Retirement plan

ASSOCIATED SKIN CARE SPECIALISTS, P.A. 401(K) PROFIT SHARING PLAN

Name: ASSOCIATED SKIN CARE SPECIALISTS, P.A. - ASSOCIATED SKIN CARE SPECIALISTS, P.A. 401(K) PROFIT SHARING PLAN (2024) Form 5500
Creator: ASSOCIATED SKIN CARE SPECIALISTS, P.A.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ASSOCIATED SKIN CARE SPECIALISTS, P.A. 401(K) PROFIT SHARING PLAN, ASSOCIATED SKIN CARE SPECIALISTS, P.A.

ASSOCIATED SKIN CARE SPECIALISTS, P.A.EIN 41-1000101Plan #001PY 2024

119 14TH STREET NW SUITE 240 - NEW BRIGHTON, MN 55112763-571-4000associatedskincare.comLinkedIn51-200 employeeshospital & health care

Prospect flagsHigh feesHigh assets / participant

Top hat statement on fileNQDC

Filed September 22, 2006

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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Total assets (EOY)

$35.4M

+15.8% from 2023

Total participants

135

-4.3% from 2023

Average account balance

$262,335

+21.0% from 2023

Annual return

13.13%

-4.78 pp from 2023

Benchmarks

See 21,691 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort21,691 peers

Snapshot2024

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$35.42M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$262K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

135

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.51M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$19K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+13.13%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$493

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

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Service providers

Top 4 by compensation

Provider	Service type	Compensation
CAPITAL MANAGEMENT ASSOCIATES8 years Service code 27 790 XERXES AVENUE SOUTH · BLOOMINGTON, MN 55431	Advisory (Plan)	$51,871
STANCORP FINANCIAL GROUP2 years Filed as: STANCORP Service code 12 · EIN 93-1253576 1100 SW SIXTH AVENUE · PORTLAND, OR 97204	Custodial (other than securities); Cl...	$44,673
ADP BROKER-DEALER2 years Filed as: PENSION CONSULTANTS, INC. Service code 13 · EIN 20-0508334 120 SOUTH SIXTH STREET SUITE 1911 · MINNEAPOLIS, MN 55402	Contract Administrator	$9,392
ASSOCIATED SKIN CARE SPECIALISTS PA2 years Service code 30 · EIN 41-1000101 119 - 14TH STREET NW SUITE 240 · NEW BRIGHTON, MN 55112	Employee (plan)	$9,250

Plan features & details

Pension benefit codes2A2E2G2F2J3D2R2T

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$67K

$854 / participant

Investment mgmt$67K100.0%

% of EOY assets

0.188%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: DS&B LTD
Auditor EIN: 411475695
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$262,335

$81,358+222.4%

$155,556+68.6%

$80,959+224.0%

Participation rate

100.0%

66.3%+33.7pp

78.2%+21.8pp

67.7%+32.3pp

Annual return

13.13%

33.39%-20.3pp

64.84%-51.7pp

35.67%-22.5pp

Employer contribution / active EE

$11,083

$3,106+256.8%

$4,675+137.1%

$2,757+302.0%

Participant deferral / active EE

$8,243

$3,455+138.6%

$5,631+46.4%

$4,300+91.7%

Admin fee / account holder

$493

$7,994-93.8%

$15,885-96.9%

$6,925-92.9%

Provider

Service type

Compensation

CAPITAL MANAGEMENT ASSOCIATES8 years

Service code 27

790 XERXES AVENUE SOUTH · BLOOMINGTON, MN 55431

Advisory (Plan)

$51,871

STANCORP FINANCIAL GROUP2 years

Filed as: STANCORP

Service code 12 · EIN 93-1253576

1100 SW SIXTH AVENUE · PORTLAND, OR 97204

Custodial (other than securities); Cl...

$44,673

ADP BROKER-DEALER2 years

Filed as: PENSION CONSULTANTS, INC.

Service code 13 · EIN 20-0508334

120 SOUTH SIXTH STREET SUITE 1911 · MINNEAPOLIS, MN 55402

Contract Administrator

$9,392

ASSOCIATED SKIN CARE SPECIALISTS PA2 years

Service code 30 · EIN 41-1000101

119 - 14TH STREET NW SUITE 240 · NEW BRIGHTON, MN 55112

Employee (plan)

$9,250

ASSOCIATED SKIN CARE SPECIALISTS, P.A. 401(K) PROFIT SHARING PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ASSOCIATED SKIN CARE SPECIALISTS, P.A. 401(K) PROFIT SHARING PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion