Plan Ledger DOL Form 5500 · updated monthly

Correct Craft Holding Company, LLC401(k)

CORRECT CRAFT HOLDING COMPANY RETIREMENT PLAN · ORLANDO, FL · plan year 2024

Reported admin expense ratio · 2024
0.72%

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

Correct Craft Holding Company, LLC reported $341,943 in plan administrative expenses for 2024: 0.72% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,054 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 rose from 0.37% to 0.72%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other manufacturing employers. By assets it is the 537th-largest of 3,644 plans among Florida employers on file, and the 3,170th of 13,661 in manufacturing. In 2024, employees put in $3.44 for every $1.00 the employer contributed; active participation has shrunk from 1,946 to 1,531 since 2022.

Plan summary
Net assets, end of year$49,721,827
Participants with balances1,626
Active participants1,531
Employer contributions$1,612,920
Employee contributions$5,541,394
Employer contribution per active participant$1,054
Average account balance$30,579
Benefits paid to participants$7,055,178
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$49.7M · 1,626 accts · $1.6M emplr
2023$45.1M · 1,818 accts · $1.3M emplr
2022$37.6M · 1,891 accts · $1.2M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$296,646
Investment management$45,297
Total administrative$341,943
The Correct Craft Holding Company, LLC 401(k) match · 2024
Employer contribution per active participant$1,054
Median for plans this size$2,416
2024$1,054 per active participant
2023$780 per active participant
2022$637 per active participant

Correct Craft Holding Company, LLC'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 · 20245
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$296,678
GLOBAL RETIREMENT PARTNERS LLC · Investment advisory (plan)$25,461
WEALTH ADVSIORY SERVICES · Investment advisory (plan)$19,836
ECONOMIC GROUP PENSION SERVICES INC · Contract administrator$425
FORVIS LLP · Accounting / auditindirect comp

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$341,943 · 0.72%
2023$301,559 · 0.73%
2022$140,537 · 0.37%
Similar plansManufacturing · Florida
Berg Europipe Holding Corp. FL$55.7M · 0.13%
Sonny's Enterprises, LLC FL$54.4M · 0.43%
Gm Nameplate, Inc. FL$48.3M · 0.31%
Corerx, Inc. FL$47.3M · 0.01%
Quirch Foods, Co. FL$46.3M · 0.45%
Bst Consultants. Inc. FL$44.3M · 0.38%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 460635077 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.