Civic Intelligence

Ocean Magic Surf & Sport Inc

Plan context: OCEAN MAGIC DEFINED BENEFIT PLAN

EIN 59-2545901 • Jupiter, FL • 32 filings • 3 plans

64 Colony Rd.Jupiter, FL 33469
Current Snapshot

Latest Year

2021

2021 Participants

6

2021 Assets

$4,245,809

2021 Contributions

$711,440

Historical Graphs

Total Assets Over Time

Aggregate end-of-year assets by filing year, excluding zero-asset years

$4,245,809$2,122,905$0199920132020YearValue
$4,245,809Latest year 2020

Participants Over Time

Largest reported end-of-year plan headcount by filing year, used to avoid double-counting participants across overlapping plans

740199920102020YearValue
6Latest year 2020

Company Timeline

Year summaries and individual filings are combined here so you can stay in one place while moving across years and plan filings.

Year / FilingFilingsParticipantsAssetsContributionsContrib./Participant
202120$0$0-
Ocean Magic Profit Sharing Trust-0$0$0-
OCEAN MAGIC DEFINED BENEFIT PLAN-0$0$0-
202026$4,245,809$711,440$118,573iApproximate average salary by contribution assumption: employee only about $2,964,333 at 4% or $1,976,222 at 6%; with 50% employer match about $1,976,222 at 4% or $1,317,481 at 6%; with 100% employer match about $1,482,167 at 4% or $988,111 at 6%.
OCEAN MAGIC DEFINED BENEFIT PLAN-5$2,657,251$700,000$140,000iApproximate average salary by contribution assumption: employee only about $3,500,000 at 4% or $2,333,333 at 6%; with 50% employer match about $2,333,333 at 4% or $1,555,556 at 6%; with 100% employer match about $1,750,000 at 4% or $1,166,667 at 6%.
Ocean Magic Profit Sharing Trust-6$1,588,558$11,440$1,907iApproximate average salary by contribution assumption: employee only about $47,667 at 4% or $31,778 at 6%; with 50% employer match about $31,778 at 4% or $21,185 at 6%; with 100% employer match about $23,833 at 4% or $15,889 at 6%.
201927$3,033,055$261,290$37,327iApproximate average salary by contribution assumption: employee only about $933,179 at 4% or $622,119 at 6%; with 50% employer match about $622,119 at 4% or $414,746 at 6%; with 100% employer match about $466,589 at 4% or $311,060 at 6%.
OCEAN MAGIC DEFINED BENEFIT PLAN-5$1,675,301$250,000$50,000iApproximate average salary by contribution assumption: employee only about $1,250,000 at 4% or $833,333 at 6%; with 50% employer match about $833,333 at 4% or $555,556 at 6%; with 100% employer match about $625,000 at 4% or $416,667 at 6%.
Ocean Magic Profit Sharing Trust-7$1,357,754$11,290$1,613iApproximate average salary by contribution assumption: employee only about $40,321 at 4% or $26,881 at 6%; with 50% employer match about $26,881 at 4% or $17,921 at 6%; with 100% employer match about $20,161 at 4% or $13,440 at 6%.
201824$2,386,870$260,300$65,075iApproximate average salary by contribution assumption: employee only about $1,626,875 at 4% or $1,084,583 at 6%; with 50% employer match about $1,084,583 at 4% or $723,056 at 6%; with 100% employer match about $813,438 at 4% or $542,292 at 6%.
OCEAN MAGIC DEFINED BENEFIT PLAN-3$1,248,847$250,000$83,333iApproximate average salary by contribution assumption: employee only about $2,083,333 at 4% or $1,388,889 at 6%; with 50% employer match about $1,388,889 at 4% or $925,926 at 6%; with 100% employer match about $1,041,667 at 4% or $694,444 at 6%.
Ocean Magic Profit Sharing Trust-4$1,138,023$10,300$2,575iApproximate average salary by contribution assumption: employee only about $64,375 at 4% or $42,917 at 6%; with 50% employer match about $42,917 at 4% or $28,611 at 6%; with 100% employer match about $32,188 at 4% or $21,458 at 6%.
201724$2,265,356$128,709$32,177iApproximate average salary by contribution assumption: employee only about $804,431 at 4% or $536,288 at 6%; with 50% employer match about $536,288 at 4% or $357,525 at 6%; with 100% employer match about $402,216 at 4% or $268,144 at 6%.
Ocean Magic Profit Sharing Trust-4$1,211,410$3,709$927iApproximate average salary by contribution assumption: employee only about $23,181 at 4% or $15,454 at 6%; with 50% employer match about $15,454 at 4% or $10,303 at 6%; with 100% employer match about $11,591 at 4% or $7,727 at 6%.
