Oriental Bank 401(k) Plan (terminated 2020): Login, Facts & Contact Information
This plan was terminated. Its final Form 5500 covers plan year 2020, when $49.6 million was transferred out of the plan. Assets moved to the THE ORIENTAL BANK CODA PROFIT SHARING PLAN (sponsored by ORIENTAL BANK). If you had an account, your balance was transferred or paid out; Beagle can help you find where it went.
Oriental Bank 401(k) Login
Retirement plan providers can change. This information is from the plan's 2020 filing.
Oriental Bank 401(k) Plan Facts (plan year 2020)
Source: Form 5500 for plan year 2020 (Jan 1, 2020 – Dec 4, 2020), filed Oct 15, 2021. Public filing with the U.S. Department of Labor.
Money in and out in plan year 2020
- $2.57 million went into the plan in contributions, $709,645 of it from the employer (28%).
- $4.15 million was paid out to participants.
- Investment and other income added $5.91 million.
How the Oriental Bank 401(k) changed, 2011–2020
| Plan year | Participants | Plan assets | Employer contributions | Benefits paid |
|---|---|---|---|---|
| 2011 | 3 | $134,141 | $15,835 | — |
| 2012 | 1 | $52,642 | $-18,872 | — |
| 2013 | 2 | $77,162 | $25,000 | — |
| 2014 (final) | 1 | $0 | $-18,872 | $31,362 |
| 2019 | 1,325 | $45.3 million | $2.04 million | $2.18 million |
| 2020 (final) | 1,315 | $0 | $709,645 | $4.15 million |
Oriental Bank 401(k) Contact Information
Questions about the Oriental Bank 401(k)
Is the Oriental Bank 401(k) plan still active?
No. The plan's final Form 5500 was filed for plan year 2020. Its assets were transferred to the THE ORIENTAL BANK CODA PROFIT SHARING PLAN.
Does Oriental Bank contribute to the 401(k)?
Yes. The plan reports an employer contribution arrangement. In plan year 2020 the employer contributed $709,645, 28% of all contributions.
Does the Oriental Bank 401(k) have automatic enrollment?
Yes. The plan reports automatic enrollment of eligible employees.
How many people are in the Oriental Bank 401(k) plan?
1,315 participants at the start of plan year 2020.
Who manages the Oriental Bank 401(k) accounts?
T. Rowe Price is the plan's recordkeeper, which is where participants log in to see their balance.