Cranial Technologies, Inc. 401(k) Review & Grade
Cranial Technologies, Inc. 401(k) Plan
Tempe, AZHealth Care & Social Assistance758 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,436Employer $ per active participant
$4,897Employee $ saved per active participant
0.41%Direct admin cost, % of plan assets
$38.9MNet plan assets, end of year
$42,181Average balance per account
Score breakdown
- Employer generosity38.4 / 5077th percentile for employer $ per participant
- Low cost7.5 / 2530th percentile for low admin cost vs. same-size plans
- Employee saving11.7 / 1578th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score61 / 100 · Grade B
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 77th |
| Lower admin cost | 30th |
| Employee saving | 78th |
| Peers that auto-enroll | 36% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Cranial Technologies put in about $2,436 per active participant, more than the typical peer ($976). 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.
- Direct plan expenses (0.41% 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 | $1,847,546 |
| Participant (employee) contributions | $3,714,103 |
| Other contributions (incl. rollovers in) | $976,558 |
| Administrative expenses paid from the plan | $140,067 |
| Contract administrator fees | $140,067 |
| Benefits paid out | $2,255,828 |
| Net assets, start / end of year | $29.9M / $38.9M |
| Active participants, start / end of year | 715 / 802 |
| Participants with account balances | 923 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Cbiz Cpas P.C |
Largest service providers (Schedule C)
| Edward Jones | $53,159 reported compensation |
| Wilshire Associates Inc (USA) | $7,088 reported compensation |
| John Hancock Life Insurance Company | $3,700 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251010132439NAL0004283731001, received 2025-10-10, EIN 86-0736917, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.