Plan Snapshot
- Plan Sponsor: Target Pharmasolutions, INC
- Sponsor EIN: 473326478
- Sponsor Address: 6409 FAYETTEVILLE RD STE 120, DURHAM, NC, 27713
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 64
- Total Assets: $4,959
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 64 | $4,959 | $569,367 | $325,597 |
| 2023 | 81 | $71,321 | $243,913 | $8,186 |
| 2022 | 78 | $10,019 | $641,877 | $335,752 |
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 |
|---|---|---|---|---|
| BLUE CROSS BLUE SHIELD OF NC | Other Service Provider | $40,282 | — | $40,282 |
| ONEDIGITAL (PHILADELPHIA) | Investment Advisor | $30,784 | — | $30,784 |
| THE BENECON GROUP | Investment Advisor | $14,603 | — | $14,603 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $85,669
- Estimated Expense Ratio: 1727.546% 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 | $1,044,521 | — | — | — | — |
| 2023 | $171,607 | — | — | — | — |
| 2022 | $1,071,019 | — | — | — | — |