Crossover Health Management Services, Inc. 401(k) Review & Grade
Crossover Health 401(k) Plan
San Clemente, CAAdministrative, Support & Staffing Services1,214 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,820Employer $ per active participant
$8,016Employee $ saved per active participant
0.01%Direct admin cost, % of plan assets
$76.6MNet plan assets, end of year
$47,826Average balance per account
Score breakdown
- Employer generosity43.9 / 5088th percentile for employer $ per participant
- Low cost24.5 / 2598th percentile for low admin cost vs. same-size plans
- Employee saving13.7 / 1592th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score82 / 100 · Grade A
This plan vs. peers
Peers: Administrative, Support & Staffing Services plans with 500–2,499 active participants (401 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 88th |
| Lower admin cost | 98th |
| Employee saving | 92th |
| Peers that auto-enroll | 27% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($2,510,205 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- Crossover Health Management Services put in about $2,820 per active participant, more than the typical peer ($712). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $3,423,489 |
| Participant (employee) contributions | $9,731,753 |
| Other contributions (incl. rollovers in) | $921,193 |
| Administrative expenses paid from the plan | $6,558 |
| Benefits paid out | $7,242,139 |
| Net assets, start / end of year | $59.5M / $76.6M |
| Active participants, start / end of year | 1,197 / 1,231 |
| Participants with account balances | 1,602 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Baker Tilly US, LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $6,558 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014214417NAL0007553746001, received 2025-10-14, EIN 27-2210135, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.