Plan Snapshot
- Plan Sponsor: Chinn Enterprises, INC.
- Sponsor EIN: 363213215
- Sponsor Address: 393 SOUTH MILWAUKEE AVENUE, WHEELING, IL, 60090
- Plan Type: 401(k)
- Total Participants: 87
- Total Assets: $7.5M
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 | 87 | $7.5M | $54,310 | $217,307 |
| 2023 | 76 | $6.5M | $4,000 | $206,924 |
| 2022 | 106 | $5.9M | $0 | $193,506 |
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 |
|---|---|---|---|---|
| TOPEL FORMAN LLC | 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 | $28,653 | $15,424 | — | — | — |
| 2023 | $24,440 | $18,778 | — | — | — |
| 2022 | $33,866 | — | $33,866 | — | — |