Plan Ledger DOL Form 5500 · updated monthly

Value Drug, LTD. dba Pharmacare401(k)

VALUE DRUG, LTD. DBA PHARMACARE 401(K) PROFIT SHARING PLAN · HONOLULU, HI · plan year 2024

Reported admin expense ratio · 2024
0.36%

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

Value Drug, LTD. dba Pharmacare reported $64,613 in plan administrative expenses for 2024: 0.36% of average plan assets, above the peer median. Employer contributions averaged $2,303 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 0.36%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 112th-largest of 269 plans among Hawaii employers on file, and the 3,898th of 11,911 in health care & social assistance. In 2024, employees put in $2.63 for every $1.00 the employer contributed; active participation has shrunk from 126 to 105 since 2022.

Plan summary
Net assets, end of year$18,458,374
Participants with balances152
Active participants105
Employer contributions$241,826
Employee contributions$636,656
Employer contribution per active participant$2,303
Average account balance$121,437
Benefits paid to participants$2,388,737
Plan auditUnmodified (clean) audit opinion
AuditorCW ASSOCIATES CPAS
Plan history3
Yearassets · accounts · employer contribution
2024$18.5M · 152 accts · $242K emplr
2023$17.7M · 118 accts · $220K emplr
2022$15.8M · 171 accts · $239K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$28,730
Investment management$35,883
Total administrative$64,613
The Value Drug, LTD. dba Pharmacare 401(k) match · 2024
Employer contribution per active participant$2,303
Median for plans this size$2,416
2024$2,303 per active participant
2023$1,865 per active participant
2022$1,900 per active participant

Value Drug, LTD. dba Pharmacare's 2024 employer contribution ran below the $2,416 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
JOHN HANCOCK RETIREMENT PLAN SERVIC · Recordkeeping · Loan processing$2,950
LPL FINANCIAL · Investment advisory (plan)$35,884

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$64,613 · 0.36%
2023$57,106 · 0.34%
2022$58,459 · 0.34%
Similar plansHealth Care & Social Assistance · Hawaii
Catholic Charities Hawai'i HI$21.3M · 0.00%
Lili'Uokalani Trust HI$21.1M · 0.06%
Hale Makua Health Services HI$16.9M · 0.71%
Hawaii Dental Group, Inc. HI$15.6M · 0.04%

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Source: U.S. Department of Labor, Form 5500 series, EIN 990092861 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.