Plan Snapshot
- Plan Sponsor: Chance Rides, LLC
- Sponsor EIN: 931410090
- Sponsor Address: 4200 W WALKER ST, WICHITA, KS, 672092600
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 128
- Total Assets: $7.8M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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. |
|---|---|---|---|---|
| 2025 | 128 | $7.8M | $0 | $0 |
| 2024 | 108 | $6.8M | $168,679 | $533,097 |
| 2023 | 120 | $7.0M | $192,258 | $566,212 |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | Recordkeeper | $34,027 | — | $34,027 |
| TEN PEAKS PARTNERS L.L.C. | Investment Advisor | — | $18,426 | $18,426 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $52,453
- Estimated Expense Ratio: 0.671% 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 |
|---|---|---|---|---|---|
| 2025 | $1,559,222 | — | $34,027 | — | — |
| 2024 | $34,294 | — | $34,294 | — | — |
| 2023 | $1,421,480 | — | — | — | — |