West Michigan Dermatology Retirement Savings Plan — Form 5500 plan (West Michigan Dermatology)
Plain-English plan summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, West Michigan Dermatology Retirement Savings Plan is a benefit plan reported by West Michigan Dermatology under EIN 38-2561981 and plan number 002. The latest loaded filing year is 2023. The filing reports 141 participants and $11,492,615 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- West Michigan Dermatology
- EIN
- 38-2561981
- Plan number
- 002
- Plan type
- 2
- Location
- Grandville, MI
- Latest filing year
- 2023
- Participants
- 141
- End-of-year plan assets
- $11,492,615
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 141 | H, C | 20240724071240NAL0007952563001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $11,492,615
- Total liabilities (EOY)
- $16,249
- Net assets (EOY)
- $11,476,366
- Net assets (BOY)
- $10,110,513
Income & contributions
- Employer contributions
- $555,509
- Participant contributions
- $553,031
- Total contributions
- $1,108,540
- Total income / additions
- $2,927,417
Expenses & distributions
- Benefits paid
- $1,503,198
- Administrative expenses
- $53,566
- Total expenses
- $1,561,564
- Net increase / (decrease)
- $1,365,853
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Bluewater Asset Management | FINANCIAL ADVISOR | $38,831 | not reported in the loaded dataset | 2023 |
| Penserv Plan Service, Inc. | RECORDKEEPER | $9,459 | not reported in the loaded dataset | 2023 |
| Mg Trust Company, LLC | CUSTODIAL | $5,276 | not reported in the loaded dataset | 2023 |