Plan Snapshot
- Plan Sponsor: Challenge Industries, INC.
- Sponsor EIN: 160956917
- Sponsor Address: 950 DANBY ROAD, STE. 179, ITHACA, NY, 14850
- Plan Type: 401(k)
- Total Participants: 87
- Total Assets: $2.3M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: Yes
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 87 | $2.3M | $43,831 | $71,202 |
| 2023 | 116 | $2.4M | $23,493 | $40,692 |
| 2022 | 122 | $2.4M | $28,051 | $33,094 |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| SCIARABBA WALKER & CO. LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- SCIARABBA WALKER & CO. LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $20,168 | — | $20,168 | — | — |
| 2023 | $334 | — | — | — | — |
| 2022 | $972 | — | — | — | — |