Retirement plan

CROSSTOWN ELECTRICAL & DATA, INC. 401(K) PLAN

Name: CROSSTOWN ELECTRICAL & DATA, INC. - CROSSTOWN ELECTRICAL & DATA, INC. 401(K) PLAN (2020) Form 5500
Creator: CROSSTOWN ELECTRICAL & DATA, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CROSSTOWN ELECTRICAL & DATA, INC. 401(K) PLAN, CROSSTOWN ELECTRICAL & DATA, INC.

CROSSTOWN ELECTRICAL & DATA, INC.EIN 22-3611877Plan #001PY 2020

5454 DIAZ STREET - IRWINDALE, CA 91706626-813-6693LinkedIn11-50 employeestelecommunications

Other plans on this EIN

2 filings

#002Retirement-$805K assets #003Retirement-$185K assets

Prospect flagsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$680K

+1531.8% from 2019

Total participants

+7.7% from 2019

Average account balance

$48,582

+1182.1% from 2019

Annual return

1398.57%

+1395.74 pp from 2019

Benchmarks

See 42,043 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants<25

Cohort42,043 peers

Snapshot2020

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$1.90M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$29K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

124.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$233K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+19.59%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$1613

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

0 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2F2G2J2T3D

Plan features

2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$79K

$7197 / participant

Other / not subdivided$79K100.0%

% of EOY assets

11.640%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$48,582

$115,796-58.0%

$101,264-52.0%

$158,950-69.4%

Participation rate

100.0%

79.4%+20.6pp

75.8%+24.2pp

82.0%+18.0pp

Annual return

1398.57%

56.15%+1342.4pp

46.48%+1352.1pp

302.91%+1095.7pp

Employer contribution / active EE

$1,750

$4,175-58.1%

$3,660-52.2%

$4,762-63.2%

Participant deferral / active EE

$10,130

$4,958+104.3%

$4,370+131.8%

$5,983+69.3%

Admin fee / account holder

$5,655

$7,247-22.0%

$5,947-4.9%

$11,248-49.7%

CROSSTOWN ELECTRICAL & DATA, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CROSSTOWN ELECTRICAL & DATA, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion