2023 Form 5500 filing — Coastal1 Credit Union 401(K) Plan
Plain-English filing summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, this is the 2023 Form 5500 filing (EFAST2 acknowledgement 20240918102734NAL0004133073001) for Coastal1 Credit Union 401(K) Plan, reported by Coastal1 Credit Union under EIN 05-0197075 and plan number 002. It reports 373 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240918102734NAL0004133073001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Coastal1 Credit Union
- EIN
- 05-0197075
- Plan number
- 002
- Location
- Pawtucket, RI
- Participants
- 373
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $43,686,813
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $43,686,813
- Employer contributions
- $1,645,227
- Participant contributions
- $1,734,265
- Total income / additions
- $10,528,147
- Benefits paid
- $6,957,941
- Administrative expenses
- $11,604
- Total expenses
- $6,969,545
- Net increase / (decrease)
- $3,558,602
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| The Angell Pension Group, Inc | THIRD PARTY ADMIN | $0 | $23,320 |
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $11,604 | $0 |