Filed September 24, 2020
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| Provider | Service type | Compensation |
|---|---|---|
Service code 13 · EIN 42-0127290 | Contract Administrator | $32,535 |
COASTAL PENSION SERVICES3 years Filed as: COASTAL PENSION SERVICES LLC Service code 13 · EIN 52-1053785 | Contract Administrator | $25,565 |
Service code 17 · EIN 13-5674085 | Pension Consulting | $24,222 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $41,788 | $82,188-49.2% | $125,391-66.7% | $64,824-35.5% |
| Participation rate | 50.1% | 77.9%-27.8pp | 82.4%-32.2pp | 71.5%-21.3pp |
| Annual return | -15.71% | 3.50%-19.2pp | 572.41%-588.1pp | 32.84%-48.5pp |
| Employer contribution / active EE | $1,916 | $3,617-47.0% | $4,816-60.2% | $2,507-23.6% |
| Participant deferral / active EE | $4,779 | $7,177-33.4% | $7,448-35.8% | $4,311+10.9% |
| Admin fee / account holder | $336 | $163+106.0% | $10,009-96.6% | $188+79.1% |