Plan Snapshot
- Plan Sponsor: Coastal Community Bank
- Sponsor EIN: 911811848
- Sponsor Address: 5415 EVERGREEN WAY, EVERETT, WA, 98203
- Plan Type: 401(k)
- Total Participants: 486
- Total Assets: $45.4M
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 | 486 | $45.4M | $2.0M | $4.4M |
| 2023 | 506 | $38.3M | $1.7M | $4.1M |
| 2022 | 445 | $28.9M | $1.3M | $3.2M |
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 |
|---|---|---|---|---|
| RBC WEALTH MANAGEMENT | NONE | $50,216 | — | $50,216 |
| NORTHWEST PLAN SERVICES | NONE | $45,875 | — | $45,875 |
| MATRIX TRUST COMPANY | NONE | $15,556 | — | $15,556 |
| CLARK NUBER | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- RBC WEALTH MANAGEMENT — NONE
- NORTHWEST 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: $111,647
- Estimated Expense Ratio: 0.246% 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 | $111,716 | $50,216 | $45,944 | — | — |
| 2023 | $96,527 | $45,773 | $39,346 | — | — |
| 2022 | $96,352 | $59,580 | — | — | — |