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Company:
Ocean City Home Bank
Plan:
Ocean City Home Bank Savings & Investment Plan
 

Ocean City Home Bank

66 Plan:

 
 
66
48
68
82
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 (66) and the top rated plan (82) could equate to:
[How is this calculated?]
8 additional years of work
Up to $89,000 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 Savings & Investment Plan is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 66. This plan is in the top 35% of plans for Participation Rate. Ocean City Home Bank Savings & Investment Plan currently has over 200 active participants and over $10.8M in plan assets.


 Investment Menu Statistics

No. of Investment Options
18
Plan Average: 20
Largest Funds in this 401k: based on % allocation of assets
1. Ocean Shore Holding Company 17%
2. Wells Fargo Stable Value 16%
3. American Funds American Balanced 9%

 Retirement Plan Details

Address 1001 Asbury Avenue
Ocean City, NJ 08226 
Industry Savings Institutions
Administrator Sharon Taggart
Net Plan Assets $10,800,000
Total Participants 220
Avg Account Balance $51,000

 
Plan Service Providers

Insurance Advisor/Broker AXA Equitable
Administration Prudential
Recordkeeper Prudential
Auditor Friedman, LLP