Ocean Power Technologies, Inc. 401(K) Plan — Form 5500 plan (Ocean Power Technologies, Inc.)
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, Ocean Power Technologies, Inc. 401(K) Plan is a benefit plan reported by Ocean Power Technologies, Inc. under EIN 22-2535818 and plan number 001. The latest loaded filing year is 2023. The filing reports 72 participants and $5,342,155 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Ocean Power Technologies, Inc.
- EIN
- 22-2535818
- Plan number
- 001
- Plan type
- 2
- Location
- Monroe Township, NJ
- Latest filing year
- 2023
- Participants
- 72
- End-of-year plan assets
- $5,342,155
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 72 | I | 20240923093337NAL0011197441001 |
Reported financial statement (2023 · Schedule I)
Net assets
- Total assets (EOY)
- $5,342,155
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $5,342,155
- Net assets (BOY)
- $3,575,871
Income & contributions
- Employer contributions
- $437,801
- Participant contributions
- $746,383
- Total income / additions
- $2,570,024
Expenses & distributions
- Benefits paid
- $798,714
- Administrative expenses
- $5,026
- Total expenses
- $803,740
- Net increase / (decrease)
- $1,766,284
Service provider compensation (Schedule C)
No Schedule C service provider compensation is loaded for this plan yet.