How much does Central States, Inc. contribute to its ESOP?

In 2023, employer contributions to the Central States, Inc. plan averaged $5,658 per active participant, above the $4,362 median for plans of similar size. Public filings report contribution dollars, not the match formula; the formula is in the plan's summary plan description.

What is the average account balance in the Central States, Inc. 401(k)?

The average participant account balance was $202,554 for plan year 2023, based on 1,621 accounts.

Central States, Inc.ESOP

Name: Central States, Inc. 401(k) plan: Form 5500 data
Creator: U.S. Department of Labor

CENTRAL STATES, INC. EMPLOYEE STOCK OWNERSHIP PLAN · TONTITOWN, AR · plan year 2023

Employer contribution per participant · 2023

$5,658

Central States, Inc.'s 2023 Form 5500 did not separately report plan administrative expenses, which is common where recordkeeping is paid through investment revenue-sharing or a master trust. The plan held $328,340,087 across 1,621 participant accounts, with employer contributions averaging $5,658 per active participant. See methodology for what Form 5500 does and doesn't capture.

The plan sits in the $250M–$1B size bracket, benchmarked here against 2,601 comparable plans and shown alongside other manufacturing employers. By assets it is the 15th-largest of 456 plans among Arkansas employers on file, and the 800th of 13,661 in manufacturing.

Plan summary
Net assets, end of year$328,340,087
Participants with balances1,621
Active participants1,391
Employer contributions$7,869,716
Employee contributions—
Employer contribution per active participant$5,658
Average account balance$202,554
Benefits paid to participants$27,803,596
Plan auditUnmodified (clean) audit opinion
AuditorHOGAN TAYLOR, LLP

Plan history2

Yearassets · accounts · employer contribution

2024$310.6M · 1,536 accts · $7.9M emplr

2023$328.3M · 1,621 accts · $7.9M emplr

Employer contributions to the Central States, Inc. plan · 2023

Employer contribution per active participant$5,658

Median for plans this size$4,362

2024$6,360 per active participant

2023$5,658 per active participant

Central States, Inc.'s 2023 employer contribution ran above the $4,362 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.

Administrative cost history2

2024Not separately reported

2023Not separately reported

All plans at this employer2

CENTRAL STATES MANUFACTURING, INC. 401(K) SAVINGS PLAN401(k)

CENTRAL STATES, INC. EMPLOYEE STOCK OWNERSHIP PLANESOP

Same employer

Central States, Inc.'s health & benefits plan: carriers, premiums & broker pay

Similar plansManufacturing · Arkansas
Mountaire Corporation AR$439.9M · 0.20%
Cmi Reorganization Holdings, Inc. AR$351.5M · 0.01%
Central States Manufacturing, Inc. AR$282.1M
Simmons Foods, Inc. AR$186.9M · 0.20%
Central Moloney, Inc. AR$177.1M · 0.00%
Lexicon Management Group, Inc. AR$82.5M · 0.10%

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Source: U.S. Department of Labor, Form 5500 series, EIN 384304274 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.