Coastal1 Credit Union 401(K) Plan — Form 5500 plan (Coastal1 Credit Union)
Plain-English plan summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, Coastal1 Credit Union 401(K) Plan is a benefit plan reported by Coastal1 Credit Union under EIN 05-0197075 and plan number 002. The latest loaded filing year is 2023. The filing reports 373 participants and $43,686,813 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Coastal1 Credit Union
- EIN
- 05-0197075
- Plan number
- 002
- Plan type
- 2
- Location
- Pawtucket, RI
- Latest filing year
- 2023
- Participants
- 373
- End-of-year plan assets
- $43,686,813
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 373 | H, C | 20240918102734NAL0004133073001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $43,686,813
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $43,686,813
- Net assets (BOY)
- $40,128,211
Income & contributions
- Employer contributions
- $1,645,227
- Participant contributions
- $1,734,265
- Total contributions
- $3,633,177
- Total income / additions
- $10,528,147
Expenses & distributions
- Benefits paid
- $6,957,941
- Administrative expenses
- $11,604
- Total expenses
- $6,969,545
- Net increase / (decrease)
- $3,558,602
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| The Angell Pension Group, Inc | THIRD PARTY ADMIN | $0 | $23,320 | 2023 |
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $11,604 | $0 | 2023 |