Retirement plan

CENTRAL METALS/ROMA STEEL NON-UNION 401(K) PLAN

Name: CENTRAL METALS, INC. - CENTRAL METALS/ROMA STEEL NON-UNION 401(K) PLAN (2024) Form 5500
Creator: CENTRAL METALS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CENTRAL METALS/ROMA STEEL NON-UNION 401(K) PLAN, CENTRAL METALS, INC.

CENTRAL METALS, INC.EIN 22-2384551Plan #002PY 2024

1054 S. 2ND STREET - CAMDEN, NJ 08103856-963-5844centralmetals.comLinkedIn51-200 employeesconstruction

Other plans on this EIN

1 filing

#003Retirement-$1.1M assets

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$7.9M

+8.2% from 2023

Total participants

+3.0% from 2023

Average account balance

$239,489

-4.9% from 2023

Annual return

10.37%

+0.38 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

$7.90M

Not enough data

1 years with asset history on file

Average account balance

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

$239K

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.

113.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$618K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$21K

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

+10.37%

Not enough data

1 years with return on file

Admin fee / account holder

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

$25509

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

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2G2J3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$842K

$29028 / participant

Other / not subdivided$842K100.0%

% of EOY assets

10.652%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$239,489

$86,940+175.5%

$102,434+133.8%

$80,935+195.9%

Participation rate

96.6%

72.4%+24.2pp

76.5%+20.0pp

67.7%+28.9pp

Annual return

10.37%

18.89%-8.5pp

29.46%-19.1pp

35.66%-25.3pp

Employer contribution / active EE

$17,241

$2,370+627.6%

$3,023+470.3%

$2,757+525.4%

Participant deferral / active EE

$4,075

$4,121-1.1%

$5,055-19.4%

$4,299-5.2%

Admin fee / account holder

$25,509

$8,047+217.0%

$9,462+169.6%

$6,924+268.4%

CENTRAL METALS/ROMA STEEL NON-UNION 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CENTRAL METALS/ROMA STEEL NON-UNION 401(K) 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