Plan Ledger DOL Form 5500 · updated monthly

Centri Business Consulting, LLC401(k)

CENTRI BUSINESS CONSULTING, LLC 401(K) PROFIT SHARING PLAN · PHILADEPHIA, PA · plan year 2024

Reported admin expense ratio · 2024
0.55%

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

Centri Business Consulting, LLC reported $65,345 in plan administrative expenses for 2024: 0.55% of average plan assets, higher than ~75% of peers. Employer contributions averaged $5,793 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 fell from 0.61% to 0.55%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in Pennsylvania (1,945th of 3,651), and 6,844th of 11,654 in professional & technical services. In 2024, employees put in $1.83 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$13,940,875
Participants with balances230
Active participants187
Employer contributions$1,083,216
Employee contributions$1,980,080
Employer contribution per active participant$5,793
Average account balance$60,613
Benefits paid to participants$1,489,792
Plan auditUnmodified (clean) audit opinion
AuditorWIPFLI LLP
Plan history2
Yearassets · accounts · employer contribution
2024$13.9M · 230 accts · $1.1M emplr
2023$9.9M · 183 accts · $962K emplr
The Centri Business Consulting, LLC 401(k) match · 2024
Employer contribution per active participant$5,793
Median for plans this size$2,416
2024$5,793 per active participant
2023$5,829 per active participant

Centri Business Consulting, LLC's 2024 employer contribution ran above the $2,416 median for plans its size, placing it in the top quarter of its peers. 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 · Loan processing$28,326
MERRILL LYNCH PIERCE FENNER & SMITH · Pension consulting · Investment advisory (plan)$26,896
N.A. FALCONE & ASSOCIATES, INC. · Contract administrator · Other services$2,290

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

Administrative cost history2
2024$65,345 · 0.55%
2023$49,011 · 0.61%
Same employer
Similar plansProfessional & Technical Services · Pennsylvania
Ssm Group, Inc. PA$14.0M · 0.42%
M.J. McTish & Associates PA$13.6M · 0.18%
Evervet Operations, LLC PA$13.2M · 1.16%

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Source: U.S. Department of Labor, Form 5500 series, EIN 463807387 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.