Plan Snapshot
- Plan Sponsor: Charter Hr, INC.
- Sponsor EIN: 273214766
- Sponsor Address: P.O. BOX 759, ALEXANDER CITY, AL, 35011
- Plan Type: 401(k)
- Total Participants: 433
- Total Assets: $6.1M
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 | 433 | $6.1M | $198,996 | $553,556 |
| 2023 | 404 | $4.9M | $158,587 | $450,203 |
| 2022 | 307 | $3.9M | $130,112 | $361,689 |
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 |
|---|---|---|---|---|
| SLAVIC INTEGRATED ADMINISTRATION | Recordkeeper | $48,877 | — | $48,877 |
| SLAVIC MUTUAL FUND MANAGEMENT CORP | Investment Advisor | $11,292 | — | $11,292 |
| CHARTER HR, INC. | Recordkeeper | $5,364 | — | $5,364 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $65,533
- Estimated Expense Ratio: 1.068% 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 | $65,533 | — | $54,241 | — | — |
| 2023 | $48,552 | — | $41,676 | — | — |
| 2022 | $41,339 | $5,565 | $35,774 | — | — |