What is the Chowly Inc 401(k) match?

In 2023, employer contributions to the Chowly Inc plan averaged $0 per active participant, below the $1,308 median for plans of similar size. Public filings report contribution dollars, not the match formula; the formula is in the plan's summary plan description.

What is the average account balance in the Chowly Inc 401(k)?

The average participant account balance was $22,043 for plan year 2023, based on 77 accounts.

Chowly Inc401(k)

Name: Chowly Inc 401(k) plan: Form 5500 data
Creator: U.S. Department of Labor

CHOWLY INC 401(K) PLAN · CHICAGO, IL · plan year 2023

Employer contribution per participant · 2023

Chowly Inc's 2023 Form 5500 did not separately report plan administrative expenses, which is common where recordkeeping is paid through investment revenue-sharing or a master trust. The plan held $1,697,282 across 77 participant accounts, with employer contributions averaging $0 per active participant. See methodology for what Form 5500 does and doesn't capture.

The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other information & media employers. By assets it is among the smaller plans on file in Illinois (3,396th of 3,702), and 2,109th of 2,199 in information & media.

Plan summary
Net assets, end of year$1,697,282
Participants with balances77
Active participants67
Employer contributions$0
Employee contributions$412,932
Employer contribution per active participant$0
Average account balance$22,043
Benefits paid to participants$293,711
Plan auditUnmodified (clean) audit opinion
AuditorFGMK, LLC

Plan history2

Yearassets · accounts · employer contribution

2023$1.7M · 77 accts

2022$1.3M · 113 accts

The Chowly Inc 401(k) match · 2023

Employer contribution per active participant$0

Median for plans this size$1,308

Chowly Inc's 2023 employer contribution ran below the $1,308 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.

Administrative cost history2

2023Not separately reported

2022Not separately reported

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Source: U.S. Department of Labor, Form 5500 series, EIN 475675836 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.