Coastal Federal Credit Union Cash Balance Defined Benefit Pension Plan And Trust — Form 5500 plan (Coastal Federal 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, Coastal Federal Credit Union Cash Balance Defined Benefit Pension Plan And Trust is a benefit plan reported by Coastal Federal Credit Union under EIN 56-0904243 and plan number 001. The latest loaded filing year is 2023. The filing reports 692 participants and $58,822,874 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Coastal Federal Credit Union
- EIN
- 56-0904243
- Plan number
- 001
- Plan type
- 2
- Location
- Raleigh, NC
- Latest filing year
- 2023
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 692 | H, C | 20241003154155NAL0017433072001 |
Reported financial statement
Reported figures as filed, in whole dollars. Only fields the filing reports are shown; others are marked not reported.
Full reported line items
Net assets
- Total assets (EOY)
- $58,822,874
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $58,822,874
- Net assets (BOY)
- $53,051,302
Income & contributions
- Employer contributions
- $4,333,607
- Total contributions
- $4,333,607
- Total income / additions
- $10,443,317
Expenses & distributions
- Benefits paid
- $4,642,995
- Administrative expenses
- $28,750
- Total expenses
- $4,671,745
- Net increase / (decrease)
- $5,771,572
Reported ratios
Derived only from this plan's own reported figures — comparisons within the filing, not benchmarks, estimates, or national averages.
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Members Capital Advisors Inc | NONE | $28,750 | not reported in the loaded dataset | 2023 |