Plan Ledger DOL Form 5500 · updated monthly

Partners Hair Design Group, Inc.401(k)

PHD, INC. PROFIT SHARING PLAN · MCLEAN, VA · plan year 2024

Reported admin expense ratio · 2024
0.44%

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

Partners Hair Design Group, Inc. reported $61,920 in plan administrative expenses for 2024: 0.44% of average plan assets, above the peer median. Employer contributions averaged $320 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 0.435%. 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 among the smaller plans on file in Virginia (1,196th of 2,266), and the 1,299th of 3,341 in other services. In 2024, employees put in $9.90 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$14,804,749
Participants with balances226
Active participants230
Employer contributions$73,614
Employee contributions$729,066
Employer contribution per active participant$320
Average account balance$65,508
Benefits paid to participants$1,458,747
Plan auditUnmodified (clean) audit opinion
AuditorTHE NAIR GROUP, LLC
Plan history3
Yearassets · accounts · employer contribution
2024$14.8M · 226 accts · $74K emplr
2023$13.7M · 233 accts · $70K emplr
2022$11.5M · 227 accts · $65K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$34,014
Investment management$27,906
Total administrative$61,920
The Partners Hair Design Group, Inc. 401(k) match · 2024
Employer contribution per active participant$320
Median for plans this size$2,416
2024$320 per active participant
2023$306 per active participant
2022$269 per active participant

Partners Hair Design Group, Inc.'s 2024 employer contribution ran below the $2,416 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
CAPITAL GROUP RETIREMENT PLAN SVCS. · Trustee (directed) · Other services$34,014
TRUIST ADVISORY SERVICES INC · Investment advisory (plan)$27,906

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

Administrative cost history3
2024$61,920 · 0.44%
2023$51,317 · 0.41%
2022$54,196 · 0.44%
Same employer
Similar plansOther Services · Virginia
Global Impact VA$15.8M · 0.35%
Patient Advocate Foundation VA$14.9M · 0.30%
Reston Association VA$14.5M · 0.20%

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Source: U.S. Department of Labor, Form 5500 series, EIN 541462492 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.