Adcs Clinics, LLC, DBA Advanced Dermatology and Cosmetic Surgery 401(k) Review & Grade
Adcs Clinics, LLC, 401(k) Retirement Plan
Maitland, FLHealth Care & Social Assistance2,608 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$144Employer $ per active participant
$2,821Employee $ saved per active participant
0.37%Direct admin cost, % of plan assets
$65.4MNet plan assets, end of year
$48,600Average balance per account
Score breakdown
- Employer generosity13.3 / 5027th percentile for employer $ per participant
- Low cost4.4 / 2517th percentile for low admin cost vs. same-size plans
- Employee saving7.5 / 1550th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score15 / 100 · Grade F
This plan vs. peers
Peers: Health Care & Social Assistance plans with 2,500–9,999 active participants (312 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 27th |
| Lower admin cost | 17th |
| Employee saving | 50th |
| Peers that auto-enroll | 38% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($19,118 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $816,366 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Adcs Clinics, LLC, DBA Advanced Dermatology and Cosmetic Surgery put in about $144 per active participant, below the typical peer ($800). 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.
- Direct plan expenses (0.37% of assets) are well above similar-size plans (0.12%). 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.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $375,145 |
| Participant (employee) contributions | $7,355,588 |
| Other contributions (incl. rollovers in) | $1,994,900 |
| Administrative expenses paid from the plan | $219,574 |
| Contract administrator fees | $91,353 |
| Investment advisory & management fees | $128,221 |
| Benefits paid out | $3,308,476 |
| Net assets, start / end of year | $51.8M / $65.4M |
| Active participants, start / end of year | 2,285 / 2,930 |
| Participants with account balances | 1,345 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Rehmann Robson LLC |
Largest service providers (Schedule C)
| Onedigital Investment Advisors | $128,221 reported compensation |
| The Mandmarblestone Group LLC | $54,184 reported compensation |
| Rehmann Robson LLC | $31,250 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251113072329NAL0002570578001, received 2025-11-13, EIN 59-3134183, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.