Retirement plan

CENTRAL PIPE SUPPLY, INC. PROFIT SHARING AND 401(K) PLAN

Name: CENTRAL PIPE SUPPLY, INC. - CENTRAL PIPE SUPPLY, INC. PROFIT SHARING AND 401(K) PLAN (2023) Form 5500
Creator: CENTRAL PIPE SUPPLY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CENTRAL PIPE SUPPLY, INC. PROFIT SHARING AND 401(K) PLAN, CENTRAL PIPE SUPPLY, INC.

CENTRAL PIPE SUPPLY, INC.EIN 64-0576192Plan #001PY 2023

101 WARE STREET - PEARL, MS 39208601-939-3322centralpipe.comLinkedIn11-50 employeesindustrial automation

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$6.7M

+20.4% from 2022

Total participants

+5.2% from 2022

Average account balance

$115,451

+18.3% from 2022

Annual return

17.10%

+35.68 pp from 2022

Benchmarks

See 9,218 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants25-99

Cohort9,218 peers

Snapshot2023

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Analytics

Total assets (EOY)

Plan-year ending balance

$7.38M

Not enough data

1 years with asset history on file

Average account balance

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

$104K

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.

118.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$478K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+15.76%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2972

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

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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 codes2E2F2G2J2T3B3D

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.
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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
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

$239K

$4788 / participant

Other / not subdivided$239K100.0%

% of EOY assets

3.575%

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: -

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$115,451

$91,538+26.1%

$129,995-11.2%

$75,163+53.6%

Participation rate

94.0%

71.4%+22.6pp

78.5%+15.5pp

67.2%+26.8pp

Annual return

17.10%

-631.11%+648.2pp

-137.18%+154.3pp

160.62%-143.5pp

Employer contribution / active EE

$4,478

$2,845+57.4%

$4,320+3.7%

$2,670+67.7%

Participant deferral / active EE

$3,175

$4,341-26.9%

$5,820-45.5%

$4,125-23.0%

Admin fee / account holder

$4,127

$6,790-39.2%

$10,614-61.1%

$5,651-27.0%

CENTRAL PIPE SUPPLY, INC. PROFIT SHARING AND 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CENTRAL PIPE SUPPLY, INC. PROFIT SHARING AND 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