Plan Ledger DOL Form 5500 · updated monthly

Coast Professional Inc.401(k)

COAST PROFESSIONAL INC. PROFIT SHARING PLAN · WEST MONROE, LA · plan year 2024

Reported admin expense ratio · 2024
1.27%

Peer grade: C · admin costs + employer contributions vs same-size plans · how grading works

Coast Professional Inc. reported $104,455 in plan administrative expenses for 2024: 1.27% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,094 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio fell from 1.72% to 1.27%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other finance & insurance employers. By assets it is among the smaller plans on file in Louisiana (465th of 884), and 4,087th of 4,798 in finance & insurance. In 2024, employees put in $1.85 for every $1.00 the employer contributed; active participation has grown from 475 to 563 since 2022.

Plan summary
Net assets, end of year$8,947,800
Participants with balances722
Active participants563
Employer contributions$615,801
Employee contributions$1,140,530
Employer contribution per active participant$1,094
Average account balance$12,393
Benefits paid to participants$1,231,265
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$8.9M · 722 accts · $616K emplr
2023$7.5M · 581 accts · $534K emplr
2022$5.4M · 622 accts · $481K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$104,455
Total administrative$104,455
The Coast Professional Inc. 401(k) match · 2024
Employer contribution per active participant$1,094
Median for plans this size$1,313
2024$1,094 per active participant
2023$1,220 per active participant
2022$1,013 per active participant

Coast Professional Inc.'s 2024 employer contribution ran below the $1,313 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20243
TRANSAMERICA RETIREMENT SOLUTIONS, · Recordkeeping · Loan processing$76,221
FUTUREPLAN BY ASCENSUS · Recordkeeping · Loan processing$28,241
BANK OF AMERICA NA · Investment advisory (plan)$22,880

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024Ascensus, Transamerica
2023Ascensus, Transamerica

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$104,455 · 1.27%
2023$80,312 · 1.25%
2022$92,096 · 1.72%
Similar plansFinance & Insurance · Louisiana
Caldwell Holding Company LA$9.2M · 0.09%
Concordia Bank & Trust LA$8.8M · 0.00%

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Source: U.S. Department of Labor, Form 5500 series, EIN 330791735 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.