Plan Snapshot
- Plan Sponsor: Herb Pharm, LLC
- Sponsor EIN: 473470089
- Sponsor Address: 20260 WILLIAMS HWY, WILLIAMS, OR, 97544
- Plan Type: 401(k)
- Total Participants: 184
- Total Assets: $7.1M
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 | 184 | $7.1M | $495,021 | $567,019 |
| 2023 | 175 | $6.7M | $418,735 | $473,123 |
| 2022 | 158 | $6.5M | $374,766 | $402,668 |
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 |
|---|---|---|---|---|
| UNITED PLANNER'S FINANCIAL SERVICES | Investment Advisor | $23,666 | — | $23,666 |
| PROFESSIONAL BENEFIT SERVICES INC | Other Service Provider | $8,159 | — | $8,159 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $31,825
- Estimated Expense Ratio: 0.450% 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 | $28,119 | — | — | — | — |
| 2023 | $13,409 | — | $11,584 | — | — |
| 2022 | $17,894 | — | $17,894 | — | — |