Maxim Crane Works, LP 401(k) Review & Grade
Maxim Crane Works LP 401(k) Plan
Canonsburg, PAReal Estate & Rental638 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$3,202Employer $ per active participant
$7,291Employee $ saved per active participant
0.20%Direct admin cost, % of plan assets
$106.6MNet plan assets, end of year
$131,238Average balance per account
Score breakdown
- Employer generosity41.9 / 5084th percentile for employer $ per participant
- Low cost13.5 / 2554th percentile for low admin cost vs. same-size plans
- Employee saving12.8 / 1585th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score78 / 100 · Grade A
This plan vs. peers
Peers: Real Estate & Rental plans with 500–2,499 active participants (291 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 84th |
| Lower admin cost | 54th |
| Employee saving | 85th |
| Peers that auto-enroll | 47% |
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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
- Maxim Crane Works, LP put in about $3,202 per active participant, more than the typical peer ($1,279). 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 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 | $2,044,773 |
| Participant (employee) contributions | $4,655,254 |
| Other contributions (incl. rollovers in) | $1,070,019 |
| Administrative expenses paid from the plan | $205,547 |
| Investment advisory & management fees | $101,855 |
| Benefits paid out | $11,764,937 |
| Net assets, start / end of year | $97.1M / $106.6M |
| Active participants, start / end of year | 680 / 597 |
| Participants with account balances | 812 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Dean Dorton Allen Ford PLLC |
Largest service providers (Schedule C)
| Raymond James & Associates Inc | $101,855 reported compensation |
| Capital Group Retirement Plan Svcs. | $95,247 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014135010NAL0002940945001, received 2025-10-14, EIN 25-1739175, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.