Plan Ledger DOL Form 5500 · updated monthly

Coastal Forest Resources Company401(k)

COASTAL FOREST RESOURCES COMPANY RETIREMENT INCOME SAVINGS PLAN · HAVANA, FL · plan year 2023

Reported admin expense ratio · 2023
0.10%

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

Coastal Forest Resources Company reported $7,284 in plan administrative expenses for 2023: 0.10% of average plan assets, lower than ~75% of peers. Employer contributions averaged $5,774 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 1 year on file its reported administrative ratio fell from 0.29% to 0.10%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Florida (2,068th of 3,644), and 9,823rd of 13,661 in manufacturing. In 2023, employees put in $1.76 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$7,664,288
Participants with balances61
Active participants17
Employer contributions$98,159
Employee contributions$172,852
Employer contribution per active participant$5,774
Average account balance$125,644
Benefits paid to participants$1,396,281
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2023$7.7M · 61 accts · $98K emplr
2022$7.5M · 113 accts · $790K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$4,951
Trustee / custodial$2,333
Total administrative$7,284
The Coastal Forest Resources Company 401(k) match · 2023
Employer contribution per active participant$5,774
Median for plans this size$1,308
2023$5,774 per active participant
2022$11,452 per active participant

Coastal Forest Resources Company's 2023 employer contribution ran above the $1,308 median for plans its size, placing it in the top 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20231
ALERUS FINANCIAL, N.A. · Recordkeeping · Trustee$7,284

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

Administrative cost history2
2023$7,284 · 0.10%
2022$48,027 · 0.29%
Similar plansManufacturing · Florida
Phasetronics, Inc. FL$7.9M · 0.56%
Perko, Inc. FL$7.8M · 0.44%
Airspan Networks Inc. FL$7.6M · 0.44%
Cirkul, Inc. FL$7.5M · 0.80%
Jl Marine Systems, Inc. FL$7.5M · 0.42%

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Source: U.S. Department of Labor, Form 5500 series, EIN 561274448 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.