Plan Snapshot
- Plan Sponsor: O.C. Seacrets, INC.
- Sponsor EIN: 521517724
- Sponsor Address: 117 WEST 49TH STREET, OCEAN CITY, MD, 21842
- Plan Type: 401(k)
- Plan Number: 510
- Total Participants: 50
- Total Assets: $29,544
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 50 | $29,544 | $650,660 | $109,929 |
| 2023 | 48 | $309,480 | $602,847 | $178,570 |
| 2022 | 53 | $268,861 | $571,478 | $204,519 |
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 |
|---|---|---|---|---|
| CAREFIRST ADMINISTRATORS | Other Service Provider | $24,397 | — | $24,397 |
| THE BENECON GROUP, LLC | Investment Advisor | $16,333 | — | $16,333 |
| SILBERSTEIN INSURANCE GROUP (ALERA | Investment Advisor | $10,156 | — | $10,156 |
| ANDREW H. BENJAMIN | Investment Advisor | $7,176 | — | $7,176 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $58,062
- Estimated Expense Ratio: 196.527% 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 | $1,055,778 | — | — | — | — |
| 2023 | $740,675 | — | — | — | — |
| 2022 | $541,789 | — | — | — | — |