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Company:
Ocean City Home Bank
Plan:
Ocean City Home Bank Employee Stock Ownership Plan
 

Ocean City Home Bank

62 Plan:

 
 
62
29
66
89
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 27 point difference between this plan's BrightScope Rating (62) and the top rated plan (89) could equate to:
[How is this calculated?]
14 additional years of work
Up to $213,800 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

Ocean City Home Bank Employee Stock Ownership Plan is a defined contribution plan with a stock bonus component and leveraged ESOP component. This plan has a BrightScope Rating of 62. This plan is in the top 15% of plans for Participation Rate and Total Plan Cost. Ocean City Home Bank Employee Stock Ownership Plan currently has over 100 active participants and over $5.9M in plan assets.


 Investment Menu Statistics

No. of Investment Options
2
Plan Average: 20
Largest Funds in this 401k: based on % allocation of assets
1. Ocean Shore Holding Company 99%
2. Federated Government Obligations Money Market 0%

 Retirement Plan Details

Address P.O. Box 447
Ocean City, NJ 08226-0447 
Industry Savings Institutions
Administrator Sharon L. Taggart
Net Plan Assets $5,900,000
Total Participants 190
Avg Account Balance $31,000

  Plan Service Provider

Auditor Friedman, LLP