Propharma Group 401(k) Plan: Login, Facts & Contact Information

Propharma Group 401(k) Plan Facts

Plan name
PROPHARMA GROUP 401(K) PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
PROPHARMA GROUP
Participants
3,471 (1,732 active employees)
Former employees with a balance
1,026
Plan assets
$104,693,592 at Dec 31, 2024
Average account balance
$47,138 across 2,221 accounts
Employer contributions
$4,169,718 in plan year 2024 (22% of all contributions)
Recordkeeper
Newport Group, Inc.
Plan year
Jan 1, 2024 – Dec 31, 2024
Plan established
Jan 1, 2006
✓ Employer contributions— Automatic enrollment✓ Default investment for undecided participants✓ Participants choose their own investments— Self-directed brokerage window✓ Profit sharing— Company stock (ESOP)

Source: Form 5500 for plan year 2024 (Jan 1, 2024 – Dec 31, 2024), filed Oct 15, 2025. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2024

  • $18.9 million went into the plan in contributions, $4.17 million of it from the employer (22%).
  • $11.9 million was paid out to participants.
  • Investment and other income added $11.6 million.
  • Administrative expenses were $497,744, about $224 per account.

How the Propharma Group 401(k) changed, 2019–2024

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2019430$20.2 million$823,949$2.41 million
2020426$34.3 million$2.22 million$3.60 million
2021493$41.7 million$1.80 million$3.97 million
20221,161$43.2 million$3.39 million$2.76 million
20231,999$89.2 million$8.36 million$8.66 million
20243,471$104.7 million$4.17 million$11.9 million

Propharma Group 401(k) Contact Information

Phone
888-242-0559
Mailing address
107 HARGETT ST. 5TH FLOOR, RALEIGH NC 27601
Plan sponsor
PROPHARMA GROUP
Employer identification number (EIN)
46-4258733
Plan number
001

Questions about the Propharma Group 401(k)

Does Propharma Group contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2024 the employer contributed $4.17 million, 22% of all contributions.

Does the Propharma Group 401(k) have automatic enrollment?

No. The plan does not report automatic enrollment; employees enroll themselves.

How many people are in the Propharma Group 401(k) plan?

3,471 participants at the start of plan year 2024, 1,732 of them active employees, and 1,026 former employees who still had money in the plan.

What is the average 401(k) balance at Propharma Group?

About $47,138 per account: $104.7 million in plan assets across 2,221 accounts with a balance at the end of plan year 2024.

Who manages the Propharma Group 401(k) accounts?

Newport (an Ascensus company) (listed on the filing as NEWPORT GROUP, INC.) is the plan's recordkeeper, which is where participants log in to see their balance.

I no longer work at Propharma Group. How do I access my 401(k)?

Your account stays with Newport (an Ascensus company) after you leave, so you can log in with the same credentials. If your balance was small, the plan may have rolled it into an IRA in your name. If you can't find it, Beagle can locate it for you.

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