Plan Ledger DOL Form 5500 · updated monthly

Craneware Inc401(k)

THE CRANEWARE GROUP 401(K) PROFIT SHARING PLAN · DEERFIELD BEACH, FL · plan year 2024

Reported admin expense ratio · 2024
0.08%

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

Craneware Inc reported $42,726 in plan administrative expenses for 2024: 0.08% of average plan assets, below the peer median. Employer contributions averaged $4,008 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 0.01% to 0.08%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other professional & technical services employers. By assets it is the 485th-largest of 3,644 plans among Florida employers on file, and the 2,451st of 11,654 in professional & technical services. In 2024, employees put in $2.42 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$57,612,229
Participants with balances621
Active participants543
Employer contributions$2,176,203
Employee contributions$5,274,867
Employer contribution per active participant$4,008
Average account balance$92,773
Benefits paid to participants$6,109,167
Plan auditUnmodified (clean) audit opinion
AuditorHACKER, JOHNSON & SMITH, P.A.
Plan history3
Yearassets · accounts · employer contribution
2024$57.6M · 621 accts · $2.2M emplr
2023$47.7M · 604 accts · $2.0M emplr
2022$38.6M · 611 accts · $1.5M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$42,726
Total administrative$42,726
The Craneware Inc 401(k) match · 2024
Employer contribution per active participant$4,008
Median for plans this size$3,635
2024$4,008 per active participant
2023$3,641 per active participant
2022$2,791 per active participant

Craneware Inc's 2024 employer contribution ran above 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 · 20241
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$42,726

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$42,726 · 0.08%
2023$14,588 · 0.03%
2022$2,796 · 0.01%
Same employer
Similar plansProfessional & Technical Services · Florida
Cole, Scott & Kissane, P.A. FL$59.3M · 0.35%
Wgi, Inc. FL$57.8M · 0.51%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 593687587 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.