Retirement plan

NUTRAMAX LABORATORIES, INC. 401(K) PROFIT SHARING PLAN

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

NUTRAMAX LABORATORIES, INC.EIN 52-1590810Plan #001PY 2024

946 QUALITY DRIVE - LANCASTER, SC 29720803-289-6000nutramaxlabs.comLinkedIn501-1000 employeesconsumer goods

Prospect flagsLow returns

Top hat statement on fileNQDC

Filed April 2, 2004

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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Total assets (EOY)

$74.2M

+18.9% from 2023

Total participants

996

+3.9% from 2023

Average account balance

$77,665

+9.3% from 2023

Annual return

13.35%

-0.01 pp from 2023

Benchmarks

See 3,315 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants250-999

Cohort3,315 peers

Snapshot2024

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Analytics

Total assets (EOY)

Plan-year ending balance

$74.17M

Not enough data

1 years with asset history on file

Average account balance

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

$78K

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.

955

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.

95.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$9.96M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$12K

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

+13.35%

Not enough data

1 years with return on file

Admin fee / account holder

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

$134

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

1 years with F_SCH_H allocation on file

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Service providers

Top 4 by compensation

Provider	Service type	Compensation
ALERUS FINANCIAL, N.A.10+ years Filed as: ALERUS FINANCIAL Service code 15 · EIN 45-6062081	Recordkeeping	$111,393
RAYMOND JAMES FINANCIAL SERVICES4 years Filed as: RAYMOND JAMES & ASSOCIATES, INC. Service code 63	12b-1 Fees	$69,195
COASTAL PENSION SERVICES5 years Filed as: COASTAL PENSION SERVICES, INC. Service code 13 7230 LEE DEFOREST DRIVE · COLUMBIA, MD 21046	Contract Administrator	$20,890
ELLIOTT DAVIS, LLC1 year Filed as: ELLIOTT DAVIS Service code 10 · EIN 57-0381582	Accounting	$19,500

Plan features & details

Pension benefit codes2A2E2F2G2J2K2T3D3H

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
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 returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$128K

$154 / participant

Recordkeeping$60K46.6%
Investment mgmt$28K21.8%
Contract admin$21K16.3%
Other / not subdivided$20K15.2%

% of EOY assets

0.172%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: ELLIOTT DAVIS
Auditor EIN: 570381582
Audit fees: $19,500
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$77,665

$106,028-26.7%

$146,958-47.2%

$77,6430%

Participation rate

95.1%

78.4%+16.7pp

82.2%+12.9pp

70.6%+24.5pp

Annual return

13.35%

56.73%-43.4pp

418.34%-405.0pp

31.24%-17.9pp

Employer contribution / active EE

$7,742

$4,063+90.5%

$4,933+56.9%

$2,726+184.0%

Participant deferral / active EE

$4,262

$7,990-46.7%

$8,070-47.2%

$4,647-8.3%

Admin fee / account holder

$134

$337-60.3%

$12,998-99.0%

$430-68.9%

Provider

Service type

Compensation

ALERUS FINANCIAL, N.A.10+ years

Filed as: ALERUS FINANCIAL

Service code 15 · EIN 45-6062081

Recordkeeping

$111,393

RAYMOND JAMES FINANCIAL SERVICES4 years

Filed as: RAYMOND JAMES & ASSOCIATES, INC.

Service code 63

12b-1 Fees

$69,195

COASTAL PENSION SERVICES5 years

Filed as: COASTAL PENSION SERVICES, INC.

Service code 13

7230 LEE DEFOREST DRIVE · COLUMBIA, MD 21046

Contract Administrator

$20,890

ELLIOTT DAVIS, LLC1 year

Filed as: ELLIOTT DAVIS

Service code 10 · EIN 57-0381582

Accounting

$19,500

NUTRAMAX LABORATORIES, INC. 401(K) PROFIT SHARING PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NUTRAMAX LABORATORIES, INC. 401(K) PROFIT SHARING PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion