RETIREMENT PLAN FOR OCEANFIRST BANK
Plan Contact
- Address: 975 HOOPER AVENUE,TOMS RIVER,NJ
- Contact person: JENNIFER INGENITO
- Phone: (732) 240-4500
Plan General Information
RETIREMENT PLAN FOR OCEANFIRST BANK Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of RETIREMENT PLAN FOR OCEANFIRST BANK is $98,265,264.00.This plan was established in 1988.
RETIREMENT PLAN FOR OCEANFIRST BANK Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in RETIREMENT PLAN FOR OCEANFIRST BANK is 1340
RETIREMENT PLAN FOR OCEANFIRST BANK Average Participant Retirement Account Value
In 2023, the average participant retirement account value for RETIREMENT PLAN FOR OCEANFIRST BANK is $73,332.00
RETIREMENT PLAN FOR OCEANFIRST BANK Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for RETIREMENT PLAN FOR OCEANFIRST BANK is $4,902.00.
RETIREMENT PLAN FOR OCEANFIRST BANK Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in RETIREMENT PLAN FOR OCEANFIRST BANK is approximately $1,687.00
Investing in this additonal $1,687.00 for 20 years would give you extra $108,019.00, assuming a 10% annual return.
Investing in this additonal $1,687.00 for 20 years would give you extra $108,019.00, assuming a 10% annual return.
RETIREMENT PLAN FOR OCEANFIRST BANK Total Employer Contribution and Match Rate
In 2023, RETIREMENT PLAN FOR OCEANFIRST BANK allocates $2,261,650.00 to match its employees' contributions, providing an employer match rate of 34.70% of their contributions
RETIREMENT PLAN FOR OCEANFIRST BANK Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of RETIREMENT PLAN FOR OCEANFIRST BANK is 10.00%.
RETIREMENT PLAN FOR OCEANFIRST BANK Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for RETIREMENT PLAN FOR OCEANFIRST BANK is 13.50%. This measures the effectiveness of the plan participants' investments in the year.
RETIREMENT PLAN FOR OCEANFIRST BANK Expense Ratio
In 2023, the investment and administrative expense ratio of RETIREMENT PLAN FOR OCEANFIRST BANK is 0.16%.
Enrollment Features
RETIREMENT PLAN FOR OCEANFIRST BANK has the following features:Automatic Enrollment: It provides automatic enrollment with elective contributions deducted from payroll.
Default Investments: It uses a default investment account for participants or employees who fail to direct assets in their account.
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