Centimark Corporation 401(k) Review & Grade
Centimark Corporation 401(k) Plan
Canonsburg, PAConstruction2,524 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,789Employer $ per active participant
$6,092Employee $ saved per active participant
0.06%Direct admin cost, % of plan assets
$239.2MNet plan assets, end of year
$122,733Average balance per account
Score breakdown
- Employer generosity32.0 / 5064th percentile for employer $ per participant
- Low cost18.3 / 2573th percentile for low admin cost vs. same-size plans
- Employee saving9.8 / 1565th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score60 / 100 · Grade B
This plan vs. peers
Peers: Construction plans with 2,500–9,999 active participants (76 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 64th |
| Lower admin cost | 73th |
| Employee saving | 65th |
| Peers that auto-enroll | 57% |
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Red flags from the filing
Corrective distributions: the plan refunded $1,086,081 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Centimark put in about $2,789 per active participant, more than the typical peer ($1,965). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $7,039,054 |
| Participant (employee) contributions | $15,372,397 |
| Other contributions (incl. rollovers in) | $800,397 |
| Administrative expenses paid from the plan | $133,561 |
| Contract administrator fees | $900 |
| Investment advisory & management fees | $246,289 |
| Benefits paid out | $18,561,223 |
| Net assets, start / end of year | $205.9M / $239.2M |
| Active participants, start / end of year | 2,495 / 2,552 |
| Participants with account balances | 1,949 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Schneider Downs |
Largest service providers (Schedule C)
| Clarfeld Financial Advisors, LLC | $201,478 reported compensation |
| Strategic Advisors, Inc. | $44,811 reported compensation |
| Fidelity Investments Institutional | −$112,728 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250915102238NAL0000650019001, received 2025-09-15, EIN 25-1194990, plan #005, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.