401k Plan data: CROSSPOINT, INC. 401(K) PLAN plan

CROSSPOINT, INC. 401(K) PLAN 401k Plan overview

Plan Name	CROSSPOINT, INC. 401(K) PLAN
Plan identification number	003

CROSSPOINT, INC. 401(K) PLAN Benefits

401k Plan Type

Defined Contribution Pension

Plan Features/Benefits

Age/Service Weighted or new comparability or similar plan - Age/Service Weighted Plan: Allocations are based on age, service, or age and service. New comparability or similar plan: Allocations are based on participant classifications and a classification(s) consists entirely or predominantly of highly compensated employees; or the plan provides an additional allocation rate on compensation above a specified threshold, and the theshold or additional rate exceeds the maximum threshold or rate allowed under the permitted disparity rules of section 401(l).
Profit-sharing
ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
Master plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.

401k Sponsoring company profile

CROSSPOINT, INC. has sponsored the creation of one or more 401k plans.

Company Name: CROSSPOINT, INC.

Employer identification number (EIN): 746058916

NAIC Classification: 813000
NAIC Description: Religious, Grantmaking, Civic, Professional, and Similar Organizations

Additional information about CROSSPOINT, INC.

Jurisdiction of Incorporation: Texas Secretary of State

Incorporation Date: 1963-11-04

Company Identification Number: 0019792901

Legal Registered Office Address: 301 YUCCA ST

SAN ANTONIO
United States of America (USA)
78203

More information about CROSSPOINT, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan CROSSPOINT, INC. 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
003 2021-01-01
003 2020-01-01
003 2020-01-01
003 2019-01-01 RITA SALINAS 2020-10-12
003 2018-01-01 RITA SALINAS 2019-10-07 RITA SALINAS 2019-10-07
003 2017-01-01 RITA SALINAS 2018-10-11 RITA SALINAS 2018-10-11
003 2017-01-01 RITA SALINAS 2019-02-04 RITA SALINAS 2019-02-04
003 2016-01-01 LILIA MILETTI 2017-10-12 LILIA MILETTI 2017-10-12
003 2015-01-01 KEVIN DOWNEY 2017-01-10 KEVIN DOWNEY 2017-01-10
003 2015-01-01 DAVID PORCHER 2016-10-12 DAVID PORCHER 2016-10-12
003 2014-01-01 KEVIN DOWNEY 2015-08-27 KEVIN DOWNEY 2015-08-27
003 2013-01-01 KEVIN DOWNEY 2014-10-02 KEVIN DOWNEY 2014-10-02

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed	Name of Company Sponsor	Date Sponsor Signed
003	2021-01-01
003	2020-01-01
003	2020-01-01
003	2019-01-01	RITA SALINAS	2020-10-12
003	2018-01-01	RITA SALINAS	2019-10-07	RITA SALINAS	2019-10-07
003	2017-01-01	RITA SALINAS	2018-10-11	RITA SALINAS	2018-10-11
003	2017-01-01	RITA SALINAS	2019-02-04	RITA SALINAS	2019-02-04
003	2016-01-01	LILIA MILETTI	2017-10-12	LILIA MILETTI	2017-10-12
003	2015-01-01	KEVIN DOWNEY	2017-01-10	KEVIN DOWNEY	2017-01-10
003	2015-01-01	DAVID PORCHER	2016-10-12	DAVID PORCHER	2016-10-12
003	2014-01-01	KEVIN DOWNEY	2015-08-27	KEVIN DOWNEY	2015-08-27
003	2013-01-01	KEVIN DOWNEY	2014-10-02	KEVIN DOWNEY	2014-10-02

