Plan Ledger DOL Form 5500 · updated monthly

Specialists in Dermatology, P.L.L.C.401(k)

SPECIALISTS IN DERMATOLOGY, P.L.LC. 401(K) PROFIT SHARING PLAN · TUCSON, AZ · plan year 2023

Reported admin expense ratio · 2023
0.46%

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

Specialists in Dermatology, P.L.L.C. reported $13,349 in plan administrative expenses for 2023: 0.46% of average plan assets, below the peer median. Employer contributions averaged $2,045 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 0.25% to 0.46%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Arizona (957th of 1,285), and 9,110th of 11,911 in health care & social assistance. In 2023, employees put in $1.91 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$3,198,108
Participants with balances72
Active participants68
Employer contributions$139,039
Employee contributions$265,795
Employer contribution per active participant$2,045
Average account balance$44,418
Benefits paid to participants$190,299
Plan auditUnmodified (clean) audit opinion
AuditorLUDWIG KLEWER & RUDNER, PLLC
Plan history2
Yearassets · accounts · employer contribution
2023$3.2M · 72 accts · $139K emplr
2022$2.6M · 136 accts · $127K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$6,621
Investment management$6,728
Total administrative$13,349
The Specialists in Dermatology, P.L.L.C. 401(k) match · 2023
Employer contribution per active participant$2,045
Median for plans this size$1,308
2023$2,045 per active participant
2022$1,900 per active participant

Specialists in Dermatology, P.L.L.C.'s 2023 employer contribution ran above the $1,308 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 · 20232
THE VANGUARD GROUP, INC. · Loan processing · Recordkeeping$6,621
GWN SECURITIES, INC · Investment advisory (plan)$6,728

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

Administrative cost history2
2023$13,349 · 0.46%
2022$9,012 · 0.25%
Similar plansHealth Care & Social Assistance · Arizona
Twelfth One, LLC AZ$3.1M · 0.70%

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Source: U.S. Department of Labor, Form 5500 series, EIN 860922947 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.