Plan Snapshot
- Plan Sponsor: Ocean Power Technologies, INC.
- Sponsor EIN: 222535818
- Sponsor Address: 28 ENGLEHARD DRIVE, SUITE B, MONROE TOWNSHIP, NJ, 08831
- Plan Type: 401(k)
- Total Participants: 48
- Total Assets: $6.0M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- 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 | 48 | $6.0M | $230,263 | $506,289 |
| 2023 | 67 | $5.3M | $437,801 | $746,383 |
| 2022 | 59 | $3.6M | $200,920 | $549,307 |