Hoban Associates DBA Coast Prope 401(k) Review & Grade
Hoban & Associates Inc, LLC Coast Property Management 401(k) Plan
Everett, WAReal Estate & Rental1,610 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$59Employer $ per active participant
$370Employee $ saved per active participant
0.78%Direct admin cost, % of plan assets
$4.5MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity2.2 / 504th percentile for employer $ per participant
- Low cost2.6 / 2511th percentile for low admin cost vs. same-size plans
- Employee saving0.2 / 151th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score8 / 100 · Grade F
This plan vs. peers
Peers: Real Estate & Rental plans with 500–2,499 active participants (291 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 4th |
| Lower admin cost | 11th |
| Employee saving | 1th |
| Peers that auto-enroll | 47% |
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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
- Hoban Associates DBA Coast Prope put in about $59 per active participant, below the typical peer ($1,279). 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 (0.78% 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 | $95,289 |
| Participant (employee) contributions | $596,070 |
| Other contributions (incl. rollovers in) | $262,392 |
| Administrative expenses paid from the plan | $36,390 |
| Investment advisory & management fees | $1,469 |
| Benefits paid out | $1,905,566 |
| Net assets, start / end of year | $4.9M / $4.5M |
| Active participants, start / end of year | 2,786 / 433 |
| Participants with account balances | 222 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Sweeney Conrad |
Largest service providers (Schedule C)
| Adp, Inc. | $1,965 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20260903051120NAL0010312625001, received 2026-09-03, EIN 91-1476354, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.