Retirement plan

CENTURY TOOL & GAGE COMPANY PROFIT SHARING PLAN

Name: CENTURY TOOL & GAGE COMPANY - CENTURY TOOL & GAGE COMPANY PROFIT SHARING PLAN (2024) Form 5500
Creator: CENTURY TOOL & GAGE COMPANY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CENTURY TOOL & GAGE COMPANY PROFIT SHARING PLAN, CENTURY TOOL & GAGE COMPANY

CENTURY TOOL & GAGE COMPANYEIN 38-2031081Plan #001PY 2024

200 SOUTH ALLOY DRIVE - FENTON, MI 48430810-629-0784centurytool.comLinkedIn11-50 employeesautomotive

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$6.1M

+1.0% from 2023

Total participants

141

-7.8% from 2023

Average account balance

$52,114

-2.4% from 2023

Annual return

10.47%

-5.86 pp from 2023

Benchmarks

See 4,101 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort4,101 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$6.15M

Not enough data

1 years with asset history on file

Average account balance

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

$52K

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.

118

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.

109.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$784K

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

+10.47%

Not enough data

1 years with return on file

Admin fee / account holder

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

$11730

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 codes2E2G2J3D2T2R

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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

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

$1.4M

$12816 / participant

Other / not subdivided$1M100.0%

% of EOY assets

22.508%

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

$52,114

$79,209-34.2%

$102,434-49.1%

$74,459-30.0%

Participation rate

78.7%

74.8%+3.9pp

76.5%+2.2pp

67.2%+11.5pp

Annual return

10.47%

54.98%-44.5pp

29.46%-19.0pp

1369.70%-1359.2pp

Employer contribution / active EE

$3,702

$2,362+56.7%

$3,023+22.5%

$2,626+41.0%

Participant deferral / active EE

$3,557

$4,417-19.5%

$5,055-29.6%

$4,350-18.2%

Admin fee / account holder

$11,730

$2,002+486.0%

$9,462+24.0%

$1,945+503.2%

CENTURY TOOL & GAGE COMPANY PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CENTURY TOOL & GAGE COMPANY 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