2023 Form 5500 filing — Ocean Health Initiatives, Inc. 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 20240925053630NAL0014296577001) for Ocean Health Initiatives, Inc. 401(K) Plan, reported by Ocean Health Initiatives, Inc. under EIN 06-1691342 and plan number 001. It reports 296 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).

Form 5500 2 · 2023

Filing snapshot

Net assets (EOY)$8MReported net assets$7,972,299
Participants296
Provider compensation$67.6K3 Schedule C row(s)$67,553
Schedules filedSchedule H, Schedule CLoaded schedules
EFAST2 acknowledgement
20240925053630NAL0014296577001
Plan sponsor
Ocean Health Initiatives, Inc.
EIN
06-1691342
Plan number
001
Location
Lakewood, NJ
Received date
not reported in the loaded dataset
How to read this filing
  • This is a single annual Form 5500 filing, identified by its EFAST2 acknowledgement id.
  • Schedule chips (Sch H / I / C) show which schedules this filing includes.
  • Net assets = total assets minus total liabilities (Schedule H/I).
  • Fields a filing did not report are labeled not reported in the loaded dataset — never estimated.
  • For the plan's full history, open the plan profile.
Schedule H · 2023

Reported financial snapshot

Reported figures as filed, in whole dollars. Only fields the filing reports are shown.

Reported balance (end of year)$8M total assets
Net assets$8MLiabilities$0
Money in vs. money out
Total income / additions$2.3M
Total expenses$1M
Benefits paid / distributions$918.3K
Contributions
Employer$302.6K
Participant$817.1K
Full reported line items
Total assets (EOY)
$7,972,299
Total liabilities (EOY)
$0
Net assets (EOY)
$7,972,299
Employer contributions
$302,578
Participant contributions
$817,126
Total income / additions
$2,268,323
Benefits paid
$918,253
Administrative expenses
$67,554
Total expenses
$1,026,631
Net increase / (decrease)
$1,241,692
Schedule C

Reported service provider compensation

Compensation reported on the 2023 filing, ranked by reported total.

  1. 1
    Adp, Inc.$46.6K
    RECORD KEEPER · Direct $46.6K · Indirect $0
  2. 2
    INVESTMENT/FINANCIAL ADVI · Direct $15.3K · Indirect $0
  3. 3
    INVESTMENT/FINANCIAL ADVI · Direct $5.7K · Indirect $0

What to inspect next

Frequently asked questions

What does EFAST2 acknowledgement 20240925053630NAL0014296577001 cover?
It is the 2023 Form 5500 filing for Ocean Health Initiatives, Inc. 401(K) Plan, reported by Ocean Health Initiatives, Inc. (EIN 06-1691342).
Which Form 5500 schedules are attached to this 2023 filing?
Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).

Related Form 5500 pages