Plan Ledger DOL Form 5500 · updated monthly

Coastal Beverage Company, Inc.401(k)

COASTAL BEVERAGE COMPANY, INC. PROFIT SHARING/401(K) PLAN · WILMINGTON, NC · plan year 2024

Reported admin expense ratio · 2024
0.36%

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

Coastal Beverage Company, Inc. reported $88,581 in plan administrative expenses for 2024: 0.36% of average plan assets, above the peer median. Employer contributions averaged $1,250 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 0.43% to 0.36%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other wholesale trade employers. By assets it is the 608th-largest of 2,005 plans among North Carolina employers on file, and the 1,475th of 4,246 in wholesale trade. In 2024, employees put in $2.83 for every $1.00 the employer contributed; active participation has grown from 444 to 550 since 2022.

Plan summary
Net assets, end of year$27,149,796
Participants with balances577
Active participants550
Employer contributions$687,665
Employee contributions$1,947,819
Employer contribution per active participant$1,250
Average account balance$47,053
Benefits paid to participants$1,127,331
Plan auditUnmodified (clean) audit opinion
AuditorEARNEY AND COMPANY, L.L.P.
Plan history3
Yearassets · accounts · employer contribution
2024$27.1M · 577 accts · $688K emplr
2023$22.6M · 564 accts · $616K emplr
2022$18.5M · 658 accts · $550K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$24,267
Investment management$31,714
Audit (IQPA)$32,600
Total administrative$88,581
The Coastal Beverage Company, Inc. 401(k) match · 2024
Employer contribution per active participant$1,250
Median for plans this size$2,416
2024$1,250 per active participant
2023$1,298 per active participant
2022$1,239 per active participant

Coastal Beverage Company, Inc.'s 2024 employer contribution ran below the $2,416 median for plans its size, in the bottom quarter of its peers. 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
EARNEY & COMPANY PLLC · Accounting / audit$32,600
CAPFINANCIAL PARTNERS LLC · Investment advisory (plan)$31,714
FIDELITY WORKPLACE SERVICES, LLC · Plan administrator · Trustee (discretionary)$24,266

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

Administrative cost history3
2024$88,581 · 0.36%
2023$84,299 · 0.41%
2022$88,461 · 0.43%
Same employer
Similar plansWholesale Trade · North Carolina
Bob Barker Company, Inc. NC$29.3M · 0.25%
Duncan-Parnell, Inc. NC$28.8M · 0.29%
Sie Holdings, Inc. NC$28.2M · 0.54%
Coastal Agrobusiness, Inc. NC$28.1M · 0.22%
Ascendum Machinery, Inc. NC$26.8M · 0.41%
Guaranteed Supply Company NC$25.7M · 0.00%
Carotek, Inc. NC$25.1M · 0.30%
M.G. Newell Corporation NC$24.6M · 0.39%

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Source: U.S. Department of Labor, Form 5500 series, EIN 560694530 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.