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

Ocean Bank

63 Plan: Ocean Bank 401k Savings Plan

 
 
63
32
70
88
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 25 point difference between this plan's BrightScope Rating (63) and the top rated plan (88) could equate to:
[How is this calculated?]
14 additional years of work
Up to $103,100 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 63. This plan is in the top 35% of plans for Account Balances, Investment Menu Quality, Participation Rate, and Total Plan Cost. Ocean Bank 401k Savings Plan currently has over 800 active participants and over $54.5M in plan assets.


 Investment Menu Statistics

No. of Investment Options
15
Plan Average: 20
Largest Funds in this 401k: based on % allocation of assets
1. T. Rowe Price Stable Value Fund 41%
2. T. Rowe Price Blue Chip Growth 9%
3. T. Rowe Price Mid-Cap Growth 7%

 Retirement Plan Details

Address 780 Nw 42nd Avenue
Suite 427
Miami, FL 33126-5597 
Industry Commercial Banking
Administrator Astrid Cobaleda
Net Plan Assets $54,500,000
Total Participants 840
Avg Account Balance $69,000

 Compare Other Companies in Peer Group

CoBiz Financial 75.8
Bangor Savings Bank 74.2
Lakeland Financial 70.5
Liberty Bank 70.4
MainSource Financial Group 67.7
Columbia Bank 67.5

 
Plan Service Providers

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