OCEANFIRST BANK has sponsored the creation of one or more 401k plans.
Submission information for form 5500 for 401k plan CAPE BANK DEFINED BENEFIT PLAN
| Measure | Date | Value |
|---|
| 2017: CAPE BANK DEFINED BENEFIT PLAN 2017 401k membership |
|---|
| Market value of plan assets | 2017-09-30 | 5,811,642 |
| Acturial value of plan assets | 2017-09-30 | 5,811,642 |
| Funding target for retired participants and beneficiaries receiving payment | 2017-09-30 | 1,906,803 |
| Number of terminated vested participants | 2017-09-30 | 44 |
| Fundng target for terminated vested participants | 2017-09-30 | 1,246,997 |
| Active participant vested funding target | 2017-09-30 | 1,326,236 |
| Number of active participants | 2017-09-30 | 38 |
| Total funding liabilities for active participants | 2017-09-30 | 1,328,314 |
| Total participant count | 2017-09-30 | 104 |
| Total funding target for all participants | 2017-09-30 | 4,482,114 |
| Balance at beginning of prior year after applicable adjustments | 2017-09-30 | 0 |
| Prefunding balance at beginning of prior year after applicable adjustments | 2017-09-30 | 0 |
| Carryover balanced portion elected for use to offset prior years funding requirement | 2017-09-30 | 0 |
| Prefunding balanced used to offset prior years funding requirement | 2017-09-30 | 0 |
| Amount remaining of carryover balance | 2017-09-30 | 0 |
| Amount remaining of prefunding balance | 2017-09-30 | 0 |
| Present value of excess contributions | 2017-09-30 | 1,020,580 |
| Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance | 2017-09-30 | 1,035,787 |
| Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance | 2017-09-30 | 0 |
| Reductions in caryover balances due to elections or deemed elections | 2017-09-30 | 0 |
| Reductions in prefunding balances due to elections or deemed elections | 2017-09-30 | 0 |
| Balance of carryovers at beginning of current year | 2017-09-30 | 0 |
| Balance of prefunding at beginning of current year | 2017-09-30 | 0 |
| Total employer contributions | 2017-09-30 | 467,777 |
| Total employee contributions | 2017-09-30 | 0 |
| Contributions allocated toward unpaid minimum require contributions from prior years | 2017-09-30 | 0 |
| Contributions made to avoid restrictions adjusted to valuation date | 2017-09-30 | 0 |
| Contributions allocated toward minimum required contributions for current year adjusted to valuation date | 2017-09-30 | 425,141 |
| Unpaid minimum required contributions for all prior years | 2017-09-30 | 0 |
| iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years | 2017-09-30 | 0 |
| Remaining amount of unpaid minimum required contributions | 2017-09-30 | 0 |
| Minimum required contributions for current year target normal cost | 2017-09-30 | 131,207 |
| Net shortfall amortization installment of oustanding balance | 2017-09-30 | 0 |
| Waiver amortization installment | 2017-09-30 | 0 |
| Total funding amount beforereflecting carryover/prefunding balances | 2017-09-30 | 0 |
| Carryover balance elected to use to offset funding requirement | 2017-09-30 | 0 |
| Prefunding balance elected to use to offset funding requirement | 2017-09-30 | 0 |
| Additional cash requirement | 2017-09-30 | 0 |
| Contributions allocatedtoward minimum required contributions for current year | 2017-09-30 | 425,141 |
| Unpaid minimum required contributions for current year | 2017-09-30 | 0 |
| Unpaid minimum required contributions for all years | 2017-09-30 | 0 |
| 2016: CAPE BANK DEFINED BENEFIT PLAN 2016 401k membership |
|---|
| Total participants, beginning-of-year | 2016-10-01 | 104 |
| Total number of active participants reported on line 7a of the Form 5500 | 2016-10-01 | 25 |
| Number of retired or separated participants receiving benefits | 2016-10-01 | 20 |
| Number of other retired or separated participants entitled to future benefits | 2016-10-01 | 41 |
| Total of all active and inactive participants | 2016-10-01 | 86 |
| Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2016-10-01 | 2 |
| Total participants | 2016-10-01 | 88 |
| Measure | Date | Value |
|---|
| 2017 : CAPE BANK DEFINED BENEFIT PLAN 2017 401k financial data |
|---|
| Transfers to/from the plan | 2017-09-30 | $5,828,081 |
| Total income from all sources | 2017-09-30 | $824,523 |
| Expenses. Total of all expenses incurred | 2017-09-30 | $875,126 |
| Benefits paid (including direct rollovers) | 2017-09-30 | $858,571 |
| Total plan assets at end of year | 2017-09-30 | $5,777,478 |
| Total plan assets at beginning of year | 2017-09-30 | $0 |
| Value of fidelity bond covering the plan | 2017-09-30 | $10,000,000 |
| Other income received | 2017-09-30 | $356,746 |
| Net income (gross income less expenses) | 2017-09-30 | $-50,603 |
| Net plan assets at end of year (total assets less liabilities) | 2017-09-30 | $5,777,478 |
| Net plan assets at beginning of year (total assets less liabilities) | 2017-09-30 | $0 |
| Total contributions received or receivable from employer(s) | 2017-09-30 | $467,777 |
| Expenses. Administrative service providers (salaries,fees and commissions) | 2017-09-30 | $16,555 |
