Central Specialties, Inc. 401(k) Plan: Login, Facts & Contact Information

Central Specialties, Inc. 401(k) Plan Facts

Plan name
CENTRAL SPECIALTIES, INC. RETIREMENT SAVINGS PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
CENTRAL SPECIALTIES, INC.
Participants
568 (407 active employees)
Former employees with a balance
155
Plan assets
$54,907,651 at Dec 31, 2024
Average account balance
$100,563 across 546 accounts
Employer contributions
$8,425,259 in plan year 2024 (84% of all contributions)
Recordkeeper
Cpi Qualified Plan Consultants, Inc
Plan year
Jan 1, 2024 – Dec 31, 2024
Plan established
Jan 1, 1991
✓ 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 2024 (Jan 1, 2024 – Dec 31, 2024), filed Sep 11, 2025. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2024

  • $10.0 million went into the plan in contributions, $8.43 million of it from the employer (84%).
  • $8.70 million was paid out to participants.
  • Investment and other income added $6.73 million.
  • Administrative expenses were $139,835, about $256 per account.

How the Central Specialties, Inc. 401(k) changed, 2019–2024

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2019413$42.7 million$2.54 million$4.95 million
2020427$51.2 million$3.37 million$3.95 million
2021481$52.9 million$3.46 million$9.23 million
2022479$40.1 million$4.87 million$9.51 million
2023521$47.0 million$5.00 million$6.53 million
2024568$54.9 million$8.43 million$8.70 million

Central Specialties, Inc. 401(k) Contact Information

Phone
320-762-7289
Mailing address
6325 COUNTY ROAD 87 SW, ALEXANDRIA MN 563085361
Plan sponsor
CENTRAL SPECIALTIES, INC.
Employer identification number (EIN)
41-1270987
Plan number
001

Questions about the Central Specialties, Inc. 401(k)

Does Central Specialties, Inc contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2024 the employer contributed $8.43 million, 84% of all contributions.

Does the Central Specialties, Inc 401(k) have automatic enrollment?

No. The plan does not report automatic enrollment; employees enroll themselves.

How many people are in the Central Specialties, Inc 401(k) plan?

568 participants at the start of plan year 2024, 407 of them active employees, and 155 former employees who still had money in the plan.

What is the average 401(k) balance at Central Specialties, Inc?

About $100,563 per account: $54.9 million in plan assets across 546 accounts with a balance at the end of plan year 2024.

Who manages the Central Specialties, Inc 401(k) accounts?

CPI QUALIFIED PLAN CONSULTANTS, INC is the plan's recordkeeper, which is where participants log in to see their balance.

I no longer work at Central Specialties, Inc. How do I access my 401(k)?

Your account stays with CPI QUALIFIED PLAN CONSULTANTS, INC after you leave, so you can log in with the same credentials. If your balance was small, the plan may have rolled it into an IRA in your name. If you can't find it, Beagle can locate it for you.

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