Department of Labor filing

ERIK'S BIKE SHOP, INC.

ERIK'S BIKE SHOP, INC. 401(K) RETIREMENT PLAN · For the plan year ended Dec 31, 2023

Public filing 2023 · received Oct 14, 2024Verified current terms Not available

Plan at a glance

How good does the filing look?

15filing comparison
out of 100

The filing trails many comparable plans on reported employer support and/or plan-paid administrative costs. This is a filing comparison, not a complete benefits score.

$Employer support

$283

Reported employer contributions per active participant.

Higher than about 11% of comparable plans

#People in the filing

178

Active participants reported for 2023.

The filing does not say how many employees are currently contributing.

¢Visible plan-paid fees

$179 / participant

Reported administrative expense—not every fee an employee may pay.

Lower cost than about 24% of comparable plans

↗Investment performance

Not available

Plan assets changed 21.7%, but that includes contributions, withdrawals, and market movement.

Asset change is not investment performance.

What we still need to judge the benefit

Current match formula, vesting, eligibility, investment choices, fund expense ratios, and employee-level fees.

See missing terms ↓

Filing comparison · 202315out of 100 among similar-size plans in the same industry when enough peers exist

How this filing compares

Reported employer contributions11th percentileTypical peer $1,146 · based on 37 comparable plans

Lower reported administrative expense24th percentileTypical peer $101 · based on 38 comparable plans

This comparison uses historical filing figures. It does not compare current match formulas, vesting, investments, or employee fees.

The short version

What the latest filing tells us

For the plan year ended Dec 31, 2023, ERIK'S BIKE SHOP, INC. reported $50,355 in employer contributions across the plan and 178 active participants. That works out to $283 per active participant. It is useful context, but it is not the current match formula and it does not show what any one employee received.

Participation proxy86%

Active participants divided by all end-of-year plan participants. This is not the company participation rate because the filing does not report every eligible employee.

Employer money trendUp 9.3%

Change in reported employer contribution per active participant across the filing history shown.

Expense trendUp 7.5%

Change in reported administrative expense per participant. Investment expenses may not be included.

Peer context15/100

A filing comparison among similar-size plans in the same industry when enough peers exist.

Where the public filing stops

Current match, vesting, eligibility, employee fees, and investment choices require a dated plan document. Until we have one, those details stay blank.

Latest financial record

Contributions, assets, and expenses

These figures are reported totals for the plan—not individual account balances or promises to any employee.

Employer contributions: $50,355
Participant contributions: $277,297
Other contributions: $1,579
Employer share of reported contributions: 15.4%
Beginning assets: $3,861,404
Ending assets: $4,698,716
Ending net assets: $4,698,716
Ending liabilities: $0
Total income: $932,751
Total expenses: $95,439
Administrative expenses: $39,397
Participant loans: Not reported

Three-year filing history

How the reported figures changed

Each chart uses its own scale and starts at zero. When the filing has no value, the chart says so rather than turning it into a zero.

Employer contributions reported per active participant

2022

$259

2023

$283

Plan-paid administrative expenses per participant

2022

$167

2023

$179

Active participants

2022

184

2023

178

Detailed filing history
Plan year	Per active participant	Active participants	Plan assets	Filing ID
2023	$283	178	4.7M	20241014130444NAL0014968083001
2022	$259	184	3.9M	20230927151744NAL0011276609001

Changes in plan assets are not the same as investment performance. Each row uses the selected public filing for that year.

Plan operations

Details worth knowing

Participant loans as a share of plan assets: Not stated in the filing
Independent accountant’s opinion: Unqualified opinion Code 1
Late participant contributions reported: Not stated in the filing
Public plan identifier: 411458699-001

Reported plan details

Identity and filing status

Plan type: Retirement plan
Employer arrangement: Single-employer plan
Plan effective date: Jan 1, 1998
Industry: Industry group 451
Amended filing: No
Final filing for this plan: No
Short plan year: No
401(k) feature reported: Yes
Show DOL characteristic codes
2E2F2G2J2K2T3B3D

Reported service providers

Organizations named in the latest filing

The public dataset does not always identify a provider’s exact role. Compensation stays blank when it was not separately reported.

Provider	Plan year	Direct compensation	Indirect compensation
AMERICAN CENTURY INVESTMENT MMGT	2023	Not reported	unknown
BLACKROCK ADVISORS, LLC	2023	Not reported	unknown
CAPITAL RESARCH & MGMT CO.	2023	Not reported	unknown
CHARLES SCHWAB INVESTMENT MGMT	2023	Not reported	unknown
COHEN & STEERS CAPITAL MMGT	2023	Not reported	unknown
FIDELITY MMGT & RESEARCH	2023	Not reported	unknown
GOLDMAN SACHS ASSET MMGT	2023	Not reported	unknown
INVESCO ADVISERS, INC.	2023	Not reported	unknown
JOHN HANCOCK INVESTMENT MGMT	2023	Not reported	unknown
JP MORGAN FUNDS SERVICES	2023	Not reported	unknown
JP MORGAN INVESTMENT MMGT	2023	Not reported	unknown
MASSACHUSETTS FINANCIAL SRV. CO.	2023	Not reported	unknown
PRINCIPAL MGMT CORP	2023	Not reported	unknown
THE VANGUARD GROUP, INC.	2023	Not reported	unknown
VICTORY CAPITAL MGMT INC.	2023	Not reported	unknown

Current plan terms

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Filing ACK_ID20241014130444NAL0014968083001

Data sourceDOL Form 5500 bulk data ↗

Filing searchEFAST2 ↗