# Kennebec Pharmacy & Home Care Health & Welfare Plan
Source: https://planprovider.pro/companies/kennebec-pharmacy-home-care-010501417-501

> Kennebec Pharmacy & Home Care's Health & Welfare plan: 75 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Kennebec Pharmacy & Home Care

- **Sponsor EIN:** 010501417

- **Sponsor Address:** 14 GABRIEL DR, AUGUSTA, ME, 04330

- **Plan Type:** Health & Welfare

- **Plan Number:** 501

- **Total Participants:** 75

- **Total Assets:** $272,018

## 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|75|$272,018|$979,184|$124,285|

| 2023|85|$142,372|$907,124|$100,039|

| 2022|81|$106,370|$743,652|$75,311|

## 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|

| HEALTH PLANS. INC|Other Service Provider|$55,370|—|$55,370|

| ACADIA BENEFITS, INC|Investment Advisor|$23,050|—|$23,050|

| THE BENECON GROUP|Investment Advisor|$18,326|—|$18,326|

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $96,746

- **Estimated Expense Ratio:** 35.566% 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|$1,021,769|—|—|—|—|

| 2023|$755,034|—|—|—|—|

| 2022|$1,000,891|—|—|—|—|

## Similar Plans

- [Bedard Pharmacy, INC.](https://planprovider.pro/companies/bedard-pharmacy-inc-401k-plan) — 124 participants

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