Retirement plan

CRISP INDUSTRIES, LLC 401(K) PLAN

Name: CRISP INDUSTRIES, LLC - CRISP INDUSTRIES, LLC 401(K) PLAN (2024) Form 5500
Creator: CRISP INDUSTRIES, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CRISP INDUSTRIES, LLC 401(K) PLAN, CRISP INDUSTRIES, LLC

CRISP INDUSTRIES, LLCEIN 75-2297703Plan #001PY 2024

P.O. BOX 326 - BRIDGEPORT, TX 76426940-683-4070crispindustries.comLinkedIn51-200 employeesconstruction

Prospect flagsFailed to transmit contributions

How to read this page

Total assets (EOY)

$10.4M

+25.4% from 2023

Total participants

111

-11.9% from 2023

Average account balance

$114,794

+48.9% from 2023

Annual return

25.47%

+9.66 pp from 2023

Benchmarks

See 14,172 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants25-99

Cohort14,172 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$10.44M

Not enough data

1 years with asset history on file

Average account balance

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

$115K

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.

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.

79.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$660K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+12.22%

Not enough data

1 years with return on file

Admin fee / account holder

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

$21427

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

0 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
EDWARD JONES4 years Service code 27 12555 MANCHESTER RD · ST LOUIS, MO 63131	Advisory (Plan)	$32,047
LOREN D. STARK COMPANY4 years Filed as: LOREN D STARK COMPANY Service code 13 10750 ROCKLEY RD · HOUSTON, TX 77099	Contract Administrator	$4,418
AMERICAN FUNDS4 years Filed as: CAPITAL GROUP RETIREMENT PLAN SERVI Service code 64 6455 IRVINE CENTER DRIVE · IRVINE, CA 92618	Recordkeeping Fees	$1,025

Plan features & details

Pension benefit codes2E2F2G2J2K3D

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.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.

Opportunity flags

1 tripped

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Plan-level admin expenses are zero - fees are likely paid at the master-trust level rather than the individual plan.

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: MWH GROUP, P.C.
Auditor EIN: 752205423
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$114,794

$86,919+32.1%

$102,457+12.0%

$80,911+41.9%

Participation rate

79.2%

72.4%+6.8pp

76.5%+2.7pp

67.6%+11.5pp

Annual return

25.47%

18.90%+6.6pp

29.41%-3.9pp

35.63%-10.2pp

Employer contribution / active EE

$2,275

$2,368-3.9%

$3,022-24.7%

$2,756-17.4%

Participant deferral / active EE

$4,123

$4,119+0.1%

$5,054-18.4%

$4,297-4.1%

Admin fee / account holder

-$594

$8,049-107.4%

$9,451-106.3%

$6,935-108.6%

Provider

Service type

Compensation

EDWARD JONES4 years

Service code 27

12555 MANCHESTER RD · ST LOUIS, MO 63131

Advisory (Plan)

$32,047

LOREN D. STARK COMPANY4 years

Filed as: LOREN D STARK COMPANY

Service code 13

10750 ROCKLEY RD · HOUSTON, TX 77099

Contract Administrator

$4,418

AMERICAN FUNDS4 years

Filed as: CAPITAL GROUP RETIREMENT PLAN SERVI

Service code 64

6455 IRVINE CENTER DRIVE · IRVINE, CA 92618

Recordkeeping Fees

$1,025

CRISP INDUSTRIES, LLC 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CRISP INDUSTRIES, LLC 401(K) PLAN

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