Oliver Street Dermatology Management LLC 401(k) Review & Grade
Usdp 401k Plan
Dallas, TXHealth Care & Social Assistance1,774 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$33Employer $ per active participant
$4,486Employee $ saved per active participant
0.08%Direct admin cost, % of plan assets
$105.9MNet plan assets, end of year
$60,253Average balance per account
Score breakdown
- Employer generosity5.5 / 5011th percentile for employer $ per participant
- Low cost19.7 / 2579th percentile for low admin cost vs. same-size plans
- Employee saving11.0 / 1574th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score39 / 100 · Grade D
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 11th |
| Lower admin cost | 79th |
| Employee saving | 74th |
| 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
- Oliver Street Dermatology Management put in about $33 per active participant, below the typical peer ($976). Any match is still an instant return, so contribute enough to get all of it.
- 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.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- 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 | $58,787 |
| Participant (employee) contributions | $7,961,192 |
| Other contributions (incl. rollovers in) | $178,453 |
| Administrative expenses paid from the plan | $79,402 |
| Investment advisory & management fees | $14,681 |
| Benefits paid out | $7,491,950 |
| Net assets, start / end of year | $90.9M / $105.9M |
| Active participants, start / end of year | 1,409 / 2,140 |
| Participants with account balances | 1,758 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Henry & Peters, P.C. |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $65,811 reported compensation |
| Strategic Advisors, Inc. | $14,681 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250917173734NAL0000361907001, received 2025-09-17, EIN 46-1330993, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.