Plan Snapshot
- Plan Sponsor: New Charter Technologies, INC.
- Sponsor EIN: 842903212
- Sponsor Address: 3801 E FLORIDA AVE #815, DENVER, CO, 80210
- Plan Type: 401(k)
- Total Participants: 898
- Total Assets: $55.8M
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 | 898 | $55.8M | $2.5M | $4.3M |
| 2023 | 887 | $39.5M | $2.0M | $3.5M |
| 2022 | 409 | $11.0M | $828,766 | $1.5M |
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 COMPANY O | RECORDKEEPER | $109,107 | — | $109,107 |
| MMA SECURITIES LLC | INVESTMENT ADVISOR | $72,197 | — | $72,197 |
| EMPOWER ADVISORY GROUP, LLC | INVESTMENT MGMT | $41,996 | — | $41,996 |
| FORVIS MAZARS, LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FORVIS MAZARS, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $223,300
- Estimated Expense Ratio: 0.400% 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 | $212,098 | $102,991 | — | — | — |
| 2023 | $156,807 | $76,713 | — | — | — |
| 2022 | $36,968 | $24,572 | $10,946 | — | — |