OCEAN MAGIC DEFINED BENEFIT PLAN-3$1,053,946$125,000$41,667iApproximate average salary by contribution assumption: employee only about $1,041,667 at 4% or $694,444 at 6%; with 50% employer match about $694,444 at 4% or $462,963 at 6%; with 100% employer match about $520,833 at 4% or $347,222 at 6%.
201625$2,020,492$264,897$52,979iApproximate average salary by contribution assumption: employee only about $1,324,485 at 4% or $882,990 at 6%; with 50% employer match about $882,990 at 4% or $588,660 at 6%; with 100% employer match about $662,243 at 4% or $441,495 at 6%.
Ocean Magic Profit Sharing Trust-5$1,123,082$14,897$2,979iApproximate average salary by contribution assumption: employee only about $74,485 at 4% or $49,657 at 6%; with 50% employer match about $49,657 at 4% or $33,104 at 6%; with 100% employer match about $37,243 at 4% or $24,828 at 6%.
OCEAN MAGIC DEFINED BENEFIT PLAN-5$897,410$250,000$50,000iApproximate average salary by contribution assumption: employee only about $1,250,000 at 4% or $833,333 at 6%; with 50% employer match about $833,333 at 4% or $555,556 at 6%; with 100% employer match about $625,000 at 4% or $416,667 at 6%.
201525$1,611,104$211,279$42,256iApproximate average salary by contribution assumption: employee only about $1,056,395 at 4% or $704,263 at 6%; with 50% employer match about $704,263 at 4% or $469,509 at 6%; with 100% employer match about $528,198 at 4% or $352,132 at 6%.
Ocean Magic Profit Sharing Trust-5$1,002,364$22,279$4,456iApproximate average salary by contribution assumption: employee only about $111,395 at 4% or $74,263 at 6%; with 50% employer match about $74,263 at 4% or $49,509 at 6%; with 100% employer match about $55,698 at 4% or $37,132 at 6%.
OCEAN MAGIC DEFINED BENEFIT PLAN-4$608,740$189,000$47,250iApproximate average salary by contribution assumption: employee only about $1,181,250 at 4% or $787,500 at 6%; with 50% employer match about $787,500 at 4% or $525,000 at 6%; with 100% employer match about $590,625 at 4% or $393,750 at 6%.
201424$1,428,931$215,278$53,820iApproximate average salary by contribution assumption: employee only about $1,345,488 at 4% or $896,992 at 6%; with 50% employer match about $896,992 at 4% or $597,994 at 6%; with 100% employer match about $672,744 at 4% or $448,496 at 6%.
Ocean Magic Profit Sharing Trust-4$1,015,278$19,278$4,820iApproximate average salary by contribution assumption: employee only about $120,488 at 4% or $80,325 at 6%; with 50% employer match about $80,325 at 4% or $53,550 at 6%; with 100% employer match about $60,244 at 4% or $40,163 at 6%.
OCEAN MAGIC DEFINED BENEFIT PLAN-2$413,653$196,000$98,000iApproximate average salary by contribution assumption: employee only about $2,450,000 at 4% or $1,633,333 at 6%; with 50% employer match about $1,633,333 at 4% or $1,088,889 at 6%; with 100% employer match about $1,225,000 at 4% or $816,667 at 6%.
201324$1,174,591$235,131$58,783iApproximate average salary by contribution assumption: employee only about $1,469,569 at 4% or $979,713 at 6%; with 50% employer match about $979,713 at 4% or $653,142 at 6%; with 100% employer match about $734,784 at 4% or $489,856 at 6%.
Ocean Magic Profit Sharing Trust-4$958,285$18,825$4,706iApproximate average salary by contribution assumption: employee only about $117,656 at 4% or $78,438 at 6%; with 50% employer match about $78,438 at 4% or $52,292 at 6%; with 100% employer match about $58,828 at 4% or $39,219 at 6%.
OCEAN MAGIC DEFINED BENEFIT PLAN-3$216,306$216,306$72,102iApproximate average salary by contribution assumption: employee only about $1,802,550 at 4% or $1,201,700 at 6%; with 50% employer match about $1,201,700 at 4% or $801,133 at 6%; with 100% employer match about $901,275 at 4% or $600,850 at 6%.
201213$848,470$54,344$18,115iApproximate average salary by contribution assumption: employee only about $452,867 at 4% or $301,911 at 6%; with 50% employer match about $301,911 at 4% or $201,274 at 6%; with 100% employer match about $226,433 at 4% or $150,956 at 6%.
Ocean Magic Profit Sharing Trust-3$848,470$54,344$18,115iApproximate average salary by contribution assumption: employee only about $452,867 at 4% or $301,911 at 6%; with 50% employer match about $301,911 at 4% or $201,274 at 6%; with 100% employer match about $226,433 at 4% or $150,956 at 6%.
