401k Record

Employers › Central Bankshares

Central Bankshares 401(k)

Administrative expenses excluding investment management, per participant · Central Retirement Savings Plans and Trust Agreement · plan year 2024

$10.40

Higher than 6% of the 8,758 plans $50 to 250M that report it.

Source

= $5,950 / 572
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250728122805NAL0001532977001, received 2025-07-28
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250728122805NAL0001532977001, received 2025-07-28

10th: $16.21median $93.2090th: $246.84

Percentiles compare this plan with the Schedule H plans $50 to 250M in assets of the same plan year, excluding final filings; shown only where at least 50 comparable plans report the figure. Plan year 2024-01-01 to 2024-12-31, filing received 2025-07-28.

Cost and contributions

Recordkeeping fees per participant

not reported

Not reported on this filing.

Administrative expenses per participant

$32.69

10th: $29.39median $132.8490th: $350.58

Higher than 11% of the 9,042 plans $50 to 250M that report it.

Source

= $18,700 / 572
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250728122805NAL0001532977001, received 2025-07-28
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250728122805NAL0001532977001, received 2025-07-28

Administrative expenses as a share of assets

0.017%

10th: 0.022%median 0.136%90th: 0.326%

Higher than 8% of the 9,049 plans $50 to 250M that report it.

Source

= $18,700 / $109,975,901
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250728122805NAL0001532977001, received 2025-07-28
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250728122805NAL0001532977001, received 2025-07-28

Employer contributions per participant

$3,755

10th: $965median $2,73890th: $8,164

Higher than 66% of the 9,105 plans $50 to 250M that report it.

Source

= $2,147,680 / 572
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250728122805NAL0001532977001, received 2025-07-28
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250728122805NAL0001532977001, received 2025-07-28

Employer share of total contributions

35.0%

10th: 15.6%median 29.5%90th: 50.6%

Higher than 67% of the 9,112 plans $50 to 250M that report it.

Source

= $2,147,680 / $6,139,664
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250728122805NAL0001532977001, received 2025-07-28
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250728122805NAL0001532977001, received 2025-07-28

Plan terms, as stated in Central Bankshares, Inc.'s SEC filings

Plan terms are not published in public filings.

Plan features

2E profit-sharing · 2F ERISA 404(c) plan · 2G fully participant-directed · 2J 401(k) feature · 2K 401(m) arrangement · 2T default investment (QDIA) · 3H controlled-group sponsor · 3D IRS pre-approved plan · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20250728122805NAL0001532977001, received 2025-07-28

Full record, Central Retirement Savings Plans and Trust Agreement

FieldValueSource
Plan sponsorCENTRAL BANKSHARES, INC.Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20250728122805NAL0001532977001, received 2025-07-28
Plan nameCENTRAL RETIREMENT SAVINGS PLANS AND TRUST AGREEMENTForm 5500, line 1a; PLAN_NAME pos 16; filing 20250728122805NAL0001532977001, received 2025-07-28
Sponsor EIN / plan number61-1247980 / 003Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20250728122805NAL0001532977001, received 2025-07-28
Plan typesingle-employerForm 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20250728122805NAL0001532977001, received 2025-07-28
Sponsor locationLEXINGTON, KYForm 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20250728122805NAL0001532977001, received 2025-07-28
Industry (business code)522110, Finance and insuranceForm 5500, line 2d; BUSINESS_CODE pos 46; filing 20250728122805NAL0001532977001, received 2025-07-28
Plan year2024-01-01 to 2024-12-31Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20250728122805NAL0001532977001, received 2025-07-28
Filing received2025-07-28Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20250728122805NAL0001532977001, received 2025-07-28
Final filingnoForm 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20250728122805NAL0001532977001, received 2025-07-28
Amended filingnoForm 5500, Part I line B; AMENDED_IND pos 7; filing 20250728122805NAL0001532977001, received 2025-07-28
Participants, beginning of year628Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20250728122805NAL0001532977001, received 2025-07-28
Active participants519Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20250728122805NAL0001532977001, received 2025-07-28
Participants, end of year636Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20250728122805NAL0001532977001, received 2025-07-28
Participants with an account balance572Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250728122805NAL0001532977001, received 2025-07-28
Total assets, beginning of year$96,948,156Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20250728122805NAL0001532977001, received 2025-07-28
Total assets, end of year$109,975,901Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250728122805NAL0001532977001, received 2025-07-28
Net assets, end of year$109,975,901Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20250728122805NAL0001532977001, received 2025-07-28
Total income$19,524,253Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20250728122805NAL0001532977001, received 2025-07-28
Net income$13,027,745Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20250728122805NAL0001532977001, received 2025-07-28
Employer contributions$2,147,680Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250728122805NAL0001532977001, received 2025-07-28
Participant contributions$3,482,846Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20250728122805NAL0001532977001, received 2025-07-28
Other contributions (incl. rollovers)$509,138Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20250728122805NAL0001532977001, received 2025-07-28
Total contributions$6,139,664Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250728122805NAL0001532977001, received 2025-07-28
Benefit payments$6,477,808Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20250728122805NAL0001532977001, received 2025-07-28
Total expenses (incl. benefit payments)$6,496,508Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20250728122805NAL0001532977001, received 2025-07-28
Total administrative expenses$18,700Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250728122805NAL0001532977001, received 2025-07-28
Contract administrator fees$4,750Schedule H, line 2i(2); CONTRACT_ADMIN_FEES_AMT pos 106; filing 20250728122805NAL0001532977001, received 2025-07-28
Investment advisory and management fees$12,750Schedule H, line 2i(5); INVST_MGMT_FEES_AMT pos 107; filing 20250728122805NAL0001532977001, received 2025-07-28
Administrative expenses excluding investment management$5,950derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250728122805NAL0001532977001, received 2025-07-28
Held in mutual funds$104,785,427Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20250728122805NAL0001532977001, received 2025-07-28
Independent auditorRFH, PLLCSchedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20250728122805NAL0001532977001, received 2025-07-28

Position = column in the DOL layout for form year 2024. Filing 20250728122805NAL0001532977001, received 2025-07-28.

Service providers paid directly by the plan

ProviderRelationshipService codesDirect compensationIndirect
RFHSERVICE PROVIDER 99 Other fees $12,750no
MCGREGOR & ASSOC INCTHIRD PARTY ADMINISTRATOR 49 Other services $0yes

Schedule C Part I line 2: name (a), service codes (b), relationship (c), direct compensation paid by the plan (d), indirect compensation received (e). Filing 20250728122805NAL0001532977001, received 2025-07-28.

What changed since the 2023 plan year

Figure20232024Change
Total assets$96,948,156$109,975,90113.4%
Participants with a balance5605722.1%
Administrative expenses$14,048$18,70033.1%
Recordkeeping fees per participant$25.09not reported
Employer contributions$1,994,029$2,147,6807.7%

Prior filing 20240726140325NAL0015573233001, received 2024-07-26; the plan years are contiguous.

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Sponsor name as filed: CENTRAL BANKSHARES, INC.; SEC registrant: CENTRAL BANCSHARES INC (CIK 914068, matched by EIN).