Plan Ledger DOL Form 5500 · updated monthly

Skin and Cancer Associates, LLP401(k)

SKIN AND CANCER ASSOCIATES PROFIT SHARING PLAN · SUNRISE, FL · plan year 2023

Reported admin expense ratio · 2023
0.21%

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

Skin and Cancer Associates, LLP reported $70,270 in plan administrative expenses for 2023: 0.21% of average plan assets, below the peer median. Employer contributions averaged $1,644 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 fell from 0.25% to 0.21%. 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 the 687th-largest of 3,644 plans among Florida employers on file, and the 2,376th of 11,911 in health care & social assistance. In 2023, employees put in $2.61 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$37,005,874
Participants with balances471
Active participants373
Employer contributions$613,068
Employee contributions$1,597,834
Employer contribution per active participant$1,644
Average account balance$78,569
Benefits paid to participants$1,942,241
Plan auditUnmodified (clean) audit opinion
AuditorMARTINELLI & COMPANY, LLC
Plan history3
Yearassets · accounts · employer contribution
2024$0 · 232 accts · $445K emplr
2023$37.0M · 471 accts · $613K emplr
2022$31.4M · 532 accts · $615K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$62,524
Investment management$4,131
Total administrative$70,270
The Skin and Cancer Associates, LLP 401(k) match · 2023
Employer contribution per active participant$1,644
Median for plans this size$2,440
2024$1,185 per active participant
2023$1,644 per active participant
2022$1,582 per active participant

Skin and Cancer Associates, LLP's 2023 employer contribution ran below the $2,440 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20233
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$62,464
MERRILL LYNCH PIERCE FENNER & SMITH · Pension consulting · Investment advisory (plan)$7,740
MORNINGSTAR INVESTMENT MANAGEMENT L · Investment advisory (participants)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
2024Not separately reported
2023$70,270 · 0.21%
2022$84,808 · 0.25%
Similar plansHealth Care & Social Assistance · Florida

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Source: U.S. Department of Labor, Form 5500 series, EIN 650008133 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.