Retirement plan

CROWN EQUIPMENT CORPORATION 401(K) RETIREMENT SAVINGS PLAN AND TRUST

Name: CROWN EQUIPMENT CORPORATION - CROWN EQUIPMENT CORPORATION 401(K) RETIREMENT SAVINGS PLAN AND TRUST (2023) Form 5500
Creator: CROWN EQUIPMENT CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CROWN EQUIPMENT CORPORATION 401(K) RETIREMENT SAVINGS PLAN AND TRUST, CROWN EQUIPMENT CORPORATION

CROWN EQUIPMENT CORPORATIONEIN 34-4412691Plan #004PY 2023

44 S WASHINGTON STREET - NEW BREMEN, OH 45869419-629-2311crown.comLinkedIn10001+ employeestransportation/trucking/railroad

Other plans on this EIN

1 filing

#001Retirement-$447.1M assets

Prospect flagsLow assets / participantLow participant contribution

How to read this page

Total assets (EOY)

$1092.3M

-12.4% from 2016

Total participants

15,109

-7.2% from 2016

Average account balance

$74,489

-5.6% from 2016

Annual return

17.96%

-9.25 pp from 2016

Benchmarks

See 93 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants>=10,000

Cohort93 peers

Snapshot2023

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$1.27B

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$82K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

15,424

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

96.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$117.11M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+13.93%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$70

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Top 3 by compensation

Provider	Service type	Compensation
MERRILL LYNCH PIERCE FENNER & SMITH8 years Filed as: MERRILL LYNCH, PIERCE, FENNER AND S Service code 15 · EIN 13-5674085	Recordkeeping	$789,585
CLEARSTEAD ADVISORS, LLC5 years Service code 11 · EIN 34-1597728	Actuarial	$120,000
BRADY, WARE & SCHOENFELD, INC.7 years Service code 10 · EIN 35-1476702	Accounting	$17,800

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3H

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

2 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$927K

$71 / participant

Recordkeeping$790K85.1%
Other / not subdivided$138K14.9%

% of EOY assets

0.085%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: BRADY, WARE AND SCHOENFELD, INC.
Auditor EIN: 351476702
Audit fees: $17,800
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$74,489

$161,802-54.0%

$96,564-22.9%

$96,393-22.7%

Participation rate

96.6%

92.5%+4.1pp

76.0%+20.6pp

71.3%+25.3pp

Annual return

17.96%

18.41%-0.5pp

25.89%-7.9pp

22.88%-4.9pp

Employer contribution / active EE

$2,986

$5,381-44.5%

$2,967+0.6%

$3,239-7.8%

Participant deferral / active EE

$5,109

$8,927-42.8%

$4,852+5.3%

$5,455-6.3%

Admin fee / account holder

$63

$61+3.8%

$8,256-99.2%

$74-14.4%

Provider

Service type

Compensation

MERRILL LYNCH PIERCE FENNER & SMITH8 years

Filed as: MERRILL LYNCH, PIERCE, FENNER AND S

Service code 15 · EIN 13-5674085

Recordkeeping

$789,585

CLEARSTEAD ADVISORS, LLC5 years

Service code 11 · EIN 34-1597728

Actuarial

$120,000

BRADY, WARE & SCHOENFELD, INC.7 years

Service code 10 · EIN 35-1476702

Accounting

$17,800

CROWN EQUIPMENT CORPORATION 401(K) RETIREMENT SAVINGS PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CROWN EQUIPMENT CORPORATION 401(K) RETIREMENT SAVINGS PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion