Plan Ledger DOL Form 5500 · updated monthly

Cosmetic Solutions, LLC401(k)

COSMETIC SOLUTIONS, LLC 401(K) PLAN · BOCA RATON, FL · plan year 2023

Reported admin expense ratio · 2023
1.14%

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

Cosmetic Solutions, LLC reported $54,001 in plan administrative expenses for 2023: 1.14% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,571 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 3 years on file its reported administrative ratio has held roughly steady near 0.97%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other retail trade employers. By assets it is among the smaller plans on file in Florida (2,479th of 3,644), and 3,746th of 5,215 in retail trade. In 2023, employees put in $1.87 for every $1.00 the employer contributed; active participation has shrunk from 154 to 122 since 2022.

Plan summary
Net assets, end of year$5,051,345
Participants with balances103
Active participants122
Employer contributions$191,651
Employee contributions$359,122
Employer contribution per active participant$1,571
Average account balance$49,042
Benefits paid to participants$570,436
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$3.4M · 109 accts · $113K emplr
2023$5.1M · 103 accts · $192K emplr
2022$4.4M · 111 accts · $210K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$16,284
Investment management$24,435
Audit (IQPA)$13,282
Total administrative$54,001
The Cosmetic Solutions, LLC 401(k) match · 2023
Employer contribution per active participant$1,571
Median for plans this size$1,308
2024$1,075 per active participant
2023$1,571 per active participant
2022$1,364 per active participant

Cosmetic Solutions, LLC's 2023 employer contribution ran above the $1,308 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20234
NATIONWIDE · Recordkeeping · Loan processing$13,413
NFP RETIREMENT INC. · Investment advisory (plan)$24,435
MAYER HOFFMAN MCCANN P.C. · Accounting / audit$13,282
THE BENEFIT PRACTICE · Other services$2,871

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

Recordkeeper by year2
2024Nationwide
2023Nationwide

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Administrative cost history3
2024$40,924 · 0.97%
2023$54,001 · 1.14%
2022$46,217 · 1.02%
Same employer
Similar plansRetail Trade · Florida
Smith & Deshields, Inc. FL$5.3M · 0.57%
Boston Proper, LLC FL$5.3M · 0.40%
H Gregory 1 Inc. FL$5.1M · 2.00%
Vitadepot.com, LLC FL$4.8M · 0.66%
Bcss, LTD. FL$4.8M · 0.25%

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Source: U.S. Department of Labor, Form 5500 series, EIN 650345555 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.