Plan Ledger DOL Form 5500 · updated monthly

Optima Dermatology Partners, LLC401(k)

OPTIMA DERMATOLOGY PARTNERS RETIREMENT PLAN · PORTSMOUTH, NH · plan year 2024

Reported admin expense ratio · 2024
0.37%

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

Optima Dermatology Partners, LLC reported $53,004 in plan administrative expenses for 2024: 0.37% of average plan assets, above the peer median. Employer contributions averaged $1,727 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 0.24% to 0.37%. 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 203rd-largest of 411 plans among New Hampshire employers on file, and the 4,279th of 11,911 in health care & social assistance. In 2024, employees put in $2.15 for every $1.00 the employer contributed; active participation has grown from 306 to 446 since 2022.

Plan summary
Net assets, end of year$16,152,484
Participants with balances321
Active participants446
Employer contributions$770,255
Employee contributions$1,657,699
Employer contribution per active participant$1,727
Average account balance$50,319
Benefits paid to participants$644,973
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$16.2M · 321 accts · $770K emplr
2023$12.7M · 246 accts · $655K emplr
2022$10.0M · 222 accts · $393K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$24,764
Investment management$28,240
Total administrative$53,004
The Optima Dermatology Partners, LLC 401(k) match · 2024
Employer contribution per active participant$1,727
Median for plans this size$2,416
2024$1,727 per active participant
2023$1,676 per active participant
2022$1,285 per active participant

Optima Dermatology Partners, LLC'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 · 20242
ASCENSUS LLC · Recordkeeping$24,764
LPL FINANCIAL RPCP · Investment advisory (participants) · Investment advisory (plan)$28,240

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

Recordkeeper by year2
2024Ascensus
2023Ascensus

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Administrative cost history3
2024$53,004 · 0.37%
2023$54,591 · 0.48%
2022$25,871 · 0.24%
Same employer
Similar plansHealth Care & Social Assistance · New Hampshire
Lamprey Health Care, Inc NH$17.7M · 0.46%
Nashua Eye Associates, P.A. NH$15.2M · 0.14%
Home Health & Hospice Care NH$15.1M · 0.65%

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Source: U.S. Department of Labor, Form 5500 series, EIN 824641383 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.