# Central Specialties, INC. 401(k) Plan
Source: https://planprovider.pro/companies/central-specialties-inc-401k-plan

> Central Specialties, INC.'s 401(k) plan: 407 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/trustage) — NONE

- [BERGANKDV, LTD.](https://planprovider.pro/provider/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|—|—|

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