Plan Ledger DOL Form 5500 · updated monthly

Erie Management Group, LLC401(k)

ERIE MANAGEMENT GROUP, LLC 401(K) PLAN · ERIE, PA · plan year 2024

Reported admin expense ratio · 2024
0.31%

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

Erie Management Group, LLC reported $30,479 in plan administrative expenses for 2024: 0.31% of average plan assets, below the peer median. Employer contributions averaged $2,505 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 3 years on file its reported administrative ratio has held roughly steady near 0.310%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other management of companies employers. By assets it is among the smaller plans on file in Pennsylvania (2,281st of 3,651), and 561st of 786 in management of companies. In 2024, employees put in $1.91 for every $1.00 the employer contributed; active participation has shrunk from 166 to 124 since 2022.

Plan summary
Net assets, end of year$10,050,070
Participants with balances183
Active participants124
Employer contributions$310,668
Employee contributions$593,290
Employer contribution per active participant$2,505
Average account balance$54,918
Benefits paid to participants$1,870,775
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$10.1M · 183 accts · $311K emplr
2023$9.6M · 204 accts · $356K emplr
2022$8.2M · 235 accts · $393K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$3,066
Investment management$27,413
Total administrative$30,479
The Erie Management Group, LLC 401(k) match · 2024
Employer contribution per active participant$2,505
Median for plans this size$1,313
2024$2,505 per active participant
2023$2,618 per active participant
2022$2,366 per active participant

Erie Management Group, LLC's 2024 employer contribution ran above the $1,313 median for plans its size, placing it in the top 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 · 20242
CNB BANK · Investment advisory (plan)$24,614
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$3,066

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

Administrative cost history3
2024$30,479 · 0.31%
2023$26,471 · 0.30%
2022$28,844 · 0.31%
Same employer
Similar plansManagement of Companies · Pennsylvania
Empire Kosher Poultry, Inc. PA$17.1M · 0.62%
Vantage Holding Company LLC PA$14.5M · 0.52%
Esmark, Inc. PA$9.4M · 0.25%
Huntingdon Valley Bank PA$6.6M · 0.39%
Jpn Management, Inc. PA$3.5M · 1.01%

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Source: U.S. Department of Labor, Form 5500 series, EIN 201336328 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.