Ocean Power Technologies, Inc. 401(k) Plan

401(k) · DOL Form 5500 · 2024

What the Filing Says About Ocean Power Technologies, Inc. 401(k) Plan

Ocean Power Technologies, Inc. 401(k) Plan is a 401(k) retirement plan sponsored by Ocean Power Technologies, Inc., headquartered in New Jersey. According to the U.S. Department of Labor's 2024 Form 5500 filing, the plan reports $6M in total end-of-year assets and covers 67 participants across the Manufacturing industry. The sponsor's EIN on file with the U.S. Department of Labor is 222535818, and the plan has been effective since 2006-03-31. Its filing status is currently FILING RECEIVED.

Year over year, total assets grew at a solid clip from $5M at the beginning of 2024 to $6M at year-end - up 12.4%. Net assets (after liabilities) closed the year at $6M, with reported net income of $664K driven by investment returns, contributions received, and benefit payments during the period. These figures reflect what the plan administrator certified on Schedule H or Schedule I of the Form 5500 annual return and can be compared against 2 prior plan-year filings from the same sponsor shown below.

Across the 3 plan years Ocean Power Technologies, Inc. has on file with PlainRetire (2022-2024), sponsor-wide plan assets have moved from $4M to $6M, a gain of 68.0%, while reported participants moved from 56 to 67 (+19.6%). The strongest year on file by total sponsor assets was 2024 at $6M; the softest was 2022 at $4M. Year-by-year, sponsor-wide filings show: 2022 - $4M in assets across 1 plan covering 56 participants; 2023 - $5M in assets across 1 plan covering 59 participants; 2024 - $6M in assets across 1 plan covering 67 participants.

Asset totals and participant counts reflect a single plan year snapshot and can change materially with market conditions, plan mergers, or workforce changes. Fields such as "net income" include both realized investment performance and contribution/distribution flows, a single-year figure does not by itself indicate plan health or participant outcomes. This page summarizes public DOL disclosures for research and educational purposes only and is not retirement, tax, legal, or financial advice. Before making decisions about your own retirement benefits or evaluating an employer's plan, verify the underlying filing directly via the DOL EFAST2 system and consult a qualified professional.

How the percentile is calculated: we count every plan that filed a 2024 Form 5500 with a reported end-of-year asset figure (116,472 plans), rank Ocean Power Technologies, Inc. 401(k) Plan against all of them by total assets, and report the share of those plans it outranks. A plan reporting no asset figure for the year is excluded from the ranking rather than assumed to be zero.