Plan Ledger DOL Form 5500 · updated monthly

Crews Bank & Trust401(k)

CREWS BANKING RETIREMENT PLAN · WAUCHULA, FL · plan year 2024

Reported admin expense ratio · 2024
0.26%

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

Crews Bank & Trust reported $101,677 in plan administrative expenses for 2024: 0.26% of average plan assets, below the peer median. Employer contributions averaged $2,005 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 0.29% to 0.26%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other finance & insurance employers. By assets it is the 619th-largest of 3,644 plans among Florida employers on file, and the 1,898th of 4,798 in finance & insurance. In 2024, employees put in $2.87 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$41,900,464
Participants with balances460
Active participants371
Employer contributions$743,750
Employee contributions$2,133,558
Employer contribution per active participant$2,005
Average account balance$91,088
Benefits paid to participants$3,521,095
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$41.9M · 460 accts · $744K emplr
2023$36.6M · 430 accts · $663K emplr
2022$31.3M · 444 accts · $508K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$55,308
Investment management$46,369
Total administrative$101,677
The Crews Bank & Trust 401(k) match · 2024
Employer contribution per active participant$2,005
Median for plans this size$2,416
2024$2,005 per active participant
2023$1,763 per active participant
2022$1,384 per active participant

Crews Bank & Trust's 2024 employer contribution ran below 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
ONEDIGITAL INVESTMENT ADVISORS LLC · Investment advisory (plan)$34,554
EMPOWER ADVISORY GROUP, LLC · Investment management$11,815

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$101,677 · 0.26%
2023$100,815 · 0.30%
2022$101,346 · 0.29%
Similar plansFinance & Insurance · Florida
Florida Credit Union FL$43.5M · 0.09%
Duval Holdings, Inc. FL$43.2M · 0.14%
Campus USA Credit Union FL$41.9M · 0.25%
Pen Air Credit Union FL$37.4M · 0.45%

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Source: U.S. Department of Labor, Form 5500 series, EIN 590500870 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.