Coast Professional Inc. 401(k) Review & Grade
Coast Professional Inc. Profit Sharing Plan
West Monroe, LAFinance & Insurance534 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,153Employer $ per active participant
$2,136Employee $ saved per active participant
1.27%Direct admin cost, % of plan assets
$8.9MNet plan assets, end of year
$12,393Average balance per account
Score breakdown
- Employer generosity5.4 / 5011th percentile for employer $ per participant
- Low cost1.0 / 254th percentile for low admin cost vs. same-size plans
- Employee saving0.6 / 154th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score17 / 100 · Grade F
This plan vs. peers
Peers: Finance & Insurance plans with 500–2,499 active participants (754 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 11th |
| Lower admin cost | 4th |
| Employee saving | 4th |
| Peers that auto-enroll | 62% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Coast Professional put in about $1,153 per active participant, below the typical peer ($3,606). Any match is still an instant return, so contribute enough to get all of it.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Direct plan expenses (1.27% of assets) are well above similar-size plans (0.23%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $615,801 |
| Participant (employee) contributions | $1,140,530 |
| Other contributions (incl. rollovers in) | $149,258 |
| Administrative expenses paid from the plan | $104,455 |
| Contract administrator fees | $104,455 |
| Benefits paid out | $1,231,265 |
| Net assets, start / end of year | $7.5M / $8.9M |
| Active participants, start / end of year | 505 / 563 |
| Participants with account balances | 722 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Bonadio & Co. LLP |
Largest service providers (Schedule C)
| Transamerica Retirement Solutions, | $76,221 reported compensation |
| Futureplan by Ascensus | $28,251 reported compensation |
| Bank of America NA | $22,880 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013125916NAL0000625939001, received 2025-10-13, EIN 33-0791735, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.