Plan Ledger DOL Form 5500 · updated monthly

Allure Medical Spa401(k)

ALLURE MEDICAL SPA 401(K) TRUST · SHELBY TOWNSHIP, MI · plan year 2024

Reported admin expense ratio · 2024
0.37%

Peer grade: B+ · admin costs + employer contributions vs same-size plans · how grading works

Allure Medical Spa reported $12,668 in plan administrative expenses for 2024: 0.37% of average plan assets, below the peer median. Employer contributions averaged $2,163 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio fell from 0.43% to 0.37%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Michigan (2,145th of 2,619), and 8,636th of 11,911 in health care & social assistance. In 2024, employees put in $2.25 for every $1.00 the employer contributed; active participation has grown from 49 to 57 since 2022.

Plan summary
Net assets, end of year$3,882,025
Participants with balances173
Active participants57
Employer contributions$123,316
Employee contributions$277,325
Employer contribution per active participant$2,163
Average account balance$22,439
Benefits paid to participants$55,398
Plan auditUnmodified (clean) audit opinion
AuditorUHY LLP
Plan history3
Yearassets · accounts · employer contribution
2024$3.9M · 173 accts · $123K emplr
2023$3.0M · 168 accts · $108K emplr
2022$2.4M · 171 accts · $93K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$12,668
Total administrative$12,668
The Allure Medical Spa 401(k) match · 2024
Employer contribution per active participant$2,163
Median for plans this size$1,313
2024$2,163 per active participant
2023$1,889 per active participant
2022$1,907 per active participant

Allure Medical Spa's 2024 employer contribution ran above the $1,313 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20241
DECIMAL INC. · Plan administrator · Recordkeeping$12,668

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024DECIMAL INC.
2023DECIMAL INC.

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Administrative cost history3
2024$12,668 · 0.37%
2023$11,958 · 0.44%
2022$11,680 · 0.43%
Similar plansHealth Care & Social Assistance · Michigan
Community Programs, Inc. MI$4.1M · 0.88%
Matrix Human Services MI$4.0M · 1.25%
Custom Home Health, Inc. MI$3.8M · 0.53%
Hurley Practice MI$3.7M · 0.27%

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Source: U.S. Department of Labor, Form 5500 series, EIN 200843620 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.