Plan Ledger DOL Form 5500 · updated monthly

Crane Nxt, Co.401(k) + ESOP (KSOP)

CRANE NXT, CO. SAVINGS AND INVESTMENT PLAN · WALTHAM, MA · plan year 2024

Reported admin expense ratio · 2024
0.09%

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

Crane Nxt, Co. reported $309,097 in plan administrative expenses for 2024: 0.09% of average plan assets, above the peer median. Employer contributions averaged $4,734 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 1 year on file its reported administrative ratio rose from 0.05% to 0.09%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other management of companies employers. By assets it is the 150th-largest of 2,726 plans among Massachusetts employers on file, and the 103rd of 786 in management of companies. In 2024, employees put in $1.55 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$373,208,072
Participants with balances2,449
Active participants2,262
Employer contributions$10,707,192
Employee contributions$16,642,631
Employer contribution per active participant$4,734
Average account balance$152,392
Benefits paid to participants$45,901,165
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2024$373.2M · 2,449 accts · $10.7M emplr
2023$331.5M · 2,049 accts · $6.3M emplr
The Crane Nxt, Co. 401(k) match · 2024
Employer contribution per active participant$4,734
Median for plans this size$4,294
2024$4,734 per active participant
2023$3,259 per active participant

Crane Nxt, Co.'s 2024 employer contribution ran above the $4,294 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
THE VANGUARD GROUP, INC. · Recordkeeping · Consulting$143,312
VANGUARD ADVISERS INC. · Investment advisory (participants)$162,283
TROUTMAN PEPPER HAMILTON SANDERS LL · Consulting$18,603

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

Recordkeeper by year2
2024Vanguard
2023Vanguard

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history2
2024$309,097 · 0.09%
2023$171,585 · 0.05%
Same employer
Similar plansManagement of Companies · Massachusetts
State Street Corporation MA$6.5B · 0.04%
Central Bancompany MO$400.7M · 0.09%
Savvas Learning Company LLC AZ$397.1M · 0.06%
Savage Enterprises LLC UT$393.1M · 0.17%
Pohlad Companies, LLC MN$371.4M · 0.07%
Team, Inc. TX$357.2M · 0.03%

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Source: U.S. Department of Labor, Form 5500 series, EIN 880706021 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.