Retirement plan

ERISA PARTNERS, INC. POOLED EMPLOYER PLAN

Name: ERISA PARTNERS, INC. - ERISA PARTNERS, INC. POOLED EMPLOYER PLAN (2024) Form 5500
Creator: ERISA PARTNERS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ERISA PARTNERS, INC. POOLED EMPLOYER PLAN, ERISA PARTNERS, INC.

ERISA PARTNERS, INC.EIN 64-0815705Plan #004PY 2024

PO BOX 22968 - NASHVILLE, TN 37202615-309-5592

Prospect flagsLow participationLow assets / participantLow employer contributionLow participant contributionFailed to transmit contributions

How to read this page

Total assets (EOY)

$80.7M

+95.7% from 2023

Total participants

8,821

+39.0% from 2023

Average account balance

$22,410

+46.4% from 2023

Annual return

82.27%

-154.03 pp from 2023

Benchmarks

See 108 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants5,000-9,999

Cohort108 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$80.70M

Not enough data

1 years with asset history on file

Average account balance

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

$22K

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.

3,601

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.

33.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$10.75M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$1K

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

+82.27%

Not enough data

1 years with return on file

Admin fee / account holder

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

$141

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 3 by compensation

Provider	Service type	Compensation
ERISA PARTNERS, INC.2 years Service code 15 · EIN 64-0815705 215 CENTERVIEW DRIVE · BRENTWOOD, TN 37027	Recordkeeping	$382,126
FIDUCIARY INVESTMENT ADVISORS2 years Filed as: FIDUCIARY BENEFITS GROUP, INC. Service code 26 · EIN 87-3709842 36753 BRAKEN WAY · LAKE ELSINORE, CA 92532	Advisory (Participants)	$65,095
ERISA ADVISERS, INC.2 years Service code 26 · EIN 46-4414880 215 CENTERVIEW DRIVE · BRENTWOOD, TN 37027	Advisory (Participants)	$60,725

Plan features & details

Pension benefit codes2A2E2F2G2J2K2S2T3D3H

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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

5 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$508K

$65 / participant

Recordkeeping$346K68.2%
Investment mgmt$126K24.8%
Contract admin$4K0.8%
Other / not subdivided$32K6.3%

% of EOY assets

0.629%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: BLANKENSHIP CPA GROUP
Auditor EIN: 450491842
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$22,410

$120,321-81.4%

$147,117-84.8%

$99,313-77.4%

Participation rate

33.2%

73.4%-40.2pp

82.2%-49.0pp

71.7%-38.5pp

Annual return

82.27%

28.95%+53.3pp

420.54%-338.3pp

17.67%+64.6pp

Employer contribution / active EE

$412

$4,158-90.1%

$4,932-91.6%

$3,264-87.4%

Participant deferral / active EE

$964

$8,044-88.0%

$8,065-88.0%

$5,346-82.0%

Admin fee / account holder

$141

$150-6.2%

$12,993-98.9%

$109+29.2%

Provider

Service type

Compensation

ERISA PARTNERS, INC.2 years

Service code 15 · EIN 64-0815705

215 CENTERVIEW DRIVE · BRENTWOOD, TN 37027

Recordkeeping

$382,126

FIDUCIARY INVESTMENT ADVISORS2 years

Filed as: FIDUCIARY BENEFITS GROUP, INC.

Service code 26 · EIN 87-3709842

36753 BRAKEN WAY · LAKE ELSINORE, CA 92532

Advisory (Participants)

$65,095

ERISA ADVISERS, INC.2 years

Service code 26 · EIN 46-4414880

215 CENTERVIEW DRIVE · BRENTWOOD, TN 37027

Advisory (Participants)

$60,725

ERISA PARTNERS, INC. POOLED EMPLOYER PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ERISA PARTNERS, INC. POOLED EMPLOYER 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