Plan Snapshot
- Plan Sponsor: Ocean Associates, INC.
- Sponsor EIN: 710931202
- Sponsor Address: 4007 N. ABINGDON STREET, ARLINGTON, VA, 22207
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 223
- Total Assets: $10.7M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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. |
|---|---|---|---|---|
| 2025 | 223 | $10.7M | $0 | $0 |
| 2024 | 141 | $8.7M | $160,614 | $895,029 |
| 2023 | 102 | $6.8M | $152,151 | $682,862 |
| 2022 | 88 | $5.3M | $152,314 | $690,928 |
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 |
|---|---|---|---|---|
| MATTHEWS, CARTER & BOYCE, PC | 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 |
|---|---|---|---|---|---|
| 2025 | $719,301 | $2,075 | — | — | — |
| 2024 | $3,085 | $1,570 | — | — | — |
| 2023 | $2,091 | $1,046 | — | — | — |
| 2022 | $1,955 | — | — | — | — |