201116$673,312$59,154$9,859iApproximate average salary by contribution assumption: employee only about $246,475 at 4% or $164,317 at 6%; with 50% employer match about $164,317 at 4% or $109,544 at 6%; with 100% employer match about $123,238 at 4% or $82,158 at 6%.
Ocean Magic Profit Sharing Trust-6$673,312$59,154$9,859iApproximate average salary by contribution assumption: employee only about $246,475 at 4% or $164,317 at 6%; with 50% employer match about $164,317 at 4% or $109,544 at 6%; with 100% employer match about $123,238 at 4% or $82,158 at 6%.
201013$640,176$52,504$17,501iApproximate average salary by contribution assumption: employee only about $437,533 at 4% or $291,689 at 6%; with 50% employer match about $291,689 at 4% or $194,459 at 6%; with 100% employer match about $218,767 at 4% or $145,844 at 6%.
Ocean Magic Profit Sharing Trust-3$640,176$52,504$17,501iApproximate average salary by contribution assumption: employee only about $437,533 at 4% or $291,689 at 6%; with 50% employer match about $291,689 at 4% or $194,459 at 6%; with 100% employer match about $218,767 at 4% or $145,844 at 6%.
200913$489,272$39,547$13,182iApproximate average salary by contribution assumption: employee only about $329,558 at 4% or $219,706 at 6%; with 50% employer match about $219,706 at 4% or $146,470 at 6%; with 100% employer match about $164,779 at 4% or $109,853 at 6%.
Ocean Magic Profit Sharing Trust-3$489,272$39,547$13,182iApproximate average salary by contribution assumption: employee only about $329,558 at 4% or $219,706 at 6%; with 50% employer match about $219,706 at 4% or $146,470 at 6%; with 100% employer match about $164,779 at 4% or $109,853 at 6%.
200813$0$0-
Ocean Magic Profit Sharing Trust-3---
200711$0$0-
Ocean Magic Profit Sharing Trust-1---
200612$406,827$44,339$22,170iApproximate average salary by contribution assumption: employee only about $554,238 at 4% or $369,492 at 6%; with 50% employer match about $369,492 at 4% or $246,328 at 6%; with 100% employer match about $277,119 at 4% or $184,746 at 6%.
Ocean Magic Profit Sharing Trust-2$406,827$44,339$22,170iApproximate average salary by contribution assumption: employee only about $554,238 at 4% or $369,492 at 6%; with 50% employer match about $369,492 at 4% or $246,328 at 6%; with 100% employer match about $277,119 at 4% or $184,746 at 6%.
200511$332,162$45,807$45,807iApproximate average salary by contribution assumption: employee only about $1,145,175 at 4% or $763,450 at 6%; with 50% employer match about $763,450 at 4% or $508,967 at 6%; with 100% employer match about $572,588 at 4% or $381,725 at 6%.
Ocean Magic Profit Sharing Trust-1$332,162$45,807$45,807iApproximate average salary by contribution assumption: employee only about $1,145,175 at 4% or $763,450 at 6%; with 50% employer match about $763,450 at 4% or $508,967 at 6%; with 100% employer match about $572,588 at 4% or $381,725 at 6%.
200411$277,125$41,000$41,000iApproximate average salary by contribution assumption: employee only about $1,025,000 at 4% or $683,333 at 6%; with 50% employer match about $683,333 at 4% or $455,556 at 6%; with 100% employer match about $512,500 at 4% or $341,667 at 6%.
Ocean Magic Profit Sharing Trust-1$277,125$41,000$41,000iApproximate average salary by contribution assumption: employee only about $1,025,000 at 4% or $683,333 at 6%; with 50% employer match about $683,333 at 4% or $455,556 at 6%; with 100% employer match about $512,500 at 4% or $341,667 at 6%.
200311$0$0-
Ocean Magic Profit Sharing Trust-1---
200211$0$0-
Ocean Magic Profit Sharing Trust-1---
200111$0$0-
Ocean Magic Profit Sharing Trust-1---
200014$0$0-
Ocean Magic Profit Sharing Trust-4---
199913$403,942$23,459$7,820iApproximate average salary by contribution assumption: employee only about $195,492 at 4% or $130,328 at 6%; with 50% employer match about $130,328 at 4% or $86,885 at 6%; with 100% employer match about $97,746 at 4% or $65,164 at 6%.
Ocean Magic Profit Sharing Trust-3$403,942$23,459$7,820iApproximate average salary by contribution assumption: employee only about $195,492 at 4% or $130,328 at 6%; with 50% employer match about $130,328 at 4% or $86,885 at 6%; with 100% employer match about $97,746 at 4% or $65,164 at 6%.