# Blue Ocean INC 401(k) Plan
Source: https://planprovider.pro/companies/blue-ocean-inc-401k-plan

> Blue Ocean INC's 401(k) plan: 127 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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.](https://planprovider.pro/provider/adp-retirement-services) — RECORD KEEPER

- [TALBOT KORVOLA & WARWICK LLP](https://planprovider.pro/provider/talbot-korvola-and-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|—|—|—|—|

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