# Abacus Dermatology Management 401(k) Plan
Source: https://planprovider.pro/companies/abacus-dermatology-management-401k-plan

> Abacus Dermatology Management's 401(k) plan: 332 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Abacus Dermatology Management

- **Sponsor EIN:** 852709914

- **Sponsor Address:** 2015 3RD AVENUE N, BIRMINGHAM, AL, 35203

- **Plan Type:** 401(k)

- **Total Participants:** 332

- **Total Assets:** $11.5M

## Key Plan Design Features

- **Auto-Enrollment:** Yes

- **Auto-Escalation:** No

- **Allows Roth Contributions:** No

- **Participant Loans:** No

- **Participant-Directed Investments:** Yes

- **ERISA Section 404(c) Fiduciary Safe Harbor:** Yes

## Plan Financials by Year

| Year|Participants|Total Assets|Employer Contrib.|Employee Contrib.|

| 2024|332|$11.5M|$288,023|$848,764|

| 2023|335|$14.8M|$452,720|$1.0M|

| 2022|66|$2.1M|$160,819|$312,997|

## Service Providers (Schedule C)

Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).

| Provider Name|
Role|
Direct Compensation|
Indirect Compensation|
Total Fees|

| FORVIS, LLP|NONE|$25,200|—|$25,200|

| SCHWAB RETIREMENT PLAN SERVICES,INC|NONE|$22,548|—|$22,548|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [FORVIS, LLP](https://planprovider.pro/provider/forvis-mazars-llp) — NONE

- [SCHWAB RETIREMENT PLAN SERVICES,INC](https://planprovider.pro/provider/charles-schwab-and-co-inc) — NONE

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $47,748

- **Estimated Expense Ratio:** 0.415% of plan assets

### Historical Administrative Expenses

Breakdown of administrative expense categories reported on Form 5500 filings.

| Year|
Total Admin Expenses|
Investment Mgmt Fees|
Contract Admin Fees|
IQPA Audit Fees|
Professional Fees|

| 2024|$84,536|$35,924|—|$25,200|—|

| 2023|$51,090|$35,445|—|—|—|

| 2022|$17,272|$9,790|$7,482|—|—|

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