Retirement plan

CENTRAL WELDING SUPPLY, INC. PROFIT SHARING PLAN

Name: CENTRAL WELDING SUPPLY, INC. - CENTRAL WELDING SUPPLY, INC. PROFIT SHARING PLAN (2022) 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 2022

PO BOX 179 - NORTH LAKEWOOD, WA 98359360-658-5617centralwelding.comLinkedIn201-500 employeesmachinery

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$16.9M

-11.5% from 2021

Total participants

419

+14.5% from 2021

Average account balance

$43,635

-28.6% from 2021

Annual return

-12.53%

-37.25 pp from 2021

Benchmarks

See 2,389 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort2,389 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$24.83M

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.

480

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.

93.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.72M

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

+10.92%

Not enough data

1 years with return on file

Admin fee / account holder

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

$90

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 7 by compensation

Provider	Service type	Compensation
USI CONSULTING GROUP5 years Filed as: USI ADVISORS Service code 26 · EIN 06-1397347 95 GLASTONBURY BLVD · GLASTONBURY, CT 06033	Advisory (Participants)	$29,674
USI CONSULTING GROUP5 years Filed as: USI CONSULTING GROUP, INC. Service code 15 · EIN 06-1053228 95 GLASTONBURY BLVD · GLASTONBURY, CT 06033	Recordkeeping	$18,428
CHARLES SCHWAB & CO., INC.7+ years Filed as: CHARLES SCHWAB & CO, INC Service code 18 · EIN 94-1737782	Custodial (other than securities); Sh...	$0
CHARLES SCHWAB & CO., INC.7+ years Filed as: CHARLES SCHWAB & CO. INC. Service code 19	Securities Custodian	$0
CHARLES SCHWAB & CO., INC.7+ years Filed as: CHARLES SCHWAB BANK Service code 19	Securities Custodian	$0
CHARLES SCHWAB & CO., INC.1 year Filed as: CHARLES SCHWAB TRUST BANK Service code 18 · EIN 82-3967259	Custodial (securities); Float revenue...	$0
DWYER PEMBERTON & COULSON PC7+ years Service code 10 · EIN 91-1503183 1940 EAST D STREET SUITE 200 · TACOMA, WA 98421	Accounting	$0

Plan features & details

Pension benefit codes2E2F2G2J3D

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.
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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$48K

$138 / participant

Investment mgmt$30K61.7%
Other / not subdivided$18K38.3%

% of EOY assets

0.284%

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

Metric

This plan

Peer set

Industry

Size

Avg account balance

$43,635

$72,303-39.6%

$86,698-49.7%

$64,819-32.7%

Participation rate

91.1%

80.4%+10.7pp

76.6%+14.5pp

71.5%+19.6pp

Annual return

-12.53%

392.77%-405.3pp

35.95%-48.5pp

32.84%-45.4pp

Employer contribution / active EE

$1,160

$2,393-51.5%

$2,837-59.1%

$2,507-53.7%

Participant deferral / active EE

$2,355

$4,660-49.5%

$4,656-49.4%

$4,311-45.4%

Admin fee / account holder

$124

$174-28.7%

$7,493-98.3%

$188-34.0%

Provider

Service type

Compensation

USI CONSULTING GROUP5 years

Filed as: USI ADVISORS

Service code 26 · EIN 06-1397347

95 GLASTONBURY BLVD · GLASTONBURY, CT 06033

Advisory (Participants)

$29,674

USI CONSULTING GROUP5 years

Filed as: USI CONSULTING GROUP, INC.

Service code 15 · EIN 06-1053228

95 GLASTONBURY BLVD · GLASTONBURY, CT 06033

Recordkeeping

$18,428

CHARLES SCHWAB & CO., INC.7+ years

Filed as: CHARLES SCHWAB & CO, INC

Service code 18 · EIN 94-1737782

Custodial (other than securities); Sh...

CHARLES SCHWAB & CO., INC.7+ years

Filed as: CHARLES SCHWAB & CO. INC.

Service code 19

Securities Custodian

CHARLES SCHWAB & CO., INC.7+ years

Filed as: CHARLES SCHWAB BANK

Service code 19

Securities Custodian

CHARLES SCHWAB & CO., INC.1 year

Filed as: CHARLES SCHWAB TRUST BANK

Service code 18 · EIN 82-3967259

Custodial (securities); Float revenue...

DWYER PEMBERTON & COULSON PC7+ years

Service code 10 · EIN 91-1503183

1940 EAST D STREET SUITE 200 · TACOMA, WA 98421

Accounting

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