Plan Ledger DOL Form 5500 · updated monthly

Independent Pharmacy Cooperative401(k)

INDEPENDENT PHARMACY COOPERATIVE RETIREMENT SAVINGS PLAN · SUN PRAIRIE, WI · plan year 2024

Reported admin expense ratio · 2024
0.39%

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

Independent Pharmacy Cooperative reported $74,725 in plan administrative expenses for 2024: 0.39% of average plan assets, above the peer median. Employer contributions averaged $5,356 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 2 years on file its reported administrative ratio fell from 0.52% to 0.39%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other wholesale trade employers. By assets it is the 862nd-largest of 1,936 plans among Wisconsin employers on file, and the 1,894th of 4,246 in wholesale trade. In 2024, employees put in $1.19 for every $1.00 the employer contributed; active participation has grown from 131 to 161 since 2022.

Plan summary
Net assets, end of year$19,901,459
Participants with balances196
Active participants161
Employer contributions$862,278
Employee contributions$1,028,949
Employer contribution per active participant$5,356
Average account balance$101,538
Benefits paid to participants$2,830,133
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$19.9M · 196 accts · $862K emplr
2023$18.5M · 182 accts · $656K emplr
2022$15.9M · 178 accts · $628K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$29,114
Investment management$45,611
Total administrative$74,725
The Independent Pharmacy Cooperative 401(k) match · 2024
Employer contribution per active participant$5,356
Median for plans this size$2,416
2024$5,356 per active participant
2023$4,377 per active participant
2022$4,793 per active participant

Independent Pharmacy Cooperative's 2024 employer contribution ran above the $2,416 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
SPECTRUM INVESTMENT ADVISORS INC · Investment advisory (plan)$70,332

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$74,725 · 0.39%
2023$91,328 · 0.53%
2022$94,084 · 0.52%
Similar plansWholesale Trade · Wisconsin
Naviant, LLC. WI$21.7M · 0.58%
The F. Dohmen Co. WI$21.3M · 0.01%
C.J.W., Inc. WI$20.3M
Eilliens Candies, Inc. WI$18.3M · 0.31%

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Source: U.S. Department of Labor, Form 5500 series, EIN 391500389 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.