Which coordinate system did you assign to your project? Name, or better EPSG number.
My first thought is that you mixed up the elevation fields in the "Create Points" function.
"Elevation" is measured from sea level and is usually the value you see on plans.
"Height" is measured from the ellipsoid and is sea level plus local Geoid undulation.
But the difference of about 1820 feet?? (600 m) sounds way too much for this.
Please post a screen shot of the properties pane of one of your points.
Like this, so we can see local and global values.
Did you go into the project settings and changed the coordinate system AFTER creating some of the points?
TBC will transform existing coordinate values into the new system. If this system has a completely different definition (datum, ellipsoid, projection, geoid) the elevations of your points will change, BUT the coordinates as well, you didn't mention this though.