Plan Ledger DOL Form 5500 · updated monthly

Skin Specialty Solutions401(k)

SKIN SPECIALTY SOLUTIONS 401(K) PLAN · SAN DIEGO, CA · plan year 2023

Reported admin expense ratio · 2023
1.32%

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

Skin Specialty Solutions reported $12,752 in plan administrative expenses for 2023: 1.32% of average plan assets, above the peer median. Employer contributions averaged $0 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 1.06% to 1.32%. The plan sits in the under $1M size bracket, benchmarked here against 1,192 comparable plans and shown alongside other retail trade employers. By assets it is among the smaller plans on file in California (8,827th of 9,483), and 4,956th of 5,215 in retail trade. active participation has shrunk from 112 to 70 since 2022.

Plan summary
Net assets, end of year$1,024,917
Participants with balances155
Active participants70
Employer contributions$0
Employee contributions$247,215
Employer contribution per active participant$0
Average account balance$6,612
Benefits paid to participants$301,954
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$0
2023$1.0M · 155 accts
2022$913K · 175 accts · $578 emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$12,678
Investment management$74
Total administrative$12,752
The Skin Specialty Solutions 401(k) match · 2023
Employer contribution per active participant$0
Median for plans this size$522

Skin Specialty Solutions's 2023 employer contribution ran below the $522 median for plans its size, in the bottom 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 · 20232
COTA STREET INVESTMENT MANAGEMENT · Investment management$74

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$12,752 · 1.32%
2022$9,405 · 1.06%
Similar plansRetail Trade · California
Win Chevrolet Inc CA$1.1M · 0.01%
La Reina Markets LLC CA$1.1M · 1.83%
Farmgirl Flowers Inc. CA$1.0M · 0.40%
Good Earth Natural Foods CA$1.0M · 1.46%
Bakhtiari Corporation CA$971K · 1.55%
Shiralian Enterprises Inc CA$958K · 0.52%

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Source: U.S. Department of Labor, Form 5500 series, EIN 831335950 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.