Plan Statistics for CROSSPOINT, INC. 401(K) PLAN

401k plan membership statisitcs for CROSSPOINT, INC. 401(K) PLAN

Measure Date Value
2021: CROSSPOINT, INC. 401(K) PLAN 2021 401k membership
Total participants, beginning-of-year 2021-01-01 177
Total number of active participants reported on line 7a of the Form 5500 2021-01-01 86
Number of retired or separated participants receiving benefits 2021-01-01 0
Number of other retired or separated participants entitled to future benefits 2021-01-01 96
Total of all active and inactive participants 2021-01-01 182
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2021-01-01 0
Total participants 2021-01-01 182
Number of participants with account balances 2021-01-01 181
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2021-01-01 0
2020: CROSSPOINT, INC. 401(K) PLAN 2020 401k membership
Total participants, beginning-of-year 2020-01-01 131
Total number of active participants reported on line 7a of the Form 5500 2020-01-01 98
Number of retired or separated participants receiving benefits 2020-01-01 7
Number of other retired or separated participants entitled to future benefits 2020-01-01 56
Total of all active and inactive participants 2020-01-01 161
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2020-01-01 0
Total participants 2020-01-01 161
Number of participants with account balances 2020-01-01 155
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2020-01-01 0

Measure	Date	Value
2021: CROSSPOINT, INC. 401(K) PLAN 2021 401k membership
Total participants, beginning-of-year	2021-01-01	177
Total number of active participants reported on line 7a of the Form 5500	2021-01-01	86
Number of retired or separated participants receiving benefits	2021-01-01	0
Number of other retired or separated participants entitled to future benefits	2021-01-01	96
Total of all active and inactive participants	2021-01-01	182
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2021-01-01	0
Total participants	2021-01-01	182
Number of participants with account balances	2021-01-01	181
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2021-01-01	0
2020: CROSSPOINT, INC. 401(K) PLAN 2020 401k membership
Total participants, beginning-of-year	2020-01-01	131
Total number of active participants reported on line 7a of the Form 5500	2020-01-01	98
Number of retired or separated participants receiving benefits	2020-01-01	7
Number of other retired or separated participants entitled to future benefits	2020-01-01	56
Total of all active and inactive participants	2020-01-01	161
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2020-01-01	0
Total participants	2020-01-01	161
Number of participants with account balances	2020-01-01	155
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2020-01-01	0

