Plan Ledger DOL Form 5500 · updated monthly

Hair Club for Men of Boston LTD.401(k)

HAIR CLUB FOR MEN OF BOSTON LTD. 401(K) SAVINGS AND PROFIT SHARING PLAN · BRAINTREE, MA · plan year 2024

Reported admin expense ratio · 2024
0.01%

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

Hair Club for Men of Boston LTD. reported $943 in plan administrative expenses for 2024: 0.01% of average plan assets, lower than ~75% of peers. Employer contributions averaged $450 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 0.61% to 0.01%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other other services employers. By assets it is among the smaller plans on file in Massachusetts (1,946th of 2,726), and 1,712th of 3,341 in other services. In 2024, employees put in $5.84 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$9,399,591
Participants with balances124
Active participants154
Employer contributions$69,290
Employee contributions$404,869
Employer contribution per active participant$450
Average account balance$75,803
Benefits paid to participants$463,423
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$9.4M · 124 accts · $69K emplr
2023$8.3M · 120 accts · $54K emplr
2022$7.3M · 153 accts · $83K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$943
Total administrative$943
The Hair Club for Men of Boston LTD. 401(k) match · 2024
Employer contribution per active participant$450
Median for plans this size$1,313
2024$450 per active participant
2023$342 per active participant
2022$488 per active participant

Hair Club for Men of Boston LTD.'s 2024 employer contribution ran below the $1,313 median for plans its size, in the bottom quarter of its peers. 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 · 20242
AMERICAN UNITED LIFE INSURANCE CO · Recordkeeping · Loan processing$1,767
GALLAGHER BENEFIT SVCS INC · Consultingindirect comp

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

Recordkeeper by year2
2024OneAmerica
2023OneAmerica

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

Administrative cost history3
2024$943 · 0.01%
2023$1,088 · 0.01%
2022$48,088 · 0.61%
Same employer
Similar plansOther Services · Massachusetts
Rogerson Communities MA$10.7M · 0.16%
Anton's Cleaners, Inc. MA$10.4M · 0.01%
Hopewell Inc. MA$9.7M · 0.05%
The Leavitt Corporation MA$7.6M · 0.01%

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Source: U.S. Department of Labor, Form 5500 series, EIN 042731456 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.