Crst Expedited Inc 401(k) Review & Grade
Crst Expedited Inc D/B/A Crst the Transportation Solution Inc PS 401(k) Plan
Cedar Rapids, IATransportation & Warehousing4,757 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$548Employer $ per active participant
$1,804Employee $ saved per active participant
0.36%Direct admin cost, % of plan assets
$100.6MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity7.8 / 5016th percentile for employer $ per participant
- Low cost4.6 / 2518th percentile for low admin cost vs. same-size plans
- Employee saving2.6 / 1517th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score15 / 100 · Grade F
This plan vs. peers
Peers: Transportation & Warehousing plans with 2,500–9,999 active participants (123 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 16th |
| Lower admin cost | 18th |
| Employee saving | 17th |
| Peers that auto-enroll | 46% |
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Red flags from the filing
Corrective distributions: the plan refunded $280,764 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Crst Expedited put in about $548 per active participant, below the typical peer ($1,834). 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 (0.36% of assets) are well above similar-size plans (0.12%). 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 | $2,606,355 |
| Participant (employee) contributions | $8,580,385 |
| Other contributions (incl. rollovers in) | $1,222,014 |
| Administrative expenses paid from the plan | $347,789 |
| Investment advisory & management fees | $142,223 |
| Benefits paid out | $19,051,661 |
| Net assets, start / end of year | $94.7M / $100.6M |
| Active participants, start / end of year | 5,303 / 4,211 |
| Participants with account balances | 2,093 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Forge Financial & Mgmt. Consulting |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company O | $205,566 reported compensation |
| Commonwealth Equity Services LLC DB | $127,460 reported compensation |
| Empower Advisory Group, LLC | $14,763 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251010140709NAL0008280289001, received 2025-10-10, EIN 42-0750182, plan #008, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.