Plan Snapshot
- Plan Sponsor: The Christian Broadcasting Network, INC.
- Sponsor EIN: 540678752
- Sponsor Address: 977 CENTERVILLE TURNPIKE, VIRGINIA BEACH, VA, 23463
- Plan Type: 401(k)
- Total Participants: 1,248
- Total Assets: $100.4M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: Yes
- 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 | 1,248 | $100.4M | $0 | $3.3M |
| 2023 | 1,155 | $92.8M | $0 | $3.5M |
| 2022 | 1,161 | $83.0M | $0 | $3.6M |
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 |
|---|---|---|---|---|
| MERRILL LYNCH | INVESTMENT ADVISOR | $44,000 | — | $44,000 |
| PB MARES | ACCOUNTANT/AUDITOR | $12,250 | — | $12,250 |
| STRATEGIC ADVISORS, INC. | ADVISOR | $5,675 | — | $5,675 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MERRILL LYNCH — INVESTMENT ADVISOR
- PB MARES — ACCOUNTANT/AUDITOR
- STRATEGIC ADVISORS, INC. — ADVISOR
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $61,925
- Estimated Expense Ratio: 0.062% 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 | $22,165 | $13,377 | — | $12,250 | — |
| 2023 | $20,821 | $55,705 | — | $11,750 | — |
| 2022 | $39,094 | $2,648 | — | — | — |