Centurion Industries, Inc. 401(k) Review & Grade
Centurion Industries, Inc. 401(k) Plan
Garrett, INConstruction1,292 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$578Employer $ per active participant
$4,767Employee $ saved per active participant
0.28%Direct admin cost, % of plan assets
$60.2MNet plan assets, end of year
$36,272Average balance per account
Score breakdown
- Employer generosity9.1 / 5018th percentile for employer $ per participant
- Low cost10.6 / 2542th percentile for low admin cost vs. same-size plans
- Employee saving8.9 / 1559th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score26 / 100 · Grade F
This plan vs. peers
Peers: Construction plans with 500–2,499 active participants (498 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 18th |
| Lower admin cost | 42th |
| Employee saving | 59th |
| Peers that auto-enroll | 44% |
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Red flags from the filing
Benefits not paid when due: the plan reported failing to pay some benefits on time.
Corrective distributions: the plan refunded $9,098 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Centurion Industries put in about $578 per active participant, below the typical peer ($1,672). 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.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- 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 | $747,061 |
| Participant (employee) contributions | $6,161,703 |
| Other contributions (incl. rollovers in) | $114,705 |
| Administrative expenses paid from the plan | $161,017 |
| Investment advisory & management fees | $28,500 |
| Benefits paid out | $6,152,462 |
| Net assets, start / end of year | $52.8M / $60.2M |
| Active participants, start / end of year | 1,192 / 1,393 |
| Participants with account balances | 1,661 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Anders Minkler Huber and Helm LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $132,517 reported compensation |
| Procourse Fiduciary Advisors LLC | $28,500 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250919113704NAL0001059747001, received 2025-09-19, EIN 35-1463465, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.