# West Michigan Dermatology 401(k) Plan
Source: https://planprovider.pro/companies/west-michigan-dermatology-401k-plan

> West Michigan Dermatology's 401(k) plan: 121 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** West Michigan Dermatology

- **Sponsor EIN:** 382561981

- **Sponsor Address:** 3434 RIVERTOWN POINT COURT SW, GRANDVILLE, MI, 49418

- **Plan Type:** 401(k)

- **Total Participants:** 121

- **Total Assets:** $13.5M

## Key Plan Design Features

- **Auto-Enrollment:** Yes

- **Auto-Escalation:** No

- **Allows Roth Contributions:** Yes

- **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|121|$13.5M|$601,885|$572,096|

| 2023|111|$11.5M|$555,509|$553,031|

| 2022|111|$10.1M|$528,586|$484,396|

## 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|

| BLUEWATER ASSET MANAGEMENT|FINANCIAL ADVISOR|$38,567|—|$38,567|

| PENSERV PLAN SERVICES, INC.|RECORDKEEPER|$8,445|—|$8,445|

| MG TRUST COMPANY, LLC|CUSTODIAL|$5,749|—|$5,749|

| HUNGERFORD|Auditor|—|—|$0|

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $52,761

- **Estimated Expense Ratio:** 0.390% 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|$52,761|$38,567|$8,445|—|—|

| 2023|$53,566|$38,831|$9,459|—|—|

| 2022|$43,849|$35,376|$8,473|—|—|

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