401(k) · DOL Form 5500 · 2023

Ocean Bank 401(k) Plan

Data updated 2026-08-11

$95M
Total assets
645
Participants
91st
Percentile by assets
$147,857
Avg per participant
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Official DOL plan name: Ocean Bank 401(k) Savings Plan · Sponsored by Ocean Bank · Florida · Finance & Insurance

$95M in assets, 645 participants

Ocean Bank's Ocean Bank 401(k) Savings Plan reported $95M in total assets and 645 participants in its 2023 DOL Form 5500 filing, ranking in the 91st percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.

  • 91st percentile by assets (of 127,072 plans)
  • #7,629 in Finance & Insurance (8,869 peers)

Where Ocean Bank 401(k) Savings Plan sits by assets

Ocean Bank 401(k) Savings Plan sits in the top 10% of all filed plans by assets, $95M for 645 participants (~$147,857/participant), up 7.7% in 2023.

$95M
total plan assets (2023 EOY)
645
covered participants
91st
percentile by assets (of 127,072 plans)
$147,857
avg assets per participant

Where Ocean Bank 401(k) Savings Plan sits by total assets

Ocean Bank 401(k) Savings Plan vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$95,367,562 Top 9% higher than 91% of 127,068 filed plans

This plan $0 $2,010,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Ocean Bank 401(k) Savings Plan reported net income rose from -$9M in the plan year 2022 filing to $7M in the plan year 2023 filing.
  • Ocean Bank 401(k) Savings Plan end-of-year assets rose from $89M in the plan year 2022 filing to $95M in the plan year 2023 filing.
  • Ocean Bank 401(k) Savings Plan reported participants rose from 632 in the plan year 2022 filing to 645 in the plan year 2023 filing.

See the national 2022→2023 release diff →

State
Florida
Industry
Finance & Insurance

Ocean Bank 401(k) Savings Plan vs the 2023 asset distribution

By assets, Ocean Bank 401(k) Savings Plan outranks 91% of the 127,072 plans that filed a Form 5500 for the 2023 plan year, and holds roughly 1.0x the national average plan size of $100M (721 average participants).

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)$89M
Net Assets (End of Year)$95M
Net Income$7M
Employer EIN592237280
Plan Effective Date1987-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Ocean Bank)

$80M$90M$100M$110M 202220232024 $88.5M $107M ▲ +21.3%
Total plan assets by year, all Ocean Bank plans on file
Year Plans Participants Total Assets
2022 1 632 $89M
2023 1 645 $95M
2024 1 649 $107M

Nearby 401(k) Plans in Florida

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Ocean Bank 401(k) Savings Plan vs. nearby 401(k) plans in Florida, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000400000 -505101520 Total assets ($B) Participants Ocean Bank 401(k) Sa…, Total assets ($B): 0.095367562 · Participants: 645Ocean Bank 401(k) Sa…L3harris Retirement …, Total assets ($B): 15.384363901 · Participants: 40665L3harris Retirement …Savings Plan for Emp…, Total assets ($B): 11.333196569 · Participants: 50817Savings Plan for Emp…Adp Totalsource Reti…, Total assets ($B): 8.025816173 · Participants: 308867Adp Totalsource Reti…Trinet 401(k) Plan, Total assets ($B): 7.029692551 · Participants: 157945Trinet 401(k) PlanPublix Super Markets…, Total assets ($B): 6.572590596 · Participants: 184674Publix Super Markets…
Ocean Bank 401(k) Savings Plan vs. nearby 401(k) plans in Florida, assets vs. participants
Compare Ocean Bank 401(k) Savings Plan side-by-side with 3 peers →

Similar-Sized 401(k) Plans Nationally

401(k) plans in other states closest to Ocean Bank 401(k) Savings Plan by total assets, not by location.

Frequently Asked Questions

How did Ocean Bank 401(k) Savings Plan assets move in 2023? ▼
Ocean Bank 401(k) Savings Plan grew at a solid clip - up 7.7% during 2023, from $89M to $95M. Reported net income was $7M.
How have Ocean Bank plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Ocean Bank's sponsor-wide assets grew 21.3%, from $89M to $107M.
Where does Ocean Bank 401(k) Savings Plan rank by assets among Form 5500 filers? ▼
Ocean Bank 401(k) Savings Plan ranks in the 91st percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top 10% of all filed plans by assets).
Which 401(k) plans are similar in size to Ocean Bank 401(k) Savings Plan? ▼
Among 401(k) plans in other states, the closest by assets is Keystone-Bartonville 401(k) Retirement Plan in IL ($95M, 603 participants).

Next read for Ocean Bank 401(k) Savings Plan

Scale reading

Ways to act on Ocean Bank 401(k) Savings Plan's numbers.

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 592237280.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.