Plan Ledger DOL Form 5500 · updated monthly

Institutional Pharmacy Solutions, LLC401(k)

INSTITUTIONAL PHARMACY SOLUTIONS, LLC 401(K) PLAN · MONTGOMERY, AL · plan year 2022

Reported admin expense ratio · 2022
1.51%

Institutional Pharmacy Solutions, LLC reported $26,206 in plan administrative expenses for 2022: 1.51% of average plan assets, higher than ~90% of peers. 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.

The plan sits in the $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other retail trade employers. By assets it is among the smaller plans on file in Alabama (830th of 902), and 4,824th of 5,215 in retail trade.

Plan summary
Net assets, end of year$1,457,031
Participants with balances53
Active participants84
Employer contributions—
Employee contributions$199,848
Employer contribution per active participant—
Average account balance$27,491
Benefits paid to participants$319,968
Plan auditUnmodified (clean) audit opinion
AuditorTHE HIGHLANDS ACCOUNTING GROUP
Administrative expenses, itemized · 2022
Investment management$26,206
Total administrative$26,206
What these fees cost you

Annual cost at the plan's reported 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history1
2022$26,206 · 1.51%
Similar plansRetail Trade · Alabama
Ragland Bros. Retail Cos., Inc. AL$2.2M · 1.15%
Champion Chevrolet, Inc. AL$1.9M · 0.80%
Bruce Management, Inc. AL$1.7M · 1.74%
Dothan Chrysler-Dodge, Inc. AL$1.6M · 0.92%
10 Below, LLC AL$1.4M · 1.75%
Serra Chevrolet, Inc. AL$1.4M · 0.44%
Renfroe, Inc. AL$1.3M · 1.00%
Edgar's Old Style Bakery, Inc. AL$889K · 1.35%

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Fee benchmarks by plan size

Source: U.S. Department of Labor, Form 5500 series, EIN 841626831 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.