What are the fees in the Cronic, Inc. 401(k) plan?

For plan year 2022, Cronic, Inc. reported $7,764 in plan administrative expenses, or 0.30% of average plan assets — below the peer median. Fund-level expense ratios are not included in public filings.

What is the average account balance in the Cronic, Inc. 401(k)?

The average participant account balance was $70,104 for plan year 2022, based on 35 accounts.

Cronic, Inc.401(k)

Name: Cronic, Inc. 401(k) plan: Form 5500 data
Creator: U.S. Department of Labor

CRONIC, INC. 401(K) PLAN · GRIFFIN, GA · plan year 2022

Reported admin expense ratio · 2022

0.30%

Cronic, Inc. reported $7,764 in plan administrative expenses for 2022: 0.30% of average plan assets, below the peer median. 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.

The plan sits in the $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other retail trade employers. By assets it is among the smaller plans on file in Georgia (1,890th of 2,160), and 4,529th of 5,215 in retail trade.

Plan summary
Net assets, end of year$2,453,657
Participants with balances35
Active participants133
Employer contributions—
Employee contributions$254,530
Employer contribution per active participant—
Average account balance$70,104
Benefits paid to participants$230,137
Plan auditUnmodified (clean) audit opinion
AuditorCARR, RIGGS AND INGHAM LLC

Administrative expenses, itemized · 2022

Recordkeeping & contract admin$7,764

Total administrative$7,764

What these fees cost you

Your balance

Annual cost at the plan's reported 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history1

2022$7,764 · 0.30%

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Source: U.S. Department of Labor, Form 5500 series, EIN 580656239 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.