Crowther Roofing and Sheet Metal of Florida, Inc. 401(k) Review & Grade
Crowther Roofing Company, Inc., 401(k) Profit Sharing Plan and Trust
Fort Myers, FLConstruction718 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$60Employer $ per active participant
$721Employee $ saved per active participant
0.61%Direct admin cost, % of plan assets
$7.5MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity2.2 / 504th percentile for employer $ per participant
- Low cost4.2 / 2517th percentile for low admin cost vs. same-size plans
- Employee saving0.9 / 156th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
- Red-flag deductions-3 pts1 issue reported on the filing
Total score4 / 100 · Grade F
This plan vs. peers
Peers: Construction plans with 500–2,499 active participants (498 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 4th |
| Lower admin cost | 17th |
| Employee saving | 6th |
| Peers that auto-enroll | 44% |
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Red flags from the filing
Corrective distributions: the plan refunded $54,694 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Crowther Roofing and Sheet Metal of Florida put in about $60 per active participant, below the typical peer ($1,672). 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 (0.61% 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 | $42,692 |
| Participant (employee) contributions | $517,355 |
| Other contributions (incl. rollovers in) | – |
| Administrative expenses paid from the plan | $44,090 |
| Benefits paid out | $773,310 |
| Net assets, start / end of year | $6.9M / $7.5M |
| Active participants, start / end of year | 701 / 734 |
| Participants with account balances | 102 |
| Auto-enrollment (feature code 2S) | Not reported |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250929093327NAL0017595170002, received 2025-09-29, EIN 65-0653836, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.