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Company:
OceanFirst Bank
Plan:
OceanFirst Bank Employee Stock Ownership Plan
 

OceanFirst Bank

53 Plan:

 
 
53
47
71
88
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 35 point difference between this plan's BrightScope Rating (53) and the top rated plan (88) could equate to:
[How is this calculated?]
17 additional years of work
Up to $188,200 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

OceanFirst 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 53. This plan is in the top 15% of plans for Total Plan Cost. OceanFirst Bank Employee Stock Ownership Plan currently has over 400 active participants and over $29.2M in plan assets.


 Investment Menu Statistics

No. of Investment Options
1
Plan Average: 20
Largest Funds in this 401k: based on % allocation of assets
1. OceanFirst Financial Corp. Common Stock 100%

 Retirement Plan Details

Address 975 Hooper Avenue
Toms River, NJ 08753 
Industry Savings Institutions
Administrator Michael Fitzpatrick
Net Plan Assets $29,200,000
Total Participants 450
Avg Account Balance $67,000

 Compare Other Companies in Peer Group

BankNewport 73.0
Kearny Federal Savings Bank 68.6
Northwestern Bank 68.1
Territorial Savings Bank 67.5
Gate City Bank 66.9
BankFinancial 66.4

 
Plan Service Providers

Corporate Trustee GreatBanc Trust
Auditor Kpmg, LLP