Plan Ledger DOL Form 5500 · updated monthly

Centific Global Solutions, Inc.401(k)

CENTIFIC GLOBAL SOLUTIONS, INC 401(K) PLAN · REDMOND, WA · plan year 2024

Reported admin expense ratio · 2024
0.56%

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

Centific Global Solutions, Inc. reported $123,353 in plan administrative expenses for 2024: 0.56% of average plan assets, higher than ~75% of peers. Employer contributions averaged $632 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 0.70% to 0.56%. 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 the 622nd-largest of 1,714 plans among Washington employers on file, and the 5,030th of 11,654 in professional & technical services. In 2024, employees put in $9.05 for every $1.00 the employer contributed; active participation has grown from 360 to 482 since 2022.

Plan summary
Net assets, end of year$23,161,074
Participants with balances616
Active participants482
Employer contributions$304,489
Employee contributions$2,755,483
Employer contribution per active participant$632
Average account balance$37,599
Benefits paid to participants$3,853,034
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$23.2M · 616 accts · $304K emplr
2023$20.6M · 616 accts · $307K emplr
2022$16.1M · 614 accts · $301K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$70,549
Investment management$52,804
Total administrative$123,353
The Centific Global Solutions, Inc. 401(k) match · 2024
Employer contribution per active participant$632
Median for plans this size$2,416
2024$632 per active participant
2023$809 per active participant
2022$835 per active participant

Centific Global Solutions, Inc.'s 2024 employer contribution ran below the $2,416 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20244
ADP, INC. · Loan processing · Recordkeeping$70,549
RBC · Recordkeeping · Trustee$41,047
RBC USA HOLDCO CORPORATION · Recordkeeping · Trustee$11,757
ADP BROKER-DEALERindirect comp

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

Recordkeeper by year2
2024ADP, RBC, RBC USA HOLDCO CORPORATION
2023ADP, RBC

This plan has changed recordkeepers within these filings. If you left Centific Global Solutions, Inc. before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$123,353 · 0.56%
2023$121,522 · 0.66%
2022$120,931 · 0.70%
Similar plansProfessional & Technical Services · Washington
Keywords US Holdings, Inc. WA$23.6M · 0.71%
Skytap, Inc. WA$23.6M · 0.39%
3MD, Inc. WA$23.5M · 0.57%
98POINT6 Inc. WA$23.4M
Bluetooth Sig Inc WA$23.1M · 0.29%
W. B. Sprague Company, Inc. WA$23.1M · 0.32%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 371533773 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.