Crane NXT, Co. 401(k) Review & Grade
Crane NXT, Co. Savings and Investment Plan
Waltham, MAManagement of Companies2,093 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$5,116Employer $ per active participant
$7,952Employee $ saved per active participant
0.09%Direct admin cost, % of plan assets
$373.2MNet plan assets, end of year
$152,392Average balance per account
Score breakdown
- Employer generosity38.3 / 5077th percentile for employer $ per participant
- Low cost19.3 / 2577th percentile for low admin cost vs. same-size plans
- Employee saving10.5 / 1570th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score65 / 100 · Grade B
This plan vs. peers
Peers: Management of Companies plans with 500–2,499 active participants (172 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 77th |
| Lower admin cost | 77th |
| Employee saving | 70th |
| Peers that auto-enroll | 58% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($396 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $31,742 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Crane NXT put in about $5,116 per active participant, more than the typical peer ($2,492). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- 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.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $10,707,192 |
| Participant (employee) contributions | $16,642,631 |
| Other contributions (incl. rollovers in) | $17,910,384 |
| Administrative expenses paid from the plan | $309,097 |
| Other admin expenses | $309,097 |
| Benefits paid out | $45,901,165 |
| Net assets, start / end of year | $331.5M / $373.2M |
| Active participants, start / end of year | 1,924 / 2,262 |
| Participants with account balances | 2,449 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Deloitte & Touche LLP |
| Employer stock held by plan | $4,253,956 |
Largest service providers (Schedule C)
| Vanguard Advisers Inc. | $162,283 reported compensation |
| The Vanguard Group, Inc. | $143,312 reported compensation |
| Troutman Pepper Hamilton Sanders LL | $18,603 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250909130053NAL0020246145001, received 2025-09-09, EIN 88-0706021, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.