Plan Snapshot
- Plan Sponsor: Dermcare Management, LLC
- Sponsor EIN: 813540312
- Sponsor Address: 4000 HOLLYWOOD BLVD, HOLLYWOOD, FL, 33021
- Plan Type: 401(k)
- Total Participants: 983
- Total Assets: $31.2M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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 | 983 | $31.2M | $1.5M | $4.0M |
| 2023 | 786 | $21.6M | $1.4M | $3.2M |
| 2022 | 684 | $12.7M | $1.1M | $2.4M |
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 |
|---|---|---|---|---|
| VOYA RETIREMENT INSURANCE | Recordkeeper | $71,275 | $20 | $71,295 |
| MORGAN STANLEY | Recordkeeper | — | $65,162 | $65,162 |
| THE BENEFIT PRACTICE | Recordkeeper | $1,675 | $12,431 | $14,106 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MORGAN STANLEY — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $150,563
- Estimated Expense Ratio: 0.483% 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 | $72,950 | — | $72,950 | — | — |
| 2023 | $15,675 | — | $15,675 | — | — |
| 2022 | $9,475 | — | $9,475 | — | — |