Plan Ledger DOL Form 5500 · updated monthly

Community Renewal Team, Inc.401(k)

COMMUNITY RENEWAL TEAM, INC. 401K PLAN · HARTFORD, CT · plan year 2024

Reported admin expense ratio · 2024
0.04%

Peer grade: B · admin costs + employer contributions vs same-size plans · how grading works

Community Renewal Team, Inc. reported $3,600 in plan administrative expenses for 2024: 0.04% of average plan assets, lower than ~75% of peers. Employer contributions averaged $775 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio fell from 0.05% to 0.04%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Connecticut (730th of 1,106), and the 5,516th of 11,911 in health care & social assistance. In 2024, employees put in $1.39 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$10,669,011
Participants with balances188
Active participants406
Employer contributions$314,629
Employee contributions$438,445
Employer contribution per active participant$775
Average account balance$56,750
Benefits paid to participants$779,897
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$10.7M · 188 accts · $315K emplr
2023$9.7M · 156 accts · $237K emplr
2022$9.6M · 174 accts · $288K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$2,950
Total administrative$3,600
The Community Renewal Team, Inc. 401(k) match · 2024
Employer contribution per active participant$775
Median for plans this size$2,416
2024$775 per active participant
2023$618 per active participant
2022$766 per active participant

Community Renewal Team, Inc.'s 2024 employer contribution ran below the $2,416 median for plans its size, in the bottom quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20241

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history3
2024$3,600 · 0.04%
2023$4,927 · 0.05%
2022$5,200 · 0.05%
Same employer
Similar plansHealth Care & Social Assistance · Connecticut
Wellmore, Inc. CT$10.7M · 0.84%
Star Inc., Lighting the Way CT$10.4M · 0.37%

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Source: U.S. Department of Labor, Form 5500 series, EIN 060795640 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.