Retirement plan

CROSS COUNTRY INNS, INC. 401(K) RETIREMENT SAVINGS PLAN

Name: CROSS COUNTRY INNS, INC. - CROSS COUNTRY INNS, INC. 401(K) RETIREMENT SAVINGS PLAN (2017) Form 5500
Creator: CROSS COUNTRY INNS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CROSS COUNTRY INNS, INC. 401(K) RETIREMENT SAVINGS PLAN, CROSS COUNTRY INNS, INC.

CROSS COUNTRY INNS, INC.EIN 31-1104271Plan #001PY 2017

470 OLDE WORTHINGTON ROAD, SUITE 100 - WESTERVILLE, OH 43082614-540-2400LinkedIn11-50 employeesreal estate

Prospect flagsLow participationLow employer contribution

How to read this page

Total assets (EOY)

$3.9M

+20.2% from 2016

Total participants

222

-9.0% from 2016

Average account balance

$31,896

+22.2% from 2016

Annual return

15.29%

+8.69 pp from 2016

Benchmarks

See 939 peers

Peer group

Industry53 - Real Estate and Rental and Leasing

Plan typeDefined contribution

Participants100-249

Cohort939 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.28M

Not enough data

1 years with asset history on file

Average account balance

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

$44K

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.

167

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.

41.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$496K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+11.43%

Not enough data

1 years with return on file

Admin fee / account holder

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

$173

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

1 years with F_SCH_H allocation on file

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Service providers

Top 4 by compensation

Provider	Service type	Compensation
NATIONWIDE3+ years Service code 26 · EIN 31-1592130 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Advisory (Participants)	$22,480
THE PENSION DESIGN GROUP3+ years Service code 14 · EIN 31-1081385 760 LAKEVIEW PLAZA BLVD · WORTHINGTON, OH 430856720	Plan Administrator	$10,724
LINCOLN NATIONAL CORPORATION1 year Filed as: LINCOLN FINANCIAL ADVISORS COR Service code 14	Plan Administrator	$4,563
THE PENSION DESIGN GROUP3+ years Filed as: PENSION DESIGN GROUP Service code 21	Bank Trustee	$2,130

Plan features & details

Pension benefit codes2E2F2G2J2K3D3H

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$32K

$185 / participant

Other / not subdivided$32K100.0%

% of EOY assets

0.833%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: GBQ PARTNERS LLC
Auditor EIN: 202122306
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$31,896

$52,639-39.4%

$185,117-82.8%

$62,293-48.8%

Participation rate

42.0%

63.9%-21.9pp

77.3%-35.3pp

69.5%-27.6pp

Annual return

15.29%

19.57%-4.3pp

40.50%-25.2pp

28.90%-13.6pp

Employer contribution / active EE

$292

$1,483-80.3%

$4,182-93.0%

$2,042-85.7%

Participant deferral / active EE

$1,726

$3,097-44.3%

$5,045-65.8%

$3,169-45.5%

Admin fee / account holder

$266

$374-28.9%

$8,159-96.7%

$479-44.6%

Provider

Service type

Compensation

NATIONWIDE3+ years

Service code 26 · EIN 31-1592130

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Advisory (Participants)

$22,480

THE PENSION DESIGN GROUP3+ years

Service code 14 · EIN 31-1081385

760 LAKEVIEW PLAZA BLVD · WORTHINGTON, OH 430856720

Plan Administrator

$10,724

LINCOLN NATIONAL CORPORATION1 year

Filed as: LINCOLN FINANCIAL ADVISORS COR

Service code 14

Plan Administrator

$4,563

THE PENSION DESIGN GROUP3+ years

Filed as: PENSION DESIGN GROUP

Service code 21

Bank Trustee

$2,130

CROSS COUNTRY INNS, INC. 401(K) RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CROSS COUNTRY INNS, INC. 401(K) RETIREMENT SAVINGS 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