Plan Snapshot
- Plan Sponsor: Chancelight, INC.
- Sponsor EIN: 522185876
- Sponsor Address: 5201 VIRGINIA WAY, BRENTWOOD, TN, 37027
- Plan Type: 401(k)
- Total Participants: 1,290
- Total Assets: $24.8M
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 | 1,290 | $24.8M | $317,350 | $1.6M |
| 2023 | 1,223 | $22.3M | $305,560 | $1.5M |
| 2022 | 1,191 | $19.1M | $379,081 | $1.8M |
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 |
|---|---|---|---|---|
| SKIBBIE CPA INC. | Auditor | — | — | $0 |
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 | $154,415 | $59,773 | $15,394 | — | — |
| 2023 | $203,492 | — | — | — | — |
| 2022 | $145,760 | $145,760 | — | — | — |