Plan Ledger DOL Form 5500 · updated monthly

Centronia401(k)

CENTRONIA 401(K) PLAN · WASHINGTON, DC · plan year 2023

Reported admin expense ratio · 2023
1.23%

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

Centronia reported $24,012 in plan administrative expenses for 2023: 1.23% of average plan assets, higher than ~90% of peers. Employer contributions averaged $571 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 1.08% to 1.23%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other educational services employers. By assets it is among the smaller plans on file in District of Columbia (570th of 618), and 2,842nd of 3,091 in educational services. In 2023, employees put in $1.55 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$2,091,004
Participants with balances90
Active participants183
Employer contributions$104,543
Employee contributions$162,267
Employer contribution per active participant$571
Average account balance$23,233
Benefits paid to participants$252,945
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2023$2.1M · 90 accts · $105K emplr
2022$1.8M · 100 accts · $86K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$8,128
Investment management$15,884
Total administrative$24,012
The Centronia 401(k) match · 2023
Employer contribution per active participant$571
Median for plans this size$1,308
2023$571 per active participant
2022$505 per active participant

Centronia's 2023 employer contribution ran below the $1,308 median for plans its size, in the bottom 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20232
RETIREMENT PLANNERS & ADMINISTRATOR · Recordkeeping$8,128
UNITED BANK · Trustee · Investment advisory (plan)$15,884

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$24,012 · 1.23%
2022$22,112 · 1.08%
Same employer
Similar plansEducational Services · District of Columbia
Health Management, Inc. DC$2.7M · 1.19%
Potomac College, LLC DC$2.1M · 0.89%

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Source: U.S. Department of Labor, Form 5500 series, EIN 251689720 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.