Plan Snapshot
- Plan Sponsor: Crossroads Community Services Board
- Sponsor EIN: 540988560
- Sponsor Address: 60 BUSH RIVER DRIVE P.O. DRAWER 248, FARMVILLE, VA, 239010248
- Plan Type: 403(b)
- Plan Number: 002
- Total Participants: 179
- Total Assets: $6.0M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: Yes
- Allows Roth Contributions: No
- Participant Loans: No
- 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 | 179 | $6.0M | $130,527 | $222,386 |
| 2023 | 176 | $5.5M | $126,611 | $195,671 |
| 2022 | 195 | $5.0M | $119,887 | $195,596 |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | Recordkeeper | $37,063 | — | $37,063 |
| BENEFIT FIDUCIARY GROUP LLC | Investment Advisor | — | $14,630 | $14,630 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $51,693
- Estimated Expense Ratio: 0.868% 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 | $37,063 | — | $37,063 | — | — |
| 2023 | $33,049 | — | $33,049 | — | — |
| 2022 | $31,986 | — | $31,986 | — | — |