Plan Ledger DOL Form 5500 · updated monthly

Salon Services Pro Inc401(k)

SALON SERVICES PRO INC 401K PLAN · AUBURN, WA · plan year 2024

Reported admin expense ratio · 2024
0.29%

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

Salon Services Pro Inc reported $12,241 in plan administrative expenses for 2024: 0.29% of average plan assets, below the peer median. Employer contributions averaged $805 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 0.29%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other wholesale trade employers. By assets it is among the smaller plans on file in Washington (1,396th of 1,714), and 3,725th of 4,246 in wholesale trade. In 2024, employees put in $1.63 for every $1.00 the employer contributed; active participation has grown from 120 to 187 since 2022.

Plan summary
Net assets, end of year$4,377,170
Participants with balances155
Active participants187
Employer contributions$150,512
Employee contributions$245,374
Employer contribution per active participant$805
Average account balance$28,240
Benefits paid to participants$826,498
Plan auditUnmodified (clean) audit opinion
AuditorSHANNON & ASSOCIATES LLP
Plan history3
Yearassets · accounts · employer contribution
2024$4.4M · 155 accts · $151K emplr
2023$4.1M · 158 accts · $166K emplr
2022$3.8M · 182 accts · $166K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$4,992
Investment management$7,249
Total administrative$12,241
The Salon Services Pro Inc 401(k) match · 2024
Employer contribution per active participant$805
Median for plans this size$1,313
2024$805 per active participant
2023$904 per active participant
2022$1,385 per active participant

Salon Services Pro 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.

Service providers · 20243
ADP, INC. · Loan processing · Recordkeeping$12,241
ADP BROKER-DEALER · Other servicesindirect 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
2024ADP
2023ADP, Bank of America / Merrill

This plan has changed recordkeepers within these filings. If you left Salon Services Pro Inc before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$12,241 · 0.29%
2023$9,545 · 0.24%
2022$11,772 · 0.27%
Same employer
Similar plansWholesale Trade · Washington
Binford Metals L.L.C. WA$5.8M · 0.71%
Rad Power Bikes, LLC WA$5.2M · 0.94%
Westbay Auto Parts, Inc. WA$5.2M · 0.34%
G. Loomis, Inc. WA$3.7M · 0.00%
Corliss Resources, Inc. WA$3.6M · 0.93%
Pacific Topsoils, Inc. WA$3.5M · 0.01%

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Source: U.S. Department of Labor, Form 5500 series, EIN 911296959 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.