Plan Snapshot
- Plan Sponsor: Nutramax Laboratories, INC.
- Sponsor EIN: 521590810
- Sponsor Address: 946 QUALITY DRIVE, LANCASTER, SC, 29720
- Plan Type: 401(k)
- Total Participants: 830
- Total Assets: $74.2M
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 | 830 | $74.2M | $6.4M | $3.5M |
| 2023 | 773 | $62.4M | $5.5M | $2.9M |
| 2022 | 713 | $53.5M | $4.8M | $2.8M |
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 |
|---|---|---|---|---|
| ALERUS FINANCIAL | RECORDKEEPER | $87,538 | $23,855 | $111,393 |
| COASTAL PENSION SERVICES, INC. | CONTRACT ADMINISTRATOR | $20,890 | — | $20,890 |
| ELLIOTT DAVIS | AUDITOR | $19,500 | — | $19,500 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ALERUS FINANCIAL — RECORDKEEPER
- ELLIOTT DAVIS — AUDITOR
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $151,783
- Estimated Expense Ratio: 0.205% 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 | $127,928 | $27,941 | $20,890 | $19,500 | — |
| 2023 | $89,783 | $10,700 | — | — | — |
| 2022 | $67,986 | — | $59,267 | — | — |