Plan Snapshot
- Plan Sponsor: Alabama Pharmacy Association
- Sponsor EIN: 467360323
- Sponsor Address: 1211 CARMICHAEL WAY, MONTGOMERY, AL, 36106
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 804
- Total Assets: $2.7M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 804 | $2.7M | $9.2M | $0 |
| 2023 | 892 | $1.5M | $9.9M | $0 |
| 2022 | 913 | $2.4M | $9.4M | $0 |
| 2020 | 1,066 | $1.8M | $7.7M | $0 |
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 |
|---|---|---|---|---|
| APA SERVICE CORP. | Recordkeeper | $153,411 | — | $153,411 |
| BOBBY GILES | Other Service Provider | $36,190 | — | $36,190 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $189,601
- Estimated Expense Ratio: 7.002% 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 | $301,218 | — | $153,411 | $2,000 | — |
| 2023 | $878,664 | — | $680,128 | $18,000 | — |
| 2022 | $859,455 | — | — | — | $19,000 |
| 2020 | $673,445 | — | — | $17,000 | — |