Crown Equipment Corporation 401(k) Review & Grade
Crown Equipment Corporation 401(k) Retirement Savings Plan and Trust
New Bremen, OHManufacturing13,432 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$3,193Employer $ per active participant
$5,526Employee $ saved per active participant
0.09%Direct admin cost, % of plan assets
$1.3BNet plan assets, end of year
$82,217Average balance per account
Score breakdown
- Employer generosity13.0 / 5026th percentile for employer $ per participant
- Low cost12.0 / 2548th percentile for low admin cost vs. same-size plans
- Employee saving4.0 / 1527th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score39 / 100 · Grade D
This plan vs. peers
Peers: Manufacturing plans with 10,000+ active participants (151 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 26th |
| Lower admin cost | 48th |
| Employee saving | 27th |
| Peers that auto-enroll | 69% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Crown Equipment put in about $3,193 per active participant, below the typical peer ($5,480). 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 | $42,884,809 |
| Participant (employee) contributions | $74,226,938 |
| Other contributions (incl. rollovers in) | $4,455,462 |
| Administrative expenses paid from the plan | $1,079,422 |
| Investment advisory & management fees | $120,000 |
| Benefits paid out | $93,468,455 |
| Net assets, start / end of year | $1.1B / $1.3B |
| Active participants, start / end of year | 13,043 / 13,821 |
| Participants with account balances | 15,424 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Brady, Ware and Schoenfeld, Inc. |
Largest service providers (Schedule C)
| Merrill Lynch, Pierce, Fenner and S | $939,922 reported compensation |
| Clearstead Advisors, LLC | $120,000 reported compensation |
| Brady, Ware & Schoenfeld, Inc. | $19,500 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014145624NAL0001541123001, received 2025-10-14, EIN 34-4412691, plan #004, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.