Plan Ledger DOL Form 5500 · updated monthly

Crain Communications Inc401(k)

CRAIN COMMUNICATIONS INC 401(K) PLAN · DETROIT, MI · plan year 2024

Reported admin expense ratio · 2024
0.09%

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

Crain Communications Inc reported $147,149 in plan administrative expenses for 2024: 0.09% of average plan assets, below the peer median. Employer contributions averaged $3,240 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 0.086% to 0.092%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other information & media employers. By assets it is the 173rd-largest of 2,619 plans among Michigan employers on file, and the 226th of 2,199 in information & media. In 2024, employees put in $3.35 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$166,898,680
Participants with balances941
Active participants627
Employer contributions$2,031,764
Employee contributions$6,799,491
Employer contribution per active participant$3,240
Average account balance$177,363
Benefits paid to participants$15,893,534
Plan auditUnmodified (clean) audit opinion
AuditorUHY LLP
Plan history3
Yearassets · accounts · employer contribution
2024$166.9M · 941 accts · $2.0M emplr
2023$151.7M · 974 accts · $2.2M emplr
2022$131.1M · 977 accts · $1.9M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$129,724
Audit (IQPA)$17,425
Total administrative$147,149
The Crain Communications Inc 401(k) match · 2024
Employer contribution per active participant$3,240
Median for plans this size$3,635
2024$3,240 per active participant
2023$3,345 per active participant
2022$2,807 per active participant

Crain Communications Inc's 2024 employer contribution ran below the $3,635 median for plans its size. 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 · 20243
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$152,444
SCHWARTZ & CO · Consulting · Investment advisory (plan)$30,675
UHY LLP · Accounting / audit$17,425

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$147,149 · 0.09%
2023$192,400 · 0.14%
2022$125,516 · 0.09%
Same employer
Similar plansInformation & Media · Michigan
Clarivate Analytics (US) LLC MI$519.6M · 0.07%
Altair Engineering, Inc. MI$262.8M · 0.09%
Greatland Corporation MI$111.9M · 0.09%
Onestream Software LLC MI$106.3M · 0.17%
Techsmith Corporation MI$67.9M · 0.01%

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Source: U.S. Department of Labor, Form 5500 series, EIN 360708800 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.