Retirement plan

CROSSROADS MEDICAL MANAGEMENT, INC. 401K PLAN

Name: CROSSROADS MEDICAL MANAGEMENT, INC. - CROSSROADS MEDICAL MANAGEMENT, INC. 401K PLAN (2020) Form 5500
Creator: CROSSROADS MEDICAL MANAGEMENT, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CROSSROADS MEDICAL MANAGEMENT, INC. 401K PLAN, CROSSROADS MEDICAL MANAGEMENT, INC.

CROSSROADS MEDICAL MANAGEMENT, INC.EIN 58-1330210Plan #001PY 2020

1211 MACON ROAD, SUITE D - PERRY, GA 31069478-988-1294crossroadsmedicalmgmt.comLinkedIn11-50 employeeshospital & health care

Prospect flagsLow assets / participant

How to read this page

Total assets (EOY)

$2.3M

+85.2% from 2019

Total participants

1,291

+15.0% from 2019

Average account balance

$1,903

+59.0% from 2019

Annual return

20.47%

-35.94 pp from 2019

Benchmarks

See 3,872 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort3,872 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.22M

Not enough data

1 years with asset history on file

Average account balance

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

$4K

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.

1,275

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.

88.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.23M

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

+10.59%

Not enough data

1 years with return on file

Admin fee / account holder

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

$66

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 2 by compensation

Provider	Service type	Compensation
AMERICAN UNITED LIFE INSURANCE CO3+ years Service code 38 · EIN 35-0145825	Participant Communication	$22,306
SYNOVUS TRUST COMPANY1 year Filed as: SYNOVUS SECURITIES INC Service code 16 · EIN 58-1625031	Consulting	$8,146

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

1 tripped

OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$57K

$76 / participant

Investment mgmt$57K100.0%

% of EOY assets

2.551%

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: JAMES M. MOYNA CPA PC
Auditor EIN: 472940358
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$1,903

$52,293-96.4%

$178,499-98.9%

$73,412-97.4%

Participation rate

85.8%

65.3%+20.4pp

81.9%+3.9pp

72.2%+13.6pp

Annual return

20.47%

34.75%-14.3pp

151.10%-130.6pp

59.30%-38.8pp

Employer contribution / active EE

$380

$1,735-78.1%

$5,011-92.4%

$2,234-83.0%

Participant deferral / active EE

$946

$2,332-59.4%

$5,202-81.8%

$3,806-75.1%

Admin fee / account holder

$49

$127-61.9%

$13,986-99.7%

$158-69.3%

Provider

Service type

Compensation

AMERICAN UNITED LIFE INSURANCE CO3+ years

Service code 38 · EIN 35-0145825

Participant Communication

$22,306

SYNOVUS TRUST COMPANY1 year

Filed as: SYNOVUS SECURITIES INC

Service code 16 · EIN 58-1625031

Consulting

$8,146

CROSSROADS MEDICAL MANAGEMENT, INC. 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CROSSROADS MEDICAL MANAGEMENT, INC. 401K 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