Plan Snapshot
- Plan Sponsor: Gulf Coast Bank
- Sponsor EIN: 720695783
- Sponsor Address: PO BOX 490, ABBEVILLE, LA, 705110490
- Plan Type: 401(k)
- Total Participants: 85
- Total Assets: $20.2M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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 | 85 | $20.2M | $504,215 | $401,989 |
| 2023 | 67 | $19.9M | $507,279 | $458,418 |
| 2022 | 88 | $17.8M | $541,399 | $449,768 |
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 |
|---|---|---|---|---|
| KOLDER, SLAVEN, & COMPANY INC | Auditor | $10,387 | — | $10,387 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- KOLDER, SLAVEN, & COMPANY INC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $10,387
- Estimated Expense Ratio: 0.051% 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 | $6,337 | $3,965 | — | $10,387 | — |
| 2023 | $3,717 | $3,717 | — | — | — |
| 2022 | $1,617 | — | $1,617 | — | — |