Ocean Properties 401(k) match, vesting and fees
What Ocean Properties' 401(k) plan says about matching contributions
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Empower Annuity Ins Co of America | Schedule C ↗ |
| Independent auditor | Baker Newman Noyes (unmodified opinion) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
How the plan compares
Plan year 2024 medians for 166 defined-contribution plans in accommodation and food services with 1,000 to 4,999 participants.
| Ocean Properties: employer contribution per participant | $541 | |
| Peer median | $785 |
| Ocean Properties: average balance | $28,425 | |
| Peer median | $30,242 |
| Ocean Properties: admin expenses ÷ assets | 0.47% | |
| Peer median | 0.37% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $34.1M at the end of plan year 2021 to $42.7M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 3,399 | $42.7M | $813K | $541 | 0.47% | Not published | Form 5500 ↗ |
| 2023 | 3,486 | $35.4M | $722K | $481 | 0.41% | Not published | Form 5500 ↗ |
| 2022 | 3,119 | $28.2M | $461K | $346 | 0.39% | Not published | Form 5500 ↗ |
| 2021 | 2,943 | $34.1M | $0 | $0 | 0.15% | Not published | Form 5500 ↗ |
Common questions
Does Ocean Properties match 401(k) contributions?
The match terms for the Ocean Properties Ltd. 401(k) Plan have not been published from its filing yet. The plan year 2024 filing reports $813K in employer contributions, about $541 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Ocean Properties 401(k) match vested?
The vesting schedule for the Ocean Properties Ltd. 401(k) Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Ocean Properties 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Empower Annuity Ins Co of America. The plan administrator is Ocean Properties Ltd..
I left Ocean Properties. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Ocean Properties Ltd., (603) 559-2130) or the recordkeeper, Empower Annuity Ins Co of America. The Ocean Properties old 401(k) page lists the contacts from every plan filing. Find an old Ocean Properties 401(k)
Data from the public Form 5500 annual reports Ocean Properties filed with the U.S. Department of Labor (plan years 2021 and 2022 and 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Ocean Properties. Not financial advice. Report a correction · Methodology