Plan Snapshot
- Plan Sponsor: Central Specialties, INC.
- Sponsor EIN: 411270987
- Sponsor Address: 6325 COUNTY ROAD 87 SW, ALEXANDRIA, MN, 56308
- Plan Type: Health & Welfare
- Plan Number: 502
- Total Participants: 245
- Total Assets: $2.5M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 245 | $2.5M | $963,776 | $0 |
| 2023 | 297 | $3.9M | $2.4M | $140,552 |
| 2022 | 268 | $3.4M | $2.0M | $64,073 |
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 |
|---|---|---|---|---|
| GOVERNMENT SERVICE ADMINISTRATORS | Other Service Provider | $72,966 | — | $72,966 |
| WEX INC | ERISA Attorney | $30,111 | — | $30,111 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- WEX INC — ERISA Attorney
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $103,077
- Estimated Expense Ratio: 4.201% 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 | $128,832 | — | — | — | — |
| 2023 | $126,372 | — | — | — | — |
| 2022 | $114,427 | — | — | — | $17,079 |