Ocean Bank 401(k) Plan: Login, Facts & Contact Information

Ocean Bank 401(k) Plan Facts

Plan name
OCEAN BANK 401(K) SAVINGS PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
OCEAN BANK
Participants
830 (672 active employees)
Former employees with a balance
128
Plan assets
$107,364,881 at Dec 31, 2024
Average account balance
$132,223 across 812 accounts
Employer contributions
$1,912,698 in plan year 2024 (25% of all contributions)
Recordkeeper
T Rowe Price Rps Inc
Plan year
Jan 1, 2024 – Dec 31, 2024
Plan established
Jan 1, 1987
Employer contributions Automatic enrollment Default investment for undecided participants Participants choose their own investments Self-directed brokerage window Profit sharing Company stock (ESOP)

Source: Form 5500 for plan year 2024 (Jan 1, 2024 – Dec 31, 2024), filed Sep 23, 2025. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2024

  • $7.72 million went into the plan in contributions, $1.91 million of it from the employer (25%).
  • $5.61 million was paid out to participants.
  • Investment and other income added $10.0 million.
  • Administrative expenses were $159,008, about $196 per account.

How the Ocean Bank 401(k) changed, 20192024

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2019856$79.5 million$1.35 million$8.21 million
2020802$84.6 million$1.43 million$6.46 million
2021805$97.4 million$1.49 million$3.60 million
2022817$88.5 million$1.63 million$5.22 million
2023833$95.4 million$1.77 million$11.2 million
2024830$107.4 million$1.91 million$5.61 million

Ocean Bank 401(k) Contact Information

Phone
305-569-5572
Mailing address
780 NW 42ND AVENUE, SUITE 427, MIAMI FL 331265597
Plan sponsor
OCEAN BANK
Employer identification number (EIN)
59-2237280
Plan number
001

Questions about the Ocean Bank 401(k)

Does Ocean Bank contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2024 the employer contributed $1.91 million, 25% of all contributions.

Does the Ocean Bank 401(k) have automatic enrollment?

Yes. The plan reports automatic enrollment of eligible employees.

How many people are in the Ocean Bank 401(k) plan?

830 participants at the start of plan year 2024, 672 of them active employees, and 128 former employees who still had money in the plan.

What is the average 401(k) balance at Ocean Bank?

About $132,223 per account: $107.4 million in plan assets across 812 accounts with a balance at the end of plan year 2024.

Who manages the Ocean Bank 401(k) accounts?

T. Rowe Price (listed on the filing as T ROWE PRICE RPS INC) is the plan's recordkeeper, which is where participants log in to see their balance.

I no longer work at Ocean Bank. How do I access my 401(k)?

Your account stays with T. Rowe Price after you leave, so you can log in with the same credentials. If your balance was small, the plan may have rolled it into an IRA in your name. If you can't find it, Beagle can locate it for you.

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