Plan Ledger DOL Form 5500 · updated monthly

Apderm Management LLC401(k)

APDERM MANAGEMENT LLC 401(K) PROFIT SHARING PLAN · ACTON, MA · plan year 2024

Reported admin expense ratio · 2024
0.34%

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

Apderm Management LLC reported $117,685 in plan administrative expenses for 2024: 0.34% of average plan assets, above the peer median. Employer contributions averaged $1,930 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 2 years on file its reported administrative ratio fell from 0.35% to 0.34%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 833rd-largest of 2,726 plans among Massachusetts employers on file, and the 2,267th of 11,911 in health care & social assistance. In 2024, employees put in $2.40 for every $1.00 the employer contributed; active participation has grown from 621 to 763 since 2022.

Plan summary
Net assets, end of year$39,331,206
Participants with balances495
Active participants763
Employer contributions$1,472,595
Employee contributions$3,529,624
Employer contribution per active participant$1,930
Average account balance$79,457
Benefits paid to participants$1,400,692
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$39.3M · 495 accts · $1.5M emplr
2023$30.8M · 422 accts · $1.2M emplr
2022$24.5M · 414 accts · $1.0M emplr
The Apderm Management LLC 401(k) match · 2024
Employer contribution per active participant$1,930
Median for plans this size$2,416
2024$1,930 per active participant
2023$1,864 per active participant
2022$1,676 per active participant

Apderm Management LLC's 2024 employer contribution ran below the $2,416 median for plans its size. 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20246
TRANSAMERICA RETIREMENT SOLUTIONS, · Recordkeeping · Loan processing$63,216
COMPASS 360, LLC · Recordkeeping · Loan processing$5,112
THAYER PARTNERS LLC · Investment advisory (plan)$30,000
EDELSTEIN & COMPANY LLP · Accounting / audit$15,000
EAG NEW ENGLAND LLC · Accounting / audit$3,000
KAHN LITWIN RENZA & CO LTD · Accounting / audit$1,553

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

Recordkeeper by year2
2024COMPASS 360, LLC, Transamerica
2023COMPASS360 LLC, Transamerica

This plan has changed recordkeepers within these filings. If you left Apderm Management LLC before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$117,685 · 0.34%
2023$87,509 · 0.32%
2022$93,784 · 0.35%
Same employer
Similar plansHealth Care & Social Assistance · Massachusetts
Community Teamwork Inc. MA$37.2M · 0.10%

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Source: U.S. Department of Labor, Form 5500 series, EIN 822649012 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.