Retirement plan

CENTRAL MILLING 401 (K) RETIREMENT PLAN

Name: CENTRAL MILLING HOLDINGS, INC. - CENTRAL MILLING 401 (K) RETIREMENT PLAN (2022) Form 5500
Creator: CENTRAL MILLING HOLDINGS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CENTRAL MILLING 401 (K) RETIREMENT PLAN, CENTRAL MILLING HOLDINGS, INC.

CENTRAL MILLING HOLDINGS, INC.EIN 46-3266503Plan #001PY 2022

122 E CENTER STREET - LOGAN, UT 84321435-752-6625centralmilling.comLinkedIn51-200 employeesfood production

Other plans on this EIN

1 filing

#002Retirement-$32.2M assets

Prospect flagsFailed to transmit contributions

How to read this page

Total assets (EOY)

$5.8M

-13.3% from 2021

Total participants

129

+2.4% from 2021

Average account balance

$57,731

-10.7% from 2021

Annual return

-16.67%

-29.82 pp from 2021

Benchmarks

See 936 peers

Peer group

Industry31 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort936 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.19M

Not enough data

1 years with asset history on file

Average account balance

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

$73K

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.

83.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$716K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$23K

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

+11.16%

Not enough data

1 years with return on file

Admin fee / account holder

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

$25

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

1 years with F_SCH_H allocation on file

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

Service providers

Top 3 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: GREAT-WEST LIFE & ANNUITY INS CO Service code 15 · EIN 84-0467907 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping	$12,902
GREAT-WEST LIFE & ANNUITY INSURANCE3 years Filed as: EDWARD D JONES & CO Service code 28 · EIN 43-0345811	Investment Management	$11,158
BLUE CHIP RETIREMENT PLANS, INC.3 years Filed as: BLUE RIDGE ESOP ASSOCIATES Service code 13 · EIN 13-4238973 154 HANSEN RD., SUITE 102 · CHARLOTTESVILLE, VA 22911	Contract Administrator	$700

Plan features & details

Pension benefit codes2E2J2K3D2F2G

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.
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

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$2K

$20 / participant

Contract admin$2K100.0%

% of EOY assets

0.036%

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: COOK MARTIN POULSON, P.C.
Auditor EIN: 870517946
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$57,731

$50,199+15.0%

$69,884-17.4%

$66,938-13.8%

Participation rate

72.6%

66.3%+6.3pp

70.5%+2.2pp

69.8%+2.8pp

Annual return

-16.67%

-13.85%-2.8pp

190.81%-207.5pp

1.58%-18.3pp

Employer contribution / active EE

$1,864-100.0%

$2,560-100.0%

$2,545-100.0%

Participant deferral / active EE

$4,334

$3,112+39.3%

$3,848+12.6%

$4,238+2.3%

Admin fee / account holder

$21

$600-96.5%

$6,266-99.7%

$594-96.5%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: GREAT-WEST LIFE & ANNUITY INS CO

Service code 15 · EIN 84-0467907

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping

$12,902

GREAT-WEST LIFE & ANNUITY INSURANCE3 years

Filed as: EDWARD D JONES & CO

Service code 28 · EIN 43-0345811

Investment Management

$11,158

BLUE CHIP RETIREMENT PLANS, INC.3 years

Filed as: BLUE RIDGE ESOP ASSOCIATES

Service code 13 · EIN 13-4238973

154 HANSEN RD., SUITE 102 · CHARLOTTESVILLE, VA 22911

Contract Administrator

$700

CENTRAL MILLING 401 (K) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CENTRAL MILLING 401 (K) RETIREMENT 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