Centric Consulting, LLC 401(k) Review & Grade
Centric Consulting, LLC 401 (K) Profit Sharing Plan & Trust
Union, KYProfessional, Scientific & Technical Services732 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,398Employer $ per active participant
$13,165Employee $ saved per active participant
0.09%Direct admin cost, % of plan assets
$118.0MNet plan assets, end of year
$142,124Average balance per account
Score breakdown
- Employer generosity12.6 / 5025th percentile for employer $ per participant
- Low cost19.1 / 2576th percentile for low admin cost vs. same-size plans
- Employee saving12.1 / 1581th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score47 / 100 · Grade C
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 25th |
| Lower admin cost | 76th |
| Employee saving | 81th |
| Peers that auto-enroll | 48% |
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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 Consulting put in about $1,398 per active participant, below the typical peer ($3,082). Any match is still an instant return, so contribute enough to get all of it.
- 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 | $1,023,498 |
| Participant (employee) contributions | $9,636,928 |
| Other contributions (incl. rollovers in) | $2,309,556 |
| Administrative expenses paid from the plan | $99,605 |
| Benefits paid out | $15,431,635 |
| Net assets, start / end of year | $103.1M / $118.0M |
| Active participants, start / end of year | 761 / 703 |
| Participants with account balances | 830 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | MH CPA PLLC |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | −$107,067 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250827103046NAL0009287793001, received 2025-08-27, EIN 31-1776636, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.