Financial Data on CROSSPOINT, INC. 401(K) PLAN

Measure	Date	Value
2021 : CROSSPOINT, INC. 401(K) PLAN 2021 401k financial data
Total unrealized appreciation/depreciation of assets	2021-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2021-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2021-12-31	$0
Total income from all sources (including contributions)	2021-12-31	$555,421
Total loss/gain on sale of assets	2021-12-31	$0
Total of all expenses incurred	2021-12-31	$523,684
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2021-12-31	$520,360
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2021-12-31	$224,515
Value of total assets at end of year	2021-12-31	$2,184,070
Value of total assets at beginning of year	2021-12-31	$2,152,333
Total of administrative expenses incurred including professional, contract, advisory and management fees	2021-12-31	$3,324
Total interest from all sources	2021-12-31	$1,919
Total dividends received (eg from common stock, registered investment company shares)	2021-12-31	$0
Was this plan covered by a fidelity bond	2021-12-31	Yes
Value of fidelity bond cover	2021-12-31	$250,000
If this is an individual account plan, was there a blackout period	2021-12-31	No
Were there any nonexempt tranactions with any party-in-interest	2021-12-31	No
Contributions received from participants	2021-12-31	$62,242
Participant contributions at end of year	2021-12-31	$24,938
Participant contributions at beginning of year	2021-12-31	$57,669
Total non interest bearing cash at end of year	2021-12-31	$10,199
Total non interest bearing cash at beginning of year	2021-12-31	$9,661
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2021-12-31	No
Value of net income/loss	2021-12-31	$31,737
Value of net assets at end of year (total assets less liabilities)	2021-12-31	$2,184,070
Value of net assets at beginning of year (total assets less liabilities)	2021-12-31	$2,152,333
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2021-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2021-12-31	No
Were any leases to which the plan was party in default or uncollectible	2021-12-31	No
Value of interest in pooled separate accounts at end of year	2021-12-31	$2,148,933
Value of interest in pooled separate accounts at beginning of year	2021-12-31	$2,085,003
Interest on participant loans	2021-12-31	$1,919
Net investment gain/loss from pooled separate accounts	2021-12-31	$328,987
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2021-12-31	No
Was there a failure to transmit to the plan any participant contributions	2021-12-31	No
Has the plan failed to provide any benefit when due under the plan	2021-12-31	No
Contributions received in cash from employer	2021-12-31	$162,273
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2021-12-31	$520,360
Contract administrator fees	2021-12-31	$3,324
Did the plan have assets held for investment	2021-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2021-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2021-12-31	No
Opinion of an independent qualified public accountant for this plan	2021-12-31	Disclaimer
Accountancy firm name	2021-12-31	ADKF, PC
Accountancy firm EIN	2021-12-31	742606559
2020 : CROSSPOINT, INC. 401(K) PLAN 2020 401k financial data
Total unrealized appreciation/depreciation of assets	2020-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2020-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2020-12-31	$0
Total income from all sources (including contributions)	2020-12-31	$746,622
Total loss/gain on sale of assets	2020-12-31	$0
Total of all expenses incurred	2020-12-31	$109,745
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2020-12-31	$106,022
Expenses. Certain deemed distributions of participant loans	2020-12-31	$1,701
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2020-12-31	$505,679
Value of total assets at end of year	2020-12-31	$2,152,333
Value of total assets at beginning of year	2020-12-31	$1,515,456
Total of administrative expenses incurred including professional, contract, advisory and management fees	2020-12-31	$2,022
Total interest from all sources	2020-12-31	$3,848
Total dividends received (eg from common stock, registered investment company shares)	2020-12-31	$0
Was this plan covered by a fidelity bond	2020-12-31	Yes
Value of fidelity bond cover	2020-12-31	$500,000
If this is an individual account plan, was there a blackout period	2020-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2020-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2020-12-31	No
Contributions received from participants	2020-12-31	$53,224
Participant contributions at end of year	2020-12-31	$57,669
Participant contributions at beginning of year	2020-12-31	$72,486
Assets. Other investments not covered elsewhere at end of year	2020-12-31	$591
Assets. Other investments not covered elsewhere at beginning of year	2020-12-31	$387
Income. Received or receivable in cash from other sources (including rollovers)	2020-12-31	$26,145
Total non interest bearing cash at end of year	2020-12-31	$9,661
Total non interest bearing cash at beginning of year	2020-12-31	$2,451
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2020-12-31	No
Value of net income/loss	2020-12-31	$636,877
Value of net assets at end of year (total assets less liabilities)	2020-12-31	$2,152,333
Value of net assets at beginning of year (total assets less liabilities)	2020-12-31	$1,515,456
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2020-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2020-12-31	No
Were any leases to which the plan was party in default or uncollectible	2020-12-31	No
Value of interest in registered invesment companies (eg mutual funds) at end of year	2020-12-31	$2,084,412
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2020-12-31	$1,440,132
Interest on participant loans	2020-12-31	$3,848
Net investment gain or loss from common/collective trusts	2020-12-31	$237,095
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2020-12-31	No
Was there a failure to transmit to the plan any participant contributions	2020-12-31	Yes
Has the plan failed to provide any benefit when due under the plan	2020-12-31	No
Contributions received in cash from employer	2020-12-31	$426,310
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2020-12-31	$106,022
Contract administrator fees	2020-12-31	$2,022
Did the plan have assets held for investment	2020-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2020-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2020-12-31	No
Opinion of an independent qualified public accountant for this plan	2020-12-31	Disclaimer
Accountancy firm name	2020-12-31	ADKF, PC
Accountancy firm EIN	2020-12-31	742606559

