Plan Snapshot
- Plan Sponsor: Ocean House Management, LLC
- Sponsor EIN: 271920653
- Sponsor Address: ONE BLUFF AVENUE, WATCH HILL, RI, 02891
- Plan Type: 401(k)
- Total Participants: 229
- Total Assets: $6.0M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 229 | $6.0M | $355,311 | $477,890 |
| 2023 | 186 | $5.3M | $319,285 | $423,901 |
| 2022 | 183 | $4.5M | $348,393 | $456,853 |
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 |
|---|---|---|---|---|
| PKF JND, 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 |
|---|---|---|---|---|---|
| 2024 | $44,820 | — | $44,820 | — | — |
| 2023 | $39,200 | — | $39,200 | — | — |
| 2022 | $25,942 | $4,675 | $20,267 | — | — |