Plan Ledger DOL Form 5500 · updated monthly

Employee Liability Management, Inc.401(k)

ELM STAFFING, INC. 401(K) PLAN · MOBILE, AL · plan year 2024

Reported admin expense ratio · 2024
1.41%

Peer grade: D · admin costs + employer contributions vs same-size plans · how grading works

Employee Liability Management, Inc. reported $326,121 in plan administrative expenses for 2024: 1.41% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,058 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio fell from 1.59% to 1.41%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other administrative & support services employers. By assets it is the 247th-largest of 902 plans among Alabama employers on file, and the 500th of 2,534 in administrative & support services. In 2024, employees put in $2.28 for every $1.00 the employer contributed; active participation has grown from 805 to 1,108 since 2022.

Plan summary
Net assets, end of year$26,109,600
Participants with balances707
Active participants1,108
Employer contributions$1,172,200
Employee contributions$2,671,423
Employer contribution per active participant$1,058
Average account balance$36,930
Benefits paid to participants$2,144,548
Plan auditUnmodified (clean) audit opinion
AuditorCERESA N. FRENKEL, P.C.
Plan history3
Yearassets · accounts · employer contribution
2024$26.1M · 707 accts · $1.2M emplr
2023$20.1M · 564 accts · $1.1M emplr
2022$15.9M · 513 accts · $943K emplr
Administrative expenses, itemized · 2024
Investment management$326,121
Total administrative$326,121
The Employee Liability Management, Inc. 401(k) match · 2024
Employer contribution per active participant$1,058
Median for plans this size$2,416
2024$1,058 per active participant
2023$1,101 per active participant
2022$1,172 per active participant

Employee Liability Management, Inc.'s 2024 employer contribution ran below the $2,416 median for plans its size, in the bottom quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20246
NATIONWIDE · Recordkeeping · Custodial$2,332
L&L FINANCIAL SERVICES · Investment advisory (participants) · Investment advisory (plan)$167,941
BRINKER CAPTITAL INVESTMENTS · Investment advisory (participants) · Investment advisory (plan)$52,618
BENEFIT PROFESSIONALS, INC. · Pension consulting · Loan processing$41,266
IRON FIDUCIARY · Investment advisory (participants) · Investment advisory (plan)$11,637
ERNEST L SMITH JR · Investment advisory (participants) · Investment advisory (plan)$2,092

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024Nationwide
2023Nationwide

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$326,121 · 1.41%
2023$257,386 · 1.43%
2022$257,386 · 1.59%
Same employer
Similar plansAdministrative & Support Services · Alabama
Galactic, Inc. AL$32.1M · 0.88%
Pbs Aso, LLC AL$17.2M · 1.20%
Guardian Credit Union AL$14.0M · 0.20%

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Source: U.S. Department of Labor, Form 5500 series, EIN 631249564 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.