Plan Ledger DOL Form 5500 · updated monthly

Anne Arundel Dermatology, P.A.401(k)

ANNE ARUNDEL DERMATOLOGY, P.A., PROFIT SHARING PLAN · LINTHICUM, MD · plan year 2023

Reported admin expense ratio · 2023
0.37%

Peer grade: D · admin costs + employer contributions vs same-size plans · how grading works

Anne Arundel Dermatology, P.A. reported $206,342 in plan administrative expenses for 2023: 0.37% of average plan assets, higher than ~90% of peers. Employer contributions averaged $2 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 1 year on file its reported administrative ratio fell from 0.50% to 0.37%. The plan sits in the $50M–$250M size bracket, benchmarked here against 9,317 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 276th-largest of 1,671 plans among Maryland employers on file, and the 1,566th of 11,911 in health care & social assistance. In 2023, employees put in $2382.35 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$62,140,264
Participants with balances1,270
Active participants1,619
Employer contributions$2,456
Employee contributions$5,851,051
Employer contribution per active participant$2
Average account balance$48,929
Benefits paid to participants$3,733,483
Plan auditUnmodified (clean) audit opinion
AuditorHANDWERGER, CARDEGNA, FUNKHOUSER,
Plan history3
Yearassets · accounts · employer contribution
2024$0
2023$62.1M · 1,270 accts · $2K emplr
2022$49.5M · 1,113 accts · $2.6M emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$206,342
Total administrative$206,342
The Anne Arundel Dermatology, P.A. 401(k) match · 2023
Employer contribution per active participant$2
Median for plans this size$3,659
2023$2 per active participant
2022$1,636 per active participant

Anne Arundel Dermatology, P.A.'s 2023 employer contribution ran below the $3,659 median for plans its size, in the bottom 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.

What these fees cost you

Annual cost at the plan's reported 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20234
NEWPORT GROUP, INC. · Recordkeeping · Pension consulting$123,747
ADP, INC. · Loan processing · Recordkeeping$123,717
GREENSPRING ADVISORS, LLC · Recordkeeping · Trustee$39,015
HANDWERGER, CARDEGNA, FUNKHOUSER &L · Recordkeeping · Pension consulting$15,500

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024ADP, GREENSPRING ADVISORS, LLC, HANDWERGER, CARDEGNA, FUNKHOUSER &L, Newport (Ascensus)
2023ADP, GREENSPRING ADVISORS, LLC, HANDWERGER, CARDEGNA, FUNKHOUSER &L, Newport (Ascensus)

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Administrative cost history3
2024Not separately reported
2023$206,342 · 0.37%
2022$245,245 · 0.50%
Same employer
Similar plansHealth Care & Social Assistance · Maryland
Qlarant, Inc. MD$60.4M · 0.00%

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Source: U.S. Department of Labor, Form 5500 series, EIN 521415148 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.