Crane Worldwide Logistics, LLC 401(k) Review & Grade
Crane Companies 401k Plan
Houston, TXTransportation & Warehousing1,698 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,512Employer $ per active participant
$4,168Employee $ saved per active participant
0.38%Direct admin cost, % of plan assets
$79.6MNet plan assets, end of year
$37,966Average balance per account
Score breakdown
- Employer generosity39.4 / 5079th percentile for employer $ per participant
- Low cost8.0 / 2532th percentile for low admin cost vs. same-size plans
- Employee saving9.7 / 1565th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score57 / 100 · Grade C
This plan vs. peers
Peers: Transportation & Warehousing plans with 500–2,499 active participants (392 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 79th |
| Lower admin cost | 32th |
| Employee saving | 65th |
| Peers that auto-enroll | 37% |
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Red flags from the filing
Corrective distributions: the plan refunded $75 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Crane Worldwide Logistics put in about $2,512 per active participant, more than the typical peer ($1,070). 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.
- Direct plan expenses (0.38% of assets) are well above similar-size plans (0.23%). 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 | $4,264,402 |
| Participant (employee) contributions | $7,075,793 |
| Other contributions (incl. rollovers in) | $1,397,834 |
| Administrative expenses paid from the plan | $279,698 |
| Contract administrator fees | $237,881 |
| Other admin expenses | $10,800 |
| Benefits paid out | $9,564,741 |
| Net assets, start / end of year | $67.5M / $79.6M |
| Active participants, start / end of year | 1,702 / 1,693 |
| Participants with account balances | 2,096 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Crowe LLP |
Largest service providers (Schedule C)
| Voya Retirement Insurance & Annuity | $249,272 reported compensation |
| Ubs Financial Services Inc | $80,999 reported compensation |
| Voya Retirement Advisors, LLC | $30,656 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250918100140NAL0002896002001, received 2025-09-18, EIN 26-3079534, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.