Plan Snapshot
- Plan Sponsor: Channel Control Merchants, LLC
- Sponsor EIN: 205053319
- Sponsor Address: 382 EAGLE DRIVE, JUPITER, FL, 33477
- Plan Type: 401(k)
- Total Participants: 24
- Total Assets: $4.5M
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 | 24 | $4.5M | $194,043 | $338,010 |
| 2023 | 1,359 | $6.3M | $342,602 | $663,081 |
| 2022 | 1,947 | $6.5M | $408,259 | $730,937 |
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 |
|---|---|---|---|---|
| TMH, PLLC | 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 | $30,501 | $2,869 | — | — | — |
| 2023 | $25,735 | $2,441 | — | — | — |
| 2022 | $18,757 | — | $18,757 | — | — |