Retirement plan

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

Name: CENTRAL METALS, INC. - CENTRAL METALS/ROMA STEEL NON-UNION 401(K) PLAN (2022) 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 2022

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

Other plans on this EIN

1 filing

#003Retirement-$873K assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$6.9M

-8.4% from 2021

Total participants

0.0% from 2021

Average account balance

$223,525

-8.4% from 2021

Annual return

-12.71%

-20.70 pp from 2021

Benchmarks

See 14,496 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants25-99

Cohort14,496 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$9.59M

Not enough data

1 years with asset history on file

Average account balance

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

$282K

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.

125.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$533K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$20K

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

+14.93%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2974

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

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

$179K

$6397 / participant

Other / not subdivided$179K100.0%

% of EOY assets

2.585%

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

$223,525

$71,872+211.0%

$86,691+157.8%

$68,495+226.3%

Participation rate

96.4%

72.2%+24.2pp

76.6%+19.8pp

67.9%+28.5pp

Annual return

-12.71%

3.53%-16.2pp

35.94%-48.7pp

-7.84%-4.9pp

Employer contribution / active EE

$10,714

$2,173+393.1%

$2,837+277.7%

$2,596+312.6%

Participant deferral / active EE

$3,799

$3,779+0.5%

$4,656-18.4%

$4,028-5.7%

Admin fee / account holder

$5,778

$6,112-5.5%

$7,492-22.9%

$5,403+6.9%

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