Crossnore School And Children'S Home, Inc. 401(K) Profit Sharing Plan — Form 5500 plan (Crossnore Communities For Children, Inc)

Plain-English plan summary

According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, Crossnore School And Children'S Home, Inc. 401(K) Profit Sharing Plan is a benefit plan reported by Crossnore Communities For Children, Inc under EIN 56-0567980 and plan number 002. The latest loaded filing year is 2023. The filing reports 354 participants and $9,862,896 in end-of-year plan assets, where available in the loaded dataset.

Form 5500 plan profile · 2023

Key reported metrics

Net assets (EOY)$9.9MPlan net assets, end of year$9,862,896
Participants354Covered participants reported
Assets / participant$27.9KComputed: assets ÷ participants$27,861 (computed)
Provider compensation$61.2K3 Schedule C provider row(s)$61,239
Plan sponsor
Crossnore Communities For Children, Inc
EIN
56-0567980
Plan number
002
Plan type
2
Location
Crossnore, NC
Latest filing year
2023

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
2023354H, C20250715121203NAL0001297331001
Schedule H · 2023

Reported financial statement

Reported figures as filed, in whole dollars. Only fields the filing reports are shown; others are marked not reported.

Reported balance (end of year)$9.9M total assets
Net assets$9.9MLiabilities$0
Money in vs. money out
Total income / additions$3.3M
Total expenses$1.2M
Benefits paid / distributions$1.1M
Contributions
Employer$459.6K
Participant$622.2K
Full reported line items

Net assets

Total assets (EOY)
$9,862,896
Total liabilities (EOY)
$0
Net assets (EOY)
$9,862,896
Net assets (BOY)
$8,648,663

Income & contributions

Employer contributions
$459,584
Participant contributions
$622,194
Total contributions
$1,272,045
Total income / additions
$3,334,299

Expenses & distributions

Benefits paid
$1,128,240
Administrative expenses
$61,239
Total expenses
$1,192,246
Net increase / (decrease)
$2,142,053
Computed from reported fields

Reported ratios

Derived only from this plan's own reported figures — comparisons within the filing, not benchmarks, estimates, or national averages.

Contribution share (employer vs. participant)
Employer 42%Participant 58%
Total expenses ÷ net assets12%Computed ratio
Benefits paid ÷ total income34%Computed ratio
Provider comp. ÷ net assets1%Computed ratio

Service provider compensation (Schedule C)

Reported service provider compensation
ProviderServiceDirect comp.Indirect comp.Year
Principal Life Ins. CompanyCONTRACT ADMINISTRATOR$61,239$02023
Edward JonesINVESTMENT ADVISORY$0$02023
Wilshire Associates Inc.INVESTMENT ADVISORY$0$02023

Related Form 5500 pages