Plan Ledger DOL Form 5500 · updated monthly

Ada West Dermatology, Inc.ESOP

ADA WEST DERMATOLOGY, INC. EMPLOYEE STOCK OWNERSHIP PLAN · MERIDIAN, ID · plan year 2024

Employer contribution per participant · 2024
$6,915

Ada West Dermatology, Inc.'s 2024 Form 5500 did not separately report plan administrative expenses, which is common where recordkeeping is paid through investment revenue-sharing or a master trust. The plan held -$9,117,149 across 148 participant accounts, with employer contributions averaging $6,915 per active participant. See methodology for what Form 5500 does and doesn't capture.

The plan sits in the under $1M size bracket, benchmarked here against 1,109 comparable plans and shown alongside other health care & social assistance employers. active participation has grown from 116 to 136 since 2022.

Plan summary
Net assets, end of year-$9,117,149
Participants with balances148
Active participants136
Employer contributions$940,433
Employee contributions—
Employer contribution per active participant$6,915
Average account balance-$61,602
Benefits paid to participants$25,433
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$-9.1M · 148 accts · $940K emplr
2023$-10.2M · 129 accts · $2.0M emplr
2022$-16.9M · 112 accts · $2.4M emplr
Employer contributions to the Ada West Dermatology, Inc. plan · 2024
Employer contribution per active participant$6,915
Median for plans this size$540
2024$6,915 per active participant
2023$16,642 per active participant
2022$20,870 per active participant

Ada West Dermatology, Inc.'s 2024 employer contribution ran above the $540 median for plans its size, placing it in the top quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

Administrative cost history3
2024Not separately reported
2023Not separately reported
2022Not separately reported
Same employer

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 203276415 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.