Plan Ledger DOL Form 5500 · updated monthly

Central Products, LLC401(k)

CENTRAL RESTAURANT PRODUCTS 401(K) PLAN · INDIANAPOLIS, IN · plan year 2023

Reported admin expense ratio · 2023
0.63%

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

Central Products, LLC reported $90,255 in plan administrative expenses for 2023: 0.63% of average plan assets, higher than ~90% of peers. Employer contributions averaged $2,830 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 1 year on file its reported administrative ratio rose from 0.49% to 0.63%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other wholesale trade employers. By assets it is the 718th-largest of 1,562 plans among Indiana employers on file, and 2,379th of 4,246 in wholesale trade. In 2023, employees put in $3.04 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$14,889,200
Participants with balances157
Active participants132
Employer contributions$373,594
Employee contributions$1,135,720
Employer contribution per active participant$2,830
Average account balance$94,836
Benefits paid to participants$4,279,518
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2023$14.9M · 157 accts · $374K emplr
2022$14.0M · 153 accts · $301K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$58,808
Investment management$31,447
Total administrative$90,255
The Central Products, LLC 401(k) match · 2023
Employer contribution per active participant$2,830
Median for plans this size$2,440
2023$2,830 per active participant
2022$2,020 per active participant

Central Products, LLC's 2023 employer contribution ran above the $2,440 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20232
JOHN HANCOCK RETIREMENT PLAN SERVIC · Recordkeeping · Loan processing$58,808
RAYMOND JAMES & ASSOCIATES · Investment advisory (plan)$31,447

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history2
2023$90,255 · 0.63%
2022$75,292 · 0.49%
Same employer
Similar plansWholesale Trade · Indiana
Trends International, LLC IN$16.7M · 0.46%
National Oil and Gas, Inc. IN$15.5M · 0.29%
Accutemp Products, Inc. IN$15.5M · 0.56%
Brehob Corporation IN$13.7M · 0.45%
Lensing Wholesale Inc. IN$13.2M · 0.39%

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Source: U.S. Department of Labor, Form 5500 series, EIN 030605365 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.