Plan Snapshot
- Plan Sponsor: Associated Skin Care Specialists, P.A.
- Sponsor EIN: 411000101
- Sponsor Address: 119 14TH STREET NW SUITE 240, NEW BRIGHTON, MN, 55112
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 120
- Total Assets: $43.3M
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. |
|---|---|---|---|---|
| 2025 | 120 | $43.3M | $0 | $0 |
| 2024 | 78 | $35.4M | $864,511 | $642,962 |
| 2023 | 83 | $30.6M | $792,896 | $611,589 |
| 2022 | 66 | $26.1M | $648,681 | $496,850 |
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 |
|---|---|---|---|---|
| CAPITAL MANAGEMENT ASSOCIATES | Other Service Provider | $63,243 | — | $63,243 |
| STANCORP | Recordkeeper | $49,257 | — | $49,257 |
| PENSION CONSULTANTS, INC. | Recordkeeper | — | $12,500 | $12,500 |
| ASSOCIATED SKIN CARE SPECIALISTS PA | Other Service Provider | $9,000 | — | $9,000 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $134,000
- Estimated Expense Ratio: 0.309% 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 |
|---|---|---|---|---|---|
| 2025 | $506,256 | — | $76,574 | — | — |
| 2024 | $66,606 | $66,606 | — | — | — |
| 2023 | $32,795 | $32,795 | — | — | — |
| 2022 | $8,930 | $8,930 | — | — | — |