Centric Brands Holding LLC 401(k) Review & Grade
Centric Brands 401(k) Plan
New York, NYWholesale Trade1,424 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$3,440Employer $ per active participant
$7,028Employee $ saved per active participant
0.06%Direct admin cost, % of plan assets
$180.9MNet plan assets, end of year
$121,062Average balance per account
Score breakdown
- Employer generosity39.5 / 5079th percentile for employer $ per participant
- Low cost20.8 / 2583th percentile for low admin cost vs. same-size plans
- Employee saving11.9 / 1579th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score75 / 100 · Grade A
This plan vs. peers
Peers: Wholesale Trade plans with 500–2,499 active participants (603 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 79th |
| Lower admin cost | 83th |
| Employee saving | 79th |
| Peers that auto-enroll | 53% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Centric Brands Holding put in about $3,440 per active participant, more than the typical peer ($1,792). 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 | $4,896,432 |
| Participant (employee) contributions | $10,004,275 |
| Other contributions (incl. rollovers in) | $2,294,304 |
| Administrative expenses paid from the plan | $105,691 |
| Investment advisory & management fees | $68,328 |
| Benefits paid out | $11,525,965 |
| Net assets, start / end of year | $152.5M / $180.9M |
| Active participants, start / end of year | 1,356 / 1,491 |
| Participants with account balances | 1,494 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Cbiz Cpas P.C. |
Largest service providers (Schedule C)
| Strategic Advisors, Inc. | $68,328 reported compensation |
| Cbiz Cpas P.C. | $23,100 reported compensation |
| Fidelity Investments Institutional | $14,608 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250806133507NAL0003853072001, received 2025-08-06, EIN 83-1363107, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.