Retirement plan

COASTAL GROUP 401(K) PLAN

Name: COASTAL MANAGEMENT SERVICES LLC - COASTAL GROUP 401(K) PLAN (2019) Form 5500
Creator: COASTAL MANAGEMENT SERVICES LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, COASTAL GROUP 401(K) PLAN, COASTAL MANAGEMENT SERVICES LLC

COASTAL MANAGEMENT SERVICES LLCEIN 81-1525854Plan #001PY 2019

1201 INDUSTRIAL AVENUE - HOLLAND, MI 49423616-355-9800

Prospect flagsLow assets / participantLow employer contributionLow fidelity bond

How to read this page

Total assets (EOY)

$2.8M

+41.8% from 2018

Total participants

285

-1.4% from 2018

Average account balance

$11,910

+44.8% from 2018

Annual return

31.64%

+35.96 pp from 2018

Benchmarks

See 1,981 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort1,981 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$6.36M

Not enough data

1 years with asset history on file

Average account balance

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

$25K

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.

254

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.

77.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$983K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+16.62%

Not enough data

1 years with return on file

Admin fee / account holder

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

$145

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

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

Service providers

Top 1 by compensation

Provider	Service type	Compensation
EPIC RETIREMENT PLAN SERVICES2+ years Filed as: MACATAWA BANK - RETIREMENT PLAN SER Service code 15 · EIN 38-3378283 10753 MACATAWA DR · HOLLAND, MI 49424	Recordkeeping	$20,108

Plan features & details

Pension benefit codes2E2G2J2K2S2T3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.

Opportunity flags

3 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$20K

$90 / participant

Contract admin$20K100.0%

% of EOY assets

0.728%

all-in expense ratio

Categories reported

1 / 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: FERRIS, BUSSCHER & ZWIERS, PC
Auditor EIN: 382302123
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$11,910

$66,319-82.0%

$93,621-87.3%

$65,185-81.7%

Participation rate

76.3%

74.0%+2.3pp

75.8%+0.5pp

70.2%+6.1pp

Annual return

31.64%

42.59%-11.0pp

32.76%-1.1pp

29.38%+2.3pp

Employer contribution / active EE

$350

$2,013-82.6%

$2,719-87.1%

$2,177-83.9%

Participant deferral / active EE

$2,511

$3,343-24.9%

$4,070-38.3%

$3,514-28.5%

Admin fee / account holder

$87

$6,900-98.7%

$7,890-98.9%

$847-89.8%

Provider

Service type

Compensation

EPIC RETIREMENT PLAN SERVICES2+ years

Filed as: MACATAWA BANK - RETIREMENT PLAN SER

Service code 15 · EIN 38-3378283

10753 MACATAWA DR · HOLLAND, MI 49424

Recordkeeping

$20,108

COASTAL GROUP 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

COASTAL GROUP 401(K) PLAN

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