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Ocean, Inc.

Form 5500 Data
OverviewPlan ComponentsInvestmentsProvidersArticles & Questions

Ocean, Inc.

38
Form 5500 Data
OverviewPlan ComponentsInvestmentsProvidersArticles & Questions

Overview

Plan Rating

BrightScope Rating
38
Lowest Rating in Peer Group
Average Rating in Peer Group
Highest Rating in Peer Group
0102030405060708090100
Lowest in Peer Group (38)
Average in Peer Group (71)
Highest in Peer Group (87)

Plan Description

Ocean Comunity Economic Action Now, Inc. 403(b) Savings Plan is a defined contribution plan with a leveraged ESOP component. This plan has a BrightScope Rating of 38. Ocean Comunity Economic Action Now, Inc. 403(b) Savings Plan currently has over 100 active participants and over $2.0M in plan assets.

Did you know?

For the average 401k participant, the 49 point difference between this plan's BrightScope Rating (38) and the top rated plan (87) could equate to:
23
Additional years of work
328,264
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 12/31/2017
Plan data has been audited by an Independent Qualified Public Accountant (IQPA). Address 40 Washington Street
  • Location
    Toms River , NJ
    • 08754
  • Industry
    Educational Services
  • Administrator
    Beth Hudson
  • Net Plan Assets
    $1,950,000
  • Total Participants
    140
  • Avg Account Balance
    $24,000

Plan Components

Component Ratings

Design

Total Plan Cost:
Highest
Company Generosity:
Poor

Performance

Participation Rate:
Below Avg.
Salary Deferrals:
Poor
Account Balance:
Below Avg.

Design

Total Plan Cost:
High Fees
Company Generosity:
Below Avg.

Performance

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

Peer Group Plans

Company Rating
Yellowstone Forever 72.7
Tulsa Educare 59.4
Tri-State Educational Systems 58.0
The Lexington School 51.8
South Hills School of Business & Technology 48.9
North Carolina Wesleyan College 48.8

Top Industry Articles

exclusives
The Retirement Crisis Is a Coverage Crisis
For those workers who are offered a retirement savings plan at work, the U.S. retirement system functions pretty well; solutions are needed, however, to extend coverage to millions more Americans.
July 25, 2019
Compliance
First Hints of Potential New DOL Fiduciary Rule Emerge

The Department of Labor has submitted a draft regulation to the Office of Management and Budget.

June 2, 2020
Compliance
Retirement Plan Cyberfraud Suit Moves On With Claims Against Both Parties

A federal judge previously moved forward ERISA claims against retirement plan providers and has recently allowed for a counterclaim by the providers against the plan sponsor.

May 29, 2020
Compliance
Lawsuit Calls Into Question Reasons for Fund Changes

Plan participants allege prohibited transactions between a plan sponsor and its investment manager relating to a revamp of the plan's investment lineup.

May 29, 2020
Compliance
Split Supreme Court Rules in Thole v. U.S. Bank; Major Implications for Pensions

The case is expected to help determine whether the millions of Americans whose pensions are held in defined benefit plans have the right to sue the fiduciaries of their plans for mismanaging assets, even when their own retirement benefit has not suffered.

June 1, 2020

Investments

Investment Menu Stats

# of Investment Options

35

(Plan Average: 20)

Largest Funds in this Plan Allocation of Assets 1 YR Rank in Category
Nationwide Fixed Account 39%
N/A
Vanguard Group Target Retirement 23%
16%
Nationwide S&P 500 Index 4%
62%
Fund hidden
100%
Fund hidden
100%
Fund hidden
100%
Fund hidden
100%
View all funds in this plan
for Asset Managers

Providers

Plan Service Providers

SERVICE PROVIDER
Insurance Carrier
Nationwide Life Insurance Company
Insurance Advisor/Broker
Cetera Advisor Networks, LLC
Administration
Nationwide
Recordkeeper
Nationwide
Administration
Alliant Retirement Services
Recordkeeper
Alliant Retirement Services
Auditor
Stringari and Cimer, CPA

Articles and Questions

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Boeing Offers a Near Perfect Retirement Plan ModelIn most respects Boeing’s retirement offering is a great model of how to run a large retirement plan. Participants in Boeing’s 401(k) plan are beneficiaries of a participant-friendly design with immediate access, automatic enrollment, immediate ves

Why Do Investment Expenses Matter?
Ryan Alfred

Popular Questions

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