Plan Ledger DOL Form 5500 · updated monthly

Radiant Complexions Dermatology Clinic, PLLC401(k)

THE ARCHITECT 401(K) PLAN - RADIANT COMPLEXIONS DERMATOLOGY CLINIC, INC. · WEST DES MOINES, IA · plan year 2023

Reported admin expense ratio · 2023
0.56%

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

Radiant Complexions Dermatology Clinic, PLLC reported $57,927 in plan administrative expenses for 2023: 0.56% of average plan assets, higher than ~75% of peers. Employer contributions averaged $4,546 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 0.47% to 0.56%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Iowa (545th of 878), and the 5,235th of 11,911 in health care & social assistance. In 2023, the employer put in $1.37 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$11,709,991
Participants with balances129
Active participants106
Employer contributions$481,871
Employee contributions$351,969
Employer contribution per active participant$4,546
Average account balance$90,775
Benefits paid to participants$487,830
Plan auditUnmodified (clean) audit opinion
AuditorSKIBBIE CPA, INC.
Plan history3
Yearassets · accounts · employer contribution
2024$0
2023$11.7M · 129 accts · $482K emplr
2022$9.1M · 131 accts · $550K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$40,492
Investment management$10,435
Audit (IQPA)$7,000
Total administrative$57,927
The Radiant Complexions Dermatology Clinic, PLLC 401(k) match · 2023
Employer contribution per active participant$4,546
Median for plans this size$2,440
2023$4,546 per active participant
2022$5,504 per active participant

Radiant Complexions Dermatology Clinic, PLLC's 2023 employer contribution ran above the $2,440 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20234
THE FINWAY GROUP, LLC · Contract administrator$27,369
CAMBRIDGE INVESTMENT RESEARCH INC. · Investment advisory (plan)$14,980
SKIBBIE CPA · Accounting / audit$7,000

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

Administrative cost history3
2024Not separately reported
2023$57,927 · 0.56%
2022$47,400 · 0.47%
Same employer
Similar plansHealth Care & Social Assistance · Iowa
Medic Ems IA$14.0M · 0.42%
Mainstream Living, Inc IA$13.3M · 0.04%
Kimball & Beecher Group LLC IA$11.9M · 0.23%
Balance Autism IA$11.5M · 0.53%
On With Life, Inc. IA$11.2M · 0.09%
New Hope Village IA$10.8M · 0.54%

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Source: U.S. Department of Labor, Form 5500 series, EIN 421463823 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.