Plan Snapshot
- Plan Sponsor: Chattanooga Goodwill Industries, INC.
- Sponsor EIN: 620544853
- Sponsor Address: 6104 PRESERVATION DRIVE, CHATTANOOGA, TN, 37416
- Plan Type: 401(k)
- Total Participants: 177
- Total Assets: $1.3M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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 | 177 | $1.3M | $51,715 | $128,314 |
| 2023 | 209 | $1.1M | $159,347 | $148,714 |
| 2022 | 84 | $689,008 | $40,898 | $116,788 |
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 |
|---|---|---|---|---|
| ERISA SERVICES, INC | THIRD PARTY ADMINISTRATO | — | $5,005 | $5,005 |
| HENDERSON, HUTCHERSON&MCCULLOUGHPLL | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $5,005
- Estimated Expense Ratio: 0.390% 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 | $17,587 | — | — | — | — |
| 2023 | $21,055 | — | — | — | — |
| 2022 | $12,366 | — | — | — | — |