Crowe LLP 401(k) Review & Grade
Crowe LLP Retirement Plan
South Bend, INProfessional, Scientific & Technical Services5,102 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,716Employer $ per active participant
$7,386Employee $ saved per active participant
0.04%Direct admin cost, % of plan assets
$1.3BNet plan assets, end of year
$159,480Average balance per account
Score breakdown
- Employer generosity15.4 / 5031th percentile for employer $ per participant
- Low cost21.8 / 2587th percentile for low admin cost vs. same-size plans
- Employee saving6.1 / 1540th percentile for employee $ per participant
- Plan features7 / 10Auto-enrollment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score47 / 100 · Grade C
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 2,500–9,999 active participants (231 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 31th |
| Lower admin cost | 87th |
| Employee saving | 40th |
| Peers that auto-enroll | 47% |
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Red flags from the filing
Corrective distributions: the plan refunded $2,574 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Crowe LLP put in about $1,716 per active participant, below the typical peer ($2,951). 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.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- 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 | $8,754,492 |
| Participant (employee) contributions | $37,685,552 |
| Other contributions (incl. rollovers in) | $8,831,662 |
| Administrative expenses paid from the plan | $443,197 |
| Investment advisory & management fees | $278,393 |
| Benefits paid out | $85,309,293 |
| Net assets, start / end of year | $1.2B / $1.3B |
| Active participants, start / end of year | 5,365 / 4,840 |
| Participants with account balances | 7,934 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Frazier & Deeter, LLC |
Largest service providers (Schedule C)
| Vanguard Advisors Inc. | $276,143 reported compensation |
| The Vanguard Group Inc. | $167,054 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250731102550NAL0012898882001, received 2025-07-31, EIN 35-0921680, plan #002, plan year 2024-04-01 to 2024-12-31. Verify at efast.dol.gov.