Offshore Marine Contractors, Inc. 401(K) Plan — Form 5500 plan (Offshore Marine Contractors, Inc.)

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, Offshore Marine Contractors, Inc. 401(K) Plan is a benefit plan reported by Offshore Marine Contractors, Inc. under EIN 72-1446077 and plan number 001. The latest loaded filing year is 2023. The filing reports 74 participants and $3,543,502 in end-of-year plan assets, where available in the loaded dataset.

Form 5500 plan profile · 2023

Key reported metrics

Net assets (EOY)$3.5MPlan net assets, end of year$3,543,502
Participants74Covered participants reported
Assets / participant$47.9KComputed: assets ÷ participants$47,885 (computed)
Provider compensationNone reported
Plan sponsor
Offshore Marine Contractors, Inc.
EIN
72-1446077
Plan number
001
Plan type
2
Location
Cut Off, LA
Latest filing year
2023

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
202374I20240522133425NAL0007569826001
Schedule I · 2023

Reported financial statement

Reported figures as filed, in whole dollars. Only fields the filing reports are shown; others are marked not reported.

Reported balance (end of year)$3.5M total assets
Net assets$3.5MLiabilities$0
Money in vs. money out
Total income / additions$733.2K
Total expenses$171.2K
Benefits paid / distributions$128.7K
Contributions
Employer$63.7K
Participant$168.2K
Full reported line items

Net assets

Total assets (EOY)
$3,543,502
Total liabilities (EOY)
$0
Net assets (EOY)
$3,543,502
Net assets (BOY)
$2,981,524

Income & contributions

Employer contributions
$63,743
Participant contributions
$168,238
Total income / additions
$733,184

Expenses & distributions

Benefits paid
$128,730
Administrative expenses
$3,919
Total expenses
$171,206
Net increase / (decrease)
$561,978
Computed from reported fields

Reported ratios

Derived only from this plan's own reported figures — comparisons within the filing, not benchmarks, estimates, or national averages.

Contribution share (employer vs. participant)
Employer 27%Participant 73%
Total expenses ÷ net assets5%Computed ratio
Benefits paid ÷ total income18%Computed ratio

Service provider compensation (Schedule C)

No Schedule C service provider compensation is loaded for this plan yet.

Related Form 5500 pages