1 critical issueNew plan
Crc Insurance Group, LLC
31-1746517· Charlotte, NC· Fidelity· 2024 filing· vs 95 plans your size
NEW
Not graded
New plan status
New plan — not graded until a full filing year is available.
–
Fees
–
Financial Wellness
C
Plan design
C
Compliance
Fees
Not graded for a new plan because the first filing does not disclose reliable ongoing fees.
Financial Wellness
Not graded until the plan has a full year of contribution and balance history.
Plan design
Good base, but no automatic enrollment. That's the top thing to add.
Employer match
The plan matches employee contributions, the single strongest driver of participation and savings.
Profit sharing
The employer also makes profit-sharing contributions on top of the match.
No automatic enrollment
Employees have to opt in themselves. Auto-enrollment is the easiest way to lift participation, and most newly started plans are now required to include it.
Safe harbor
Guaranteed employer contributions exempt the plan from annual IRS testing, so owners and higher earners can contribute the full limit.
Default investment (QDIA)
Employees who never pick investments land in a sensible default, usually a target-date fund, instead of cash.
Brokerage window
Employees can invest beyond the core fund menu through a self-directed brokerage account.
Compliance & health
1 critical issue on the latest filing. These need attention.
Failed IRS fairness test
The plan failed its annual IRS fairness test and had to refund contributions to higher-paid employees. A safe harbor design eliminates this problem entirely.
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Fidelity
No provider notes available.
Key insights
- This is an initial filing. Fees, financial wellness, and a clean compliance record need a full filing year before they can be graded.
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