Plan Ledger DOL Form 5500 · updated monthly

West Dermatology Management Holdings LLC and Affiliates.401(k)

WEST DERMATOLOGY MANAGEMENT HOLDINGS, LLC AND AFFILIATES RETIREMENT SAVINGS PLAN · DALLAS, TX · plan year 2023

Reported admin expense ratio · 2023
0.83%

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

West Dermatology Management Holdings LLC and Affiliates. reported $288,932 in plan administrative expenses for 2023: 0.83% of average plan assets, higher than ~90% of peers. Employer contributions averaged -$4 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 has held roughly steady near 0.83%. 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 1,293rd-largest of 5,688 plans among Texas employers on file, and the 2,327th of 11,911 in health care & social assistance.

Plan summary
Net assets, end of year$37,957,155
Participants with balances1,102
Active participants1,102
Employer contributions-$4,576
Employee contributions$4,628,251
Employer contribution per active participant-$4
Average account balance$34,444
Benefits paid to participants$3,524,648
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$0
2023$38.0M · 1,102 accts
2022$31.9M · 1,302 accts
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$243,828
Investment management$45,104
Total administrative$288,932
The West Dermatology Management Holdings LLC and Affiliates. 401(k) match · 2023
Employer contribution per active participant-$4
Median for plans this size$2,440

West Dermatology Management Holdings LLC and Affiliates.'s 2023 employer contribution ran below the $2,440 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 · 20233
STANCORP FINANCIAL GROUP · Claims processing · Recordkeeping$243,794
GLOBAL RETIREMENT PARTNERS, LLC · Investment advisory (plan)$45,104
CHARLES SCHWAB BANK · Custodial (securities)indirect comp

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

Recordkeeper by year2
2024The Standard
2023The Standard

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024Not separately reported
2023$288,932 · 0.83%
2022$259,349 · 0.79%
Similar plansHealth Care & Social Assistance · Texas
Urology Austin, PLLC TX$38.7M · 0.12%
Airrosti Rehab Centers LLC. TX$37.6M · 0.81%

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Source: U.S. Department of Labor, Form 5500 series, EIN 472142878 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.