Plan Ledger DOL Form 5500 · updated monthly

Hairuwear Inc.401(k)

HAIRUWEAR INC. 401(K) PLAN · LENEXA, KS · plan year 2024

Reported admin expense ratio · 2024
0.09%

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

Hairuwear Inc. reported $6,266 in plan administrative expenses for 2024: 0.09% of average plan assets, lower than ~75% of peers. Employer contributions averaged $1,022 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 rose from 0.05% to 0.09%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other retail trade employers. By assets it is among the smaller plans on file in Kansas (571st of 828), and 3,146th of 5,215 in retail trade. In 2024, employees put in $5.00 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$7,592,107
Participants with balances101
Active participants114
Employer contributions$116,535
Employee contributions$582,523
Employer contribution per active participant$1,022
Average account balance$75,169
Benefits paid to participants$926,929
Plan auditUnmodified (clean) audit opinion
AuditorBERGANKDV, LLC
Plan history3
Yearassets · accounts · employer contribution
2024$7.6M · 101 accts · $117K emplr
2023$7.0M · 117 accts · $120K emplr
2022$5.6M · 103 accts · $98K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$6,266
Total administrative$6,266
The Hairuwear Inc. 401(k) match · 2024
Employer contribution per active participant$1,022
Median for plans this size$1,313
2024$1,022 per active participant
2023$1,020 per active participant
2022$872 per active participant

Hairuwear Inc.'s 2024 employer contribution ran below 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.

Administrative cost history3
2024$6,266 · 0.09%
2023$4,671 · 0.07%
2022$2,768 · 0.05%
Same employer
Similar plansRetail Trade · Kansas
Briggs Auto Group, Inc. KS$8.9M · 1.15%
Mel Hambelton Ford, Inc. KS$8.9M · 0.62%
Sunlighten, Inc. KS$8.0M · 1.47%
Midwest Bus Sales, Inc. KS$7.1M · 0.50%
Rusty Eck Ford, Inc. KS$7.1M · 0.46%
Cap Carpet, Inc. KS$6.9M · 0.42%
Queen Enterprises, LLC KS$6.6M · 0.71%

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Source: U.S. Department of Labor, Form 5500 series, EIN 430911515 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.