Plan Ledger DOL Form 5500 · updated monthly

Centrex Distributors, LLC401(k)

CENTREX DISTRIBUTORS, INC. UNION EMPLOYEES' 401(K) PLAN · WEST GREENWICH, RI · plan year 2024

Reported admin expense ratio · 2024
0.01%

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

Centrex Distributors, LLC reported $950 in plan administrative expenses for 2024: 0.01% of average plan assets, lower than ~75% of peers. Employer contributions averaged $2,054 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 fell from 0.02% to 0.01%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other wholesale trade employers. By assets it is among the smaller plans on file in Rhode Island (172nd of 286), and 2,988th of 4,246 in wholesale trade. In 2024, employees put in $1.65 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$9,478,122
Participants with balances131
Active participants106
Employer contributions$217,682
Employee contributions$358,102
Employer contribution per active participant$2,054
Average account balance$72,352
Benefits paid to participants$603,424
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$9.5M · 131 accts · $218K emplr
2023$8.4M · 132 accts · $200K emplr
2022$6.9M · 134 accts · $206K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$950
Total administrative$950
The Centrex Distributors, LLC 401(k) match · 2024
Employer contribution per active participant$2,054
Median for plans this size$1,313
2024$2,054 per active participant
2023$1,942 per active participant
2022$1,877 per active participant

Centrex Distributors, LLC's 2024 employer contribution ran above the $1,313 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20243
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator$950
GLOBAL RETIREMENT PARTNERS LLC · Investment advisory (plan)indirect comp
THE ANGELL PENSION GROUP, INC. · Other servicesindirect comp

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

Administrative cost history3
2024$950 · 0.01%
2023$850 · 0.01%
2022$1,700 · 0.02%
All plans at this employer2
CENTREX DISTRIBUTORS, INC. UNION EMPLOYEES' PENSION PLANMoney purchase plan
CENTREX DISTRIBUTORS, INC. UNION EMPLOYEES' 401(K) PLAN401(k)
Similar plansWholesale Trade · Rhode Island
Momentum Pictures LLC. RI$21.6M · 0.63%
Numark International, Inc RI$18.6M · 0.09%
Arnold Lumber Company, Inc. RI$15.0M · 0.36%
Uncas International, LLC RI$10.5M · 0.05%
Neptune Trading Group RI$5.3M · 1.05%
High Purity New England RI$489K · 0.14%

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Source: U.S. Department of Labor, Form 5500 series, EIN 050427071 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.