# Erik'S Bike Shop, INC. 401(k) Plan
Source: https://planprovider.pro/companies/erik-s-bike-shop-inc-401k-plan

> Erik'S Bike Shop, INC.'s 401(k) plan: 0 participants, plan year 2023 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2023.

## Plan Snapshot

- **Plan Sponsor:** Erik'S Bike Shop, INC.

- **Sponsor EIN:** 411458699

- **Sponsor Address:** 550 KASOTA AVE SE, MINNEAPOLIS, MN, 55414

- **Plan Type:** 401(k)

- **Total Participants:** 0

- **Total Assets:** $0

## 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|0|$0|$22,379|$131,156|

| 2023|178|$4.7M|$50,355|$277,297|

| 2022|184|$3.9M|$47,631|$265,964|

## 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|

| ELLINGSON & ELLINGSON, LTD.|Auditor|—|—|$0|

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $0

### 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|$37,986|—|$28,498|—|—|

| 2023|$39,397|$25,614|—|—|—|

| 2022|$36,980|—|—|—|—|

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