Plan Ledger DOL Form 5500 · updated monthly

Dermatology Medical Partners LLC401(k)

DERMATOLOGY MEDICAL PARTNERS LLC 401(K) PROFIT SHARING PLAN & TRUST · TAMPA, FL · plan year 2024

Reported admin expense ratio · 2024
1.53%

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

Dermatology Medical Partners LLC reported $77,589 in plan administrative expenses for 2024: 1.53% of average plan assets, higher than ~90% of peers. Employer contributions averaged $769 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 0.60% to 1.53%. 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 Florida (2,381st of 3,644), and 7,573rd of 11,911 in health care & social assistance. In 2024, employees put in $4.31 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$5,619,395
Participants with balances146
Active participants262
Employer contributions$201,555
Employee contributions$868,599
Employer contribution per active participant$769
Average account balance$38,489
Benefits paid to participants$596,069
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$5.6M · 146 accts · $202K emplr
2023$4.5M · 142 accts · $237K emplr
2022$3.4M · 112 accts · $119K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$52,218
Investment management$25,371
Total administrative$77,589
The Dermatology Medical Partners LLC 401(k) match · 2024
Employer contribution per active participant$769
Median for plans this size$1,313
2024$769 per active participant
2023$913 per active participant
2022$489 per active participant

Dermatology Medical Partners LLC's 2024 employer contribution ran below the $1,313 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 · 20244
UBS FINANCIAL SERVICES INC · Investment advisory (plan)$25,371
RETIREMENT SOLUTIONS SPECIALISTS · Contract administrator$7,311
EMPOWER ADVISORY GROUP, LLC · Investment management$639

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$77,589 · 1.53%
2023$39,423 · 0.99%
2022$22,082 · 0.60%
Same employer
Similar plansHealth Care & Social Assistance · Florida

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Source: U.S. Department of Labor, Form 5500 series, EIN 473635290 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.