Plan Snapshot
- Plan Sponsor: Anne Arundel Dermatology, P.A.
- Sponsor EIN: 521415148
- Sponsor Address: 1306 CONCOURSE DRIVE,, LINTHICUM, MD, 21090
- Plan Type: 401(k)
- Plan Number: 002
- Total Participants: 1,619
- Total Assets: $62.1M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: Yes
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2023 | 1,619 | $62.1M | $2,456 | $5.9M |
| 2022 | 1,602 | $49.5M | $2.6M | $5.0M |
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 |
|---|---|---|---|---|
| NEWPORT GROUP, INC. | Recordkeeper | $123,747 | — | $123,747 |
| ADP, INC. | Recordkeeper | $123,717 | — | $123,717 |
| GREENSPRING ADVISORS, LLC | Investment Advisor | $39,015 | — | $39,015 |
| HANDWERGER, CARDEGNA, FUNKHOUSER &L | Other Service Provider | $15,500 | — | $15,500 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ADP, INC. — Recordkeeper
- GREENSPRING ADVISORS, LLC — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $301,979
- Estimated Expense Ratio: 0.486% 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 |
|---|---|---|---|---|---|
| 2023 | $206,342 | — | $206,342 | — | — |
| 2022 | $245,245 | — | — | — | — |