Retirement plan

CROSSPOINT 401(K) RETIREMENT PLAN

Name: CROSSPOINT HUMAN SERVICES - CROSSPOINT 401(K) RETIREMENT PLAN (2020) Form 5500
Creator: CROSSPOINT HUMAN SERVICES
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CROSSPOINT 401(K) RETIREMENT PLAN, CROSSPOINT HUMAN SERVICES

CROSSPOINT HUMAN SERVICESEIN 37-1085771Plan #001PY 2020

210 AVENUE C - DANVILLE, IL 61832217-442-3200crosspointhumanservices.orgLinkedIn51-200 employeesmental health care

Prospect flagsHigh cashLow participationLow employer contribution

How to read this page

Total assets (EOY)

$1.8M

+17.0% from 2019

Total participants

117

-5.6% from 2019

Average account balance

$21,706

-26.3% from 2019

Annual return

17.14%

-2.76 pp from 2019

Benchmarks

See 5,415 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,415 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.60M

Not enough data

1 years with asset history on file

Average account balance

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

$20K

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.

129

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.

76.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$277K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+10.66%

Not enough data

1 years with return on file

Admin fee / account holder

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

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

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

Service providers

Top 7 by compensation

Provider	Service type	Compensation
COUNTRY TRUST BANK1 year Service code 15 1705 TOWANDA AVE · BLOOMINGTON, IL 61701	Recordkeeping	$7,333
AMERICAN FUNDS1 year Filed as: CAPITAL RESEARCH & MGMT COMPANY Service code 52 333 SOUTH HOPE STREET · LOS ANGELES, CA 90071	Indirect Investment Fees	$0
DODGE & COX1 year Service code 52 555 CALIFORNIA ST · SAN FRANCISCO, CA 94104	Indirect Investment Fees	$0
FIDELITY INVESTMENTS INSTITUTIONAL1 year Filed as: FIDELITY MANAGEMENT & RESEARCH CO Service code 52 3805 EDWARDS RD · CINCINNATI, OH 45209	Indirect Investment Fees	$0
HARBOR1 year Filed as: HARBOR CAPITAL ADVISORS INC Service code 52 111 SOUTH WACKER DRIVE 34TH FLOOR · CHICAGO, IL 60606	Indirect Investment Fees	$0
JP MORGAN INVESTMENT MANAGEMENT INC1 year Service code 52 345 PARK AVENUE · NEW YORK, NY 10017	Indirect Investment Fees	$0
THE VANGUARD GROUP, INC.1 year Filed as: THE VANGUARD GROUP INC Service code 52 PO BOX 2900 · VALLEY FORGE, PA 19482	Indirect Investment Fees	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

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.
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

3 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.

Expense breakdown

Schedule H Part II

Admin total

$7K

$73 / participant

Investment mgmt$7K100.0%

% of EOY assets

0.417%

all-in expense ratio

Categories reported

1 / 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: CLIFTON LARSON ALLEN LLP
Auditor EIN: 410746749
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$21,706

$58,888-63.1%

$178,499-87.8%

$73,493-70.5%

Participation rate

64.0%

66.2%-2.2pp

81.9%-17.9pp

70.7%-6.7pp

Annual return

17.14%

24.86%-7.7pp

151.10%-134.0pp

28.51%-11.4pp

Employer contribution / active EE

$2,236-100.0%

$5,011-100.0%

$2,270-100.0%

Participant deferral / active EE

$1,100

$2,568-57.2%

$5,202-78.9%

$3,740-70.6%

Admin fee / account holder

$91

$400-77.4%

$13,986-99.4%

$513-82.4%

Provider

Service type

Compensation

COUNTRY TRUST BANK1 year

Service code 15

1705 TOWANDA AVE · BLOOMINGTON, IL 61701

Recordkeeping

$7,333

AMERICAN FUNDS1 year

Filed as: CAPITAL RESEARCH & MGMT COMPANY

Service code 52

333 SOUTH HOPE STREET · LOS ANGELES, CA 90071

Indirect Investment Fees

DODGE & COX1 year

Service code 52

555 CALIFORNIA ST · SAN FRANCISCO, CA 94104

Indirect Investment Fees

FIDELITY INVESTMENTS INSTITUTIONAL1 year

Filed as: FIDELITY MANAGEMENT & RESEARCH CO

Service code 52

3805 EDWARDS RD · CINCINNATI, OH 45209

Indirect Investment Fees

HARBOR1 year

Filed as: HARBOR CAPITAL ADVISORS INC

Service code 52

111 SOUTH WACKER DRIVE 34TH FLOOR · CHICAGO, IL 60606

Indirect Investment Fees

JP MORGAN INVESTMENT MANAGEMENT INC1 year

Service code 52

345 PARK AVENUE · NEW YORK, NY 10017

Indirect Investment Fees

THE VANGUARD GROUP, INC.1 year

Filed as: THE VANGUARD GROUP INC

Service code 52

PO BOX 2900 · VALLEY FORGE, PA 19482

Indirect Investment Fees

CROSSPOINT 401(K) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CROSSPOINT 401(K) RETIREMENT 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