Plan Snapshot
- Plan Sponsor: Korber Pharma, INC.
- Sponsor EIN: 541726108
- Sponsor Address: 969 34TH ST NORTH, FARGO, ND, 58102
- Plan Type: 401(k)
- Total Participants: 192
- Total Assets: $18.6M
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 | 192 | $18.6M | $545,089 | $1.4M |
| 2023 | 169 | $15.8M | $502,827 | $1.2M |
| 2022 | 174 | $14.4M | $501,794 | $1.3M |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INS CO OF AMERICA | Recordkeeper | $25,640 | — | $25,640 |
| PINNACLE WEALTH PLANNING SERVICES | Investment Advisor | $15,700 | — | $15,700 |
| EMPOWER ADVISORY GROUP | Investment Advisor | $7,817 | — | $7,817 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $49,157
- Estimated Expense Ratio: 0.265% 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 | $47,479 | — | $47,479 | — | — |
| 2023 | $39,128 | — | $39,128 | — | — |
| 2022 | $40,641 | — | — | — | — |