Plan Snapshot
- Plan Sponsor: Martella'S Pharmacies
- Sponsor EIN: 251624314
- Sponsor Address: 131 SCHOOLHOUSE ROAD, JENNERSTOWN, PA, 15547
- Plan Type: 401(k)
- Total Participants: 247
- Total Assets: $13.4M
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 | 247 | $13.4M | $213,697 | $499,493 |
| 2023 | 232 | $12.3M | $203,262 | $471,830 |
| 2022 | 232 | $10.6M | $189,448 | $442,122 |
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 |
|---|---|---|---|---|
| DB ROOT & COMPANY, LLC | Investment Advisor | $39,047 | — | $39,047 |
| EMPOWER ANNUITY INS. CO. OF AMERICA | Recordkeeper | $16,267 | — | $16,267 |
| EMPOWER ADVISORY GROUP LLC | Investment Advisor | $8,780 | — | $8,780 |
| METRO BENEFITS, INC. | Recordkeeper | $6,420 | — | $6,420 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $70,514
- Estimated Expense Ratio: 0.524% 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 | $67,462 | — | — | — | — |
| 2023 | $55,042 | — | — | — | — |
| 2022 | $66,246 | — | $66,246 | — | — |