Crowne Management, LLC 401(k) Review & Grade
Crowne Management, LLC 401(k) and Profit Sharing Plan
Monroeville, ALHealth Care & Social Assistance2,172 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$265Employer $ per active participant
$1,614Employee $ saved per active participant
0.75%Direct admin cost, % of plan assets
$33.6MNet plan assets, end of year
$15,747Average balance per account
Score breakdown
- Employer generosity12.3 / 5025th percentile for employer $ per participant
- Low cost2.8 / 2511th percentile for low admin cost vs. same-size plans
- Employee saving5.3 / 1535th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score17 / 100 · Grade F
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 25th |
| Lower admin cost | 11th |
| Employee saving | 35th |
| Peers that auto-enroll | 36% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
Red flags from the filing
Benefits not paid when due: the plan reported failing to pay some benefits on time.
Corrective distributions: the plan refunded $13,679 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Crowne Management put in about $265 per active participant, below the typical peer ($976). 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 (0.75% 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.
- 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 | $575,836 |
| Participant (employee) contributions | $3,504,766 |
| Other contributions (incl. rollovers in) | $73,063 |
| Administrative expenses paid from the plan | $240,214 |
| Other admin expenses | $53,502 |
| Benefits paid out | $4,980,845 |
| Net assets, start / end of year | $30.4M / $33.6M |
| Active participants, start / end of year | 2,069 / 2,275 |
| Participants with account balances | 2,132 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Jackson Thornton & Co., P.C. |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $186,704 reported compensation |
| Regions Bank | $53,510 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251010112539NAL0008050145001, received 2025-10-10, EIN 56-2391858, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.