Plan Ledger DOL Form 5500 · updated monthly

Dermatology Associates of Tallahassee, P.A.401(k)

DERMATOLOGY ASSOCIATES OF TALLAHASSEE, PA PROFIT SHARING 401(K) PLAN · TALLAHASSEE, FL · plan year 2024

Reported admin expense ratio · 2024
0.35%

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

Dermatology Associates of Tallahassee, P.A. reported $87,127 in plan administrative expenses for 2024: 0.35% of average plan assets, above the peer median. Employer contributions averaged $4,804 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 rose from 0.21% to 0.35%. 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 878th-largest of 3,644 plans among Florida employers on file, and the 2,937th of 11,911 in health care & social assistance. In 2024, the employer put in $1.49 for every $1.00 employees contributed themselves; active participation has grown from 226 to 295 since 2022.

Plan summary
Net assets, end of year$27,700,905
Participants with balances409
Active participants295
Employer contributions$1,417,264
Employee contributions$949,114
Employer contribution per active participant$4,804
Average account balance$67,728
Benefits paid to participants$1,222,420
Plan auditUnmodified (clean) audit opinion
AuditorTHOMAS HOWELL FERGUSON P.A.
Plan history3
Yearassets · accounts · employer contribution
2024$27.7M · 409 accts · $1.4M emplr
2023$22.5M · 400 accts · $1.3M emplr
2022$18.0M · 321 accts · $1.3M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$87,127
Total administrative$87,127
The Dermatology Associates of Tallahassee, P.A. 401(k) match · 2024
Employer contribution per active participant$4,804
Median for plans this size$2,416
2024$4,804 per active participant
2023$5,170 per active participant
2022$5,712 per active participant

Dermatology Associates of Tallahassee, P.A.'s 2024 employer contribution ran above the $2,416 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 · 20244
HANCOCK WHITNEY BANK · Investment advisory (plan)$51,906
EMPOWER ADVISORY GROUP, LLC · Investment management$4,724
NATIONAL PROFESSIONAL PLANNING GROU · Contract administrator$4,096

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$87,127 · 0.35%
2023$67,538 · 0.33%
2022$41,198 · 0.21%
Same employer
Similar plansHealth Care & Social Assistance · Florida
Pbd & P, Inc. FL$28.5M · 0.04%
Ocala Eye, P.A. FL$27.8M · 0.70%
Aspire Health Partners FL$27.0M · 0.30%
Food for the Poor, Inc. FL$26.1M · 0.19%
Morselife Inc. FL$25.9M · 0.63%

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Source: U.S. Department of Labor, Form 5500 series, EIN 592524839 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.