Filed October 17, 2018
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| Provider | Service type | Compensation |
|---|---|---|
Service code 13 · EIN 42-0127290 | Contract Administrator | $120,698 |
Service code 49 · EIN 59-2730348 | Other Services | $77,702 |
COASTAL PENSION SERVICES5 years Filed as: COASTAL PENSION SERVICES, INC. Service code 49 · EIN 52-1053785 | Other Services | $13,996 |
Service code 13 · EIN 13-3601506 | Contract Administrator | $9,361 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Plan reported corrective distributions (failed ADP/ACP testing).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $155,940 | $100,923+54.5% | $150,045+3.9% | $74,304+109.9% |
| Participation rate | 100.0% | 70.1%+29.9pp | 82.3%+17.7pp | 60.3%+39.7pp |
| Annual return | 16.31% | 51.77%-35.5pp | 62.55%-46.2pp | 29.43%-13.1pp |
| Employer contribution / active EE | $8,923 | $3,463+157.6% | $4,693+90.1% | $2,241+298.2% |
| Participant deferral / active EE | $15,664 | $6,709+133.5% | $7,997+95.9% | $3,767+315.8% |
| Admin fee / account holder | $413 | $2,767-85.1% | $13,435-96.9% | $2,969-86.1% |