Plan Snapshot
- Plan Sponsor: Blue Ocean INC
- Sponsor EIN: 474776488
- Sponsor Address: 11075 SW 11TH STREET, BEAVERTON, OR, 97005
- Plan Type: 401(k)
- Total Participants: 127
- Total Assets: $2.3M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 127 | $2.3M | $246,940 | $501,695 |
| 2023 | 118 | $1.6M | $194,956 | $377,568 |
| 2022 | 101 | $847,789 | $167,751 | $298,765 |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| ADP, INC. | RECORD KEEPER | $14,446 | — | $14,446 |
| TALBOT KORVOLA & WARWICK LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ADP, INC. — RECORD KEEPER
- TALBOT KORVOLA & WARWICK LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $14,446
- Estimated Expense Ratio: 0.627% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $14,446 | — | — | — | — |
| 2023 | $6,136 | $5,179 | — | — | — |
| 2022 | $3,128 | — | — | — | — |