loaded dataset |
| Baker Tilly Us, Llp | CONSULTANT | $27,575 | not reported in the loaded dataset |