Retirement plan

ELM STAFFING, INC. 401(K) PLAN

Name: EMPLOYEE LIABILITY MANAGEMENT, INC. - ELM STAFFING, INC. 401(K) PLAN (2022) Form 5500
Creator: EMPLOYEE LIABILITY MANAGEMENT, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ELM STAFFING, INC. 401(K) PLAN, EMPLOYEE LIABILITY MANAGEMENT, INC.

EMPLOYEE LIABILITY MANAGEMENT, INC.EIN 63-1249564Plan #001PY 2022

210 S. WASHINGTON AVENUE - MOBILE, AL 36602251-470-0700elminfo.comLinkedIn11-50 employeeshuman resources

Prospect flagsHigh feesLow participationCorrective distributions

How to read this page

Total assets (EOY)

$15.9M

-3.6% from 2021

Total participants

916

+11.0% from 2021

Average account balance

$30,959

-21.2% from 2021

Annual return

-12.91%

-22.81 pp from 2021

Benchmarks

See 780 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants250-999

Cohort780 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$26.13M

Not enough data

1 years with asset history on file

Average account balance

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

$37K

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.

707

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.

47.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.84M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+21.79%

Not enough data

1 years with return on file

Admin fee / account holder

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

$461

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 5 by compensation

Provider	Service type	Compensation
L&L FINANCIAL SERVICES8+ years Service code 26 · EIN 63-1238530	Advisory (Participants)	$138,680
BENEFIT PROFESSIONALS, INC.8+ years Service code 17 · EIN 90-1118690	Pension Consulting	$105,678
NATIONWIDE8+ years Service code 15 · EIN 31-4156830	Recordkeeping	$71,734
BRINKER CAPITAL2 years Filed as: BRINKER CAPTITAL INVESTMENTS Service code 26 · EIN 13-4109249	Advisory (Participants)	$45,074
ACTIVE GRAPHICS, IC.2 years Filed as: ACTIVE CORE - PASSIVE THROUGH TARG Service code 26 · EIN 26-2409128	Advisory (Participants)	$7,441

Plan features & details

Pension benefit codes2A2E2F2G2J2K2S2T3D

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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).
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.
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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

3 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.)
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$257K

$320 / participant

Other / not subdivided$257K100.0%

% of EOY assets

1.621%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: CERESA N. FRENKEL, P.C.
Auditor EIN: 721400033
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$30,959

$34,634-10.6%

$77,096-59.8%

$64,819-52.2%

Participation rate

49.9%

49.8%+0.1pp

67.9%-18.0pp

71.5%-21.5pp

Annual return

-12.91%

-5.31%-7.6pp

42.35%-55.3pp

32.84%-45.8pp

Employer contribution / active EE

$1,172

$1,385-15.4%

$2,814-58.4%

$2,507-53.3%

Participant deferral / active EE

$2,489

$2,553-2.5%

$4,429-43.8%

$4,311-42.3%

Admin fee / account holder

$502

$178+181.4%

$5,428-90.8%

$188+167.1%

Provider

Service type

Compensation

L&L FINANCIAL SERVICES8+ years

Service code 26 · EIN 63-1238530

Advisory (Participants)

$138,680

BENEFIT PROFESSIONALS, INC.8+ years

Service code 17 · EIN 90-1118690

Pension Consulting

$105,678

NATIONWIDE8+ years

Service code 15 · EIN 31-4156830

Recordkeeping

$71,734

BRINKER CAPITAL2 years

Filed as: BRINKER CAPTITAL INVESTMENTS

Service code 26 · EIN 13-4109249

Advisory (Participants)

$45,074

ACTIVE GRAPHICS, IC.2 years

Filed as: ACTIVE CORE - PASSIVE THROUGH TARG

Service code 26 · EIN 26-2409128

Advisory (Participants)

$7,441

ELM STAFFING, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ELM STAFFING, INC. 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