Plan Snapshot
- Plan Sponsor: Dermatology Specialists, P.A.
- Sponsor EIN: 411264423
- Sponsor Address: 3316 WEST 66TH ST., STE. 200, EDINA, MN, 55435
- Plan Type: DC
- Total Participants: 99
- Total Assets: $22.6M
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 | 99 | $22.6M | $962,322 | $528,889 |
| 2023 | 173 | $16.5M | $622,288 | $523,462 |
| 2022 | 105 | $14.8M | $730,402 | $398,159 |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY | Recordkeeper | $81,346 | — | $81,346 |
| WELLS FARGO ADVISORS LLC | Investment Advisor | — | $38,765 | $38,765 |
| ASCENSUS HOLDINGS DBA FUTUREPLAN | Other Service Provider | $7,225 | $10,000 | $17,225 |
| EVEREN SECURITIES INC | Investment Advisor | — | $12,922 | $12,922 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $150,258
- Estimated Expense Ratio: 0.664% 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 | $77,824 | — | $77,824 | — | — |
| 2023 | — | — | — | — | — |
| 2022 | — | — | — | — | — |