Plan Snapshot
- Plan Sponsor: Communications Venture Corporation
- Sponsor EIN: 351957521
- Sponsor Address: 1616 DIRECTORS ROW, FORT WAYNE, IN, 46808
- Plan Type: 401(k)
- Total Participants: 132
- Total Assets: $18.3M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 132 | $18.3M | $1.2M | $921,591 |
| 2023 | 123 | $14.8M | $1.1M | $840,363 |
| 2022 | 127 | $13.3M | $1.0M | $845,689 |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE CO | Recordkeeper | $28,446 | — | $28,446 |
| MICHIGAN PENSION GROUP | Recordkeeper | -$1,190 | $12,633 | $11,443 |
| COMPENSATION SYSTEM INC | Recordkeeper | $3,209 | $4,620 | $7,829 |
| EMPOWER ADVIDORY GROUP | Other Service Provider | $6,639 | — | $6,639 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $54,357
- Estimated Expense Ratio: 0.297% 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 | $36,904 | — | $33,779 | — | — |
| 2023 | $25,563 | — | $22,438 | — | — |
| 2022 | $27,597 | — | $27,597 | — | — |