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Original filing (PDF)20260216171700NAL0005727760005
CENTRAL SPECIALTIES, INC.
Form 5500
FILING_RECEIVED
FRINGE BENEFIT PLAN FOR DAVIS-BACON AND RELATED ACT (DBRA) EMPLOYEES OF CENTRAL SPECIALTIES, INC.
Health & welfare plan
Signals · 3
50% in single holding~420 bps in Sched C feesNo recordkeeper disclosed
Active participants
245
Accounts w/ balance
—
Plan assets (EOY)
$2.5M
Net assets (EOY)
$2.4M
How this plan invests
This plan
4 securities
funds · stocks · CUSIPs
Holdings are itemized directly on this plan's Schedule of Assets, below.
Plan health score (directional)
84
/ 100
Grade B
Above-average plan
Directional indicator computed from public Form 5500 data — compliance, concentration, cost, vendor stack and participation. Not a fiduciary tool.
Compliance & disclosures
100
Concentration risk
75
Total plan cost
65
Vendor stack
80
Participation health
100
Knocking points off
- Top holding "Viking Bank Interest bearing cash" is 50% of plan.
- 420 bps in Schedule C fees — 708% above peer band of 52 bps.
- No recordkeeper disclosed on Schedule C.
Decision-maker contacts
CFO / Head of HR / Benefits Manager — verified email + LinkedIn for CENTRAL SPECIALTIES, INC..
Plan sponsor
Name
CENTRAL SPECIALTIES, INC.
EIN
41-1270987
Address
6325 COUNTY ROAD 87 SW · ALEXANDRIA, MN · 56308
Phone
(320) 762-7289
Industry
Constructionsee all
Plan administrator
Name
CENTRAL SPECIALTIES, INC.
EIN
41-1270987
City
ALEXANDRIA, MN
Phone
(320) 762-7289
Plan characteristics
Plan number
502
Plan year
2024
Plan year begin
2024-05-01
Tax period
2025-04-30
Filed
2026-02-16
Welfare benefit codes
4A · Health (other than dental or vision)
Audit & trust (Schedule H)
Auditor
BERGANKDV, LTD.
Trustee / custodian
—
Trustee phone
—
Service providers (Schedule C)
2 rowsOther
2| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| GOVERNMENT SERVICE ADMINISTRATORS | 11-3335620 | PORT JEFFERSON, NY | NONE | $73K | — |
| WEX INC | 06-1593514 | SOUTH PORTLAND, ME | NONE | $30K | — |
Investments
4 direct securities· $2.5M(100% of reported assets)
| PI | Investment | Type | Shares / units | Cost | Current value | % of plan |
|---|---|---|---|---|---|---|
| Viking Bank Interest bearing cash | — | — | $1.2M | $1.2M | 50.1% | |
| Viking Bank Interest bearing cash | — | — | $1.2M | $1.2M | 49.4% | |
| Viking Bank Interest bearing cash | — | — | $7K | $7K | 0.3% | |
| Viking Bank Interest bearing cash | — | — | $5K | $5K | 0.2% |
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