Plan Ledger DOL Form 5500 · updated monthly

Qualderm Partners, LLC401(k)

SKIN IN THE GAME 401(K) MULTIPLE EMPLOYER PLAN · BRENTWOOD, TN · plan year 2022

Reported admin expense ratio · 2022
0.35%

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

Qualderm Partners, LLC reported $110,079 in plan administrative expenses for 2022: 0.35% of average plan assets, above the peer median. Employer contributions averaged $2,603 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 1 year on file its reported administrative ratio rose from 0.35% to 0.48%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,806 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 410th-largest of 1,496 plans among Tennessee employers on file, and the 2,728th of 11,911 in health care & social assistance. In 2022, employees put in $1.94 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$30,581,193
Participants with balances938
Active participants807
Employer contributions$2,100,479
Employee contributions$4,073,280
Employer contribution per active participant$2,603
Average account balance$32,603
Benefits paid to participants$2,670,779
Plan auditUnmodified (clean) audit opinion
AuditorLBMC, PC
Plan history2
Yearassets · accounts · employer contribution
2023$10.8M · 3 accts · $1.0M emplr
2022$30.6M · 938 accts · $2.1M emplr
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$110,079
Total administrative$110,079
The Qualderm Partners, LLC 401(k) match · 2022
Employer contribution per active participant$2,603
Median for plans this size$2,266
2023$251,983 per active participant
2022$2,603 per active participant

Qualderm Partners, LLC's 2022 employer contribution ran above the $2,266 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history2
2023$98,682 · 0.48%
2022$110,079 · 0.35%
Similar plansHealth Care & Social Assistance · Tennessee
Sp Practice Management, LLC TN$31.8M · 0.15%
Traditions Health, LLC TN$31.0M · 0.64%
Gastroenterology Associates TN$29.5M · 0.03%
Johnson City Eye Clinic, PC TN$28.9M · 0.13%

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Source: U.S. Department of Labor, Form 5500 series, EIN 473446323 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.