Home  >   401k Directory   >   Ocean Bank
 
Company:
Ocean Bank
Plan:
Ocean Bank 401k Savings Plan
 

Ocean Bank

67 Plan: Ocean Bank 401k Savings Plan

 
 
67
34
71
83
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 16 point difference between this plan's BrightScope Rating (67) and the top rated plan (83) could equate to:
[How is this calculated?]
8 additional years of work
Up to $139,500 in lost retirement savings.
The delay in retirement calculations apply solely to this defined contribution plan and do not take into account other retirement plans and programs offered by this employer.

 

Retirement Plan Description

Ocean Bank 401k Savings Plan is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 67. This plan is in the top 35% of plans for Account Balances, Participation Rate, Salary Deferral, and Total Plan Cost. Ocean Bank 401k Savings Plan currently has over 800 active participants and over $60.1M in plan assets.


 Investment Menu Statistics

No. of Investment Options
26
Plan Average: 20
Largest Funds in this 401k: based on % allocation of assets
1. T. Rowe Price Stable Value Fund 38%
2. T. Rowe Price Retirement 19%
3. T. Rowe Price Blue Chip Growth 9%

 Retirement Plan Details

Address 780 Nw 42nd Avenue
Suite 427
Miami, FL 33126-5597 
Industry Commercial Banking
Administrator Astrid I. Cobaleda
Net Plan Assets $60,100,000
Total Participants 830
Avg Account Balance $76,000

 
Plan Service Providers

Consultant Aon Hewitt
Corporate Trustee T. Rowe Price
Recordkeeper T. Rowe Price
Investment Adviser Aon Hewitt
Auditor Crowe Horwath LLP