# Coastal States Bank 401(k) Plan
Source: https://planprovider.pro/companies/coastal-states-bank-401k-plan

> Coastal States Bank's 401(k) plan: 182 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Coastal States Bank

- **Sponsor EIN:** 030546702

- **Sponsor Address:** 5 BOW CIRCLE, HILTON HEAD ISLAND, SC, 29928

- **Plan Type:** 401(k)

- **Total Participants:** 182

- **Total Assets:** $18.1M

## Key Plan Design Features

- **Auto-Enrollment:** Yes

- **Auto-Escalation:** No

- **Allows Roth Contributions:** No

- **Participant Loans:** No

- **Participant-Directed Investments:** No

- **ERISA Section 404(c) Fiduciary Safe Harbor:** Yes

## Plan Financials by Year

| Year|Participants|Total Assets|Employer Contrib.|Employee Contrib.|

| 2024|182|$18.1M|$973,958|$1.7M|

| 2023|176|$14.9M|$840,166|$1.4M|

| 2022|176|$11.1M|$721,125|$1.3M|

## 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|

| COULTER & JUSTUS|Auditor|—|—|$0|

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $0

### 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|$90,763|$32,862|$57,821|—|—|

| 2023|$66,953|$24,205|$41,594|$1,154|—|

| 2022|$76,832|$25,970|$39,863|—|$10,999|

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