Plan Ledger DOL Form 5500 · updated monthly

Panzer Dermatology Associates, P.A. D/B/A Premier Dermatol401(k)

PREMIER DERMATOLOGY & COSMETIC SURGERY 401(K) PLAN · NEWARK, DE · plan year 2024

Reported admin expense ratio · 2024
0.33%

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

Panzer Dermatology Associates, P.A. D/B/A Premier Dermatol reported $66,105 in plan administrative expenses for 2024: 0.33% of average plan assets, above the peer median. Employer contributions averaged $4,790 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 0.43% to 0.33%. 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 90th-largest of 242 plans among Delaware employers on file, and the 3,484th of 11,911 in health care & social assistance. In 2024, the employer put in $1.06 for every $1.00 employees contributed themselves; active participation has grown from 130 to 161 since 2022.

Plan summary
Net assets, end of year$21,601,390
Participants with balances188
Active participants161
Employer contributions$771,246
Employee contributions$724,332
Employer contribution per active participant$4,790
Average account balance$114,901
Benefits paid to participants$530,759
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$21.6M · 188 accts · $771K emplr
2023$18.2M · 177 accts · $737K emplr
2022$15.2M · 157 accts · $652K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$5,782
Investment management$52,285
Audit (IQPA)$7,360
Total administrative$66,105
The Panzer Dermatology Associates, P.A. D/B/A Premier Dermatol 401(k) match · 2024
Employer contribution per active participant$4,790
Median for plans this size$2,416
2024$4,790 per active participant
2023$4,879 per active participant
2022$5,013 per active participant

Panzer Dermatology Associates, P.A. D/B/A Premier Dermatol'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
ASSOCIATED BENEFIT PLANNERS, LTD. · Recordkeeping · Pension consultingindirect comp
IFPADVISORS LLC/SOMERVILLE INVESTME · Investment advisory (participants) · Securities brokerage$42,721
THE CONESTOGA GROUP, INC. · Investment advisory (participants) · Investment advisory (plan)$9,564
BELFINT LYONS SHUMAN · Accounting / audit$7,360

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

Recordkeeper by year2
2024ASSOCIATED BENEFIT PLANNERS, LTD.
2023ASSOCIATED BENEFIT PLANNERS, LTD.

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Administrative cost history3
2024$66,105 · 0.33%
2023$84,748 · 0.51%
2022$60,599 · 0.43%
Same employer
Similar plansHealth Care & Social Assistance · Delaware
The Kendal Corporation DE$73.4M · 0.34%
Nephrology Associates, P.A. DE$57.9M · 0.16%
Entad LLC DE$20.9M · 0.36%
Delaware Hospice, Inc. DE$14.0M · 0.55%

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Source: U.S. Department of Labor, Form 5500 series, EIN 510270514 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.