Challenge Unlimited 401(K) Plan — Form 5500 plan (Challenge Unlimited Inc.)
Plain-English plan summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, Challenge Unlimited 401(K) Plan is a benefit plan reported by Challenge Unlimited Inc. under EIN 37-0805566 and plan number 002. The latest loaded filing year is 2023. The filing reports 256 participants and $4,438,021 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Challenge Unlimited Inc.
- EIN
- 37-0805566
- Plan number
- 002
- Plan type
- 2
- Location
- Alton, IL
- Latest filing year
- 2023
- Participants
- 256
- End-of-year plan assets
- $4,438,021
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 256 | H, C | 20240829104032NAL0021429840001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $4,438,021
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $4,438,021
- Net assets (BOY)
- $4,556,808
Income & contributions
- Employer contributions
- $142,024
- Participant contributions
- $337,822
- Total contributions
- $480,717
- Total income / additions
- $1,136,979
Expenses & distributions
- Benefits paid
- $1,227,090
- Administrative expenses
- $28,676
- Total expenses
- $1,255,766
- Net increase / (decrease)
- -$118,787
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Empower Annuity Insurance Company | RECORDKEEPER | $16,592 | $0 | 2023 |
| Benefit Plans Plus | CONTRACT ADMIN | $2,550 | $4,766 | 2023 |
| Krilogy Financial LLC | OTHER | $5,403 | not reported in the loaded dataset | 2023 |