Plan Ledger DOL Form 5500 · updated monthly

Crown Equipment Corporation401(k)

CROWN EQUIPMENT CORPORATION 401(K) RETIREMENT SAVINGS PLAN AND TRUST · NEW BREMEN, OH · plan year 2024

Reported admin expense ratio · 2024
0.09%

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

Crown Equipment Corporation reported $1,079,422 in plan administrative expenses for 2024: 0.09% of average plan assets, higher than ~75% of peers. Employer contributions averaged $3,103 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 0.08% to 0.09%. The plan sits in the over $1B size bracket, benchmarked here against 1,229 comparable plans and shown alongside other manufacturing employers. By assets it is the 45th-largest of 3,295 plans among Ohio employers on file, and the 261st of 13,661 in manufacturing. In 2024, employees put in $1.73 for every $1.00 the employer contributed; active participation has grown from 11,539 to 13,821 since 2022.

Plan summary
Net assets, end of year$1,268,122,375
Participants with balances15,424
Active participants13,821
Employer contributions$42,884,809
Employee contributions$74,226,938
Employer contribution per active participant$3,103
Average account balance$82,217
Benefits paid to participants$93,468,455
Plan auditUnmodified (clean) audit opinion
AuditorBRADY, WARE AND SCHOENFELD, INC.
Plan history3
Yearassets · accounts · employer contribution
2024$1.3B · 15,424 accts · $42.9M emplr
2023$1.1B · 14,664 accts · $38.9M emplr
2022$901.3M · 13,117 accts · $29.6M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$939,922
Investment management$120,000
Audit (IQPA)$19,500
Total administrative$1,079,422
The Crown Equipment Corporation 401(k) match · 2024
Employer contribution per active participant$3,103
Median for plans this size$5,259
2024$3,103 per active participant
2023$2,986 per active participant
2022$2,564 per active participant

Crown Equipment Corporation's 2024 employer contribution ran below the $5,259 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
MERRILL LYNCH, PIERCE, FENNER AND S · Recordkeeping$939,922
CLEARSTEAD ADVISORS, LLC$120,000
BRADY, WARE & SCHOENFELD, INC. · Accounting / audit · Actuarial$19,500

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

Recordkeeper by year2
2024Bank of America / Merrill
2023Bank of America / Merrill

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Administrative cost history3
2024$1,079,422 · 0.09%
2023$927,386 · 0.09%
2022$811,481 · 0.08%
Same employer
Similar plansManufacturing · Ohio
The J.M. Smucker Company OH$1.5B · 0.03%
Transdigm Inc. OH$1.5B · 0.04%
The Timken Company OH$1.4B · 0.09%
Owens Corning OH$1.3B · 0.02%
Steris Corporation OH$1.3B · 0.06%
Vertiv Group Corporation OH$1.1B · 0.08%
Hyster-Yale Group, Inc. OH$966.6M · 0.05%

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Source: U.S. Department of Labor, Form 5500 series, EIN 344412691 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.