Plan Ledger DOL Form 5500 · updated monthly

Channeled Resources, Inc.401(k)

CRM EMPLOYEE SAVINGS & INVESTMENT PLAN · CHICAGO, IL · plan year 2024

Reported admin expense ratio · 2024
0.41%

Peer grade: C+ · admin costs + employer contributions vs same-size plans · how grading works

Channeled Resources, Inc. reported $47,162 in plan administrative expenses for 2024: 0.41% of average plan assets, above the peer median. Employer contributions averaged $1,880 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 3 years on file its reported administrative ratio has held roughly steady near 0.41%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other finance & insurance employers. By assets it is among the smaller plans on file in Illinois (2,158th of 3,702), and 3,724th of 4,798 in finance & insurance. In 2024, employees put in $2.76 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$12,633,633
Participants with balances149
Active participants134
Employer contributions$251,854
Employee contributions$694,214
Employer contribution per active participant$1,880
Average account balance$84,789
Benefits paid to participants$684,355
Plan auditUnmodified (clean) audit opinion
AuditorPORTE BROWN
Plan history3
Yearassets · accounts · employer contribution
2024$12.6M · 149 accts · $252K emplr
2023$10.1M · 150 accts · $285K emplr
2022$7.5M · 145 accts · $210K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$20,626
Investment management$26,536
Total administrative$47,162
The Channeled Resources, Inc. 401(k) match · 2024
Employer contribution per active participant$1,880
Median for plans this size$2,416
2024$1,880 per active participant
2023$2,265 per active participant
2022$1,638 per active participant

Channeled Resources, Inc.'s 2024 employer contribution ran below the $2,416 median for plans its size. 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.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
ADVANCE CAPITAL MANAGEMENT INC · Investment advisory (plan)$26,536
CAPITAL GROUP RETIREMENT PLAN SVCS. · Trustee (directed) · Other services$20,626

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history3
2024$47,162 · 0.41%
2023$36,201 · 0.41%
2022$35,926 · 0.43%
Same employer
Similar plansFinance & Insurance · Illinois
Binah Management Services IL$13.5M · 0.17%
Paylink Payment Plans, LLC IL$13.5M · 0.00%
Hickory Point Bank & Trust IL$12.5M · 0.54%

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Source: U.S. Department of Labor, Form 5500 series, EIN 362983075 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.