Skin Cure Oncology, LLC 401(k) Review & Grade
Skin Cure Oncology, LLC 401(k) Plan
Burr Ridge, ILAdministrative, Support & Staffing Services520 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,266Employer $ per active participant
$5,429Employee $ saved per active participant
0.07%Direct admin cost, % of plan assets
$20.2MNet plan assets, end of year
$44,589Average balance per account
Score breakdown
- Employer generosity41.3 / 5082th percentile for employer $ per participant
- Low cost20.2 / 2581th percentile for low admin cost vs. same-size plans
- Employee saving12.0 / 1580th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score77 / 100 · Grade A
This plan vs. peers
Peers: Administrative, Support & Staffing Services plans with 500–2,499 active participants (401 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 82th |
| Lower admin cost | 81th |
| Employee saving | 80th |
| Peers that auto-enroll | 27% |
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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
- Skin Cure Oncology put in about $2,266 per active participant, more than the typical peer ($712). 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.
- 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 | $1,177,164 |
| Participant (employee) contributions | $2,820,569 |
| Other contributions (incl. rollovers in) | $2,569,902 |
| Administrative expenses paid from the plan | $12,150 |
| Contract administrator fees | $12,150 |
| Benefits paid out | $1,305,444 |
| Net assets, start / end of year | $12.9M / $20.2M |
| Active participants, start / end of year | 476 / 563 |
| Participants with account balances | 452 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Weiss & Company LLP |
Largest service providers (Schedule C)
| Global Retirement Partners LLC | $32,279 reported compensation |
| Voya Retirment Insurance & Annuity | $5 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250926103002NAL0011688675001, received 2025-09-26, EIN 81-2907627, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.