Compression posts are right under the mast between the keel and the underside of the deck, at least they are suppose to be.

At that point the deck should be solid
fiberglass or cored with solid
wood.
One of the problems with the old wooden boats is that area under the mast would
rot out and compromise the rigging. Todays boats are built so that area should be one of the strongest
parts of the boat.
One of the problems with keel stepped masts is that the deck around the mast will start to bow upward when heeling over.The shrouds start squeezing the
hull together bulging the deck. So, to compensate, a draw bar (brain fart-can't remember the name) is attached between the keel and a deck plate, keeping the deck from rising up when the shrouds are pulling on the chain plates.
Some boats have a bulkhead fairly close to the mast, which helps to support the deck and to keep the
hull from squeezing together. My bulkhead is 18" + or - but I still have the draw bar as extra strength. But when she's heeled over 35 degrees I can see the deck around the mast moving. I can see the boot working up/down. If I take this boat
offshore I'm cutt'n the mast and steping it over a mahogany post. One hand carved like from the
Philippines.............................._/)
BTW the base of a deck stepped mast should be trapped by a casting made to fit the mast and bolted to the deck.