Plan Ledger DOL Form 5500 · updated monthly

Crosscountry Mortgage, LLC401(k)

CROSSCOUNTRY MORTGAGE 401(K) RETIREMENT SAVINGS PLAN · CLEVELAND, OH · plan year 2024

Reported admin expense ratio · 2024
0.40%

Peer grade: D · admin costs + employer contributions vs same-size plans · how grading works

Crosscountry Mortgage, LLC reported $1,243,001 in plan administrative expenses for 2024: 0.40% of average plan assets, higher than ~90% of peers. Employer contributions averaged $670 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio rose from 0.27% to 0.40%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other finance & insurance employers. By assets it is the 140th-largest of 3,295 plans among Ohio employers on file, and the 404th of 4,798 in finance & insurance. In 2024, employees put in $8.01 for every $1.00 the employer contributed; active participation has grown from 7,190 to 8,037 since 2022.

Plan summary
Net assets, end of year$340,288,517
Participants with balances5,834
Active participants8,037
Employer contributions$5,383,498
Employee contributions$43,104,711
Employer contribution per active participant$670
Average account balance$58,329
Benefits paid to participants$34,916,151
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$340.3M · 5,834 accts · $5.4M emplr
2023$278.2M · 5,665 accts · $7.7M emplr
2022$218.3M · 5,924 accts · $15.3M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$1,243,001
Total administrative$1,243,001
The Crosscountry Mortgage, LLC 401(k) match · 2024
Employer contribution per active participant$670
Median for plans this size$4,294
2024$670 per active participant
2023$1,145 per active participant
2022$2,134 per active participant

Crosscountry Mortgage, LLC's 2024 employer contribution ran below the $4,294 median for plans its size, in the bottom quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20243
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$1,243,001
GLOBAL RETIREMENT PARTNERS LLC · Investment advisory (plan)indirect comp
MORNINGSTAR INVESTMENT MANAGEMENT L · Investment advisory (participants)indirect comp

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history3
2024$1,243,001 · 0.40%
2023$651,177 · 0.26%
2022$532,243 · 0.27%
Same employer
Similar plansFinance & Insurance · Ohio
Worldpay, LLC OH$407.0M · 0.03%
Grange Insurance Company OH$396.0M · 0.06%
James B. Oswald Company OH$212.0M · 0.06%

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Source: U.S. Department of Labor, Form 5500 series, EIN 571175755 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.