Plan Ledger DOL Form 5500 · updated monthly

Hc Salon Holdings, Inc.401(k)

HC SALON HOLDINGS 401(K) PLAN · MCLEAN, VA · plan year 2024

Reported admin expense ratio · 2024
1.03%

Hc Salon Holdings, Inc. reported $469,529 in plan administrative expenses for 2024: 1.03% of average plan assets, higher than ~90% 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 fell from 1.65% to 1.03%. 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 480th-largest of 2,266 plans among Virginia employers on file, and the 420th of 3,341 in other services.

Plan summary
Net assets, end of year$51,411,253
Participants with balances5,355
Active participants4,975
Employer contributions—
Employee contributions$10,655,215
Employer contribution per active participant—
Average account balance$9,601
Benefits paid to participants$3,630,474
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$51.4M · 5,355 accts
2023$39.6M · 5,017 accts
2022$27.3M · 4,842 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$362,934
Investment management$106,595
Total administrative$469,529
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
ADP, INC. · Loan processing · Recordkeeping$362,933
CREATIVE PLANNING HOLDCO, LLC · Recordkeeping · Trustee$106,594

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

Recordkeeper by year2
2024ADP, CREATIVE PLANNING HOLDCO, LLC
2023ADP, CREATIVE PLANNING HOLDCO, LLC

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

Administrative cost history3
2024$469,529 · 1.03%
2023$396,561 · 1.19%
2022$434,420 · 1.65%
Same employer
Similar plansOther Services · Virginia
Western Branch Diesel LLC VA$58.2M · 0.04%
Armed Forces Benefit Assoc. VA$49.1M · 0.02%
United Way Worldwide VA$45.0M · 0.15%

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Source: U.S. Department of Labor, Form 5500 series, EIN 850647945 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.