Plan Snapshot
- Plan Sponsor: Ocean Communications, LLC
- Sponsor EIN: 650739643
- Sponsor Address: 477 SOUTH ROSEMARY AVENUE, WEST PALM BEACH, FL, 33401
- Plan Type: 401(k)
- Total Participants: 63
- Total Assets: $9.4M
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. |
|---|---|---|---|---|
| 2024 | 63 | $9.4M | $0 | $386,337 |
| 2023 | 89 | $9.1M | $0 | $491,956 |
| 2022 | 114 | $8.3M | $0 | $628,508 |
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 |
|---|---|---|---|---|
| ASSOCIATED PENSION CONSULTANTS, INC | Recordkeeper | $1,886 | $4,595 | $6,481 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $6,481
- Estimated Expense Ratio: 0.069% 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 | $5,966 | $1,886 | $3,780 | — | — |
| 2023 | $5,375 | — | — | — | — |
| 2022 | $4,187 | — | $4,187 | — | — |