Plan Ledger DOL Form 5500 · updated monthly

Scott Miller Salon401(k)

SCOTT MILLER SALON 401(K) PROFIT SHARING PLAN & TRUST · ROCHESTER, NY · plan year 2024

Reported admin expense ratio · 2024
0.27%

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

Scott Miller Salon reported $12,484 in plan administrative expenses for 2024: 0.27% of average plan assets, below 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 3 years on file its reported administrative ratio has held roughly steady near 0.27%. 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 New York (4,468th of 5,648), and 2,286th of 3,341 in other services.

Plan summary
Net assets, end of year$5,032,781
Participants with balances88
Active participants169
Employer contributions$0
Employee contributions$346,026
Employer contribution per active participant$0
Average account balance$57,191
Benefits paid to participants$128,182
Plan auditUnmodified (clean) audit opinion
AuditorBOWERS & COMPANY CPAS PLLC
Plan history3
Yearassets · accounts · employer contribution
2024$5.0M · 88 accts
2023$4.3M · 106 accts
2022$4.0M · 102 accts
Administrative expenses, itemized · 2024
Investment management$11,624
Trustee / custodial$860
Total administrative$12,484
The Scott Miller Salon 401(k) match · 2024
Employer contribution per active participant$0
Median for plans this size$1,313

Scott Miller Salon'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 · 20241
CNB WEALTH MANAGEMENT · Investment advisory (participants)$11,624

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$12,484 · 0.27%
2023$11,187 · 0.27%
2022$10,832 · 0.26%
Similar plansOther Services · New York
Northside Collision, Inc. NY$5.5M · 0.50%
Shannon Marie Enterprises NY$5.0M · 0.03%
Educators for Excellence NY$4.9M · 0.03%

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Source: U.S. Department of Labor, Form 5500 series, EIN 161237622 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.