# Alabama Pharmacy Association Health & Welfare Plan
Source: https://planprovider.pro/companies/alabama-pharmacy-association-467360323-501

> Alabama Pharmacy Association's Health & Welfare plan: 804 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|—|

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