Plan Snapshot
- Plan Sponsor: Adare Pharmaceuticals, INC.
- Sponsor EIN: 310988732
- Sponsor Address: 1200 LENOX DR., LAWRENCEVILLE, NJ, 08648
- Plan Type: 401(k)
- Total Participants: 491
- Total Assets: $69.1M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 491 | $69.1M | $2.0M | $4.3M |
| 2023 | 440 | $57.8M | $1.9M | $4.0M |
| 2022 | 231 | $33.2M | $1.4M | $2.2M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| KATZ, SAPPER & MILLER, LLP | Auditor | $7,500 | — | $7,500 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- KATZ, SAPPER & MILLER, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $7,500
- Estimated Expense Ratio: 0.011% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $111,868 | $50,000 | $300 | $7,500 | — |
| 2023 | $107,326 | $37,500 | — | $29,333 | — |
| 2022 | $29,492 | — | — | — | — |