Plan Snapshot
- Plan Sponsor: Cross Financial Corporation
- Sponsor EIN: 010507032
- Sponsor Address: 491 MAIN STREET, BANGOR, ME, 04401
- Plan Type: 401(k)
- Total Participants: 1,147
- Total Assets: $138.9M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: Yes
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 1,147 | $138.9M | $2.4M | $9.6M |
| 2023 | 1,161 | $121.2M | $3.5M | $8.4M |
| 2022 | 1,103 | $90.7M | $1.2M | $7.5M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| FIDELITY INVESTMENTS INSTITUTIONAL | Recordkeeper | $94,357 | — | $94,357 |
| STRATEGIC ADVISORS, INC. | Investment Advisor | $62,138 | — | $62,138 |
| FIDUCIENT ADVISORS LLC | Other Service Provider | $50,164 | — | $50,164 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVESTMENTS INSTITUTIONAL — Recordkeeper
- STRATEGIC ADVISORS, INC. — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $206,659
- Estimated Expense Ratio: 0.149% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $206,659 | $62,138 | — | — | — |
| 2023 | $170,474 | $68,786 | — | $8,000 | — |
| 2022 | $8,894 | $49,916 | — | — | — |