Plan Ledger DOL Form 5500 · updated monthly

Crossett, Inc.401(k)

CROSSETT, INC. 401(K) RETIREMENT PLAN · WARREN, PA · plan year 2024

Reported admin expense ratio · 2024
0.66%

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

Crossett, Inc. reported $105,495 in plan administrative expenses for 2024: 0.66% of average plan assets, higher than ~90% of peers. Employer contributions averaged $3,244 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 0.84% to 0.66%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other transportation & warehousing employers. By assets it is the 1,670th-largest of 3,651 plans among Pennsylvania employers on file, and the 821st of 2,677 in transportation & warehousing. In 2024, employees put in $1.43 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$17,545,668
Participants with balances234
Active participants198
Employer contributions$642,214
Employee contributions$918,936
Employer contribution per active participant$3,244
Average account balance$74,981
Benefits paid to participants$1,167,328
Plan auditUnmodified (clean) audit opinion
AuditorHILL, BARTH & KING, LLC
Plan history3
Yearassets · accounts · employer contribution
2024$17.5M · 234 accts · $642K emplr
2023$14.4M · 243 accts · $614K emplr
2022$11.9M · 233 accts · $654K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$68,011
Investment management$37,484
Total administrative$105,495
The Crossett, Inc. 401(k) match · 2024
Employer contribution per active participant$3,244
Median for plans this size$2,416
2024$3,244 per active participant
2023$3,010 per active participant
2022$3,479 per active participant

Crossett, Inc.'s 2024 employer contribution ran above 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 · 20243
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$68,011
LPL FINANCIAL LLC - RPCP · Investment advisory (plan)$26,871
CAMBRIDGE INVESTMENT RESEARCH ADVIS · Investment advisory (plan)$10,596

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$105,495 · 0.66%
2023$84,723 · 0.64%
2022$94,089 · 0.84%
All plans at this employer2
CROSSETT, INC. 401(K) RETIREMENT PLAN401(k)
CROSSETT, INC. EMPLOYEE STOCK OWNERSHIP PLANESOP
Same employer
Similar plansTransportation & Warehousing · Pennsylvania
Bridgeway Connects, Inc. PA$19.5M · 0.48%
Logistics Plus PA$19.3M · 0.74%
Herman R Ewell Inc PA$17.9M · 0.61%
L. J. Associates, Inc. PA$17.8M · 0.33%
Gate 1, LTD. PA$16.6M · 0.31%
Jillamy, Inc PA$16.4M · 0.51%
W.J. Beitler Co. PA$16.2M · 0.41%
Horwith Trucks, Inc. PA$15.3M · 0.22%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 250426840 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.