Challenge Industries, Inc.DC plan
403(B) THRIFT PLAN FOR EMPLOYEES OF CHALLENGE INDUSTRIES, INC. · ITHACA, NY · plan year 2022
Peer grade: B · admin costs + employer contributions vs same-size plans · how grading works
Challenge Industries, Inc. reported $972 in plan administrative expenses for 2022: 0.04% of average plan assets, lower than ~75% of peers. Employer contributions averaged $230 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.
Across the 2 years on file its reported administrative ratio rose from 0.04% to 0.87%. The plan sits in the $1M–$10M size bracket, benchmarked here against 30,021 comparable plans. By assets it is among the smaller plans on file in New York (5,043rd of 5,648). In 2022, employees put in $1.18 for every $1.00 the employer contributed.
Challenge Industries, Inc.'s 2022 employer contribution ran below the $1,114 median for plans its size, in the bottom quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.
Annual cost at the plan's reported 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
This plan has changed recordkeepers within these filings. If you left Challenge Industries, Inc. before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).
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Source: U.S. Department of Labor, Form 5500 series, EIN 160956917 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.