Coastal Beverage Company, Inc. 401(k) Review & Grade
Coastal Beverage Company, Inc. Profit Sharing/401(k) Plan
Wilmington, NCWholesale Trade512 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,342Employer $ per active participant
$3,801Employee $ saved per active participant
0.36%Direct admin cost, % of plan assets
$27.1MNet plan assets, end of year
$47,053Average balance per account
Score breakdown
- Employer generosity17.9 / 5036th percentile for employer $ per participant
- Low cost8.6 / 2534th percentile for low admin cost vs. same-size plans
- Employee saving5.3 / 1535th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score42 / 100 · Grade D
This plan vs. peers
Peers: Wholesale Trade plans with 500–2,499 active participants (603 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 36th |
| Lower admin cost | 34th |
| Employee saving | 35th |
| Peers that auto-enroll | 53% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Coastal Beverage Company put in about $1,342 per active participant, below the typical peer ($1,792). Any match is still an instant return, so contribute enough to get all of it.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Direct plan expenses (0.36% of assets) are well above similar-size plans (0.23%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $687,665 |
| Participant (employee) contributions | $1,947,819 |
| Other contributions (incl. rollovers in) | $20,686 |
| Administrative expenses paid from the plan | $88,581 |
| Contract administrator fees | $3,005 |
| Investment advisory & management fees | $31,714 |
| Benefits paid out | $1,127,331 |
| Net assets, start / end of year | $22.6M / $27.1M |
| Active participants, start / end of year | 475 / 550 |
| Participants with account balances | 577 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Earney and Company, L.L.P. |
Largest service providers (Schedule C)
| Earney & Company PLLC | $32,600 reported compensation |
| Capfinancial Partners LLC | $31,714 reported compensation |
| Fidelity Workplace Services, LLC | $24,266 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250915082451NAL0000586723001, received 2025-09-15, EIN 56-0694530, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.