Retirement plan

CENTRIX INCORPORATED 401(K) PROFIT SHARING PLAN

Name: CENTRIX, INC. - CENTRIX INCORPORATED 401(K) PROFIT SHARING PLAN (2024) Form 5500
Creator: CENTRIX, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CENTRIX INCORPORATED 401(K) PROFIT SHARING PLAN, CENTRIX, INC.

CENTRIX, INC.EIN 06-0864733Plan #002PY 2024

770 RIVER ROAD - SHELTON, CT 06484203-929-5582centrixdental.comLinkedIn51-200 employeesmedical devices

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$16M

+16.7% from 2023

Total participants

114

-1.7% from 2023

Average account balance

$161,495

+23.7% from 2023

Annual return

16.22%

-0.08 pp from 2023

Benchmarks

See 14,159 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants25-99

Cohort14,159 peers

Snapshot2024

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$15.39M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$166K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

102.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$663K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+14.38%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$39312

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

0 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Top 4 by compensation

Provider	Service type	Compensation
FISHER INVESTMENTS1 year Filed as: FISHER ASSET MANAGEMENT, LLC Service code 27 PO BOX 8904 · VANCOUVER, WA 98688	Advisory (Plan)	$62,525
GREAT-WEST LIFE & ANNUITY INSURANCE3 years Filed as: EMPOWER ANNUITY INS CO OF AMERICA Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$20,022
ADP BROKER-DEALER10+ years Filed as: PENSION CONSULTANTS, INC. Service code 13	Contract Administrator	$10,000
ADP BROKER-DEALER3 years Filed as: PENSION CONSULTANTS, INC Service code 13 74 BATTERSON PARK ROAD · FARMINGTON, CT 06032	Contract Administrator	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.

Opportunity flags

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$83K

$955 / participant

Recordkeeping$83K100.0%

% of EOY assets

0.519%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: WALSH & DICKINSON
Auditor EIN: 823222207
Audit fees: $0
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$161,495

$86,940+85.8%

$102,434+57.7%

$80,935+99.5%

Participation rate

82.8%

72.4%+10.4pp

76.5%+6.2pp

67.7%+15.1pp

Annual return

16.22%

18.89%-2.7pp

29.46%-13.2pp

35.66%-19.4pp

Employer contribution / active EE

$2,577

$2,370+8.7%

$3,023-14.8%

$2,757-6.5%

Participant deferral / active EE

$5,467

$4,121+32.7%

$5,055+8.1%

$4,299+27.2%

Admin fee / account holder

$839

$8,047-89.6%

$9,462-91.1%

$6,924-87.9%

Provider

Service type

Compensation

FISHER INVESTMENTS1 year

Filed as: FISHER ASSET MANAGEMENT, LLC

Service code 27

PO BOX 8904 · VANCOUVER, WA 98688

Advisory (Plan)

$62,525

GREAT-WEST LIFE & ANNUITY INSURANCE3 years

Filed as: EMPOWER ANNUITY INS CO OF AMERICA

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$20,022

ADP BROKER-DEALER10+ years

Filed as: PENSION CONSULTANTS, INC.

Service code 13

Contract Administrator

$10,000

ADP BROKER-DEALER3 years

Filed as: PENSION CONSULTANTS, INC

Service code 13

74 BATTERSON PARK ROAD · FARMINGTON, CT 06032

Contract Administrator

CENTRIX INCORPORATED 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CENTRIX INCORPORATED 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion