Plan Snapshot
- Plan Sponsor: Central Specialties, INC.
- Sponsor EIN: 411270987
- Sponsor Address: 6325 COUNTY ROAD 87 SW, ALEXANDRIA, MN, 563085361
- Plan Type: 401(k)
- Total Participants: 407
- Total Assets: $54.9M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 407 | $54.9M | $8.4M | $1.5M |
| 2023 | 409 | $47.0M | $5.0M | $1.3M |
| 2022 | 374 | $40.1M | $4.9M | $1.2M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| CPI QUALIFIED PLAN CONSULTANTS, INC | NONE | $61,968 | — | $61,968 |
| CETERA INVESTMENT SERVICES LLC | NONE | $49,215 | — | $49,215 |
| IMPACT RETIREMENT ADVISORS LLC | NONE | $20,199 | — | $20,199 |
| BERGANKDV, LTD. | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- CPI QUALIFIED PLAN CONSULTANTS, INC — NONE
- BERGANKDV, LTD. — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $131,382
- Estimated Expense Ratio: 0.239% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $139,835 | $77,867 | $29,339 | — | — |
| 2023 | $180,856 | $121,157 | $22,725 | — | — |
| 2022 | $135,382 | $79,285 | $56,097 | — | — |