Retirement plan

ASSOCIATES IN DERMATOLOGY, M.D.S, P.L. EMPLOYEE 401(K) PROFIT SHARING PLAN & TRUST

Name: ASSOCIATES IN DERMATOLOGY, M.D.S, P.L. - ASSOCIATES IN DERMATOLOGY, M.D.S, P.L. EMPLOYEE 401(K) PROFIT SHARING PLAN & TRUST (2024) Form 5500
Creator: ASSOCIATES IN DERMATOLOGY, M.D.S, P.L.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ASSOCIATES IN DERMATOLOGY, M.D.S, P.L. EMPLOYEE 401(K) PROFIT SHARING PLAN & TRUST, ASSOCIATES IN DERMATOLOGY, M.D.S, P.L.

ASSOCIATES IN DERMATOLOGY, M.D.S, P.L.EIN 59-1690361Plan #001PY 2024

8381 RIVERWALK PARK BLVD., UNIT 101 - FORT MYERS, FL 33919239-936-5425associatesinderm.comLinkedIn11-50 employeesmedical practice

Prospect flagsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$19.6M

+18.0% from 2023

Total participants

-9.1% from 2023

Average account balance

$280,202

+29.8% from 2023

Annual return

13.26%

-0.52 pp from 2023

Benchmarks

See 21,742 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort21,742 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$19.61M

Not enough data

1 years with asset history on file

Average account balance

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

$280K

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.

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.

120.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.07M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$18K

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

+13.26%

Not enough data

1 years with return on file

Admin fee / account holder

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

$4843

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

0 years with F_SCH_H allocation on file

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

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2F2G2J3D

Plan features

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.
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

$339K

$5846 / participant

Other / not subdivided$339K100.0%

% of EOY assets

1.729%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$280,202

$81,262+244.8%

$155,602+80.1%

$80,911+246.3%

Participation rate

100.0%

66.2%+33.8pp

78.2%+21.8pp

67.6%+32.4pp

Annual return

13.26%

33.34%-20.1pp

64.81%-51.6pp

35.63%-22.4pp

Employer contribution / active EE

$11,831

$3,102+281.4%

$4,675+153.1%

$2,756+329.3%

Participant deferral / active EE

$6,648

$3,451+92.6%

$5,629+18.1%

$4,297+54.7%

Admin fee / account holder

$4,843

$7,992-39.4%

$15,923-69.6%

$6,935-30.2%

ASSOCIATES IN DERMATOLOGY, M.D.S, P.L. EMPLOYEE 401(K) PROFIT SHARING PLAN & TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ASSOCIATES IN DERMATOLOGY, M.D.S, P.L. EMPLOYEE 401(K) PROFIT SHARING PLAN & TRUST

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