How big is Channellock, Inc.'s plan?

Channellock, Inc.'s plan reported $13.0M in assets and 236 participants for 2024.

Original filing (PDF)20251014125913NAL0001416339001

Channellock, Inc.

Name: Channellock, Inc. — Channellock, Inc. 401(k) Plan, Form 5500 (2024)
Creator: Channellock, Inc.
License: https://www.usa.gov/government-works

Form 5500

FILING_RECEIVED

Channellock, Inc. 401(k) Plan for Bargaining UNIT Employees

401(k) retirement plan · Channellock, Inc.'s Channellock, Inc. 401(k) Plan for Bargaining UNIT Employees held $13.0M in plan assets for 236 participants in 2024, with Empower as recordkeeper.

Signals · 1

Late participant contributions

Active participants

236

Accounts w/ balance

433

Plan assets (EOY)

$13.0M

Net assets (EOY)

$13.0M

Plan identifiers

Channellock, Inc.'s EIN is 25-0399850.

EIN 25-0399850

Plan number 005

Plan year 2024

ACK ID 20251014125913NAL0001416339001

Official Form 5500 document

Download the official 2024 Form 5500 (PDF) for Channellock, Inc. from the U.S. Department of Labor's EFAST2 system.

Download the official 2024 Form 5500 (PDF)

Plan features

Channellock, Inc.'s plan includes profit-sharing, ERISA 404(c) participant direction, a 401(k) feature, a default investment (QDIA).

Decision-maker contacts

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How this plan invests

This plan

30 securities

funds · stocks · CUSIPs

Holdings are itemized directly on this plan's Schedule of Assets, below.

Plan health score

Average plan with room to improve

Directional indicator from public Form 5500 data — compliance & integrity, total plan cost, participant health and vendor stack, benchmarked against same-size peers. Not a fiduciary tool.

Compliance & integrity

Total plan cost

Plan health

Vendor & structure

100

Knocking points off

Delinquent participant contributions reported (Schedule H 4a) — 0K (0% of contributions).
Total administrative cost in the bottom quartile of peers (19th percentile).

Helping the score

High account-holder ratio — balance-holders per active participant in the top 15% of peers (92nd percentile).

Plan sponsor

Name

CHANNELLOCK, INC.

EIN

all filings

Address

1306 SOUTH MAIN STREET · MEADVILLE, PA · 16335

Phone

(814) 724-8700

Industry

Manufacturing

Plan administrator

Same as plan sponsor.

Plan characteristics

Plan number

005

Plan year

2024

Plan year begin

2024-01-01

Tax period

2024-12-31

Filed

2025-10-14

Pension benefit codes

2E · Profit-sharing

2F · ERISA section 404(c)

2G · Total participant-directed accounts

2J · 401(k) feature

2K · 401(m) arrangement

2T · Default investment account (QDIA)

3D · Pre-approved plan (master / prototype / VS)

3H · Sponsor in controlled / affiliated group

Service providers (Schedule C)

4 rows

Recordkeeper

Name	EIN	Location	Relation	Direct comp	Indirect comp
EMPOWER ANNUITY INSURANCE COMPANY O	—	GREENWOOD VILLAGE, CO	RECORDKEEPER	$35K	—
EMPOWER ADVISORY GROUP, LLC	—	GREENWOOD VILLAGE, CO	INVESTMENT MGMT	$4K	—

TPA / Administrator

Name	EIN	Location	Relation	Direct comp	Indirect comp

Investments

30 direct securities· $13.0M(100% of reported assets)

Other securities

$5.3M

14 holdings

Mutual Funds

$5.2M

14 holdings

Common Collective Trusts

$1.6M

1 holding

Common Stocks

$875K

1 holding

					% of plan
JP Morgan Large Cap Growth R3	Other securities	—	—	$2.5M	18.9%
Fidelity 500 Index	Common Collective Trusts	—	—	$1.6M	12.6%
MFS Value A	Mutual Funds	—	—	$1.4M	10.7%
Empower Annuity Insurance Company of America Key Guaranteed Portfolio Fund	Common Stocks	—	—	$875K	6.7%
MFS Total Return Bond A	Mutual Funds	—	—	$612K	4.7%
American Funds Bond Fund of America R5	Mutual Funds	—	—	$596K	4.6%
participants maturing through September 2033	Other securities	—	—	$539K	4.1%
Macquarie Mid Cap Growth Y	Other securities	—	—	$485K	3.7%
Allspring Special Small Cap Value A	Other securities	—	—	$473K	3.6%
MFS International Growth A	Mutual Funds	—	—	$467K	3.6%
MFS International Diversification A	Mutual Funds	—	—	$437K	3.4%
First Eagle Global A	Other securities	—	—	$431K	3.3%
American Funds New World Fund R4	Mutual Funds	—	—	$337K	2.6%
Fidelity International Index	Mutual Funds	—	—	$326K	2.5%
Fidelity Mid Cap Index	Mutual Funds	—	—	$264K	2.0%
Transamerica International Equity A	Other securities	—	—	$235K	1.8%
Columbia Capital Allocation Moderate Aggressive A	Other securities	—	—	$205K	1.6%
Fidelity Small Cap Index	Mutual Funds	—	—	$157K	1.2%
Columbia Capital Allocation Moderate A	Other securities	—	—	$155K	1.2%
MFS Mid Cap Value A	Mutual Funds	—	—	$155K	1.2%
PIMCO CommoditiesPLUS Strategy Institutional	Mutual Funds	—	—	$140K	1.1%
Janus Henderson Triton A	Mutual Funds	—	—	$137K	1.0%
American Funds Inflation Linked Bond R6	Mutual Funds	—	—	$119K	0.9%
Invesco International Bond A	Mutual Funds	—	—	$97K	0.7%
Eaton Vance High Income Opportunities A	Other securities	—	—	$72K	0.6%
Columbia Capital Allocation Moderate Conservative A	Other securities	—	—	$69K	0.5%
Neuberger Berman Real Estate A	Other securities	—	—	$63K	0.5%
Columbia Capital Allocation Conservative A	Other securities	—	—	$48K	0.4%
Cohen & Steers Global Realty I	Other securities	—	—	$27K	0.2%
Pioneer Strategic Income A	Other securities	—	—	$11K	<0.1%