Retirement plan

ERICA LANE ENTERPRISES, INC. UNION EMPLOYEES 401(K) PLAN

Name: ERICA LANE ENTERPRISES, INC. - ERICA LANE ENTERPRISES, INC. UNION EMPLOYEES 401(K) PLAN (2024) Form 5500
Creator: ERICA LANE ENTERPRISES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ERICA LANE ENTERPRISES, INC. UNION EMPLOYEES 401(K) PLAN, ERICA LANE ENTERPRISES, INC.

ERICA LANE ENTERPRISES, INC.EIN 58-2350718Plan #002PY 2024

3226 BOB WALLACE AVENUE, SW - HUNTSVILLE, AL 35805256-536-7117eleinc.comLinkedIn201-500 employeesfacilities services

Other plans on this EIN

1 filing

#001Retirement-$7.7M assets

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$4M

+48.9% from 2023

Total participants

252

-5.3% from 2023

Average account balance

$16,156

+50.7% from 2023

Annual return

14.31%

-8.61 pp from 2023

Benchmarks

See 1,414 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants100-249

Cohort1,414 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.01M

Not enough data

1 years with asset history on file

Average account balance

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

$16K

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.

248

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.

98.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.27M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+14.31%

Not enough data

1 years with return on file

Admin fee / account holder

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

$53

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

1 years with F_SCH_H allocation on file

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

Service providers

Top 2 by compensation

Provider	Service type	Compensation
KEEL POINT CAPITAL LLC1 year Service code 27 · EIN 42-1607342	Advisory (Plan)	$10,612
FIDELITY INVESTMENTS INSTITUTIONAL1 year Service code 37 · EIN 04-2647786	Loan Processing	$2,588

Plan features & details

Pension benefit codes2E2F2J2K2T3D2R

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$13K

$58 / participant

Recordkeeping$3K19.6%
Investment mgmt$11K80.4%

% of EOY assets

0.329%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: ANGLIN REICHMANN ARMSTRONG, P.C.
Auditor EIN: 631262841
Audit fees: $0
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$16,156

$45,123-64.2%

$85,240-81.0%

$74,478-78.3%

Participation rate

98.3%

49.4%+48.9pp

67.5%+30.7pp

67.2%+31.0pp

Annual return

14.31%

26.32%-12.0pp

66.75%-52.4pp

1370.56%-1356.3pp

Employer contribution / active EE

$4,457

$1,459+205.5%

$2,735+62.9%

$2,626+69.7%

Participant deferral / active EE

$1,103

$2,736-59.7%

$4,527-75.6%

$4,350-74.6%

Admin fee / account holder

$53

$2,215-97.6%

$6,165-99.1%

$1,946-97.3%

Provider

Service type

Compensation

KEEL POINT CAPITAL LLC1 year

Service code 27 · EIN 42-1607342

Advisory (Plan)

$10,612

FIDELITY INVESTMENTS INSTITUTIONAL1 year

Service code 37 · EIN 04-2647786

Loan Processing

$2,588

ERICA LANE ENTERPRISES, INC. UNION EMPLOYEES 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ERICA LANE ENTERPRISES, INC. UNION EMPLOYEES 401(K) 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