CRC Insurance Group, LLC 401(k) Review & Grade
Tih Insurance Holdings, LLC 401(k) Savings Plan
Charlotte, NCFinance & Insurance8,234 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,496Employer $ per active participant
$5,195Employee $ saved per active participant
0.01%Direct admin cost, % of plan assets
$1.6BNet plan assets, end of year
$192,764Average balance per account
Score breakdown
- Employer generosity9.1 / 5018th percentile for employer $ per participant
- Low cost24.2 / 2597th percentile for low admin cost vs. same-size plans
- Employee saving1.9 / 1513th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score35 / 100 · Grade D
This plan vs. peers
Peers: Finance & Insurance plans with 2,500–9,999 active participants (199 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 18th |
| Lower admin cost | 97th |
| Employee saving | 13th |
| Peers that auto-enroll | 66% |
Red flags from the filing
Corrective distributions: the plan refunded $21,476 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- CRC Insurance Group put in about $2,496 per active participant, below the typical peer ($4,489). 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.
- 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.
- 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 | $20,551,656 |
| Participant (employee) contributions | $42,780,314 |
| Other contributions (incl. rollovers in) | $13,932,695 |
| Administrative expenses paid from the plan | $200,012 |
| Contract administrator fees | $600 |
| Investment advisory & management fees | $157,972 |
| Benefits paid out | $215,918,687 |
| Net assets, start / end of year | $0 / $1.6B |
| Active participants, start / end of year | 9,826 / 6,643 |
| Participants with account balances | 8,434 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Carr, Riggs, and Ingram L.L.C |
| Employer stock held by plan | $26,027,479 |
Largest service providers (Schedule C)
| Strategic Advisors, Inc. | $158,236 reported compensation |
| Fidelity Investments Institutional | $45,108 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014115940NAL0002829873001, received 2025-10-14, EIN 31-1746517, plan #001, plan year 2024-05-07 to 2024-12-31. Verify at efast.dol.gov.
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