Plan Snapshot
- Plan Sponsor: Ocean Properties Ltd.
- Sponsor EIN: 010333103
- Sponsor Address: 1000 MARKET STREET #300 BUILDING 1, PORTSMOUTH, NH, 03801
- Plan Type: 401(k)
- Total Participants: 2,757
- Total Assets: $42.7M
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 | 2,757 | $42.7M | $812,811 | $4.4M |
| 2023 | 2,857 | $35.4M | $721,634 | $3.7M |
| 2022 | 2,564 | $28.2M | $461,067 | $3.1M |
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 |
|---|---|---|---|---|
| BAKER NEWMAN NOYES | 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 | $185,017 | $63,560 | — | — | — |
| 2023 | $128,900 | $50,312 | — | — | — |
| 2022 | $121,678 | — | $121,678 | — | — |