Crescent Park Corporation 401(k) Review & Grade
Crescent Park Corporation 401(k) Plan
West Chester, OHTransportation & Warehousing792 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$357Employer $ per active participant
$1,458Employee $ saved per active participant
0.45%Direct admin cost, % of plan assets
$10.4MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity8.7 / 5017th percentile for employer $ per participant
- Low cost6.6 / 2526th percentile for low admin cost vs. same-size plans
- Employee saving3.3 / 1522th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score19 / 100 · Grade F
This plan vs. peers
Peers: Transportation & Warehousing plans with 500–2,499 active participants (392 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 17th |
| Lower admin cost | 26th |
| Employee saving | 22th |
| Peers that auto-enroll | 37% |
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Red flags from the filing
Corrective distributions: the plan refunded $77,139 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Crescent Park put in about $357 per active participant, below the typical peer ($1,070). 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 (0.45% 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 | $283,153 |
| Participant (employee) contributions | $1,155,859 |
| Other contributions (incl. rollovers in) | $594,546 |
| Administrative expenses paid from the plan | $42,747 |
| Investment advisory & management fees | $14,971 |
| Benefits paid out | $1,342,282 |
| Net assets, start / end of year | $8.4M / $10.4M |
| Active participants, start / end of year | 830 / 755 |
| Participants with account balances | 294 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Barnes Dennig |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company O | $27,776 reported compensation |
| Fifth Third Bank | $14,971 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251010101146NAL0012292080001, received 2025-10-10, EIN 31-1222308, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.