Crescent City Schools 401(k) Review & Grade
Crescent City Schools 401(k) Plan
New Orleans, LAEducational Services506 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,785Employer $ per active participant
$2,466Employee $ saved per active participant
0.53%Direct admin cost, % of plan assets
$16.2MNet plan assets, end of year
$23,636Average balance per account
Score breakdown
- Employer generosity34.3 / 5069th percentile for employer $ per participant
- Low cost5.3 / 2521th percentile for low admin cost vs. same-size plans
- Employee saving6.6 / 1544th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score49 / 100 · Grade C
This plan vs. peers
Peers: Educational Services plans with 500–2,499 active participants (144 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 69th |
| Lower admin cost | 21th |
| Employee saving | 44th |
| Peers that auto-enroll | 37% |
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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
- Crescent City Schools put in about $1,785 per active participant, more than the typical peer ($1,225). 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 (0.53% 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 | $903,055 |
| Participant (employee) contributions | $1,248,004 |
| Other contributions (incl. rollovers in) | $71,286 |
| Administrative expenses paid from the plan | $78,824 |
| Contract administrator fees | $78,824 |
| Benefits paid out | $1,312,312 |
| Net assets, start / end of year | $13.4M / $16.2M |
| Active participants, start / end of year | 559 / 453 |
| Participants with account balances | 687 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Ericksen Krentel LLP |
Largest service providers (Schedule C)
| Lincoln National Corporation | $57,854 reported compensation |
| The Haslauer Group, Inc | $20,970 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20260325162535NAL0002351875001, received 2026-03-25, EIN 27-2811737, plan #001, plan year 2024-07-01 to 2025-06-30. Verify at efast.dol.gov.