Retirement plan

COASTAL CONSTRUCTION GROUP 401(K) PLAN

Name: COASTAL CONSTRUCTION GROUP - COASTAL CONSTRUCTION GROUP 401(K) PLAN (2020) Form 5500
Creator: COASTAL CONSTRUCTION GROUP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, COASTAL CONSTRUCTION GROUP 401(K) PLAN, COASTAL CONSTRUCTION GROUP

COASTAL CONSTRUCTION GROUPEIN 65-0802683Plan #001PY 2020

5959 BLUE LAGOON DRIVE, SUITE 200 - MIAMI, FL 33126305-559-4900

Prospect flagsHigh feesCorrective distributions

Top hat statement on fileNQDC

Filed January 8, 2020

Plan administrator

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5959 Blue Lagoon Drive, Suite 200

Miami, FL 33126

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Plans declared (1)

Coastal Construction Group NQDC Plan33 emp

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Total assets (EOY)

$42.8M

+15.6% from 2019

Total participants

442

-0.9% from 2019

Average account balance

$103,278

+16.7% from 2019

Annual return

15.89%

-8.16 pp from 2019

Benchmarks

See 1,282 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants250-999

Cohort1,282 peers

Snapshot2020

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$49.93M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$98K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

509

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

90.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$5.31M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$12K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+14.13%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$480

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

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Service providers

Top 10 of 11 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.4 years Service code 49 · EIN 04-1590850	Other Services	$109,661
SAGEVIEW ADVISORY GROUP, LLC1 year Service code 50 · EIN 33-0818667	Direct Payment	$39,139
WITHUMSMITH+BROWN, PC4 years Filed as: BROWN & BROWN OF FLORIDA, INC. Service code 27 · EIN 59-0691921	Advisory (Plan)	$17,597
ENVESTNET RETIREMENT SOLUTIONS, LLC4 years Service code 26 · EIN 61-1732930	Advisory (Participants)	$71
AMERICAN FUNDS4 years Service code 52 · EIN 95-2817150	Indirect Investment Fees	$0
DIMENSIONAL FUND ADVISORS4 years Service code 52 · EIN 36-3129984	Indirect Investment Fees	$0
FRANKLIN TEMPLETON4 years Filed as: FRANKLINTEMPLETON Service code 52 · EIN 59-6865210	Indirect Investment Fees	$0
MORGAN STANLEY SMITH BARNEY4 years Filed as: JP MORGAN Service code 52 · EIN 33-1043149	Indirect Investment Fees	$0
PIMCO FUNDS4 years Service code 52 · EIN 95-2632339	Indirect Investment Fees	$0
THE VANGUARD GROUP, INC.4 years Filed as: VANGUARD Service code 52 · EIN 23-2311358	Indirect Investment Fees	$0

Plan features & details

Pension benefit codes2E2J2F2G2K3D3H2S2T

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$166K

$453 / participant

Investment mgmt$122K73.5%
Contract admin$5K2.8%
Other / not subdivided$39K23.7%

% of EOY assets

0.389%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: MAYER HOFFMAN MCCANN PC
Auditor EIN: 431947695
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$103,278

$91,517+12.9%

$101,271+2.0%

$73,412+40.7%

Participation rate

92.4%

73.8%+18.6pp

75.8%+16.6pp

72.2%+20.2pp

Annual return

15.89%

17.17%-1.3pp

46.48%-30.6pp

59.30%-43.4pp

Employer contribution / active EE

$3,375

$2,877+17.3%

$3,660-7.8%

$2,234+51.1%

Participant deferral / active EE

$8,234

$3,338+146.6%

$4,371+88.4%

$3,806+116.4%

Admin fee / account holder

$402

$216+86.2%

$5,948-93.2%

$158+154.6%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.4 years

Service code 49 · EIN 04-1590850

Other Services

$109,661

SAGEVIEW ADVISORY GROUP, LLC1 year

Service code 50 · EIN 33-0818667

Direct Payment

$39,139

WITHUMSMITH+BROWN, PC4 years

Filed as: BROWN & BROWN OF FLORIDA, INC.

Service code 27 · EIN 59-0691921

Advisory (Plan)

$17,597

ENVESTNET RETIREMENT SOLUTIONS, LLC4 years

Service code 26 · EIN 61-1732930

Advisory (Participants)

$71

AMERICAN FUNDS4 years

Service code 52 · EIN 95-2817150

Indirect Investment Fees

DIMENSIONAL FUND ADVISORS4 years

Service code 52 · EIN 36-3129984

Indirect Investment Fees

FRANKLIN TEMPLETON4 years

Filed as: FRANKLINTEMPLETON

Service code 52 · EIN 59-6865210

Indirect Investment Fees

MORGAN STANLEY SMITH BARNEY4 years

Filed as: JP MORGAN

Service code 52 · EIN 33-1043149

Indirect Investment Fees

PIMCO FUNDS4 years

Service code 52 · EIN 95-2632339

Indirect Investment Fees

THE VANGUARD GROUP, INC.4 years

Filed as: VANGUARD

Service code 52 · EIN 23-2311358

Indirect Investment Fees

COASTAL CONSTRUCTION GROUP 401(K) PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

COASTAL CONSTRUCTION GROUP 401(K) PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion