What are the fees in the So Chic Salon Brands, Inc. 401(k) plan?

For plan year 2022, So Chic Salon Brands, Inc. reported $2,871 in plan administrative expenses, or 0.11% of average plan assets — lower than ~75% of peers. Fund-level expense ratios are not included in public filings.

What is the So Chic Salon Brands, Inc. 401(k) match?

In 2022, employer contributions to the So Chic Salon Brands, Inc. plan averaged $350 per active participant, below the $1,114 median for plans of similar size. Public filings report contribution dollars, not the match formula; the formula is in the plan's summary plan description.

What is the average account balance in the So Chic Salon Brands, Inc. 401(k)?

The average participant account balance was $26,942 for plan year 2022, based on 85 accounts.

So Chic Salon Brands, Inc.401(k)

Name: So Chic Salon Brands, Inc. 401(k) plan: Form 5500 data
Creator: U.S. Department of Labor

SO CHIC SALON BRANDS, INC. 401(K) PROFIT SHARING PLAN · SMYRNA, GA · plan year 2022

Reported admin expense ratio · 2022

0.11%

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

So Chic Salon Brands, Inc. reported $2,871 in plan administrative expenses for 2022: 0.11% of average plan assets, lower than ~75% of peers. Employer contributions averaged $350 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.

The plan sits in the $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other other services employers. By assets it is among the smaller plans on file in Georgia (1,904th of 2,160), and 2,804th of 3,341 in other services. In 2022, employees put in $4.30 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$2,290,063
Participants with balances85
Active participants107
Employer contributions$37,444
Employee contributions$160,868
Employer contribution per active participant$350
Average account balance$26,942
Benefits paid to participants$159,203
Plan auditDisclaimer of opinion
AuditorPRACTICAL AUDIT SOLUTIONS PC

Administrative expenses, itemized · 2022

Recordkeeping & contract admin$2,871

Total administrative$2,871

The So Chic Salon Brands, Inc. 401(k) match · 2022

Employer contribution per active participant$350

Median for plans this size$1,114

So Chic Salon Brands, Inc.'s 2022 employer contribution ran below the $1,114 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

Your balance

Annual cost at the plan's reported 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history1

2022$2,871 · 0.11%

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Source: U.S. Department of Labor, Form 5500 series, EIN 581354753 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.