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 (2020) 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 2020

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

Prospect flagsHigh cashLow participationLow employer contributionRecently reached 100 employees

How to read this page

Total assets (EOY)

$5.4M

+17.8% from 2019

Total participants

233

+30.9% from 2019

Average account balance

$34,689

No prior year

Annual return

12.94%

-7.94 pp from 2019

Benchmarks

See 1,006 peers

Peer group

Industry53 - Real Estate and Rental and Leasing

Plan typeDefined contribution

Participants100-249

Cohort1,006 peers

Snapshot2020

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 2 by compensation

Provider	Service type	Compensation
RETIREMENT PLANS, INC.3 years Service code 14 · EIN 90-0734163 124 DORCHESTER SQUARE STE B · WESTERVILLE, OH 43081	Plan Administrator	$16,166
NATIONWIDE6+ years Service code 26 · EIN 31-1592130 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Advisory (Participants)	$15,407

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

4 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.
OpportunityHigh cash
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
InformationalRecently reached 100 employees
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.

Expense breakdown

Schedule H Part II

Admin total

$70

$0 / participant

Other / not subdivided$70100.0%

% of EOY assets

0.001%

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

$34,689

$62,132-44.2%

$185,835-81.3%

$73,493-52.8%

Participation rate

54.7%

67.8%-13.2pp

78.0%-23.4pp

70.7%-16.0pp

Annual return

12.94%

20.44%-7.5pp

35.96%-23.0pp

28.51%-15.6pp

Employer contribution / active EE

$322

$1,681-80.9%

$4,087-92.1%

$2,270-85.8%

Participant deferral / active EE

$1,874

$3,711-49.5%

$5,633-66.7%

$3,740-49.9%

Admin fee / account holder

$419-99.9%

$9,502-100.0%

$513-99.9%

Provider

Service type

Compensation

RETIREMENT PLANS, INC.3 years

Service code 14 · EIN 90-0734163

124 DORCHESTER SQUARE STE B · WESTERVILLE, OH 43081

Plan Administrator

$16,166

NATIONWIDE6+ years

Service code 26 · EIN 31-1592130

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Advisory (Participants)

$15,407

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