Plan Snapshot
- Plan Sponsor: Bay Coast Bank
- Sponsor EIN: 041178460
- Sponsor Address: 330 SWANSEA MALL DR., SWANSEA, MA, 02777
- Plan Type: 401(k)
- Total Participants: 517
- Total Assets: $78.3M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 517 | $78.3M | $1.4M | $3.5M |
| 2023 | 524 | $67.1M | $1.3M | $3.4M |
| 2022 | 561 | $55.5M | $1.4M | $3.5M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| EPIC RETIREMENT PLAN SERVICES | NONE | $108,543 | — | $108,543 |
| MATRIX TRUST COMPANY | NONE | $21,053 | — | $21,053 |
| CBIZ CPAS P.C | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- EPIC RETIREMENT PLAN SERVICES — NONE
- MATRIX TRUST COMPANY — NONE
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $129,596
- Estimated Expense Ratio: 0.166% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $131,719 | $21,053 | — | — | — |
| 2023 | $113,815 | — | — | — | — |
| 2022 | $108,220 | — | — | — | — |