Plan Snapshot
- Plan Sponsor: Champion, INC.
- Sponsor EIN: 380412040
- Sponsor Address: P.O. BOX 490, IRON MOUNTAIN, MI, 49801
- Plan Type: 401(k)
- Total Participants: 411
- Total Assets: $26.9M
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 | 411 | $26.9M | $512,720 | $1.0M |
| 2023 | 402 | $23.4M | $461,649 | $927,665 |
| 2022 | 484 | $20.3M | $446,433 | $886,862 |
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 |
|---|---|---|---|---|
| DUBUQUE BANK & TRUST COMPANY | NONE | $85,450 | — | $85,450 |
| JULY BUSINESS SERVICES LLC | RECORDKEEPER | $33,493 | — | $33,493 |
| ANDREWS HOOPER PAVLIK PLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- JULY BUSINESS SERVICES LLC — RECORDKEEPER
- ANDREWS HOOPER PAVLIK PLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $118,943
- Estimated Expense Ratio: 0.443% 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 | $118,951 | $73,540 | $11,910 | — | — |
| 2023 | $107,299 | $53,069 | $54,185 | — | — |
| 2022 | $105,998 | $105,998 | — | — | — |