Retirement plan

CENTRAL BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP AND 401(K) PLAN

Name: CENTRAL BANCSHARES, INC. - CENTRAL BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP AND 401(K) PLAN (2022) Form 5500
Creator: CENTRAL BANCSHARES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CENTRAL BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP AND 401(K) PLAN, CENTRAL BANCSHARES, INC.

CENTRAL BANCSHARES, INC.EIN 74-2194215Plan #003PY 2022

11201 CLAY ROAD - HOUSTON, TX 77041832-485-2300

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$24.2M

-5.1% from 2021

Total participants

179

-46.6% from 2021

Average account balance

$147,571

+34.2% from 2021

Annual return

-9.47%

-24.67 pp from 2021

Benchmarks

See 2,163 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants100-249

Cohort2,163 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$34.67M

Not enough data

1 years with asset history on file

Average account balance

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

$182K

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.

190

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.

96.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.33M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$15K

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

+13.19%

Not enough data

1 years with return on file

Admin fee / account holder

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

$300

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 2 by compensation

Provider	Service type	Compensation
PRIME CAPITAL INVESTMENT ADVISORS2 years Filed as: PRIME CAPITAL INVESTMENT ADVISORS L Service code 27 · EIN 13-2624428 6201 COLLEFE BLVD 7TH FLOOR · OVERLAND PARK, KS 66211	Advisory (Plan)	$24,999
JPMORGAN INVEST HOLDINGS LLC4 years Service code 64 · EIN 13-2624428	Recordkeeping Fees	$18,730

Plan features & details

Pension benefit codes2I2O2Q3I2E2F2H2J2K2S

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).
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2I
Stock bonus
Stock bonus plan.
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.
2O
ESOP other than a leveraged ESOP
Employee stock ownership plan that is not leveraged.
2Q
ESOP maintained by an S corporation
The employer maintaining this ESOP is an S corporation.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
3I
Employer securities investment required
Plan requiring that all or part of employer contributions be invested and held at least for a limited period in employer securities.

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

$83K

$544 / participant

Contract admin$44K52.6%
Other / not subdivided$39K47.4%

% of EOY assets

0.344%

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: CROWE LLP.
Auditor EIN: 350921680
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$147,571

$102,661+43.7%

$151,639-2.7%

$66,938+120.5%

Participation rate

90.2%

85.5%+4.7pp

87.5%+2.7pp

69.8%+20.4pp

Annual return

-9.47%

-10.81%+1.3pp

3.34%-12.8pp

1.58%-11.0pp

Employer contribution / active EE

$3,882

$4,184-7.2%

$6,165-37.0%

$2,545+52.5%

Participant deferral / active EE

$9,660

$6,645+45.4%

$8,363+15.5%

$4,238+127.9%

Admin fee / account holder

$507

$630-19.5%

$11,613-95.6%

$594-14.5%

Provider

Service type

Compensation

PRIME CAPITAL INVESTMENT ADVISORS2 years

Filed as: PRIME CAPITAL INVESTMENT ADVISORS L

Service code 27 · EIN 13-2624428

6201 COLLEFE BLVD 7TH FLOOR · OVERLAND PARK, KS 66211

Advisory (Plan)

$24,999

JPMORGAN INVEST HOLDINGS LLC4 years

Service code 64 · EIN 13-2624428

Recordkeeping Fees

$18,730

CENTRAL BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP AND 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CENTRAL BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP 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