Plan Snapshot
- Plan Sponsor: Ers Parent, LLC
- Sponsor EIN: 853285126
- Sponsor Address: 406 E MADISON ST., BROUSSARD, LA, 70518
- Plan Type: 401(k)
- Total Participants: 949
- Total Assets: $7.4M
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 | 949 | $7.4M | $410,069 | $904,000 |
| 2023 | 799 | $6.2M | $375,214 | $799,921 |
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 |
|---|---|---|---|---|
| ASCENSUS LLC | Other Service Provider | $30,496 | $128 | $30,624 |
| REGIONS BANK | Other Service Provider | $22,790 | — | $22,790 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $53,414
- Estimated Expense Ratio: 0.725% 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 | $53,287 | — | $30,497 | — | — |
| 2023 | $58,725 | $28,536 | $30,189 | — | — |