401(k) · DOL Form 5500 · 2024

Challenge Financial Services, Inc. 401(k) Plan

Data updated 2026-08-25

$3M
Total assets Small plan by assets
80
Participants Small participant base
36th
Percentile by assets National rank
$42,027
Avg per participant Low balance/head
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Official DOL plan name: Challenge Financial Services, Inc. 401(k) Profit Sharing Plan · Sponsored by Challenge Financial Services, Inc. · California · Finance & Insurance

$3M in assets, 80 participants

Challenge Financial Services, Inc.'s Challenge Financial Services, Inc. 401(k) Profit Sharing Plan reported $3M in total assets and 80 participants in its 2024 DOL Form 5500 filing, ranking in the 36th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.

  • #2,012 in Finance & Insurance (8,549 peers)

Challenge Financial Services, Inc. multi-year trail

Challenge Financial Services, Inc.'s plans moved +38.9% in assets from 2022 to 2024; this filing shows Challenge Financial Services, Inc. 401(k) Profit Sharing Plan at $3M / 80 participants.

#2,012
in Finance & Insurance (8,549 peers)
+6.5%
assets growth YoY

Challenge Financial Services, Inc. 401(k) Profit Sharing Plan's mid-pack asset rank among Finance & Insurance and all filers

Challenge Financial Services, Inc. 401(k) Profit Sharing Plan vs every filed plan by assets

End-of-year total assets · plan year 2024 · DOL Form 5500

$3,362,123 36th percentile higher than 36% of 123,620 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2024

Challenge Financial Services, Inc. 401(k) Profit Sharing Plan among smaller filed plans by headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Challenge Financial Services, Inc. 401(k) Profit Sharing Plan is a small filing (80 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Challenge Financial Services, Inc. 401(k) Profit Sharing Plan reported net income fell from $737K in the plan year 2023 filing to $205K in the plan year 2024 filing.
  • Challenge Financial Services, Inc. 401(k) Profit Sharing Plan end-of-year assets rose from $3M in the plan year 2023 filing to $3M in the plan year 2024 filing.
  • Challenge Financial Services, Inc. 401(k) Profit Sharing Plan reported participants rose from 77 in the plan year 2023 filing to 80 in the plan year 2024 filing.

See the national 2023→2024 release diff →

Form 5500 schedule snapshot

Filing strip 330718991 · Challenge Financial Services, Inc. PY 2024 · 401(k)

Challenge Financial Services, Inc. 401(k) Profit Sharing Plan · $3M · 80 · 36th

  • 5500 $3M
  • 5500 80
  • 5500 36th
  • 5500 401(k)
  • 5500 near Generations Bank 401(k) Plan
  • 5500 ind #2012

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Finance & Insurance retirement plans → · Plans in California →

Challenge Financial Services, Inc. 401(k) Profit Sharing Plan in the asset neighbourhood

Challenge Financial Services, Inc. 401(k) Profit Sharing PlanChallenge Financial Services…$3MGenerations Bank 401(k) Plan$3MDesert Ready Mix, LLC 401(k) PlanDesert Ready Mix, LLC 401(k)…$3MBricolage Academy 403(b) Retirement PlanBricolage Academy 403(b) Ret…$3MDr. Cynthia T. Jarzembinski Ltd 401(k) Plan & TrustDr. Cynthia T. Jarzembinski …$3M
End-of-year total assets ($M) among Challenge Financial Services, Inc. 401(k) Profit Sharing Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Challenge Financial Services, Inc. multi-year asset trail

Sponsor-wide plan assets over time

All Challenge Financial Services, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$3M 38.926282097635735% vs 2022
2024 filing year
$2M$2.5M$3M$3.5M 202220232024 $2.42M $3.36M ▲ +38.8%
Year Plans Participants Total Assets
2022 1 77 $2M
2023 1 77 $3M
2024 1 80 $3M

Challenge Financial Services, Inc. filing trail (2024)

Total Assets (Beginning of Year)$3M
Net Assets (End of Year)$3M
Net Income$205K
Employer EIN330718991
Plan Effective Date2013-11-01
Filing StatusFILING RECEIVED

Nearby 401(k) Plans in California

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Challenge Financial Services, Inc. 401(k) Profit Sharing Plan vs. nearby 401(k) plans in California, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 -200204060 Total assets ($B) Participants Challenge Financial Services, Inc. 401(k) Profit Sharing Plan, Total assets ($B): 0.003362123 · Participants: 80Challenge Financial Services, Inc. 401(k) Profit Sharing PlanGoogle LLC 401(k) Savings Plan, Total assets ($B): 48.738057415 · Participants: 116712Google LLC 401(k) Savings PlanOracle Corporation 401(k) Savings and Investment Plan, Total assets ($B): 31.02646504 · Participants: 58962Oracle Corporation 401(k) Savings and Investment PlanIntel 401(k) Savings Plan, Total assets ($B): 24.850880304 · Participants: 55298Intel 401(k) Savings PlanApple 401(k) Plan, Total assets ($B): 24.714519387 · Participants: 101450Apple 401(k) PlanCisco Systems,Inc. 401(k) Plan, Total assets ($B): 22.728425546 · Participants: 40452Cisco Systems,Inc. 401(k) Plan
Challenge Financial Services, Inc. 401(k) Profit Sharing Plan vs. nearby 401(k) plans in California, assets vs. participants
Compare Challenge Financial Services, Inc. 401(k) Profit Sharing Plan side-by-side with 3 peers →

Challenge Financial Services, Inc. 401(k) Profit Sharing Plan's out-of-state 401(k) peers by assets and headcount

Outside California, the nearest 401(k) by assets is Generations Bank 401(k) Plan in NY ($3M); by covered participants it is Lewa America Inc 401(k) Profit Sharing Plan & Trust in MA (80 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (80 participants); asset peers above are excluded.

DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Challenge Financial Services, Inc. 401(k) Profit Sharing Plan assets move in 2024? ▼
Challenge Financial Services, Inc. 401(k) Profit Sharing Plan grew at a solid clip - up 6.5% during 2024, from $3M to $3M. Reported net income was $205K.
How have Challenge Financial Services, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Challenge Financial Services, Inc.'s sponsor-wide assets grew 38.9%, from $2M to $3M.
Which 401(k) plans are similar in size to Challenge Financial Services, Inc. 401(k) Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by assets is Generations Bank 401(k) Plan in NY ($3M, 76 participants).
Which 401(k) plans cover a similar participant headcount to Challenge Financial Services, Inc. 401(k) Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Lewa America Inc 401(k) Profit Sharing Plan & Trust in MA (80 participants, N/A in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2024.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 330718991.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.