Centerra Group, Llc. 401(k) Plan: Login, Facts & Contact Information

No recent filing

No Form 5500 has been filed for this plan since plan year 2018. The plan may have been terminated, merged into another plan, or moved to a new sponsor. Everything below comes from its last filing on record.

Centerra Group, Llc. 401(k) Plan Facts (plan year 2018)

Plan name
CENTERRA GROUP, LLC. 401(K) PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
CENTERRA GROUP, LLC.
Participants
5,971 (9,901 active employees)
Former employees with a balance
1,142
Plan assets
$352,840,296 at Dec 31, 2018
Average account balance
$70,064 across 5,036 accounts
Employer contributions
$17,363,719 in plan year 2018 (49% of all contributions)
Plan year
Jan 1, 2018 – Dec 31, 2018
Plan established
Sep 1, 1985
✓ Employer contributions✓ Automatic enrollment✓ Default investment for undecided participants✓ Participants choose their own investments— Self-directed brokerage window✓ Profit sharing— Company stock (ESOP)

Source: Form 5500 for plan year 2018 (Jan 1, 2018 – Dec 31, 2018), filed Oct 15, 2019. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2018

  • $35.3 million went into the plan in contributions, $17.4 million of it from the employer (49%).
  • $43.3 million was paid out to participants.
  • Administrative expenses were $752,379, about $149 per account.

How the Centerra Group, Llc. 401(k) changed, 2013–2018

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
20136,262$275.8 million$11.7 million$22.9 million
20145,843$287.7 million$12.6 million$25.7 million
20155,837$287.3 million$14.0 million$27.6 million
20166,136$330.4 million$17.1 million$35.0 million
20176,112$375.3 million$16.5 million$33.9 million
20185,971$352.8 million$17.4 million$43.3 million

Centerra Group, Llc. 401(k) Contact Information

Phone
561-537-4140
Mailing address
7121 FAIRWAY DRIVE, SUITE 301, PALM BEACH GARDENS FL 33418
Plan sponsor
CENTERRA GROUP, LLC.
Employer identification number (EIN)
59-0940269
Plan number
007

Questions about the Centerra Group, Llc. 401(k)

Is the Centerra Group, Llc 401(k) plan still active?

We can't confirm that. The last Form 5500 on record for this plan covers plan year 2018, and no later filing was found under this employer's EIN.

Does Centerra Group, Llc contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2018 the employer contributed $17.4 million, 49% of all contributions.

Does the Centerra Group, Llc 401(k) have automatic enrollment?

Yes. The plan reports automatic enrollment of eligible employees.

How many people are in the Centerra Group, Llc 401(k) plan?

5,971 participants at the start of plan year 2018, 9,901 of them active employees, and 1,142 former employees who still had money in the plan.

What is the average 401(k) balance at Centerra Group, Llc?

About $70,064 per account: $352.8 million in plan assets across 5,036 accounts with a balance at the end of plan year 2018.

Who manages the Centerra Group, Llc 401(k) accounts?

Voya Financial is the plan's recordkeeper, which is where participants log in to see their balance.

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