# Bay Coast Bank 401(k) Plan
Source: https://planprovider.pro/companies/bay-coast-bank-401k-plan

> Bay Coast Bank's 401(k) plan: 517 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/epic-retirement-plan-services) — NONE

- [MATRIX TRUST COMPANY](https://planprovider.pro/provider/aspire-financial-services) — 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|—|—|—|—|

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