Retirement plan

ERICA LANE ENTERPRISES, INC. 401K PLAN

Name: ERICA LANE ENTERPRISES, INC. - ERICA LANE ENTERPRISES, INC. 401K PLAN (2016) Form 5500
Creator: ERICA LANE ENTERPRISES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ERICA LANE ENTERPRISES, INC. 401K PLAN, ERICA LANE ENTERPRISES, INC.

ERICA LANE ENTERPRISES, INC.EIN 58-2350718Plan #001PY 2016

2905 WESTCORP BLVD STE 114 - HUNTSVILLE, AL 35805256-536-7117eleinc.comLinkedIn201-500 employeesfacilities services

Other plans on this EIN

1 filing

#002Retirement-$720K assets

Prospect flagsHigh feesLow participation

How to read this page

Total assets (EOY)

$6M

-0.2% from 2015

Total participants

111

-6.7% from 2015

Average account balance

$67,445

+11.1% from 2015

Annual return

7.24%

+4.09 pp from 2015

Benchmarks

See 24,581 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants25-99

Cohort24,581 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.73M

Not enough data

1 years with asset history on file

Average account balance

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

$91K

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.

68.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$598K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+11.42%

Not enough data

1 years with return on file

Admin fee / account holder

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

$24053

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

Top 3 by compensation

Provider	Service type	Compensation
CAMBRIDGE INVESTMENT RESEARCH2+ years Service code 27 · EIN 42-1445429	Advisory (Plan)	$20,003
ANGLIN REICHMANN ARMSTRONG, P.C.1 year Filed as: ANGLIN REICHMANN Service code 10 · EIN 63-1262841	Accounting	$8,000
FIDELITY INVESTMENTS INSTITUTIONAL2+ years Service code 37 · EIN 04-2647786	Loan Processing	$544

Plan features & details

Pension benefit codes2E2F2J2K2T3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$29K

$501 / participant

Other / not subdivided$29K100.0%

% of EOY assets

0.476%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: ANGLIN REICHMANN SNELLGROVE & ARMST
Auditor EIN: 631262841
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$67,445

$76,551-11.9%

$123,894-45.6%

$62,881+7.3%

Participation rate

61.4%

73.0%-11.6pp

81.4%-20.0pp

69.3%-7.9pp

Annual return

7.24%

18.68%-11.4pp

47.52%-40.3pp

20.14%-12.9pp

Employer contribution / active EE

$1,903

$2,882-34.0%

$4,617-58.8%

$2,281-16.6%

Participant deferral / active EE

$3,874

$4,840-20.0%

$5,984-35.3%

$3,203+20.9%

Admin fee / account holder

$321

$4,826-93.4%

$8,357-96.2%

$4,296-92.5%

Provider

Service type

Compensation

CAMBRIDGE INVESTMENT RESEARCH2+ years

Service code 27 · EIN 42-1445429

Advisory (Plan)

$20,003

ANGLIN REICHMANN ARMSTRONG, P.C.1 year

Filed as: ANGLIN REICHMANN

Service code 10 · EIN 63-1262841

Accounting

$8,000

FIDELITY INVESTMENTS INSTITUTIONAL2+ years

Service code 37 · EIN 04-2647786

Loan Processing

$544

ERICA LANE ENTERPRISES, INC. 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ERICA LANE ENTERPRISES, INC. 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion