2023 Form 5500 filing — Ocean Fleet Services 401(K) 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 20240924123754NAL0022908912001) for Ocean Fleet Services 401(K) Plan, reported by Ocean Fleet Services, Inc. under EIN 82-3103392 and plan number 001. It reports 551 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240924123754NAL0022908912001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Ocean Fleet Services, Inc.
- EIN
- 82-3103392
- Plan number
- 001
- Location
- Suffolk, VA
- Participants
- 551
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $26,725,977
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $26,725,977
- Employer contributions
- $998,597
- Participant contributions
- $2,141,166
- Total income / additions
- $7,003,290
- Benefits paid
- $3,804,120
- Administrative expenses
- $83,516
- Total expenses
- $3,916,470
- Net increase / (decrease)
- $3,086,820
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Empower Annuity Insurance Company O | RECORDKEEPER | $46,118 | $0 |
| Gallagher Benefit Services Inc Dba | INVESTMENT ADVISOR | $27,674 | not reported in the loaded dataset |
| Empower Advisory Group, LLC | INVESTMENT MGMT | $18,024 | not reported in the loaded dataset |
| Qdro Consultants Company, LLC | OTHER | $300 | not reported in the loaded dataset |
| Kestra Advisory Services LLC | OTHER | -$8,600 | not reported in the loaded dataset |