Crown Battery Manufacturing Company 401(k) Review & Grade
Crown Battery Manufacturing Company 401(k) Profit Sharing Plan
Fremont, OHManufacturing501 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,275Employer $ per active participant
$4,369Employee $ saved per active participant
0.04%Direct admin cost, % of plan assets
$48.8MNet plan assets, end of year
$90,123Average balance per account
Score breakdown
- Employer generosity24.7 / 5049th percentile for employer $ per participant
- Low cost22.2 / 2589th percentile for low admin cost vs. same-size plans
- Employee saving6.4 / 1542th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score60 / 100 · Grade B
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 49th |
| Lower admin cost | 89th |
| Employee saving | 42th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
Corrective distributions: the plan refunded $26,449 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Crown Battery Manufacturing put in about $2,275 per active participant, below the typical peer ($2,320). 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 | $1,139,945 |
| Participant (employee) contributions | $2,189,028 |
| Other contributions (incl. rollovers in) | $386,566 |
| Administrative expenses paid from the plan | $20,866 |
| Contract administrator fees | $20,866 |
| Benefits paid out | $5,064,903 |
| Net assets, start / end of year | $44.4M / $48.8M |
| Active participants, start / end of year | 519 / 483 |
| Participants with account balances | 542 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | William Vaughan Company |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $20,866 reported compensation |
| Wilshire Advisors LLC | $0 reported compensation |
| Morningstar Investment Management L | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20260708141524NAL0017263251001, received 2026-07-08, EIN 34-4481335, plan #002, plan year 2024-10-01 to 2025-09-30. Verify at efast.dol.gov.