Plan Ledger DOL Form 5500 · updated monthly

Central Dermatology Center PA401(k)

CENTRAL DERMATOLOGY CENTER PA 401(K) PROFIT SHARING PLAN · CHAPEL HILL, NC · plan year 2024

Reported admin expense ratio · 2024
0.27%

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

Central Dermatology Center PA reported $24,974 in plan administrative expenses for 2024: 0.27% of average plan assets, below the peer median. Employer contributions averaged $4,057 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 0.32% to 0.27%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in North Carolina (1,105th of 2,005), and the 5,675th of 11,911 in health care & social assistance. In 2024, employees put in $1.52 for every $1.00 the employer contributed; active participation has grown from 56 to 64 since 2022.

Plan summary
Net assets, end of year$10,059,895
Participants with balances209
Active participants64
Employer contributions$259,633
Employee contributions$394,552
Employer contribution per active participant$4,057
Average account balance$48,133
Benefits paid to participants$225,282
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$10.1M · 209 accts · $260K emplr
2023$8.4M · 163 accts · $214K emplr
2022$7.0M · 141 accts · $178K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$24,974
Total administrative$24,974
The Central Dermatology Center PA 401(k) match · 2024
Employer contribution per active participant$4,057
Median for plans this size$1,313
2024$4,057 per active participant
2023$3,754 per active participant
2022$3,170 per active participant

Central Dermatology Center PA's 2024 employer contribution ran above the $1,313 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.

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 · 20241
GLOBAL RETIREMENT PARTNERS LLCindirect comp

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

Administrative cost history3
2024$24,974 · 0.27%
2023$27,671 · 0.36%
2022$28,892 · 0.32%
Same employer
Similar plansHealth Care & Social Assistance · North Carolina
Peak Resources, Inc. NC$11.0M · 0.14%
Hemosonics, LLC NC$10.0M · 0.39%
Prokidney, LLC NC$9.8M · 0.03%

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Source: U.S. Department of Labor, Form 5500 series, EIN 562096131 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.