Ocean Lakes Service Corporation Employee 401(K) Savings Plan — Form 5500 plan (Ocean Lakes Service Corporation)
Plain-English plan summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, Ocean Lakes Service Corporation Employee 401(K) Savings Plan is a benefit plan reported by Ocean Lakes Service Corporation under EIN 57-0527712 and plan number 001. The latest loaded filing year is 2023. The filing reports 260 participants and $14,934,355 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Ocean Lakes Service Corporation
- EIN
- 57-0527712
- Plan number
- 001
- Plan type
- 2
- Location
- Myrtle Beach, SC
- Latest filing year
- 2023
- Participants
- 260
- End-of-year plan assets
- $14,934,355
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 260 | H, C | 20240717053607NAL0002316963001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $14,934,355
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $14,934,355
- Net assets (BOY)
- $13,216,945
Income & contributions
- Employer contributions
- $201,809
- Participant contributions
- $647,663
- Total contributions
- $849,472
- Total income / additions
- $2,771,539
Expenses & distributions
- Benefits paid
- $997,708
- Administrative expenses
- $56,421
- Total expenses
- $1,054,129
- Net increase / (decrease)
- $1,717,410
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Merrill Lynch Pierce Fenner & Smith | INVESTMENT ADVISOR | $33,975 | $1,129 | 2023 |
| Adp, Inc. | RECORD KEEPER | $22,445 | $0 | 2023 |
| Adp Broker-Dealer | RECORD KEEPER | $0 | $0 | 2023 |