Correct Rx Pharmacy 401(K) Plan 002 — Form 5500 plan (Correct Rx Pharmacy Services, Inc.)
Plain-English plan summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, Correct Rx Pharmacy 401(K) Plan 002 is a benefit plan reported by Correct Rx Pharmacy Services, Inc. under EIN 75-3111495 and plan number 002. The latest loaded filing year is 2023. The filing reports 191 participants and $6,978,805 in end-of-year plan assets, where available in the loaded dataset.
Form 5500 plan profile · 2023
Key reported metrics
Net assets (EOY)$7MPlan net assets, end of year$6,978,805
Participants191Covered participants reported
Assets / participant$36.5KComputed: assets ÷ participants$36,538 (computed)
Provider compensation$15K2 Schedule C provider row(s)$14,956
- Plan sponsor
- Correct Rx Pharmacy Services, Inc.
- EIN
- 75-3111495
- Plan number
- 002
- Plan type
- 2
- Location
- Hanover, MD
- Latest filing year
- 2023
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 191 | H, C | 20241105144236NAL0017266050001 |
Schedule H · 2023
Reported financial statement
Reported figures as filed, in whole dollars. Only fields the filing reports are shown; others are marked not reported.
Reported balance (end of year)$7M total assets
Net assets$7MLiabilities$0
Full reported line items
Net assets
- Total assets (EOY)
- $6,978,805
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $6,978,805
- Net assets (BOY)
- $5,730,373
Income & contributions
- Employer contributions
- $439,013
- Participant contributions
- $657,500
- Total contributions
- $1,100,750
- Total income / additions
- $2,111,656
Expenses & distributions
- Benefits paid
- $822,849
- Administrative expenses
- $40,375
- Total expenses
- $863,224
- Net increase / (decrease)
- $1,248,432
Computed from reported fields
Reported ratios
Derived only from this plan's own reported figures — comparisons within the filing, not benchmarks, estimates, or national averages.
40%60%
Employer 40%Participant 60%
Total expenses ÷ net assets12%Computed ratio
Benefits paid ÷ total income39%Computed ratio
Provider comp. ÷ net assets0%Computed ratio
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Columbia Benefits Consultants, Inc | THIRD PARTY ADMIN | $10,712 | not reported in the loaded dataset | 2023 |
| Lpl Financial | ADVISOR | $4,244 | not reported in the loaded dataset | 2023 |