Plan Snapshot
- Plan Sponsor: Employee Relations Associates, INC.
- Sponsor EIN: 161237844
- Sponsor Address: 6100 FAIRVIEW RD, CHARLOTTE, NC, 28210
- Plan Type: 401(k)
- Total Participants: 1,049
- Total Assets: $6.7M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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 | 1,049 | $6.7M | $269,454 | $606,049 |
| 2023 | 89 | $6.4M | $308,031 | $683,495 |
| 2022 | 305 | $5.2M | $348,138 | $805,550 |
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 |
|---|---|---|---|---|
| THE WATERFORD GROUP LLC | ADVISOR | $20,998 | — | $20,998 |
| FIDELITY INVESTMENTS INSTITUTIONAL | RECORDKEEPER | $19,022 | — | $19,022 |
| BONADIO & CO., LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
- BONADIO & CO., LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $40,020
- Estimated Expense Ratio: 0.599% 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 | $40,020 | $20,998 | — | — | — |
| 2023 | $37,404 | $18,839 | — | — | — |
| 2022 | $34,534 | — | — | — | — |