Crown Cork & Seal Company, Inc. 401(k) Review & Grade
Crown Cork & Seal Company, Inc. 401(k) Retirement Savings Plan
Yardley, PAManufacturing1,992 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,344Employer $ per active participant
$7,945Employee $ saved per active participant
0.09%Direct admin cost, % of plan assets
$316.8MNet plan assets, end of year
$125,211Average balance per account
Score breakdown
- Employer generosity25.3 / 5051th percentile for employer $ per participant
- Low cost19.4 / 2578th percentile for low admin cost vs. same-size plans
- Employee saving12.0 / 1580th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score64 / 100 · Grade B
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 51th |
| Lower admin cost | 78th |
| Employee saving | 80th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
Corrective distributions: the plan refunded $2,609 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Crown Cork & Seal Company put in about $2,344 per active participant, more than the typical peer ($2,320). 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.
- 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 | $4,669,886 |
| Participant (employee) contributions | $15,825,834 |
| Other contributions (incl. rollovers in) | $974,285 |
| Administrative expenses paid from the plan | $260,904 |
| Investment advisory & management fees | $118,383 |
| Other admin expenses | $51,497 |
| Benefits paid out | $33,062,622 |
| Net assets, start / end of year | $291.7M / $316.8M |
| Active participants, start / end of year | 2,022 / 1,962 |
| Participants with account balances | 2,530 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Withumsmith+brown, PC |
| Employer stock held by plan | $14,781,046 |
Largest service providers (Schedule C)
| The Vanguard Group | $247,419 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250617132755NAL0000838563001, received 2025-06-17, EIN 23-1526444, plan #100, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.