Plan Snapshot
- Plan Sponsor: Coastal Eye Group, PC
- Sponsor EIN: 570636724
- Sponsor Address: P.O. BOX 2900, GEORGETOWN, SC, 29442
- Plan Type: 401(k)
- Total Participants: 77
- Total Assets: $15.8M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: Yes
- 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 | 77 | $15.8M | $526,523 | $371,028 |
| 2023 | 73 | $16.2M | $467,998 | $360,410 |
| 2022 | 67 | $13.6M | $572,271 | $329,919 |
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 |
|---|---|---|---|---|
| WEBSTERROGERS FINANCIAL ADVISOR LLC | Investment Advisor | $22,331 | — | $22,331 |
| NEWPORT GROUP, INC. | Recordkeeper | $12,583 | — | $12,583 |
| NEWPORT TRUST COMPANY | Custodian / Trustee | $5,323 | — | $5,323 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $40,237
- Estimated Expense Ratio: 0.254% 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 | $1,813,760 | — | — | — | — |
| 2023 | $319,437 | — | $30,683 | — | — |
| 2022 | $1,214,280 | — | $32,456 | — | — |