# Employee Relations Associates, INC. 401(k) Plan
Source: https://planprovider.pro/companies/employee-relations-associates-inc-401k-plan

> Employee Relations Associates, INC.'s 401(k) plan: 1,049 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/fidelity-investments) — RECORDKEEPER

- [BONADIO & CO., LLP](https://planprovider.pro/provider/bonadio-and-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|—|—|—|—|

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[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/employee-relations-associates-inc-401k-plan)

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