Overview

Plan Rating

BrightScope Rating
62
Lowest Rating in Peer Group
Average Rating in Peer Group
Highest Rating in Peer Group
0102030405060708090100
Lowest in Peer Group (32)
Average in Peer Group (69)
Highest in Peer Group (90)

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 62. Ocwen Financial Corporation 401k Savings Plan currently has over 3,400 active participants and over $93.2M in plan assets.

Did you know?

For the average 401k participant, the 28 point difference between this plan's BrightScope Rating (62) and the top rated plan (90) could equate to:
16
Additional years of work
100,542
Lost 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. How is this calculated?

Plan Details

Plan Details Relevant details about the plan and the plan sponsor, including the address and industry of the plan sponsor and the size of the plan in assets and participants.

 
Plan data accurate as of 12/31/2013
Plan data has been audited by an Independent Qualified Public Accountant (IQPA).
Address 1661 Worthington Road, Suite 100
  • Location
    West Palm Beach , FL
  • 33409
  • Industry
    Commercial Banking
  • Administrator
    Robyn G. Segady
  • Net Plan Assets
    $93,200,000
  • Total Participants
    3,500
  • Avg Account Balance
    $33,000

Plan Components

Component Ratings

Design

Total Plan Cost:
Highest
Company Generosity:
Average

Performance

Participation Rate:
Average
Salary Deferrals:
Average
Account Balance:
Average

Design

Total Plan Cost:
Highest
Company Generosity:
Average

Performance

Participation Rate:
Below Avg.
Salary Deferrals:
Average
Account Balance:
Below Avg.
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Investments

Investment Menu Stats

# of Investment Options

128

(Plan Average: 20)

Largest Funds in this Plan Allocation of Assets 1 YR Rank in Category
John Hancock Retirement Living through 21%
N/A
John Hancock Lifestyle Balanced 16%
N/A
John Hancock Lifestyle Growth 15%
N/A
Fund hidden
100%
Fund hidden
100%
Fund hidden
100%
Fund hidden
100%
View all funds in this plan

Providers

Plan Service Providers

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