Ocean Bank 401(K) Savings Plan — Form 5500 plan (Ocean Bank)
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 Bank 401(K) Savings Plan is a benefit plan reported by Ocean Bank under EIN 59-2237280 and plan number 001. The latest loaded filing year is 2023. The filing reports 833 participants and $95,367,562 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Ocean Bank
- EIN
- 59-2237280
- Plan number
- 001
- Plan type
- 2
- Location
- Miami, FL
- Latest filing year
- 2023
- Participants
- 833
- End-of-year plan assets
- $95,367,562
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 833 | H, C | 20241015093525NAL0056814962001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $95,367,562
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $95,367,562
- Net assets (BOY)
- $88,508,806
Income & contributions
- Employer contributions
- $1,766,487
- Participant contributions
- $4,941,764
- Total contributions
- $7,236,831
- Total income / additions
- $18,197,610
Expenses & distributions
- Benefits paid
- $11,206,822
- Administrative expenses
- $132,032
- Total expenses
- $11,338,854
- Net increase / (decrease)
- $6,858,756
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| T Rowe Price Rps Inc | NONE | $77,036 | $0 | 2023 |
| Aon | NONE | $28,457 | not reported in the loaded dataset | 2023 |
| Curcio Webb, LLC | NONE | $15,000 | not reported in the loaded dataset | 2023 |
| Crowe LLC | NONE | $11,540 | not reported in the loaded dataset | 2023 |
| Charles Schwab & Co., Inc. | NONE | $29 | $0 | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Ocean Bank
- 2023 Form 5500 filing
- Form 5500 filings in FL
- 401(k) and benefit plan filings in Miami, FL
- T Rowe Price Rps Inc — Schedule C compensation
- Aon — Schedule C compensation
- Curcio Webb, LLC — Schedule C compensation
- Crowe LLC — Schedule C compensation
- Charles Schwab & Co., Inc. — Schedule C compensation