# Channellock, INC. DB Plan
Source: https://planprovider.pro/companies/channellock-inc-plan-002

> Channellock, INC.'s DB plan: 78 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Channellock, INC.

- **Sponsor EIN:** 250399850

- **Sponsor Address:** 1306 SOUTH MAIN STREET, MEADVILLE, PA, 16335

- **Plan Type:** DB

- **Total Participants:** 78

- **Total Assets:** $42.0M

## Key Plan Design Features

- **Auto-Enrollment:** No

- **Auto-Escalation:** No

- **Allows Roth Contributions:** No

- **Participant Loans:** No

- **Participant-Directed Investments:** No

- **ERISA Section 404(c) Fiduciary Safe Harbor:** No

## Plan Financials by Year

| Year|Participants|Total Assets|Employer Contrib.|Employee Contrib.|

| 2024|78|$42.0M|$0|$0|

| 2023|89|$40.4M|$0|$0|

## 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|

| SCHAFFNER KNIGHT MINNAUGH & COMPANY|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|$90,623|$90,623|—|—|—|

| 2023|$96,732|$96,732|—|—|—|

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