Plan Ledger DOL Form 5500 · updated monthly

Westlake Dermatology, PA401(k)

WESTLAKE DERMATOLOGY 401(K) PROFIT SHARING PLAN · AUSTIN, TX · plan year 2024

Reported admin expense ratio · 2024
0.36%

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

Westlake Dermatology, PA reported $47,865 in plan administrative expenses for 2024: 0.36% of average plan assets, above the peer median. Employer contributions averaged $730 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 0.36%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 2,470th-largest of 5,688 plans among Texas employers on file, and the 4,568th of 11,911 in health care & social assistance. In 2024, employees put in $6.19 for every $1.00 the employer contributed; active participation has grown from 200 to 316 since 2022.

Plan summary
Net assets, end of year$14,632,634
Participants with balances309
Active participants316
Employer contributions$230,723
Employee contributions$1,429,030
Employer contribution per active participant$730
Average account balance$47,355
Benefits paid to participants$869,551
Plan auditUnmodified (clean) audit opinion
AuditorRYAN MANN LLC
Plan history3
Yearassets · accounts · employer contribution
2024$14.6M · 309 accts · $231K emplr
2023$11.9M · 223 accts · $326K emplr
2022$8.9M · 194 accts · $186K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$21,837
Investment management$26,028
Total administrative$47,865
The Westlake Dermatology, PA 401(k) match · 2024
Employer contribution per active participant$730
Median for plans this size$2,416
2024$730 per active participant
2023$1,476 per active participant
2022$932 per active participant

Westlake Dermatology, PA's 2024 employer contribution ran below the $2,416 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
AUSTIN MONEY MANAGEMENT · Investment advisory (plan)$25,330
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$21,837

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

Administrative cost history3
2024$47,865 · 0.36%
2023$37,194 · 0.36%
2022$35,638 · 0.37%
Same employer
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Intuitive Health, LLC TX$14.8M · 0.75%
Baptist Community Services TX$14.8M · 0.72%
Cls Health PLLC TX$14.3M · 0.07%
Covenant Group Holdings, LP TX$14.3M · 0.85%
Nexus Health Systems, LTD TX$14.0M · 0.60%

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Source: U.S. Department of Labor, Form 5500 series, EIN 820540404 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.