Crown Cork & Seal Company, Inc. 401(k) Review & Grade
Crown Cork & Seal Company, Inc. Retirement Thrift Plan
Yardley, PAManufacturing2,140 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,084Employer $ per active participant
$3,878Employee $ saved per active participant
0.11%Direct admin cost, % of plan assets
$180.0MNet plan assets, end of year
$76,913Average balance per account
Score breakdown
- Employer generosity9.6 / 5019th percentile for employer $ per participant
- Low cost18.1 / 2573th percentile for low admin cost vs. same-size plans
- Employee saving5.2 / 1535th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score43 / 100 · Grade D
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 19th |
| Lower admin cost | 73th |
| Employee saving | 35th |
| Peers that auto-enroll | 59% |
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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
- Crown Cork & Seal Company put in about $1,084 per active participant, below the typical peer ($2,320). 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 | $2,319,834 |
| Participant (employee) contributions | $8,301,530 |
| Other contributions (incl. rollovers in) | $309,975 |
| Administrative expenses paid from the plan | $186,835 |
| Investment advisory & management fees | $75,012 |
| Other admin expenses | $27,964 |
| Benefits paid out | $22,113,950 |
| Net assets, start / end of year | $170.0M / $180.0M |
| Active participants, start / end of year | 2,216 / 2,065 |
| Participants with account balances | 2,340 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Withumsmith+brown, PC |
| Employer stock held by plan | $4,154,160 |
Largest service providers (Schedule C)
| The Vanguard Group | $185,300 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250617133404NAL0000940195001, received 2025-06-17, EIN 23-1526444, plan #105, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.