2023 Form 5500 filing — Ocean Bank 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 20241015093525NAL0056814962001) for Ocean Bank 401(K) Savings Plan, reported by Ocean Bank under EIN 59-2237280 and plan number 001. It reports 833 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241015093525NAL0056814962001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Ocean Bank
- EIN
- 59-2237280
- Plan number
- 001
- Location
- Miami, FL
- Participants
- 833
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $95,367,562
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $95,367,562
- Employer contributions
- $1,766,487
- Participant contributions
- $4,941,764
- Total income / additions
- $18,197,610
- Benefits paid
- $11,206,822
- Administrative expenses
- $132,032
- Total expenses
- $11,338,854
- Net increase / (decrease)
- $6,858,756
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| T Rowe Price Rps Inc | NONE | $77,036 | $0 |
| Aon | NONE | $28,457 | not reported in the loaded dataset |
| Curcio Webb, LLC | NONE | $15,000 | not reported in the loaded dataset |
| Crowe LLC | NONE | $11,540 | not reported in the loaded dataset |
| Charles Schwab & Co., Inc. | NONE | $29 | $0 |