Plan Ledger DOL Form 5500 · updated monthly

Dermatologists of Southwest Ohio, LLC401(k)

DERMATOLOGISTS OF CENTRAL STATES RETIREMENT SAVINGS PLAN · KETTERING, OH · plan year 2024

Reported admin expense ratio · 2024
0.46%

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

Dermatologists of Southwest Ohio, LLC reported $394,983 in plan administrative expenses for 2024: 0.46% of average plan assets, higher than ~90% of peers. Employer contributions averaged $2,386 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 3 years on file its reported administrative ratio has held roughly steady near 0.46%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 393rd-largest of 3,295 plans among Ohio employers on file, and the 1,168th of 11,911 in health care & social assistance. In 2024, employees put in $1.83 for every $1.00 the employer contributed; active participation has grown from 1,191 to 1,486 since 2022.

Plan summary
Net assets, end of year$91,930,655
Participants with balances1,554
Active participants1,486
Employer contributions$3,545,886
Employee contributions$6,504,664
Employer contribution per active participant$2,386
Average account balance$59,157
Benefits paid to participants$8,930,477
Plan auditUnmodified (clean) audit opinion
AuditorFLAGEL, HUBER, FLAGEL & CO.
Plan history3
Yearassets · accounts · employer contribution
2024$91.9M · 1,554 accts · $3.5M emplr
2023$78.9M · 1,418 accts · $3.0M emplr
2022$61.1M · 1,333 accts · $2.8M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$267,095
Investment management$76,425
Total administrative$394,983
The Dermatologists of Southwest Ohio, LLC 401(k) match · 2024
Employer contribution per active participant$2,386
Median for plans this size$3,635
2024$2,386 per active participant
2023$2,286 per active participant
2022$2,339 per active participant

Dermatologists of Southwest Ohio, LLC's 2024 employer contribution ran below the $3,635 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 · 20243
GLOBAL RETIREMENT PARTNERS · Investment advisory (plan)$76,425
SCHNEIDER MALE & STRAKOWSKI CO EA · Contract administrator$25,000

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$394,983 · 0.46%
2023$315,229 · 0.45%
2022$285,917 · 0.45%
Similar plansHealth Care & Social Assistance · Ohio
Avita Health System OH$104.6M · 0.12%
Medcentral Health System OH$104.3M · 0.00%
Union Hospital Association OH$82.1M · 0.06%

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Source: U.S. Department of Labor, Form 5500 series, EIN 310964774 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.