Plan Ledger DOL Form 5500 · updated monthly

Naples Center for Dermatology and Cosmetic Surgery401(k)

AQUA DERMATOLOGY 401(K) PROFIT SHARING PLAN · FORT MYERS, FL · plan year 2024

Reported admin expense ratio · 2024
0.36%

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

Naples Center for Dermatology and Cosmetic Surgery reported $176,456 in plan administrative expenses for 2024: 0.36% of average plan assets, above the peer median. Employer contributions averaged $2,143 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 0.51% to 0.36%. 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 510th-largest of 3,644 plans among Florida employers on file, and the 1,726th of 11,911 in health care & social assistance. In 2024, employees put in $1.67 for every $1.00 the employer contributed; active participation has grown from 1,136 to 1,598 since 2022.

Plan summary
Net assets, end of year$55,220,430
Participants with balances881
Active participants1,598
Employer contributions$3,423,866
Employee contributions$5,713,034
Employer contribution per active participant$2,143
Average account balance$62,679
Benefits paid to participants$3,754,590
Plan auditUnmodified (clean) audit opinion
AuditorBERMAN HOPKINS WRIGHT & LAHAM, CPA
Plan history3
Yearassets · accounts · employer contribution
2024$55.2M · 881 accts · $3.4M emplr
2023$43.4M · 788 accts · $1.1M emplr
2022$28.9M · 727 accts · $441K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$176,456
Total administrative$176,456
The Naples Center for Dermatology and Cosmetic Surgery 401(k) match · 2024
Employer contribution per active participant$2,143
Median for plans this size$2,416
2024$2,143 per active participant
2023$726 per active participant
2022$388 per active participant

Naples Center for Dermatology and Cosmetic Surgery's 2024 employer contribution ran below the $2,416 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
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$77,336
PENTEGRA SERVICES INC · Contract administrator · Other services$26,061
PENTEGRA SERVICES INC. · Contract administrator$17,171
WILSHIRE ADVISORS LLC · Investment advisory (plan)indirect 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$176,456 · 0.36%
2023$107,667 · 0.30%
2022$115,160 · 0.51%
Similar plansHealth Care & Social Assistance · Florida
Mdvip, LLC FL$58.9M · 0.14%
Cancer Specialists, LLC FL$57.4M · 0.07%
Eugene Therapy, LLC FL$50.3M · 0.52%

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Source: U.S. Department of Labor, Form 5500 series, EIN 593651253 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.