Retirement plan

PAYROLL PROCESSING PLUS 401(K) PROFIT SHARING PLAN

Name: KELLY B. ERICKSON, INC. D.B.A. PAYROLL PROCESSING PLUS - PAYROLL PROCESSING PLUS 401(K) PROFIT SHARING PLAN (2025) Form 5500
Creator: KELLY B. ERICKSON, INC. D.B.A. PAYROLL PROCESSING PLUS
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PAYROLL PROCESSING PLUS 401(K) PROFIT SHARING PLAN, KELLY B. ERICKSON, INC. D.B.A. PAYROLL PROCESSING PLUS

KELLY B. ERICKSON, INC. D.B.A. PAYROLL PROCESSING PLUSEIN 20-8434602Plan #001PY 2025

2009 LONDON RD, SUITE 320 - DULUTH, MN 55802218-720-3566

Prospect flagsHigh assets / participant

How to read this page

Total assets (EOY)

$1.7M

+23.5% from 2024

Total participants

0.0% from 2024

Average account balance

$288,032

+23.5% from 2024

Annual return

18.13%

+5.15 pp from 2024

Benchmarks

See 97,882 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants<25

Cohort97,882 peers

Snapshot2025

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$1.73M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$288K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$75K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$13K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+18.13%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

0 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2G2J3D2T

Plan features

2E
Profit-sharing
Profit-sharing plan.
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.

Opportunity flags

1 tripped

InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$288,032

$156,398+84.2%

$147,318+95.5%

$138,895+107.4%

Participation rate

83.3%

83.8%-0.4pp

82.1%+1.3pp

79.9%+3.4pp

Annual return

18.13%

78.75%-60.6pp

70.43%-52.3pp

145.39%-127.3pp

Employer contribution / active EE

$3,235

$4,853-33.3%

$4,593-29.6%

$4,194-22.9%

Participant deferral / active EE

$9,292

$8,237+12.8%

$7,906+17.5%

$6,396+45.3%

Admin fee / account holder

$14,976-100.0%

$13,708-100.0%

$12,562-100.0%

PAYROLL PROCESSING PLUS 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

PAYROLL PROCESSING PLUS 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion