Plan Ledger DOL Form 5500 · updated monthly

Coastal Horizons Center, Inc.401(k)

COASTAL HORIZONS CENTER, INC. PROFIT SHARING PLAN · WILMINGTON, NC · plan year 2024

Reported admin expense ratio · 2024
0.56%

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

Coastal Horizons Center, Inc. reported $77,878 in plan administrative expenses for 2024: 0.56% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,313 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 rose from 0.53% to 0.56%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 871st-largest of 2,005 plans among North Carolina employers on file, and the 4,445th of 11,911 in health care & social assistance. In 2024, employees put in $1.34 for every $1.00 the employer contributed; active participation has grown from 468 to 628 since 2022.

Plan summary
Net assets, end of year$15,221,149
Participants with balances410
Active participants628
Employer contributions$824,294
Employee contributions$1,102,070
Employer contribution per active participant$1,313
Average account balance$37,125
Benefits paid to participants$1,516,725
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$15.2M · 410 accts · $824K emplr
2023$12.6M · 391 accts · $735K emplr
2022$9.2M · 382 accts · $640K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$65,926
Investment management$11,952
Total administrative$77,878
The Coastal Horizons Center, Inc. 401(k) match · 2024
Employer contribution per active participant$1,313
Median for plans this size$2,416
2024$1,313 per active participant
2023$1,497 per active participant
2022$1,368 per active participant

Coastal Horizons Center, Inc.'s 2024 employer contribution ran below the $2,416 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
EMPOWER ADVISORY GROUP, LLC · Investment management$11,952
WELLS FARGO ADVISORS FIN NETWORK LLindirect comp

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$77,878 · 0.56%
2023$53,179 · 0.49%
2022$54,721 · 0.53%
Same employer
Similar plansHealth Care & Social Assistance · North Carolina
Carolina Meadows, Inc. NC$16.0M · 0.13%
Well Care Health, LLC NC$15.7M · 0.54%
Carolina Caring, Inc. NC$15.3M · 0.47%
Wilmington Eye, P.A. NC$15.0M · 0.55%
Alexander Youth Network NC$14.7M · 0.74%

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Source: U.S. Department of Labor, Form 5500 series, EIN 560950370 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.