Plan Ledger DOL Form 5500 · updated monthly

Crane 1 Services, Inc.401(k)

CRANE 1 SERVICES, INC. RETIREMENT SAVINGS PLAN · WEST CHESTER, OH · plan year 2024

Reported admin expense ratio · 2024
0.75%

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

Crane 1 Services, Inc. reported $134,678 in plan administrative expenses for 2024: 0.75% of average plan assets, higher than ~90% of peers. Employer contributions averaged $2,098 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 0.56% to 0.75%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other other services employers. By assets it is the 1,370th-largest of 3,295 plans among Ohio employers on file, and the 1,090th of 3,341 in other services. In 2024, employees put in $2.47 for every $1.00 the employer contributed; active participation has grown from 392 to 506 since 2022.

Plan summary
Net assets, end of year$19,015,916
Participants with balances605
Active participants506
Employer contributions$1,061,397
Employee contributions$2,624,791
Employer contribution per active participant$2,098
Average account balance$31,431
Benefits paid to participants$4,085,211
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$19.0M · 605 accts · $1.1M emplr
2023$16.8M · 454 accts · $1.0M emplr
2022$12.2M · 453 accts · $807K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$86,462
Investment management$48,216
Total administrative$134,678
The Crane 1 Services, Inc. 401(k) match · 2024
Employer contribution per active participant$2,098
Median for plans this size$2,416
2024$2,098 per active participant
2023$2,713 per active participant
2022$2,059 per active participant

Crane 1 Services, Inc.'s 2024 employer contribution ran below the $2,416 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 · 20242
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$86,462
IFP ADVISORS LLC · Investment advisory (plan)$48,216

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$134,678 · 0.75%
2023$61,131 · 0.42%
2022$71,679 · 0.56%
Same employer
Similar plansOther Services · Ohio
Zepf Center OH$22.8M · 0.62%
Step Forward OH$21.9M · 0.11%
Truwest Company, LLC OH$21.5M · 0.26%
Park Place Operations, Inc. OH$16.6M · 0.54%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 475210405 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.