# Central Specialties, INC. Health & Welfare Plan
Source: https://planprovider.pro/companies/central-specialties-inc-411270987-502

> Central Specialties, INC.'s Health & Welfare plan: 245 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, 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](https://planprovider.pro/provider/dla-piper) — 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|

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