CR Fitness Holdings LLC 401(k) Review & Grade
CR Fitness Holdings LLC 401k Plan
Tampa, FLArts, Entertainment & Recreation3,530 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$77Employer $ per active participant
$421Employee $ saved per active participant
2.06%Direct admin cost, % of plan assets
$4.2MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity1.5 / 503th percentile for employer $ per participant
- Low cost0.2 / 251th percentile for low admin cost vs. same-size plans
- Employee saving0.0 / 150th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score2 / 100 · Grade F
This plan vs. peers
Peers: Arts, Entertainment & Recreation plans with 2,500–9,999 active participants (35 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 3th |
| Lower admin cost | 1th |
| Employee saving | 0th |
| Peers that auto-enroll | 43% |
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Red flags from the filing
Corrective distributions: the plan refunded $97,649 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- CR Fitness Holdings put in about $77 per active participant, below the typical peer ($1,107). Any match is still an instant return, so contribute enough to get all of it.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Direct plan expenses (2.06% of assets) are well above similar-size plans (0.12%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $272,322 |
| Participant (employee) contributions | $1,487,842 |
| Other contributions (incl. rollovers in) | $67,900 |
| Administrative expenses paid from the plan | $73,093 |
| Investment advisory & management fees | $48,556 |
| Benefits paid out | $688,307 |
| Net assets, start / end of year | $2.9M / $4.2M |
| Active participants, start / end of year | 3,338 / 3,722 |
| Participants with account balances | 521 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Assurance Dimensions |
Largest service providers (Schedule C)
| Adp, Inc. | $73,092 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014052035NAL0002147921001, received 2025-10-14, EIN 30-1009818, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.