Plan Snapshot
- Plan Sponsor: Employee Liability Management, INC.
- Sponsor EIN: 631249564
- Sponsor Address: 210 S. WASHINGTON AVENUE, MOBILE, AL, 36602
- Plan Type: 401(k)
- Total Participants: 1,108
- Total Assets: $26.1M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 1,108 | $26.1M | $1.2M | $2.7M |
| 2023 | 974 | $20.1M | $1.1M | $2.5M |
| 2022 | 805 | $15.9M | $943,102 | $2.0M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| L&L FINANCIAL SERVICES | ADVISORY SERVICE PROVIDE | $167,941 | — | $167,941 |
| BRINKER CAPTITAL INVESTMENTS | ADVISORY | $52,618 | — | $52,618 |
| BENEFIT PROFESSIONALS, INC. | TPA | $41,266 | $9,744 | $51,010 |
| ERNEST L SMITH JR | ADVISOR | $2,092 | $48,553 | $50,645 |
| NATIONWIDE | RECORDKEEPER CUSTODIAN | $2,332 | $19,488 | $21,820 |
| IRON FIDUCIARY | ADVISORY | $11,637 | — | $11,637 |
| CERESA N. FRENKEL, P.C. | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- L&L FINANCIAL SERVICES — ADVISORY SERVICE PROVIDE
- NATIONWIDE — RECORDKEEPER CUSTODIAN
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $355,671
- Estimated Expense Ratio: 1.361% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $326,121 | $326,121 | — | — | — |
| 2023 | $257,386 | $176,751 | — | — | — |
| 2022 | $257,386 | — | — | — | $257,386 |