Plan Snapshot
- Plan Sponsor: Dermatology Consultants, P.A.
- Sponsor EIN: 410972960
- Sponsor Address: 576 BIELENBERG DR., WOODBURY, MN, 55125
- Plan Type: DC
- Total Participants: 171
- Total Assets: $37.1M
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. |
|---|---|---|---|---|
| 2024 | 171 | $37.1M | $1.5M | $1.1M |
| 2023 | 150 | $33.0M | $1.3M | $1.0M |
| 2022 | 136 | $25.8M | $1.2M | $835,671 |
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 |
|---|---|---|---|---|
| BGM CPA LLC | Auditor | $16,500 | — | $16,500 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- BGM CPA LLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $16,500
- Estimated Expense Ratio: 0.045% 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 | $61,874 | $6,806 | — | $16,500 | — |
| 2023 | $39,774 | $6,313 | — | $14,500 | — |
| 2022 | $39,070 | $7,121 | — | — | — |