Crye-Leike, Inc. 401(k) Review & Grade
Crye-Leike, Inc. 401(k) Plan
Memphis, TNReal Estate & Rental588 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$0Employer $ per active participant
$1,990Employee $ saved per active participant
0.71%Direct admin cost, % of plan assets
$13.5MNet plan assets, end of year
$21,784Average balance per account
Score breakdown
- Employer generosity1.7 / 503th percentile for employer $ per participant
- Low cost3.1 / 2513th percentile for low admin cost vs. same-size plans
- Employee saving3.8 / 1526th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score2 / 100 · Grade F
This plan vs. peers
Peers: Real Estate & Rental plans with 500–2,499 active participants (291 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 3th |
| Lower admin cost | 13th |
| Employee saving | 26th |
| Peers that auto-enroll | 47% |
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Red flags from the filing
Benefits not paid when due: the plan reported failing to pay some benefits on time.
What to do if you're in this plan
- Crye-Leike put in about $0 per active participant, below the typical peer ($1,279). 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 (0.71% 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 | $50 |
| Participant (employee) contributions | $1,169,886 |
| Other contributions (incl. rollovers in) | $0 |
| Administrative expenses paid from the plan | $87,979 |
| Investment advisory & management fees | $37,985 |
| Benefits paid out | $373,780 |
| Net assets, start / end of year | $11.2M / $13.5M |
| Active participants, start / end of year | 567 / 609 |
| Participants with account balances | 621 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | The Marston Group, LLC |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $49,994 reported compensation |
| Regions Bank | $37,985 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250930205602NAL0015343920001, received 2025-09-30, EIN 62-0989110, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.