# Panacea Products Corporation 401(k) Plan
Source: https://planprovider.pro/companies/panacea-products-corporation-401k-plan

> Panacea Products Corporation's 401(k) plan: 156 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|

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