Plan Ledger DOL Form 5500 · updated monthly

Ocean Communications, LLC401(k)

OCEAN COMMUNICATIONS 401(K) RETIREMENT PLAN · WEST PALM BEACH, FL · plan year 2024

Reported admin expense ratio · 2024
0.06%

Ocean Communications, LLC reported $5,966 in plan administrative expenses for 2024: 0.06% of average plan assets, lower than ~75% of peers. 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 2 years on file its reported administrative ratio rose from 0.04% to 0.06%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other information & media employers. By assets it is among the smaller plans on file in Florida (1,854th of 3,644), and 1,549th of 2,199 in information & media. active participation has shrunk from 114 to 63 since 2022.

Plan summary
Net assets, end of year$9,363,987
Participants with balances209
Active participants63
Employer contributions—
Employee contributions$386,337
Employer contribution per active participant—
Average account balance$44,804
Benefits paid to participants$1,235,911
Plan auditUnmodified (clean) audit opinion
AuditorPARKS & COMPANY, LLC
Plan history3
Yearassets · accounts · employer contribution
2024$9.4M · 209 accts
2023$9.1M · 226 accts
2022$8.3M · 219 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$3,780
Investment management$1,886
Total administrative$5,966
What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20241
ASSOCIATED PENSION CONSULTANTS, INC · Other services$1,886

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

Administrative cost history3
2024$5,966 · 0.06%
2023$5,375 · 0.06%
2022$4,187 · 0.04%
Similar plansInformation & Media · Florida
Education Brands, LLC FL$11.3M · 0.00%
The Constant Company, LLC FL$10.7M · 0.28%
Solo Printing LLC FL$8.8M · 0.66%
Recurrent Ventures Inc. FL$8.6M · 0.51%
South Florida Pbs, Inc FL$7.9M · 0.37%
McCi, LLC FL$7.1M · 0.34%

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Source: U.S. Department of Labor, Form 5500 series, EIN 650739643 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.