Coastal Federal Credit Union 401(k) Plan: Login, Facts & Contact Information

Coastal Federal Credit Union 401(k) Plan Facts

Plan name
COASTAL FEDERAL CREDIT UNION 401(K) PLAN AND TRUST
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
COASTAL FEDERAL CREDIT UNION
Participants
788 (613 active employees)
Former employees with a balance
145
Plan assets
$89,278,693 at Dec 31, 2024
Average account balance
$119,038 across 750 accounts
Employer contributions
$2,467,745 in plan year 2024 (34% of all contributions)
Recordkeeper
Cmfg Life Insurance Company
Plan year
Jan 1, 2024 – Dec 31, 2024
Plan established
Jan 1, 1986
✓ Employer contributions✓ Automatic enrollment✓ Default investment for undecided participants✓ Participants choose their own investments— Self-directed brokerage window✓ Profit sharing— Company stock (ESOP)

Source: Form 5500 for plan year 2024 (Jan 1, 2024 – Dec 31, 2024), filed Sep 30, 2025. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2024

  • $7.27 million went into the plan in contributions, $2.47 million of it from the employer (34%).
  • $13.6 million was paid out to participants.
  • Investment and other income added $10.9 million.
  • Administrative expenses were $232,103, about $309 per account.

How the Coastal Federal Credit Union 401(k) changed, 2019–2024

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2019627$57.2 million$1.84 million$3.07 million
2020660$68.2 million$2.10 million$2.83 million
2021683$82.0 million$2.24 million$3.53 million
2022721$71.0 million$2.34 million$6.61 million
2023773$84.9 million$2.51 million$4.30 million
2024788$89.3 million$2.47 million$13.6 million

Coastal Federal Credit Union 401(k) Contact Information

Phone
919-420-8000
Mailing address
PO BOX 58429, RALEIGH NC 276588429
Plan sponsor
COASTAL FEDERAL CREDIT UNION
Employer identification number (EIN)
56-0904243
Plan number
002

Questions about the Coastal Federal Credit Union 401(k)

Does Coastal Federal Credit Union contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2024 the employer contributed $2.47 million, 34% of all contributions.

Does the Coastal Federal Credit Union 401(k) have automatic enrollment?

Yes. The plan reports automatic enrollment of eligible employees.

How many people are in the Coastal Federal Credit Union 401(k) plan?

788 participants at the start of plan year 2024, 613 of them active employees, and 145 former employees who still had money in the plan.

What is the average 401(k) balance at Coastal Federal Credit Union?

About $119,038 per account: $89.3 million in plan assets across 750 accounts with a balance at the end of plan year 2024.

Who manages the Coastal Federal Credit Union 401(k) accounts?

CMFG LIFE INSURANCE COMPANY is the plan's recordkeeper, which is where participants log in to see their balance.

I no longer work at Coastal Federal Credit Union. How do I access my 401(k)?

Your account stays with CMFG LIFE INSURANCE COMPANY after you leave, so you can log in with the same credentials. If your balance was small, the plan may have rolled it into an IRA in your name. If you can't find it, Beagle can locate it for you.

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