Channel Communications LLC 401(k) Plan

• Opportunity

  Low participant contribution

  Participant contribution per participant is in the bottom quintile of the peer cohort.

  Form 5500-SF
• Opportunity

  Low employer contribution

  Employer contribution per participant is in the bottom quintile of the peer cohort.

  Form 5500-SF
• Opportunity

  High fees

  Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

  Form 5500-SF
• Opportunity

  Low returns

  Annual investment return is in the bottom quintile of the peer cohort.

  Form 5500-SF
• Opportunity

  Low assets / participant

  Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

  Form 5500-SF
• Informational

  Wind-down / frozen

  Plan appears closed to new enrollment or frozen - balance-holders far exceed active participants, or the plan reports active distributions with no inflows. Exclude from peer benchmarks.

  Lines 6a and 6g

Industry

23 - Construction

Plan type

Defined contribution

Participants

<25

Cohort

55,141 peers

Snapshot

2024

Not reported. Schedule C was not filed with this plan's most recent Form 5500, so no paid service providers are listed.

• 2A
  Age/service weighted or new comparability plan

  Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
• 2E
  Profit-sharing

  Profit-sharing plan.
• 2F
  ERISA section 404(c) plan

  This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
• 2G
  Total participant-directed account plan

  Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
• 2J
  Code section 401(k) feature

  Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
• 2T
  Default investment account

  Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
• 3D
  Pre-approved pension plan

  A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.