Plan Ledger DOL Form 5500 · updated monthly

Suncoast Skin Solutions401(k)

SUNCOAST SKIN SOLUTIONS 401(K) PLAN · LUTZ, FL · plan year 2024

Reported admin expense ratio · 2024
0.40%

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

Suncoast Skin Solutions reported $18,039 in plan administrative expenses for 2024: 0.40% of average plan assets, below the peer median. Employer contributions averaged $2,243 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 2 years on file its reported administrative ratio rose from 0.20% to 0.40%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Florida (2,344th of 3,644), and 7,414th of 11,911 in health care & social assistance. In 2024, employees put in $2.04 for every $1.00 the employer contributed; active participation has grown from 215 to 331 since 2022.

Plan summary
Net assets, end of year$5,898,883
Participants with balances212
Active participants331
Employer contributions$742,553
Employee contributions$1,516,928
Employer contribution per active participant$2,243
Average account balance$27,825
Benefits paid to participants$422,468
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$5.9M · 212 accts · $743K emplr
2023$3.1M · 173 accts · $556K emplr
2022$1.1M · 111 accts · $328K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$4,459
Investment management$13,580
Total administrative$18,039
The Suncoast Skin Solutions 401(k) match · 2024
Employer contribution per active participant$2,243
Median for plans this size$1,313
2024$2,243 per active participant
2023$1,918 per active participant
2022$1,525 per active participant

Suncoast Skin Solutions's 2024 employer contribution ran above the $1,313 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
GLOBAL RETIREMENT PARTNERS · Recordkeeping · Trustee$10,357
ADP, INC. · Recordkeeping$4,458

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

Recordkeeper by year2
2024ADP, GLOBAL RETIREMENT PARTNERS
2023ADP, CAMBRIDGE INVESTMENT GROUP

This plan has changed recordkeepers within these filings. If you left Suncoast Skin Solutions before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$18,039 · 0.40%
2023$11,941 · 0.57%
2022$2,139 · 0.20%
Same employer
Similar plansHealth Care & Social Assistance · Florida
Jewish Community Services FL$6.0M · 0.52%
Arc Broward, Inc. FL$6.0M · 0.01%
Telespecialists, LLC FL$5.8M · 1.12%

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Source: U.S. Department of Labor, Form 5500 series, EIN 262003898 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.