Retirement plan

PHARMACEUTICS INTERNATIONAL, INC. 401(K) PLAN

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

PHARMACEUTICS INTERNATIONAL, INC.EIN 52-1901342Plan #001PY 2024

10819 GILROY RD - HUNT VALLEY, MD 210318213410-584-0001

Prospect flagsLow returns

How to read this page

Total assets (EOY)

$21.1M

+13.3% from 2023

Total participants

466

+1.3% from 2023

Average account balance

$46,884

+9.3% from 2023

Annual return

9.97%

-4.44 pp from 2023

Benchmarks

See 1,160 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort1,160 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$21.14M

Not enough data

1 years with asset history on file

Average account balance

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

$47K

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.

451

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.

95.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.03M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+9.97%

Not enough data

1 years with return on file

Admin fee / account holder

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

$171

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

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

Service providers

Top 2 by compensation

Provider	Service type	Compensation
PRINCIPAL LIFE INSURANCE COMPANY5 years Service code 13 · EIN 42-0127290	Contract Administrator	$45,454
MERRILL LYNCH PIERCE FENNER & SMITH4 years Service code 17 · EIN 13-5674085	Pension Consulting	$31,448

Plan features & details

Pension benefit codes2E2F2G2J2S2T3D

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).
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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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.

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

$77K

$258 / participant

Investment mgmt$12K15.3%
Contract admin$45K59.1%
Other / not subdivided$20K25.6%

% of EOY assets

0.364%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Qualified opinion

Opinion is qualified - a specific issue limited the scope or accuracy of the audit.

Auditor firm: ELLIN AND TUCKER
Auditor EIN: 500959934
Audit fees: (not subdivided)
Opinion code: Qualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$46,884

$92,076-49.1%

$105,607-55.6%

$77,736-39.7%

Participation rate

95.0%

81.0%+13.9pp

75.3%+19.7pp

70.6%+24.4pp

Annual return

9.97%

17.84%-7.9pp

116.11%-106.1pp

31.26%-21.3pp

Employer contribution / active EE

$3,421

$3,370+1.5%

$3,167+8.0%

$2,728+25.4%

Participant deferral / active EE

$6,760

$5,390+25.4%

$5,011+34.9%

$4,651+45.4%

Admin fee / account holder

$171

$219-22.1%

$10,958-98.4%

$433-60.6%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY5 years

Service code 13 · EIN 42-0127290

Contract Administrator

$45,454

MERRILL LYNCH PIERCE FENNER & SMITH4 years

Service code 17 · EIN 13-5674085

Pension Consulting

$31,448

PHARMACEUTICS INTERNATIONAL, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PHARMACEUTICS INTERNATIONAL, INC. 401(K) PLAN

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