Plan Ledger DOL Form 5500 · updated monthly

Croman Corporation401(k)

CROMAN CORPORATION 401(K) PROFIT-SHARING PLAN · WHITE CITY, OR · plan year 2024

Reported admin expense ratio · 2024
0.90%

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

Croman Corporation reported $71,294 in plan administrative expenses for 2024: 0.90% of average plan assets, higher than ~75% of peers. Employer contributions averaged $10,714 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 fell from 1.11% to 0.90%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other agriculture, forestry & fishing employers. By assets it is among the smaller plans on file in Oregon (608th of 1,021), and 504th of 945 in agriculture, forestry & fishing. In 2024, the employer put in $1.49 for every $1.00 employees contributed themselves; active participation has shrunk from 104 to 85 since 2022.

Plan summary
Net assets, end of year$8,425,256
Participants with balances139
Active participants85
Employer contributions$910,657
Employee contributions$612,306
Employer contribution per active participant$10,714
Average account balance$60,613
Benefits paid to participants$1,129,415
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$8.4M · 139 accts · $911K emplr
2023$7.4M · 125 accts · $609K emplr
2022$6.0M · 131 accts · $486K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$22,506
Investment management$28,313
Audit (IQPA)$20,475
Total administrative$71,294
The Croman Corporation 401(k) match · 2024
Employer contribution per active participant$10,714
Median for plans this size$1,313
2024$10,714 per active participant
2023$6,032 per active participant
2022$4,676 per active participant

Croman Corporation's 2024 employer contribution ran above the $1,313 median for plans its size, placing it in the top 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 · 20244
JOHN HANCOCK · Accounting / audit · Trustee$18,331
ADVISORY SERVICES & INVESTMENTS LLC · Pension consulting · Investment management$28,313
MOSS ADAMS LLP · Accounting / audit$20,475
NORTHWEST RETIREMENT PLANS INC · Accounting / audit · Contract administrator$7,825

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

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

Administrative cost history3
2024$71,294 · 0.90%
2023$74,841 · 1.12%
2022$73,121 · 1.11%
Similar plansAgriculture, Forestry & Fishing · Oregon
J. Frank Schmidt & Son Co. OR$13.7M · 0.42%
Summitt Enterprises Inc OR$11.6M · 0.01%
Grayback Forestry, Inc. OR$8.8M · 0.97%
Kraemer's Nursery, Inc. OR$8.2M · 0.50%
George Packing Co Inc OR$5.9M · 0.57%

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Source: U.S. Department of Labor, Form 5500 series, EIN 930593890 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.