Plan Snapshot
- Plan Sponsor: Crete Mechanical Group, INC.
- Sponsor EIN: 853064334
- Sponsor Address: 3600 SOUTH BOULEVARD SUITE 400, CHARLOTTE, NC, 28209
- Plan Type: 401(k)
- Total Participants: 1,363
- Total Assets: $116.3M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 1,363 | $116.3M | $3.5M | $7.6M |
| 2023 | 1,589 | $92.5M | $2.1M | $3.5M |
| 2022 | 0 | $3.8M | $342,200 | $741,928 |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| EMPOWER LIFE & ANNUITY INSURANCE CO | Recordkeeper | $173,370 | — | $173,370 |
| ONEDIGITAL INVESTMENT ADVISORS LLC | Investment Advisor | $75,000 | — | $75,000 |
| EMPOWER ADVISORY GROUP, LLC | Investment Advisor | $53,509 | — | $53,509 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ONEDIGITAL INVESTMENT ADVISORS LLC — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $301,879
- Estimated Expense Ratio: 0.259% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $277,925 | $104,555 | — | — | — |
| 2023 | $91,676 | $89,676 | — | — | — |
| 2022 | $25,120 | — | $25,120 | — | — |