Retirement plan

EMPIRE DERMATOLOGY 401(K) PROFIT SHARING PLAN

Name: EMPIRE DERMATOLOGY - EMPIRE DERMATOLOGY 401(K) PROFIT SHARING PLAN (2025) Form 5500
Creator: EMPIRE DERMATOLOGY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, EMPIRE DERMATOLOGY 401(K) PROFIT SHARING PLAN, EMPIRE DERMATOLOGY

EMPIRE DERMATOLOGYEIN 81-1896212Plan #001PY 2025

5823 WIDEWATERS PARKWAY - E. SYRACUSE, NY 13057315-399-1978empirederm.comLinkedIn11-50 employeesmedical practice

Prospect flagsLow fidelity bondFailed to transmit contributions

How to read this page

Total assets (EOY)

$4.8M

+46.8% from 2024

Total participants

146

-3.9% from 2024

Average account balance

$42,884

+63.8% from 2024

Annual return

20.24%

-40.74 pp from 2024

Benchmarks

See 3,389 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort3,389 peers

Snapshot2025

See peer percentile detail. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

Start for $4.99 See plans

Analytics

Total assets (EOY)

Plan-year ending balance

$4.80M

Not enough data

1 years with asset history on file

Average account balance

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

$43K

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.

112

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.

71.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$941K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+20.24%

Not enough data

1 years with return on file

Admin fee / account holder

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

$239

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

See the 8-year trajectory. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

Start for $4.99 See plans

Service providers

Top 2 by compensation

Provider	Service type	Compensation
ASCENSUS LLC1 year Service code 15 · EIN 11-3665754	Recordkeeping	$19,769
HAZARD & SIEGEL INC1 year Filed as: HAZARD & SIEGEL ADVISORY SVSC Service code 27 · EIN 16-0954584	Advisory (Plan)	$6,977

Plan features & details

Pension benefit codes2A2E3D2G2J2F2T

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.
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

ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$27K

$223 / participant

Investment mgmt$7K26.1%
Contract admin$20K73.9%

% of EOY assets

0.557%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: METZ CPA, PLLC
Auditor EIN: 464558541
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$42,884

$49,915-14.1%

$154,803-72.3%

$74,304-42.3%

Participation rate

71.7%

54.0%+17.7pp

78.1%-6.4pp

60.3%+11.3pp

Annual return

20.24%

34.06%-13.8pp

58.88%-38.6pp

29.43%-9.2pp

Employer contribution / active EE

$4,743

$1,611+194.3%

$4,305+10.2%

$2,241+111.6%

Participant deferral / active EE

$3,101

$2,255+37.5%

$5,540-44.0%

$3,767-17.7%

Admin fee / account holder

$239

$2,189-89.1%

$14,329-98.3%

$2,969-92.0%

Provider

Service type

Compensation

ASCENSUS LLC1 year

Service code 15 · EIN 11-3665754

Recordkeeping

$19,769

HAZARD & SIEGEL INC1 year

Filed as: HAZARD & SIEGEL ADVISORY SVSC

Service code 27 · EIN 16-0954584

Advisory (Plan)

$6,977

EMPIRE DERMATOLOGY 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

EMPIRE DERMATOLOGY 401(K) PROFIT SHARING PLAN

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