Crown Laboratories,inc. 401(k) Review & Grade
Crown Laboratories, Inc. 401(k) Profit Sharing Plan
Johnson City, TNManufacturing674 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,399Employer $ per active participant
$4,944Employee $ saved per active participant
0.12%Direct admin cost, % of plan assets
$27.1MNet plan assets, end of year
$43,409Average balance per account
Score breakdown
- Employer generosity25.9 / 5052th percentile for employer $ per participant
- Low cost17.4 / 2570th percentile for low admin cost vs. same-size plans
- Employee saving7.5 / 1550th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score44 / 100 · Grade D
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 52th |
| Lower admin cost | 70th |
| Employee saving | 50th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($1,546 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- Crown Laboratories,inc. put in about $2,399 per active participant, more than the typical peer ($2,320). 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.
- 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 reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $1,618,097 |
| Participant (employee) contributions | $3,334,594 |
| Other contributions (incl. rollovers in) | $814,287 |
| Administrative expenses paid from the plan | $24,736 |
| Benefits paid out | $3,311,315 |
| Net assets, start / end of year | $14.4M / $27.1M |
| Active participants, start / end of year | 631 / 718 |
| Participants with account balances | 624 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Blackburn, Childers & Steagall, PLC |
Largest service providers (Schedule C)
| Ubs Financial Services Inc. | $56,267 reported compensation |
| Qualified Plan Adminiistrators Inc | $26,094 reported compensation |
| Empower Annuity Ins Co of America | $5,994 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015155520NAL0002703667001, received 2025-10-15, EIN 62-1840490, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.