Plan Ledger DOL Form 5500 · updated monthly

Hoban & Associates, Inc. dba Coast Real Estate Services401(k)

HOBAN & ASSOCIATES, INC. DBA COAST REAL ESTATE SERVICES 401(K) PLAN · EVERETT, WA · plan year 2023

Reported admin expense ratio · 2023
0.91%

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

Hoban & Associates, Inc. dba Coast Real Estate Services reported $41,598 in plan administrative expenses for 2023: 0.91% of average plan assets, higher than ~75% of peers. Employer contributions averaged $121 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 rose from 0.78% to 0.91%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other real estate & leasing employers. By assets it is among the smaller plans on file in Washington (1,354th of 1,714), and 1,526th of 2,096 in real estate & leasing. In 2023, employees put in $13.76 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$4,904,206
Participants with balances211
Active participants320
Employer contributions$38,827
Employee contributions$534,440
Employer contribution per active participant$121
Average account balance$23,243
Benefits paid to participants$646,258
Plan auditUnmodified (clean) audit opinion
AuditorSWEENEY CONRAD
Plan history2
Yearassets · accounts · employer contribution
2023$4.9M · 211 accts · $39K emplr
2022$4.3M · 258 accts · $112K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$41,594
Investment management$4
Total administrative$41,598
The Hoban & Associates, Inc. dba Coast Real Estate Services 401(k) match · 2023
Employer contribution per active participant$121
Median for plans this size$1,308
2023$121 per active participant
2022$163 per active participant

Hoban & Associates, Inc. dba Coast Real Estate Services's 2023 employer contribution ran below the $1,308 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20231
JOHN HANCOCK LIFE INSURANCE COMPANY · Recordkeeping · Loan processing$41,598

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$41,598 · 0.91%
2022$39,805 · 0.78%
Same employer
Similar plansReal Estate & Leasing · Washington
Idm Companies, LLC WA$6.3M · 1.09%
Forterra Nw WA$4.5M · 0.90%
Idm Apartments, LLC WA$3.8M · 0.96%
11 Capital, LLC WA$3.6M · 1.29%

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Source: U.S. Department of Labor, Form 5500 series, EIN 911476354 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.