Plan Ledger DOL Form 5500 · updated monthly

Amarillo College of Hairdressing, Inc.401(k)

MILAN INSTITUTE PROFIT SHARING 401K PLAN · VISALIA, CA · plan year 2024

Reported admin expense ratio · 2024
0.92%

Amarillo College of Hairdressing, Inc. reported $69,517 in plan administrative expenses for 2024: 0.92% of average plan assets, higher than ~75% of peers. 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 rose from 0.81% to 0.92%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other educational services employers. By assets it is among the smaller plans on file in California (5,994th of 9,483), and 2,254th of 3,091 in educational services. active participation has grown from 409 to 508 since 2022.

Plan summary
Net assets, end of year$8,048,263
Participants with balances870
Active participants508
Employer contributions—
Employee contributions$847,345
Employer contribution per active participant—
Average account balance$9,251
Benefits paid to participants$626,589
Plan auditUnmodified (clean) audit opinion
AuditorSALMON SIMS THOMAS & ASSOCIATES
Plan history3
Yearassets · accounts · employer contribution
2024$8.0M · 870 accts
2023$7.0M · 861 accts · $612 emplr
2022$6.4M · 816 accts · $2 emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$39,967
Investment management$29,550
Total administrative$69,517
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 · 20242
TRANSAMERICA FINANCIAL LIFE INS CO · Recordkeeping · Loan processing$39,967
WELLS FARGO CLEARING SERVICES, LLC · Consulting · Insurance services$29,550

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

Recordkeeper by year2
2024Transamerica
2023Transamerica

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Administrative cost history3
2024$69,517 · 0.92%
2023$58,046 · 0.87%
2022$58,427 · 0.81%
All plans at this employer2
MILAN INSTITUTE PROFIT SHARING 401K PLAN401(k)
MILAN INSTITUTE EMPLOYEE STOCK OWNERSHIP PLANESOP
Same employer
Similar plansEducational Services · California
American Film Institute CA$8.6M · 0.01%
Achievekids CA$8.4M · 0.01%
Black Pine Circle, Inc. CA$8.0M · 0.84%
The Wesley School CA$7.7M · 0.00%
Caliber Public Schools CA$7.6M · 0.79%

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Source: U.S. Department of Labor, Form 5500 series, EIN 751640547 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.