Plan Snapshot
- Plan Sponsor: Blue Ocean Realty, LLC
- Sponsor EIN: 201875198
- Sponsor Address: 11620 RED RUN BLVD., STE. 100, REISTERSTOWN, MD, 21136
- Plan Type: 401(k)
- Total Participants: 56
- Total Assets: $2.3M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 56 | $2.3M | $61,242 | $205,534 |
| 2023 | 73 | $2.0M | $72,196 | $243,345 |
| 2022 | 68 | $1.6M | $72,023 | $205,839 |
| 2017 | 108 | $449,438 | $0 | $0 |
| 2016 | 110 | $288,216 | $0 | $0 |
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 |
|---|---|---|---|---|
| LUXENBURG & BRONFIN LLC | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $171 | — | — | — | — |
| 2023 | $89 | — | $89 | — | — |
| 2022 | $516 | — | $516 | — | — |
| 2017 | $195 | — | — | — | $195 |
| 2016 | $540 | — | — | — | $540 |