# New Challenges, INC. 401(k) Plan
Source: https://planprovider.pro/companies/new-challenges-inc-401k-plan

> New Challenges, INC.'s 401(k) plan: 198 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** New Challenges, INC.

- **Sponsor EIN:** 411937082

- **Sponsor Address:** 4670 SLATER ROAD, EAGAN, MN, 55122

- **Plan Type:** 401(k)

- **Total Participants:** 198

- **Total Assets:** $5.2M

## 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|198|$5.2M|$144,497|$217,926|

| 2023|202|$4.6M|$123,654|$199,535|

| 2022|200|$3.8M|$128,978|$226,694|

## 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|

| BOYUM & BARENSCHEER, PLLP|Auditor|—|—|$0|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [BOYUM & BARENSCHEER, PLLP](https://planprovider.pro/provider/boyum-and-barenscheer-pllp) — Auditor

## 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|$50,807|$34,138|—|—|—|

| 2023|$41,715|$29,925|—|$1,161|—|

| 2022|$39,340|—|—|—|—|

## Similar Plans

- [Eon, INC.](https://planprovider.pro/companies/eon-inc-plan-002) — 206 participants

- [Pioneer Home, INC.](https://planprovider.pro/companies/poineer-home-inc-401k-plan) — 188 participants

- [Glenwood Village Care Center](https://planprovider.pro/companies/glenwood-village-care-center-403b-plan) — 186 participants

- [Senior Care Communities LLC](https://planprovider.pro/companies/senior-care-communities-llc-plan-002-9826) — 173 participants

- [Supportive Living Solutions](https://planprovider.pro/companies/supportive-living-solutions-401k-plan) — 171 participants

- [Northern Habilitative Services, INC. Of Chisholm](https://planprovider.pro/companies/northern-habilitative-services-inc-of-chisholm-plan) — 163 participants

[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/new-challenges-inc-401k-plan)

© 2026 PlanProvider.Pro