2023 Form 5500 filing — Ocean Properties Ltd. 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 20240926082716NAL0000781458001) for Ocean Properties Ltd. 401(K) Plan, reported by Ocean Properties Ltd. under EIN 01-0333103 and plan number 007. It reports 3,984 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240926082716NAL0000781458001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Ocean Properties Ltd.
- EIN
- 01-0333103
- Plan number
- 007
- Location
- Portsmouth, NH
- Participants
- 3,984
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $35,375,946
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $35,375,946
- Employer contributions
- $721,634
- Participant contributions
- $3,695,983
- Total income / additions
- $9,174,246
- Benefits paid
- $1,893,060
- Administrative expenses
- $128,900
- Total expenses
- $2,022,693
- Net increase / (decrease)
- $7,151,553
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Empower Annuity Ins Co Of America | RECORDKEEPER | $78,588 | $0 |
| Linsco/Private Ledger Corp | BROKER/ADVISER | $0 | $54,105 |
| Empower Advisory Group, LLC | INVESTMENT MGMT | $50,312 | not reported in the loaded dataset |