Dermatologists of Southwest Ohio, LLC 401(k) Review & Grade
Dermatologists of Central States Retirement Savings Plan
Kettering, OHHealth Care & Social Assistance1,408 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,517Employer $ per active participant
$4,618Employee $ saved per active participant
0.46%Direct admin cost, % of plan assets
$91.9MNet plan assets, end of year
$59,157Average balance per account
Score breakdown
- Employer generosity39.0 / 5078th percentile for employer $ per participant
- Low cost6.4 / 2526th percentile for low admin cost vs. same-size plans
- Employee saving11.2 / 1575th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
Total score57 / 100 · Grade C
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 78th |
| Lower admin cost | 26th |
| Employee saving | 75th |
| Peers that auto-enroll | 36% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Dermatologists of Southwest Ohio put in about $2,517 per active participant, more than the typical peer ($976). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Direct plan expenses (0.46% of assets) are well above similar-size plans (0.23%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $3,545,886 |
| Participant (employee) contributions | $6,504,664 |
| Other contributions (incl. rollovers in) | $356,353 |
| Administrative expenses paid from the plan | $394,983 |
| Investment advisory & management fees | $76,425 |
| Other admin expenses | $51,463 |
| Benefits paid out | $8,930,477 |
| Net assets, start / end of year | $78.9M / $91.9M |
| Active participants, start / end of year | 1,331 / 1,486 |
| Participants with account balances | 1,554 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Flagel, Huber, Flagel & Co. |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company O | $188,934 reported compensation |
| Global Retirement Partners | $76,425 reported compensation |
| Schneider Male & Strakowski Co Ea | $25,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015080734NAL0008609042001, received 2025-10-15, EIN 31-0964774, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.