Plain-English plan 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, Oceanfirst Bank Employee Stock Ownership Plan is a benefit plan reported by Oceanfirst Bank under EIN 21-0607451 and plan number 004. The latest loaded filing year is 2023. The filing reports 1,057 participants and $28,709,313 in end-of-year plan assets, where available in the loaded dataset.
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $28,709,313
- Total liabilities (EOY)
- $4,241,197
- Net assets (EOY)
- $24,468,116
- Net assets (BOY)
- $29,008,398
Income & contributions
- Employer contributions
- $2,444,751
- Total contributions
- $2,444,751
- Total income / additions
- -$2,194,085
Expenses & distributions
- Benefits paid
- $2,097,083
- Administrative expenses
- $66,060
- Total expenses
- $2,346,197
- Net increase / (decrease)
- -$4,540,282