Retirement plan

CENTRAL WELDING SUPPLY, INC. PROFIT SHARING PLAN

Name: CENTRAL WELDING SUPPLY, INC. - CENTRAL WELDING SUPPLY, INC. PROFIT SHARING PLAN (2024) Form 5500
Creator: CENTRAL WELDING SUPPLY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CENTRAL WELDING SUPPLY, INC. PROFIT SHARING PLAN, CENTRAL WELDING SUPPLY, INC.

CENTRAL WELDING SUPPLY, INC.EIN 91-0939329Plan #002PY 2024

PO BOX 179 - NORTH LAKEWOOD, WA 98359360-454-5540centralwelding.comLinkedIn201-500 employeesmachinery

Prospect flagsLow participant contribution

How to read this page

Total assets (EOY)

$23.3M

+22.1% from 2023

Total participants

503

+8.6% from 2023

Average account balance

$50,120

+14.8% from 2023

Annual return

17.56%

+9.54 pp from 2023

Benchmarks

See 2,379 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort2,379 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$23.26M

Not enough data

1 years with asset history on file

Average account balance

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

$50K

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.

464

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.

90.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.51M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+17.56%

Not enough data

1 years with return on file

Admin fee / account holder

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

$111

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 6 by compensation

Provider	Service type	Compensation
USI CONSULTING GROUP2 years Filed as: USI ADVISORS, INC. Service code 26 · EIN 06-1397347	Advisory (Participants)	$27,500
USI CONSULTING GROUP2 years Service code 15 · EIN 06-1053228	Recordkeeping	$24,160
CHARLES SCHWAB & CO., INC.2 years Filed as: CHARLES SCHWAB & CO. Service code 18 · EIN 94-1737782	Custodial (other than securities); Sh...	$0
CHARLES SCHWAB & CO., INC.2 years Service code 19	Securities Custodian	$0
CHARLES SCHWAB & CO., INC.9+ years Filed as: CHARLES SCHWAB BANK Service code 18 · EIN 82-3967259	Custodial (securities); Float revenue...	$0
CHARLES SCHWAB & CO., INC.3 years Filed as: CHARLES SCHWAB TRUST BANK Service code 19	Securities Custodian	$0

Plan features & details

Pension benefit codes2E2F2G2J2T3C3D

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.
3C
Plan not intended to be qualified
A plan not intended to be qualified under Code sections 401 403 or 408.
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

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$52K

$130 / participant

Recordkeeping$24K46.8%
Investment mgmt$28K53.2%

% of EOY assets

0.222%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: DWYER PEMBERTON & COULSON PC
Auditor EIN: 911503183
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$50,120

$89,123-43.8%

$102,460-51.1%

$77,762-35.5%

Participation rate

90.2%

80.9%+9.2pp

76.5%+13.6pp

70.6%+19.6pp

Annual return

17.56%

25.05%-7.5pp

29.47%-11.9pp

31.27%-13.7pp

Employer contribution / active EE

$1,199

$2,700-55.6%

$3,025-60.3%

$2,728-56.0%

Participant deferral / active EE

$2,607

$5,148-49.4%

$5,056-48.4%

$4,651-43.9%

Admin fee / account holder

$111

$236-52.8%

$9,460-98.8%

$433-74.3%

Provider

Service type

Compensation

USI CONSULTING GROUP2 years

Filed as: USI ADVISORS, INC.

Service code 26 · EIN 06-1397347

Advisory (Participants)

$27,500

USI CONSULTING GROUP2 years

Service code 15 · EIN 06-1053228

Recordkeeping

$24,160

CHARLES SCHWAB & CO., INC.2 years

Filed as: CHARLES SCHWAB & CO.

Service code 18 · EIN 94-1737782

Custodial (other than securities); Sh...

CHARLES SCHWAB & CO., INC.2 years

Service code 19

Securities Custodian

CHARLES SCHWAB & CO., INC.9+ years

Filed as: CHARLES SCHWAB BANK

Service code 18 · EIN 82-3967259

Custodial (securities); Float revenue...

CHARLES SCHWAB & CO., INC.3 years

Filed as: CHARLES SCHWAB TRUST BANK

Service code 19

Securities Custodian

CENTRAL WELDING SUPPLY, INC. PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CENTRAL WELDING SUPPLY, INC. 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