# Chancelight, INC. 401(k) Plan
Source: https://planprovider.pro/companies/chancelight-inc-401k-plan

> Chancelight, INC.&#39;s 401(k) plan: 1,290 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|

| RAYMOND JAMES FINANCIAL SERVICES|SERVICE PROVIDER|—|$59,773|$59,773|

| ACCESS RETIREMENT SERVICES, LLC|THIRD PARTY ADMINISTRATO|—|$11,465|$11,465|

| SKIBBIE CPA INC.|Auditor|—|—|$0|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [RAYMOND JAMES FINANCIAL SERVICES](https://planprovider.pro/provider/raymond-james-financial-inc) — SERVICE PROVIDER

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $71,238

- **Estimated Expense Ratio:** 0.287% 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|$154,415|$59,773|$15,394|—|—|

| 2023|$203,492|—|—|—|—|

| 2022|$145,760|$145,760|—|—|—|

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