Plan Snapshot
- Plan Sponsor: Panacea Products Corporation
- Sponsor EIN: 310727069
- Sponsor Address: 2711 INTERNATIONAL STREET, COLUMBUS, OH, 43228
- Plan Type: 401(k)
- Total Participants: 156
- Total Assets: $7.0M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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 | 156 | $7.0M | $54,517 | $336,515 |
| 2023 | 170 | $6.6M | $62,492 | $373,596 |
| 2022 | 210 | $6.0M | $69,266 | $429,910 |
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 |
|---|---|---|---|---|
| NEWPORT GROUP, INC. | NONE | $27,207 | — | $27,207 |
| PNC INSTITUTIONAL ASSET MANAGEMENT | NONE | $12,629 | — | $12,629 |
| HIRTH NORRIS & GARRISON, LLP | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $39,836
- Estimated Expense Ratio: 0.567% 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 | $35,706 | $10,564 | $25,142 | — | — |
| 2023 | $34,673 | $9,694 | $24,979 | — | — |
| 2022 | $32,288 | $5,450 | $25,721 | — | $1,117 |