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Company:
Ocwen Financial Corporation
Plan:
Ocwen Financial Corporation 401k Savings Plan
 

Ocwen Financial Corporation

63 Plan: Ocwen Financial Corporation 401k Savings Plan

 
 
63
29
66
86
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 23 point difference between this plan's BrightScope Rating (63) and the top rated plan (86) could equate to:
[How is this calculated?]
12 additional years of work
Up to $133,800 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

Ocwen Financial Corporation 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 Salary Deferral. Ocwen Financial Corporation 401k Savings Plan currently has over 500 active participants and over $13.1M in plan assets.


 Investment Menu Statistics

No. of Investment Options
92
Plan Average: 20
Largest Funds in this 401k: based on % allocation of assets
1. John Hancock Funds II Lifestyle Growth 12%
2. Vanguard Short-Term Federal 7%
3. John Hancock Funds II Lifestyle Balanced 6%

 Retirement Plan Details

Address 1661 Worthington Road, Suite 100
West Palm Beach, FL 33409 
Industry Commercial Banking
Administrator John V. Britti
Net Plan Assets $13,100,000
Total Participants 580
Avg Account Balance $26,000

  Plan Service Providers

Insurance Carrier John Hancock
Insurance Advisor/Broker Gallagher Liedman
Recordkeeper John Hancock
Recordkeeper Sentinel Benefits
Auditor Kathy Alonso, CPA, P.A