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:
Below Avg.
Account Balance:
Average
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Top Industry Articles

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%
27%
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

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

Boeing Plan Report (Updated)

Boeing Fee Settlement Highlights the High Bar for Large Plans

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

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