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Company:
Ocean Bank
Plan:
Ocean Bank 401k Savings Plan
 

Ocean Bank

56 Plan: Ocean Bank 401k Savings Plan

 
 
56
29
66
89
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 33 point difference between this plan's BrightScope Rating (56) and the top rated plan (89) could equate to:
[How is this calculated?]
17 additional years of work
Up to $244,700 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 56. This plan is in the top 15% of plans for Total Plan Cost. Ocean Bank 401k Savings Plan currently has over 800 active participants and over $47.8M in plan assets.


 Investment Menu Statistics

No. of Investment Options
24
Plan Average: 20
Largest Funds in this 401k: based on % allocation of assets
1. T. Rowe Price Stable Value Fund 49%
2. T. Rowe Price Blue Chip Growth 7%
3. T. Rowe Price Mid-Cap Growth 5%

 Retirement Plan Details

Address 780 Nw 42nd Avenue, Suite 500
Miami, FL 33126-5597 
Industry Commercial Banking
Administrator Jeanelle Boscan
Net Plan Assets $47,800,000
Total Participants 890
Avg Account Balance $55,000

  Plan Service Providers

Consultant Aon Hewitt
Corporate Trustee T. Rowe Price
Recordkeeper T. Rowe Price
Auditor PricewaterhouseCoopers LLP