Plan Snapshot
- Plan Sponsor: Ocean Health Initiatives, INC.
- Sponsor EIN: 061691342
- Sponsor Address: 101 2ND STREET, LAKEWOOD, NJ, 08701
- Plan Type: 401(k)
- Total Participants: 132
- Total Assets: $8.5M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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 | 132 | $8.5M | $244,278 | $700,155 |
| 2023 | 176 | $8.0M | $302,578 | $817,126 |
| 2022 | 215 | $6.7M | $300,017 | $835,736 |
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 |
|---|---|---|---|---|
| WITHUM SMITH BROWN | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- WITHUM SMITH BROWN — 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 | $68,402 | $23,345 | — | — | — |
| 2023 | $67,554 | $20,977 | — | — | — |
| 2022 | $81,676 | — | — | — | — |