401(k) · DOL Form 5500 · 2023

Coastal Federal Credit Union 401(k) Plan

Data updated 2026-08-11

$85M
Total assets: 635
Participants: 90th
Percentile by assets: $133,743
Avg per participant

Official DOL plan name: Coastal Federal Credit Union 401(k) Plan and Trust · Sponsored by Coastal Federal Credit Union · North Carolina · Finance & Insurance

$85M in assets, 635 participants

Coastal Federal Credit Union's Coastal Federal Credit Union 401(k) Plan and Trust reported $85M in total assets and 635 participants in its 2023 DOL Form 5500 filing, ranking in the 90th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.

90th percentile by assets (of 127,072 plans)
#7,527 in Finance & Insurance (8,869 peers)

Where Coastal Federal Credit Union 401(k) Plan and Trust sits by assets

Coastal Federal Credit Union 401(k) Plan and Trust sits in the top 10% of all filed plans by assets, $85M for 635 participants (~$133,743/participant), up 19.7% in 2023.

$85M
total plan assets (2023 EOY): 635
covered participants: 90th
percentile by assets (of 127,072 plans): $133,743
avg assets per participant

Coastal Federal Credit Union 401(k) Plan and Trust reported net income rose from -$11M in the plan year 2022 filing to $14M in the plan year 2023 filing.
Coastal Federal Credit Union 401(k) Plan and Trust end-of-year assets rose from $71M in the plan year 2022 filing to $85M in the plan year 2023 filing.
Coastal Federal Credit Union 401(k) Plan and Trust reported participants rose from 598 in the plan year 2022 filing to 635 in the plan year 2023 filing.

See the national 2022→2023 release diff →

State

North Carolina

Industry

Finance & Insurance

Coastal Federal Credit Union 401(k) Plan and Trust vs the 2023 asset distribution

By assets, Coastal Federal Credit Union 401(k) Plan and Trust outranks 90% of the 127,072 plans that filed a Form 5500 for the 2023 plan year, and holds roughly 0.9x the national average plan size of $100M (721 average participants).

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)	$71M
Net Assets (End of Year)	$85M
Net Income	$14M
Employer EIN	560904243
Plan Effective Date	1986-01-01
Filing Status	FILING RECEIVED

Sponsor Plan History (Coastal Federal Credit Union)

Total plan assets by year, all Coastal Federal Credit Union plans on file

Year	Plans	Participants	Total Assets
2022	2	1,107	$124M
2023	2	1,158	$144M
2024	2	1,199	$149M

Nearby 401(k) Plans in North Carolina

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Coastal Federal Credit Union 401(k) Plan and Trust vs. nearby 401(k) plans in North Carolina, assets vs. participants

The Bank of America 401(k) Plan $54.8B · 173,899
Honeywell 401(k) Plan $15.4B · 40,004
Duke Energy Retirement Savings Plan $10.4B · 28,121
Truist Financial Corporation 401(k) Savings Plan $10.1B · 55,480
Nucor Corporation Profit Sharing and Retirement Savings Plan $8.5B · 24,174

Compare Coastal Federal Credit Union 401(k) Plan… side-by-side with 3 peers →

Similar-Sized 401(k) Plans Nationally

401(k) plans in other states closest to Coastal Federal Credit Union 401(k) Plan and Trust by total assets, not by location.

Uncommon Schools, Inc. 403(b) Plan (NY) $85M · 1,713
Madison Medical Affiliates, Inc. Employees' Balanced Profit Sharing Plan (WI) $85M · 326
Genesis Administrative Services 401(k) Plan #2 (PA) $85M · 3,469
Cornerstone Chemical Co. Employees' Savings Plan (LA) $85M · 264

Frequently Asked Questions

How did Coastal Federal Credit Union 401(k) Plan and Trust assets move in 2023? ▼

Coastal Federal Credit Union 401(k) Plan and Trust grew sharply - up 19.7% during 2023, from $71M to $85M. Reported net income was $14M.

How have Coastal Federal Credit Union plan assets changed over time? ▼

Across 3 plan years on file (2022-2024), Coastal Federal Credit Union's sponsor-wide assets grew 20.4%, from $124M to $149M.

Where does Coastal Federal Credit Union 401(k) Plan and Trust rank by assets among Form 5500 filers? ▼

Coastal Federal Credit Union 401(k) Plan and Trust ranks in the 90th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top 10% of all filed plans by assets).

Which 401(k) plans are similar in size to Coastal Federal Credit Union 401(k) Plan and Trust? ▼

Among 401(k) plans in other states, the closest by assets is Uncommon Schools, Inc. 403(b) Plan in NY ($85M, 1,713 participants).

Next read for Coastal Federal Credit Union 401(k) Plan…

Scale reading

Ways to act on Coastal Federal Credit Union 401(k) Plan and Trust's numbers.

By total assets, Coastal Federal Credit Union 401(k) Plan and Trust ranks in the top 10% of all filed plans by assets. See the largest plans
Compare it side-by-side against 3 similar 401(k) plans in North Carolina. Compare plans
Coastal Federal Credit Union's sponsor-wide assets have grown 20.4% since 2022 across 3 plan years on file. More Finance & Insurance plans

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 560904243.