Cregger Company, Inc. 401(k) Review & Grade
Cregger Co., Inc. 401(k)
Irmo, SCWholesale Trade910 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,305Employer $ per active participant
$4,094Employee $ saved per active participant
0.11%Direct admin cost, % of plan assets
$53.6MNet plan assets, end of year
$103,747Average balance per account
Score breakdown
- Employer generosity17.0 / 5034th percentile for employer $ per participant
- Low cost17.9 / 2572th percentile for low admin cost vs. same-size plans
- Employee saving6.2 / 1541th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score34 / 100 · Grade D
This plan vs. peers
Peers: Wholesale Trade plans with 500–2,499 active participants (603 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 34th |
| Lower admin cost | 72th |
| Employee saving | 41th |
| Peers that auto-enroll | 53% |
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Red flags from the filing
Auditor concern: the independent auditor gave a qualified or adverse opinion.
What to do if you're in this plan
- Cregger Company put in about $1,305 per active participant, below the typical peer ($1,792). 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 | $1,187,973 |
| Participant (employee) contributions | $3,727,630 |
| Other contributions (incl. rollovers in) | $1,548,733 |
| Administrative expenses paid from the plan | $55,409 |
| Contract administrator fees | $10,093 |
| Investment advisory & management fees | $45,316 |
| Benefits paid out | $5,480,059 |
| Net assets, start / end of year | $46.8M / $53.6M |
| Active participants, start / end of year | 872 / 949 |
| Participants with account balances | 517 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Scott and Company, LLC |
Largest service providers (Schedule C)
| Global Retirement Partners LLC | $45,337 reported compensation |
| Principal Life Insurance Company | $10,093 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250924154429NAL0017455826001, received 2025-09-24, EIN 57-0673420, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.