Plan Ledger DOL Form 5500 · updated monthly

United Skin Specialists LLC401(k)

UNITED SKIN SPECIALISTS LLC 401(K) PLAN · PLYMOUTH, MN · plan year 2024

Reported admin expense ratio · 2024
0.83%

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

United Skin Specialists LLC reported $75,809 in plan administrative expenses for 2024: 0.83% of average plan assets, above the peer median. Employer contributions averaged $3,081 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 3 years on file its reported administrative ratio has held roughly steady near 0.83%. 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 Minnesota (1,296th of 1,918), and the 5,636th of 11,911 in health care & social assistance. In 2024, employees put in $2.23 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$10,210,729
Participants with balances105
Active participants115
Employer contributions$354,293
Employee contributions$789,919
Employer contribution per active participant$3,081
Average account balance$97,245
Benefits paid to participants$1,581,648
Plan auditUnmodified (clean) audit opinion
Plan history4
Yearassets · accounts · employer contribution
2025$0
2024$10.2M · 105 accts · $354K emplr
2023$8.1M · 129 accts · $408K emplr
2022$6.2M · 109 accts · $354K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$75,809
Total administrative$75,809
The United Skin Specialists LLC 401(k) match · 2024
Employer contribution per active participant$3,081
Median for plans this size$1,313
2024$3,081 per active participant
2023$3,639 per active participant
2022$3,000 per active participant

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

Service providers · 20244
TRANSAMERICA RETIREMENT SOLUTIONS · Recordkeeping · Loan processing$27,769
TAX SHELTERED COMPENSATION, INC. · Recordkeeping · Loan processing$2,274
NFP RETIREMENT INC · Investment advisory (plan)$38,497
IMA WEALTH INC. · Investment advisory (plan)$6,709

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

Recordkeeper by year2
2024TAX SHELTERED COMPENSATION, INC., Transamerica
2023TAX SHELTERED COMPENSATION, INC., Transamerica

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Administrative cost history4
2025Not separately reported
2024$75,809 · 0.83%
2023$58,252 · 0.82%
2022$52,975 · 0.80%
Same employer
Similar plansHealth Care & Social Assistance · Minnesota
Alight MN$10.8M · 0.20%
Ccri, Inc. MN$10.8M · 0.40%
North Homes, Inc. MN$9.9M · 0.92%

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Source: U.S. Department of Labor, Form 5500 series, EIN 474506645 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.