# Ocean Communications, LLC 401(k) Plan
Source: https://planprovider.pro/companies/ocean-communications-llc-401k-plan

> Ocean Communications, LLC's 401(k) plan: 63 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|

| PARKS & COMPANY, LLC|Auditor|—|—|$0|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [PARKS & COMPANY, LLC](https://planprovider.pro/provider/parks-and-company-llc) — Auditor

## 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|$5,966|$1,886|$3,780|—|—|

| 2023|$5,375|—|—|—|—|

| 2022|$4,187|—|$4,187|—|—|

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