Crescent Crown Distributing 401(k) Review & Grade
Crescent Crown Distributing, L.L.C. Profit Sharing and 401(k) Savings Plan
New Orleans, LAWholesale Trade1,480 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,152Employer $ per active participant
$3,332Employee $ saved per active participant
0.24%Direct admin cost, % of plan assets
$65.7MNet plan assets, end of year
$37,732Average balance per account
Score breakdown
- Employer generosity14.8 / 5030th percentile for employer $ per participant
- Low cost12.0 / 2548th percentile for low admin cost vs. same-size plans
- Employee saving4.2 / 1528th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score38 / 100 · Grade D
This plan vs. peers
Peers: Wholesale Trade plans with 500–2,499 active participants (603 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 30th |
| Lower admin cost | 48th |
| Employee saving | 28th |
| Peers that auto-enroll | 53% |
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Red flags from the filing
Corrective distributions: the plan refunded $27,488 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Crescent Crown Distributing put in about $1,152 per active participant, below the typical peer ($1,792). 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.
- 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.
- 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 | $1,706,095 |
| Participant (employee) contributions | $4,932,699 |
| Other contributions (incl. rollovers in) | $223,176 |
| Administrative expenses paid from the plan | $149,312 |
| Investment advisory & management fees | $5,368 |
| Benefits paid out | $4,408,805 |
| Net assets, start / end of year | $56.6M / $65.7M |
| Active participants, start / end of year | 1,466 / 1,495 |
| Participants with account balances | 1,741 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Malcolm M. Dienes, LLC |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company O | $143,944 reported compensation |
| Advised Assets Group, LLC | $5,368 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250909140727NAL0012633139001, received 2025-09-09, EIN 72-1491835, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.