Plan Ledger DOL Form 5500 · updated monthly

Dermatology, Inc.401(k)

DERMATOLOGY, INC. CASH OR DEFERRED PROFIT SHARING PLAN · GREENWOOD, IN · plan year 2024

Reported admin expense ratio · 2024
0.04%

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

Dermatology, Inc. reported $7,056 in plan administrative expenses for 2024: 0.04% of average plan assets, lower than ~75% of peers. Employer contributions averaged $6,454 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 0.14% to 0.04%. 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 553rd-largest of 1,562 plans among Indiana employers on file, and the 3,592nd of 11,911 in health care & social assistance. In 2024, the employer put in $1.26 for every $1.00 employees contributed themselves; active participation has grown from 77 to 85 since 2022.

Plan summary
Net assets, end of year$20,735,401
Participants with balances123
Active participants85
Employer contributions$548,560
Employee contributions$437,071
Employer contribution per active participant$6,454
Average account balance$168,580
Benefits paid to participants$160,916
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$20.7M · 123 accts · $549K emplr
2023$17.1M · 109 accts · $479K emplr
2022$14.6M · 107 accts · $441K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$6,943
Investment management$113
Total administrative$7,056
The Dermatology, Inc. 401(k) match · 2024
Employer contribution per active participant$6,454
Median for plans this size$2,416
2024$6,454 per active participant
2023$5,639 per active participant
2022$5,721 per active participant

Dermatology, Inc.'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 · 20241
THE VANGUARD GROUP, INC. · Recordkeeping$6,943

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

Recordkeeper by year2
2024Vanguard
2023Vanguard

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$7,056 · 0.04%
2023$8,970 · 0.06%
2022$22,787 · 0.14%
Same employer
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Providence Medical Group IN$22.9M · 0.57%
P1 Dental Mso LLC IN$20.9M · 0.49%
Rehab Industries, Inc. IN$20.1M · 0.69%
Grossnickle Eye Center IN$19.2M · 0.37%
Lac Acquisition, LLC IN$18.2M · 0.55%

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Source: U.S. Department of Labor, Form 5500 series, EIN 351271342 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.