Plan Ledger DOL Form 5500 · updated monthly

Coastal Management LLC401(k)

COASTAL MANAGEMENT LLC 401K PLAN AND TRUST · NORTH CHARLESTON, SC · plan year 2024

Reported admin expense ratio · 2024
1.18%

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

Coastal Management LLC reported $12,160 in plan administrative expenses for 2024: 1.18% of average plan assets, higher than ~75% of peers. Employer contributions averaged $187 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 3 years on file its reported administrative ratio has held roughly steady near 1.18%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other accommodation & food services employers. By assets it is among the smaller plans on file in South Carolina (734th of 807), and 1,627th of 2,240 in accommodation & food services. In 2024, employees put in $1.69 for every $1.00 the employer contributed; active participation has grown from 762 to 1,076 since 2022.

Plan summary
Net assets, end of year$1,271,419
Participants with balances120
Active participants1,076
Employer contributions$201,469
Employee contributions$341,419
Employer contribution per active participant$187
Average account balance$10,595
Benefits paid to participants$179,295
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$1.3M · 120 accts · $201K emplr
2023$797K · 125 accts · $190K emplr
2022$316K · 102 accts · $146K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$7,355
Investment management$4,805
Total administrative$12,160
The Coastal Management LLC 401(k) match · 2024
Employer contribution per active participant$187
Median for plans this size$1,313
2024$187 per active participant
2023$240 per active participant
2022$191 per active participant

Coastal Management LLC's 2024 employer contribution ran below the $1,313 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 · 20241
ADP, INC. · Loan processing · Recordkeeping$12,160

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

Recordkeeper by year2
2024ADP
2023ADP

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Administrative cost history3
2024$12,160 · 1.18%
2023$7,524 · 1.35%
2022$3,683 · 1.17%
Similar plansAccommodation & Food Services · South Carolina
Perfect Delivery Inc SC$2.8M · 0.63%
F M H Limited SC$2.1M · 0.63%
Gsp Transportation Inc. SC$2.1M · 0.94%
A.M.C. Management Corp. SC$1.0M · 0.59%
Senior Catering SC$967K · 0.98%
Neighborhood Dining Group SC$946K · 0.56%

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Source: U.S. Department of Labor, Form 5500 series, EIN 800705181 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.