Plan Ledger DOL Form 5500 · updated monthly

Blue Ocean Inc401(k)

BLUE OCEAN TECH LLC · BEAVERTON, OR · plan year 2025

Reported admin expense ratio · 2025
0.60%

Peer grade: B · admin costs + employer contributions vs same-size plans · how grading works

Blue Ocean Inc reported $17,252 in plan administrative expenses for 2025: 0.60% of average plan assets, above the peer median. Employer contributions averaged $1,760 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 3 years on file its reported administrative ratio rose from 0.47% to 0.60%. The plan sits in the $1M–$10M size bracket, benchmarked here against 809 comparable plans and shown alongside other transportation & warehousing employers. By assets it is among the smaller plans on file in Oregon (833rd of 1,021), and 1,866th of 2,677 in transportation & warehousing. In 2025, employees put in $2.07 for every $1.00 the employer contributed; active participation has grown from 101 to 177 since 2022.

Plan summary
Net assets, end of year$3,433,503
Participants with balances205
Active participants177
Employer contributions$311,499
Employee contributions$645,145
Employer contribution per active participant$1,760
Average account balance$16,749
Benefits paid to participants$283,599
Plan auditUnmodified (clean) audit opinion
AuditorTALBOT KORVOLA & WARWICK LLP
Plan history4
Yearassets · accounts · employer contribution
2025$3.4M · 205 accts · $311K emplr
2024$2.3M · 150 accts · $247K emplr
2023$1.6M · 190 accts · $195K emplr
2022$848K · 160 accts · $168K emplr
Administrative expenses, itemized · 2025
Recordkeeping & contract admin$17,252
Total administrative$17,252
The Blue Ocean Inc 401(k) match · 2025
Employer contribution per active participant$1,760
Median for plans this size$1,464
2025$1,760 per active participant
2024$1,944 per active participant
2023$1,652 per active participant
2022$1,661 per active participant

Blue Ocean Inc's 2025 employer contribution ran above the $1,464 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2025 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20251
ADP, INC. · Recordkeeping · Loan processing$4,723

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year3
2025ADP
2024ADP
2023ADP

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history4
2025$17,252 · 0.60%
2024$14,446 · 0.74%
2023$6,136 · 0.50%
2022$3,128 · 0.47%
Similar plansTransportation & Warehousing · Oregon
Market Express, LLC OR$6.0M · 0.58%
Western Heavy Haul, Inc. OR$4.7M · 0.81%
Sherman Bros. Inc. OR$3.5M · 0.66%
J & W Walker Farms, Inc. OR$3.4M · 0.10%
Kool Pak, LLC OR$2.7M · 0.03%
Stts USA, Inc. OR$2.2M · 0.95%
Leading Edge Aviation Inc OR$1.3M · 0.92%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 474776488 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.