Plan Ledger DOL Form 5500 · updated monthly

Bay Dermatology and Cosmetic Surgery, P.A.401(k)

BAY DERMATOLOGY AND COSMETIC SURGERY, P.A. EMPLOYEES SAVINGS PLAN · SPRING HILL, FL · plan year 2022

Reported admin expense ratio · 2022
0.39%

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

Bay Dermatology and Cosmetic Surgery, P.A. reported $43,797 in plan administrative expenses for 2022: 0.39% of average plan assets, above the peer median. Employer contributions averaged $2,090 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.

The plan sits in the $10M–$50M size bracket, benchmarked here against 26,806 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 1,749th-largest of 3,644 plans among Florida employers on file, and the 5,611th of 11,911 in health care & social assistance. In 2022, employees put in $2.20 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$10,331,126
Participants with balances71
Active participants93
Employer contributions$194,358
Employee contributions$427,142
Employer contribution per active participant$2,090
Average account balance$145,509
Benefits paid to participants$312,898
Plan auditUnmodified (clean) audit opinion
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$43,797
Total administrative$43,797
The Bay Dermatology and Cosmetic Surgery, P.A. 401(k) match · 2022
Employer contribution per active participant$2,090
Median for plans this size$2,266

Bay Dermatology and Cosmetic Surgery, P.A.'s 2022 employer contribution ran below the $2,266 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history1
2022$43,797 · 0.39%
Similar plansHealth Care & Social Assistance · Florida
Sunil Gupta, M.D., L.L.C. FL$10.7M · 0.33%
McR Health, Inc. FL$10.5M · 0.57%
Saluscare, Inc. FL$10.2M · 0.32%

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Source: U.S. Department of Labor, Form 5500 series, EIN 593282073 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.