Retirement plan

CENTRAL WELDING SUPPLY, INC. PROFIT SHARING PLAN

Name: CENTRAL WELDING SUPPLY, INC. - CENTRAL WELDING SUPPLY, INC. PROFIT SHARING PLAN (2023) 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 2023

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

Prospect flagsLow returns

How to read this page

Total assets (EOY)

$19M

+12.5% from 2022

Total participants

463

+10.5% from 2022

Average account balance

$43,673

+0.1% from 2022

Annual return

8.01%

+20.55 pp from 2022

Benchmarks

See 2,423 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort2,423 peers

Snapshot2023

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 6 by compensation

Provider	Service type	Compensation
USI CONSULTING GROUP1 year Filed as: USI ADVISORS, INC. Service code 26 · EIN 06-1397347	Advisory (Participants)	$27,500
USI CONSULTING GROUP1 year Service code 15 · EIN 06-1053228	Recordkeeping	$23,417
CHARLES SCHWAB & CO., INC.2 years Filed as: CHARLES SCHWAB TRUST BANK Service code 19	Securities Custodian	$5,183
CHARLES SCHWAB & CO., INC.1 year Filed as: CHARLES SCHWAB & CO. Service code 18 · EIN 94-1737782	Custodial (securities); Custodial (ot...	$0
CHARLES SCHWAB & CO., INC.1 year Service code 19	Securities Custodian	$0
CHARLES SCHWAB & CO., INC.8+ years Filed as: CHARLES SCHWAB BANK Service code 18 · EIN 82-3967259	Custodial (other than securities); In...	$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

1 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$51K

$140 / participant

Investment mgmt$28K54.0%
Other / not subdivided$23K46.0%

% of EOY assets

0.267%

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

$43,673

$99,168-56.0%

$96,534-54.8%

$74,460-41.3%

Participation rate

92.6%

80.7%+11.9pp

76.0%+16.6pp

70.7%+21.8pp

Annual return

8.01%

22.40%-14.4pp

25.88%-17.9pp

34.38%-26.4pp

Employer contribution / active EE

$1,264

$2,570-50.8%

$2,965-57.4%

$2,638-52.1%

Participant deferral / active EE

$2,578

$4,936-47.8%

$4,851-46.8%

$4,530-43.1%

Admin fee / account holder

$117

$225-48.1%

$8,253-98.6%

$348-66.4%

Provider

Service type

Compensation

USI CONSULTING GROUP1 year

Filed as: USI ADVISORS, INC.

Service code 26 · EIN 06-1397347

Advisory (Participants)

$27,500

USI CONSULTING GROUP1 year

Service code 15 · EIN 06-1053228

Recordkeeping

$23,417

CHARLES SCHWAB & CO., INC.2 years

Filed as: CHARLES SCHWAB TRUST BANK

Service code 19

Securities Custodian

$5,183

CHARLES SCHWAB & CO., INC.1 year

Filed as: CHARLES SCHWAB & CO.

Service code 18 · EIN 94-1737782

Custodial (securities); Custodial (ot...

CHARLES SCHWAB & CO., INC.1 year

Service code 19

Securities Custodian

CHARLES SCHWAB & CO., INC.8+ years

Filed as: CHARLES SCHWAB BANK

Service code 18 · EIN 82-3967259

Custodial (other than securities); In...

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