Plan Ledger DOL Form 5500 · updated monthly

Central Distributors, Inc.401(k)

CENTRAL DISTRIBUTORS, INC. EMPLOYEE SAVINGS PLAN · LEWISTON, ME · plan year 2022

Reported admin expense ratio · 2022
0.13%

Peer grade: B · admin costs + employer contributions vs same-size plans · how grading works

Central Distributors, Inc. reported $16,600 in plan administrative expenses for 2022: 0.13% of average plan assets, below the peer median. Employer contributions averaged $1,508 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio rose from 0.13% to 0.22%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,806 comparable plans and shown alongside other wholesale trade employers. By assets it is among the smaller plans on file in Maine (215th of 354), and 2,803rd of 4,246 in wholesale trade. In 2022, employees put in $1.23 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$10,878,641
Participants with balances170
Active participants113
Employer contributions$170,379
Employee contributions$209,586
Employer contribution per active participant$1,508
Average account balance$63,992
Benefits paid to participants$2,311,453
Plan auditUnmodified (clean) audit opinion
AuditorOUELLETTE & ASSOCIATES
Plan history3
Yearassets · accounts · employer contribution
2024$10.4M · 197 accts · $188K emplr
2023$9.1M · 181 accts · $178K emplr
2022$10.9M · 170 accts · $170K emplr
Administrative expenses, itemized · 2022
Professional / advisory$16,600
Total administrative$16,600
The Central Distributors, Inc. 401(k) match · 2022
Employer contribution per active participant$1,508
Median for plans this size$2,266
2024$1,323 per active participant
2023$1,474 per active participant
2022$1,508 per active participant

Central Distributors, Inc.'s 2022 employer contribution ran below the $2,266 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Recordkeeper by year2
2024Vanguard
2023Vanguard

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Administrative cost history3
2024$20,980 · 0.22%
2023$17,332 · 0.17%
2022$16,600 · 0.13%
Same employer
Similar plansWholesale Trade · Maine
W.D. Matthews Machinery Co. ME$14.7M · 0.07%
R. H. Foster Energy, LLC ME$14.6M · 0.72%
C.N. Brown Company ME$14.6M · 0.60%
National Distributors, Inc. ME$14.1M · 0.42%
Parrish Tire Company NC$10.9M · 0.56%
Design Air, LLC WI$10.9M · 0.36%

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Source: U.S. Department of Labor, Form 5500 series, EIN 010042570 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.