Plan Snapshot
- Plan Sponsor: Intercoastal Mortgage, LLC
- Sponsor EIN: 521597440
- Sponsor Address: 11911 FREEDOM DRIVE, RESTON, VA, 20190
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 201
- Total Assets: $17.3M
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. |
|---|---|---|---|---|
| 2025 | 201 | $17.3M | $0 | $0 |
| 2024 | 179 | $14.9M | $0 | $1.5M |
| 2023 | 179 | $12.2M | $62,197 | $1.6M |
| 2022 | 218 | $10.5M | $1.1M | $2.5M |
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 |
|---|---|---|---|---|
| GREENSPRING ADVISORS, LLC | Investment Advisor | $28,403 | — | $28,403 |
| CITRIN COOPERMAN & COMPANY, LLP | Other Service Provider | $11,395 | — | $11,395 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $39,798
- Estimated Expense Ratio: 0.230% 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 |
|---|---|---|---|---|---|
| 2025 | $2,915,738 | $28,403 | — | $11,395 | — |
| 2024 | $60,463 | $27,311 | — | $9,500 | — |
| 2023 | $61,633 | $26,260 | — | $9,000 | — |
| 2022 | $59,235 | — | — | — | — |