Coastal Horizons Center, Inc. 401(k) Review & Grade
Coastal Horizons Center, Inc. Profit Sharing Plan
Wilmington, NCHealth Care & Social Assistance530 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,555Employer $ per active participant
$2,079Employee $ saved per active participant
0.56%Direct admin cost, % of plan assets
$15.2MNet plan assets, end of year
$37,125Average balance per account
Score breakdown
- Employer generosity31.4 / 5063th percentile for employer $ per participant
- Low cost4.9 / 2520th percentile for low admin cost vs. same-size plans
- Employee saving6.4 / 1543th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score46 / 100 · Grade C
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 63th |
| Lower admin cost | 20th |
| Employee saving | 43th |
| Peers that auto-enroll | 36% |
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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 Horizons Center put in about $1,555 per active participant, more than the typical peer ($976). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- 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 (0.56% 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.
- 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 | $824,294 |
| Participant (employee) contributions | $1,102,070 |
| Other contributions (incl. rollovers in) | $79,091 |
| Administrative expenses paid from the plan | $77,878 |
| Investment advisory & management fees | $11,952 |
| Benefits paid out | $1,516,725 |
| Net assets, start / end of year | $12.6M / $15.2M |
| Active participants, start / end of year | 432 / 628 |
| Participants with account balances | 410 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Forvis Mazars, LLP |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company | $65,926 reported compensation |
| Wells Fargo Advisors Fin Network LL | $33,550 reported compensation |
| Empower Advisory Group, LLC | $11,952 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251003150210NAL0000868851001, received 2025-10-03, EIN 56-0950370, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.