Crane Company 401(k) Review & Grade
Crane Savings and Investment Plan
Stamford, CTManufacturing3,988 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$5,156Employer $ per active participant
$8,142Employee $ saved per active participant
0.08%Direct admin cost, % of plan assets
$1.2BNet plan assets, end of year
$155,434Average balance per account
Score breakdown
- Employer generosity35.4 / 5071th percentile for employer $ per participant
- Low cost15.9 / 2564th percentile for low admin cost vs. same-size plans
- Employee saving10.4 / 1569th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score52 / 100 · Grade C
This plan vs. peers
Peers: Manufacturing plans with 2,500–9,999 active participants (566 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 71th |
| Lower admin cost | 64th |
| Employee saving | 69th |
| Peers that auto-enroll | 70% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($11,258 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $446,803 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Crane put in about $5,156 per active participant, more than the typical peer ($3,452). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- 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.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $20,560,064 |
| Participant (employee) contributions | $32,465,077 |
| Other contributions (incl. rollovers in) | $6,152,053 |
| Administrative expenses paid from the plan | $919,941 |
| Other admin expenses | $919,941 |
| Benefits paid out | $118,450,205 |
| Net assets, start / end of year | $1.1B / $1.2B |
| Active participants, start / end of year | 3,821 / 4,154 |
| Participants with account balances | 7,586 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Deloitte & Touche LLP |
| Employer stock held by plan | $85,926,972 |
Largest service providers (Schedule C)
| Vanguard Advisers Inc. | $463,352 reported compensation |
| The Vanguard Group, Inc. | $400,512 reported compensation |
| Capfinancial Partners LLC | $68,750 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250612154853NAL0049246114001, received 2025-06-12, EIN 88-2846451, plan #038, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.