Retirement plan

INDEPENDENT APOTHECARY, INC. 401(K) PROFIT SHARING PLAN

Name: INDEPENDENT APOTHECARY, INC. - INDEPENDENT APOTHECARY, INC. 401(K) PROFIT SHARING PLAN (2024) Form 5500
Creator: INDEPENDENT APOTHECARY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, INDEPENDENT APOTHECARY, INC. 401(K) PROFIT SHARING PLAN, INDEPENDENT APOTHECARY, INC.

INDEPENDENT APOTHECARY, INC.EIN 26-2431245Plan #001PY 2024

2923 E. THOMPSON STREET - PHILADELPHIA, PA 19134215-739-0548

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$287K

+32.3% from 2023

Total participants

-9.1% from 2023

Average account balance

$47,869

+10.2% from 2023

Annual return

10.68%

+1.34 pp from 2023

Benchmarks

See 22,321 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants<25

Cohort22,321 peers

Snapshot2024

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$287K

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$48K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

75.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$47K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+10.68%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

0 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2F2J2T3D3H

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

1 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$47,869

$111,785-57.2%

$93,669-48.9%

$145,877-67.2%

Participation rate

50.0%

74.2%-24.2pp

68.7%-18.7pp

80.3%-30.3pp

Annual return

10.68%

203.79%-193.1pp

133.59%-122.9pp

551.28%-540.6pp

Employer contribution / active EE

$2,619

$3,096-15.4%

$2,424+8.1%

$4,663-43.8%

Participant deferral / active EE

$3,236

$4,919-34.2%

$4,416-26.7%

$6,691-51.6%

Admin fee / account holder

$10,256-100.0%

$8,291-100.0%

$13,402-100.0%

INDEPENDENT APOTHECARY, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

INDEPENDENT APOTHECARY, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion