Plan Snapshot
- Plan Sponsor: Pharpoint Research, INC.
- Sponsor EIN: 204082716
- Sponsor Address: 5003 SOUTH MIAMI BLVD SUITE 100, DURHAM, NC, 27703
- Plan Type: 401(k)
- Total Participants: 148
- Total Assets: $10.1M
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 | 148 | $10.1M | $299,756 | $1.2M |
| 2023 | 148 | $7.6M | $265,493 | $1.0M |
| 2022 | 145 | $5.5M | $233,603 | $849,375 |
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 |
|---|---|---|---|---|
| GALLAGHER BENEFIT SERVICES INC | Investment Advisor | $20,346 | — | $20,346 |
| EMPOWER ANNUITY INS CO AMERICA | Recordkeeper | $19,472 | — | $19,472 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $39,818
- Estimated Expense Ratio: 0.396% 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 | $56,759 | $24,308 | — | — | — |
| 2023 | $37,076 | $24,069 | — | — | — |
| 2022 | $52,205 | $18,974 | $15,578 | — | — |