Plan Snapshot
- Plan Sponsor: Challenge Unlimited, INC.
- Sponsor EIN: 370805566
- Sponsor Address: 1528 SOUTH EL CAMINO REAL, SAN MATEO, CA, 94402
- Plan Type: 401(k)
- Plan Number: 503
- Total Participants: 623
- Total Assets: $2.0M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 623 | $2.0M | $4.0M | $651,798 |
| 2023 | 608 | $2.4M | $3.7M | $602,151 |
| 2022 | 616 | $2.6M | $4.1M | $4,546 |
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 |
|---|---|---|---|---|
| FCE BENEFIT ADMINISTRATORS, INC. | Other Service Provider | $273,337 | $105,424 | $378,761 |
| CIGNA HEALTH AND LIFE INSURANCE | Other Service Provider | $96,112 | — | $96,112 |
| FIDUCIARY PLAN MANAGEMENT SERVICES | Other Service Provider | $43,780 | — | $43,780 |
| GLOBAL CARE, INC. | Other Service Provider | $38,427 | — | $38,427 |
| SOUTHERN SCRIPTS | Other Service Provider | $34,641 | — | $34,641 |
| INEICH & COMPANY, LLP | Auditor | $24,750 | — | $24,750 |
| UNITED WORKERS WELLNESS | Other Service Provider | $8,744 | — | $8,744 |
| FIRST HEALTH | Other Service Provider | $6,412 | — | $6,412 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- INEICH & COMPANY, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $631,627
- Estimated Expense Ratio: 32.170% of plan assets
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 | $404,069 | — | $203,508 | $24,750 | — |
| 2023 | $404,798 | — | $209,448 | $23,600 | — |
| 2022 | $394,516 | — | $123,155 | — | $62,292 |