Plan Ledger DOL Form 5500 · updated monthly

McHugh Pharmacy Group Inc401(k)

MCHUGH PHARMACY GROUP, INC. 401(K) PROFIT SHARING PLAN · WEST COLUMBIA, SC · plan year 2024

Reported admin expense ratio · 2024
0.65%

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

McHugh Pharmacy Group Inc reported $53,994 in plan administrative expenses for 2024: 0.65% of average plan assets, above the peer median. Employer contributions averaged $1,735 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 has held roughly steady near 0.654%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other retail trade employers. By assets it is among the smaller plans on file in South Carolina (448th of 807), and 2,863rd of 5,215 in retail trade. In 2024, employees put in $2.61 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$8,871,288
Participants with balances143
Active participants92
Employer contributions$159,583
Employee contributions$415,753
Employer contribution per active participant$1,735
Average account balance$62,037
Benefits paid to participants$576,907
Plan auditUnmodified (clean) audit opinion
AuditorWEGNER CPAS LLP
Plan history2
Yearassets · accounts · employer contribution
2024$8.9M · 143 accts · $160K emplr
2023$7.6M · 125 accts · $144K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$53,994
Total administrative$53,994
The McHugh Pharmacy Group Inc 401(k) match · 2024
Employer contribution per active participant$1,735
Median for plans this size$1,313
2024$1,735 per active participant
2023$1,312 per active participant

McHugh Pharmacy Group Inc's 2024 employer contribution ran above the $1,313 median for plans its size. 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
DWC ERISA CONSULTANTS LLC · Recordkeeping$2,497
LINCOLN NATIONAL CORPORATION · Contract administrator$51,497

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024DWC ERISA CONSULTANTS LLC
2023EIP CORP.

This plan has changed recordkeepers within these filings. If you left McHugh Pharmacy Group Inc before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history2
2024$53,994 · 0.65%
2023$43,991 · 0.65%
Similar plansRetail Trade · South Carolina
Fairway Ford, Inc. SC$9.9M · 0.60%
Johnson Automotive SC$9.5M · 0.67%
Love Auto Group SC$8.8M · 0.94%
Soc LLC SC$8.5M · 0.77%
The Parrott Group, Inc. SC$8.1M · 0.72%

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Source: U.S. Department of Labor, Form 5500 series, EIN 922050718 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.