Plan Snapshot
- Plan Sponsor: Drugscan, INC.
- Sponsor EIN: 800270103
- Sponsor Address: 200 PRECISION ROAD - SUITE 200, HORSHAM, PA, 19044
- Plan Type: 401(k)
- Total Participants: 175
- Total Assets: $9.7M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- 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 | 175 | $9.7M | $247,025 | $560,636 |
| 2023 | 190 | $8.3M | $239,624 | $611,423 |
| 2022 | 191 | $7.4M | $202,915 | $583,492 |
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 |
|---|---|---|---|---|
| FREED MAXICK P.C. | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $49,153 | — | — | — | — |
| 2023 | $39,747 | — | — | — | — |
| 2022 | $44,634 | — | $41,884 | — | $2,750 |