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Original filing (PDF)20251007151702NAL0004773937001
OCEANFIRST BANK
Form 5500
FILING_RECEIVED
OCEANFIRST BANK EMPLOYEE STOCK OWNERSHIP PLAN
401(k) retirement plan
Signals · 2
89% in single holdingNo recordkeeper disclosed
Active participants
775
Accounts w/ balance
1,008
Plan assets (EOY)
$27.2M
Net assets (EOY)
$24.4M
How this plan invests
This plan
11 securities
funds · stocks · CUSIPs
Holdings are itemized directly on this plan's Schedule of Assets, below.
Plan health score (directional)
93
/ 100
Grade A
Top-tier plan health
Directional indicator computed from public Form 5500 data — compliance, concentration, cost, vendor stack and participation. Not a fiduciary tool.
Compliance & disclosures
100
Concentration risk
75
Total plan cost
100
Vendor stack
80
Participation health
100
Knocking points off
- Top holding "Corp. Financial Corp." is 89% of plan.
- No recordkeeper disclosed on Schedule C.
Decision-maker contacts
CFO / Head of HR / Benefits Manager — verified email + LinkedIn for OCEANFIRST BANK.
Plan sponsor
Name
OCEANFIRST BANK
EIN
21-0607451
Address
975 HOOPER AVENUE · TOMS RIVER, NJ · 08753
Phone
(732) 240-4500
Industry
Finance & Insurancesee all
Plan administrator
Same as plan sponsor.
Plan characteristics
Plan number
004
Plan year
2024
Plan year begin
2024-01-01
Tax period
2024-12-31
Filed
2025-10-07
Pension benefit codes
2E · Profit-sharing
2G · Total participant-directed accounts
2I · Stock bonus
2J · 401(k) feature
2K · 401(m) arrangement
2P · Leveraged ESOP
2T · Default investment account (QDIA)
3I · Requires investment in employer securities
Audit & trust (Schedule H)
Auditor
FORVIS MAZARS, LLP
Trustee / custodian
—
Trustee phone
—
Service providers (Schedule C)
2 rowsTrustee
1| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| GREATBANC TRUST COMPANY | 36-3681493 | — | TRUSTEE | $43K | — |
Accountant / Auditor
1| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| FORVIZ MAZARS | 44-0160260 | — | ACCOUNTANT | $25K | — |
Investments
11 direct securities· $27.3M(100% of reported assets)
| PI | Investment | Type | Shares / units | Cost | Current value | % of plan |
|---|---|---|---|---|---|---|
| Corp. Financial Corp. | — | — | $25.3M | $24.2M | 88.9% | |
| Principal Financial Principal LargeCap S&P 500 Index R5 Equity Fund | — | — | $981K | $1.3M | 4.9% | |
| Principal Financial Principal Lifetime 2040 R5 Fund | — | — | $686K | $647K | 2.4% | |
| Principal Financial American Funds U.S. Govt Money Market Inst. R3 Fixed Income Fund | — | — | $563K | $563K | 2.1% | |
| Principal Financial Principal Lifetime 2020 R5 Fund | — | — | $274K | $242K | 0.9% | |
| Principal Financial Principal Lifetime 2030 R5 Fund | — | — | $194K | $185K | 0.7% | |
| Principal Financial Principal Lifetime Strategic Income R5 Fund | — | — | $38K | $37K | 0.1% | |
| (E) | — | — | — | $37K | 0.1% | |
| Principal Financial Principal Lifetime 2060 R5 Fund | — | — | $18K | $19K | <0.1% | |
| Principal Financial Principal Lifetime 2050 R5 Fund | — | — | $16K | $16K | <0.1% | |
| Principal Financial Principal Lifetime 2070 R5 Fund | — | — | $4K | $4K | <0.1% |