Form 5500 Responses for CROSSPOINT, INC. 401(K) PLAN

2021: CROSSPOINT, INC. 401(K) PLAN 2021 form 5500 responses
2021-01-01	Type of plan entity	Single employer plan
2021-01-01	Submission has been amended	No
2021-01-01	This submission is the final filing	No
2021-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2021-01-01	Plan is a collectively bargained plan	No
2021-01-01	Plan funding arrangement – Insurance	Yes
2021-01-01	Plan funding arrangement – Trust	Yes
2021-01-01	Plan benefit arrangement – Insurance	Yes
2021-01-01	Plan benefit arrangement - Trust	Yes
2020: CROSSPOINT, INC. 401(K) PLAN 2020 form 5500 responses
2020-01-01	Type of plan entity	Single employer plan
2020-01-01	Submission has been amended	No
2020-01-01	This submission is the final filing	No
2020-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2020-01-01	Plan is a collectively bargained plan	No
2020-01-01	Plan funding arrangement – Insurance	Yes
2020-01-01	Plan funding arrangement – Trust	Yes
2020-01-01	Plan benefit arrangement – Insurance	Yes
2020-01-01	Plan benefit arrangement - Trust	Yes

Insurance Providers Used on plan

JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )

Policy contract number

108920

Policy instance

Insurance contract or identification number	108920
Number of Individuals Covered	202
Insurance policy start date	2021-01-01
Insurance policy end date	2021-12-31
Total amount of commissions paid to insurance broker	USD $11,056
Total amount of fees paid to insurance company	USD $3,328
Are there contracts with allocated funds for individual policies?	0
Are there contracts with allocated funds for group deferred annuity?	No
Are there contracts with allocated funds for types other than group deferred annuity or individual?	No
Contract purchased, in whole or in part, to distribute benefits from a terminating plan	No
Contracts With Unallocated Funds Deposit Administration	0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?	No
Are there contracts with unallocated funds for contracts of type guaranteed investment?	No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?	No
Health Insurance Welfare Benefit	No
Dental Insurance Welfare Benefit	No
Vision Insurance Welfare Benefit	No
Life Insurance Welfare Benefit	No
Temporary Disability Insurance Welfare Benefit	No
Long Term Disability Insurance Welfare Benefit	No
Unemployment Insurance Welfare Benefit	No
Were dividends or retroactive rate refunds paid in cash?	No
Were dividends or retroactive rate refunds paid as a credit?	No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?	No
Commission paid to Insurance Broker	USD $11,056
Amount paid for insurance broker fees	0
Additional information about fees paid to insurance broker	BROKER COMMISSIONS
Insurance broker organization code?	5

JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )

Policy contract number

108920

Policy instance

Insurance contract or identification number	108920
Number of Individuals Covered	181
Insurance policy start date	2020-01-01
Insurance policy end date	2020-12-31
Total amount of commissions paid to insurance broker	USD $8,118
Total amount of fees paid to insurance company	USD $2,098
Are there contracts with allocated funds for individual policies?	0
Are there contracts with allocated funds for group deferred annuity?	No
Are there contracts with allocated funds for types other than group deferred annuity or individual?	No
Contract purchased, in whole or in part, to distribute benefits from a terminating plan	No
Contracts With Unallocated Funds Deposit Administration	0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?	No
Are there contracts with unallocated funds for contracts of type guaranteed investment?	No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?	No
Health Insurance Welfare Benefit	No
Dental Insurance Welfare Benefit	No
Vision Insurance Welfare Benefit	No
Life Insurance Welfare Benefit	No
Temporary Disability Insurance Welfare Benefit	No
Long Term Disability Insurance Welfare Benefit	No
Unemployment Insurance Welfare Benefit	No
Were dividends or retroactive rate refunds paid in cash?	No
Were dividends or retroactive rate refunds paid as a credit?	No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?	No
Commission paid to Insurance Broker	USD $8,118
Amount paid for insurance broker fees	0
Additional information about fees paid to insurance broker	BROKER COMMISSIONS
Insurance broker organization code?	5

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Company Name:	CROSSPOINT, INC.
Employer identification number (EIN):	746058916
NAIC Classification:	813000
NAIC Description:	Religious, Grantmaking, Civic, Professional, and Similar Organizations

Jurisdiction of Incorporation:	Texas Secretary of State
Incorporation Date:	1963-11-04
Company Identification Number:	0019792901
Legal Registered Office Address:	301 YUCCA ST SAN ANTONIO United States of America (USA) 78203