Coastal Management LLC 401(k) Review & Grade
Coastal Management LLC 401k Plan and Trust
North Charleston, SCAccommodation & Food Services1,006 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$200Employer $ per active participant
$340Employee $ saved per active participant
1.18%Direct admin cost, % of plan assets
$1.3MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity20.6 / 5041th percentile for employer $ per participant
- Low cost1.2 / 255th percentile for low admin cost vs. same-size plans
- Employee saving3.2 / 1521th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score28 / 100 · Grade F
This plan vs. peers
Peers: Accommodation & Food Services plans with 500–2,499 active participants (458 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 41th |
| Lower admin cost | 5th |
| Employee saving | 21th |
| Peers that auto-enroll | 17% |
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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
- Coastal Management put in about $200 per active participant, below the typical peer ($266). 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 (1.18% 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.
- 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 | $201,469 |
| Participant (employee) contributions | $341,419 |
| Other contributions (incl. rollovers in) | $8,886 |
| Administrative expenses paid from the plan | $12,160 |
| Investment advisory & management fees | $4,805 |
| Benefits paid out | $179,295 |
| Net assets, start / end of year | $797,173 / $1.3M |
| Active participants, start / end of year | 935 / 1,076 |
| Participants with account balances | 120 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | GBQ Partners LLC |
Largest service providers (Schedule C)
| Adp, Inc. | $12,160 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015162157NAL0002742771001, received 2025-10-15, EIN 80-0705181, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.