Plan Snapshot
- Plan Sponsor: Challenge Unlimited INC.
- Sponsor EIN: 370805566
- Sponsor Address: 4 EMMIE L. KAUS LANE, ALTON, IL, 62002
- Plan Type: 401(k)
- Total Participants: 607
- Total Assets: $4.9M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 607 | $4.9M | $278,078 | $643,047 |
| 2023 | 191 | $4.4M | $142,024 | $337,822 |
| 2022 | 205 | $4.6M | $140,432 | $328,505 |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY | RECORDKEEPER | $16,464 | — | $16,464 |
| KRILOGY FINANCIAL LLC | INVESTMENT ADVISOR | $14,249 | — | $14,249 |
| BENEFIT PLANS PLUS | CONTRACT ADMIN | $2,550 | $4,679 | $7,229 |
| PENSION ASSURANCE LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- PENSION ASSURANCE LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $37,942
- Estimated Expense Ratio: 0.779% 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 | $33,737 | — | $33,737 | — | — |
| 2023 | $28,676 | — | $28,676 | — | — |
| 2022 | $27,873 | — | $27,873 | — | — |