Coastal States Bank 401(K) Plan — Form 5500 plan (Coastal States Bank)
Plain-English plan 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, Coastal States Bank 401(K) Plan is a benefit plan reported by Coastal States Bank under EIN 03-0546702 and plan number 101. The latest loaded filing year is 2023. The filing reports 213 participants and $14,893,458 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Coastal States Bank
- EIN
- 03-0546702
- Plan number
- 101
- Plan type
- 2
- Location
- Hilton Head Island, SC
- Latest filing year
- 2023
- Participants
- 213
- End-of-year plan assets
- $14,893,458
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 213 | H, C | 20240814091144NAL0025216066001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $14,893,458
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $14,893,458
- Net assets (BOY)
- $11,114,514
Income & contributions
- Employer contributions
- $840,166
- Participant contributions
- $1,449,766
- Total contributions
- $2,532,210
- Total income / additions
- $4,512,236
Expenses & distributions
- Benefits paid
- $666,339
- Administrative expenses
- $66,953
- Total expenses
- $733,292
- Net increase / (decrease)
- $3,778,944
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $37,694 | $0 | 2023 |
| Onedigital Investment Advisors | INVESTMENT ADVISORY | $24,205 | $56 | 2023 |
| Orenda Retirement LLC | CONTRACT ADMINISTRATOR | $3,900 | $10,824 | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Coastal States Bank
- 2023 Form 5500 filing
- Form 5500 filings in SC
- 401(k) and benefit plan filings in Hilton Head Island, SC
- Principal Life Insurance Company — Schedule C compensation
- Onedigital Investment Advisors — Schedule C compensation
- Orenda Retirement LLC — Schedule C compensation