Plan Ledger DOL Form 5500 · updated monthly

Ladies & Gentlemen Hair Stylists, Inc.401(k)

LADIES & GENTLEMEN HAIR STYLISTS, INC. 401(K) PLAN · MENTOR, OH · plan year 2024

Reported admin expense ratio · 2024
0.66%

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

Ladies & Gentlemen Hair Stylists, Inc. reported $31,210 in plan administrative expenses for 2024: 0.66% of average plan assets, above the peer median. Employer contributions averaged $0 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 0.48% to 0.66%. 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 Ohio (2,546th of 3,295), and 2,297th of 3,341 in other services.

Plan summary
Net assets, end of year$4,957,306
Participants with balances129
Active participants156
Employer contributions$0
Employee contributions$342,244
Employer contribution per active participant$0
Average account balance$38,429
Benefits paid to participants$487,984
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$5.0M · 129 accts
2023$4.6M · 143 accts
2022$4.0M · 153 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$17,766
Investment management$13,444
Total administrative$31,210
The Ladies & Gentlemen Hair Stylists, Inc. 401(k) match · 2024
Employer contribution per active participant$0
Median for plans this size$1,313

Ladies & Gentlemen Hair Stylists, Inc.'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 · 20245
CETERA RETIREMENT PLAN SPECIALISTS · Recordkeeping · Loan processing$13,773
TRANSAMERICA LIFE INSURANCE COMPANY · Recordkeeping · Loan processing$5,794
FOURTH DIMENSION WEALTH LLC · Investment advisory (plan)$10,069
CETERA INVESTMENT ADVISORS LLC · Investment advisory (plan)$6,738
LEAFHOUSE FINANCIAL ADVISORS, LLC · Investment advisory (plan)$2,737

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

Recordkeeper by year2
2024CETERA RETIREMENT PLAN SPECIALISTS, Transamerica
2023CETERA RETIREMENT PLAN SPECIALISTS, Transamerica

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

Administrative cost history3
2024$31,210 · 0.66%
2023$26,031 · 0.61%
2022$20,447 · 0.48%
Similar plansOther Services · Ohio
Cip International Inc OH$5.1M · 0.42%
Same OH$4.5M · 0.43%
Applewood Centers, Inc. OH$4.4M · 0.94%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 341548748 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.