Plan Snapshot
- Plan Sponsor: Oceanfirst Bank
- Sponsor EIN: 210607451
- Sponsor Address: 975 HOOPER AVENUE, TOMS RIVER, NJ, 08753
- Plan Type: 401(k)
- Total Participants: 880
- Total Assets: $109.6M
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 | 880 | $109.6M | $2.3M | $6.7M |
| 2023 | 890 | $98.3M | $2.3M | $6.5M |
| 2022 | 919 | $89.3M | $2.1M | $6.0M |
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 |
|---|---|---|---|---|
| FORVIS MAZARS, LLP | Auditor | $39,520 | — | $39,520 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FORVIS MAZARS, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $39,520
- Estimated Expense Ratio: 0.036% of plan assets
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 | $241,212 | — | — | $39,520 | — |
| 2023 | $155,304 | — | — | $37,440 | — |
| 2022 | $200,945 | — | — | — | $34,000 |