Plan Ledger DOL Form 5500 · updated monthly

Coles Salon, Inc.401(k)

COLES SALON, INC. 401(K) PLAN · BURNSVILLE, MN · plan year 2024

Reported admin expense ratio · 2024
0.01%

Coles Salon, Inc. reported $4,791 in plan administrative expenses for 2024: 0.01% of average plan assets, lower 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 0.008% to 0.010%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other other services employers. By assets it is the 501st-largest of 1,918 plans among Minnesota employers on file, and the 431st of 3,341 in other services.

Plan summary
Net assets, end of year$49,483,561
Participants with balances256
Active participants271
Employer contributions—
Employee contributions$1,596,667
Employer contribution per active participant—
Average account balance$193,295
Benefits paid to participants$3,151,011
Plan auditUnmodified (clean) audit opinion
AuditorJOHN A. KNUTSON, & CO., PLLP
Plan history3
Yearassets · accounts · employer contribution
2024$49.5M · 256 accts
2023$42.8M · 262 accts
2022$34.6M · 264 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$4,791
Total administrative$4,791
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.

Recordkeeper by year2
2024Alerus
2023Alerus

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$4,791 · 0.01%
2023$2,943 · 0.01%
2022$3,081 · 0.01%
All plans at this employer2
COLES SALON, INC. 401(K) PLAN401(k)
COLE'S EMPLOYEE STOCK OWNERSHIP PLAN & TRUST AGREEMENTESOP
Same employer
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Source: U.S. Department of Labor, Form 5500 series, EIN 411424867 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.