Plan Ledger DOL Form 5500 · updated monthly

Pharmalink, Inc.401(k)

PHARMALINK, INC. 401(K) PLAN · LARGO, FL · plan year 2024

Reported admin expense ratio · 2024
1.21%

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

Pharmalink, Inc. reported $34,527 in plan administrative expenses for 2024: 1.21% of average plan assets, higher than ~90% of peers. Employer contributions averaged $299 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 3 years on file its reported administrative ratio has held roughly steady near 1.209%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other transportation & warehousing employers. By assets it is among the smaller plans on file in Florida (2,848th of 3,644), and 1,905th of 2,677 in transportation & warehousing. In 2024, employees put in $7.76 for every $1.00 the employer contributed; active participation has grown from 126 to 210 since 2022.

Plan summary
Net assets, end of year$3,210,404
Participants with balances201
Active participants210
Employer contributions$62,705
Employee contributions$486,660
Employer contribution per active participant$299
Average account balance$15,972
Benefits paid to participants$362,294
Plan auditQualified audit opinion
AuditorCARR, RIGGS & INGRAM
Plan history3
Yearassets · accounts · employer contribution
2024$3.2M · 201 accts · $63K emplr
2023$2.5M · 191 accts · $59K emplr
2022$2.0M · 140 accts · $71K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$34,527
Total administrative$34,527
The Pharmalink, Inc. 401(k) match · 2024
Employer contribution per active participant$299
Median for plans this size$1,313
2024$299 per active participant
2023$314 per active participant
2022$567 per active participant

Pharmalink, Inc.'s 2024 employer contribution ran below the $1,313 median for plans its size, in the bottom 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
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$34,527
RAYMOND JAMES FINANCIAL SERVICES · Investment advisory (plan)indirect comp

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$34,527 · 1.21%
2023$29,156 · 1.30%
2022$27,158 · 1.21%
Same employer
Similar plansTransportation & Warehousing · Florida
Trans-Phos, Inc. FL$3.3M · 0.04%
B&L Service, Inc. FL$3.2M · 0.04%
Magaya Corporation FL$3.2M · 0.70%
Laparkan Trading, LTD FL$2.8M · 0.70%

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Source: U.S. Department of Labor, Form 5500 series, EIN 522210987 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.