Plan Ledger DOL Form 5500 · updated monthly

Studio of Elegance, Inc.401(k)

STUDIO OF ELEGANCE, INC. PROFIT SHARING AND 401K PLAN · PITTSBURGH, PA · plan year 2023

Reported admin expense ratio · 2023
1.09%

Studio of Elegance, Inc. reported $29,061 in plan administrative expenses for 2023: 1.09% of average plan assets, higher than ~75% of peers. 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 1 year on file its reported administrative ratio rose from 1.03% to 1.09%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other other services employers. By assets it is among the smaller plans on file in Pennsylvania (3,191st of 3,651), and 2,681st of 3,341 in other services.

Plan summary
Net assets, end of year$2,911,595
Participants with balances84
Active participants121
Employer contributions—
Employee contributions$107,717
Employer contribution per active participant—
Average account balance$34,662
Benefits paid to participants$137,106
Plan auditUnmodified (clean) audit opinion
AuditorKLINE, KEPPEL & KORYAK PC
Plan history2
Yearassets · accounts · employer contribution
2023$2.9M · 84 accts
2022$2.4M · 101 accts
Administrative expenses, itemized · 2023
Investment management$26,453
Total administrative$29,061
What these fees cost you

Annual cost at the plan's reported 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20232
JOHN HANCOCK LIFE INSURANCE CO · Recordkeeping · Investment management$150
RAYMOND JAMES FSA INC · Investment advisory (participants)$6,668

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

Administrative cost history2
2023$29,061 · 1.09%
2022$23,686 · 1.03%
Similar plansOther Services · Pennsylvania
The Arc of Butler County PA$3.2M · 0.06%
Cms East, LLC PA$3.2M · 0.13%
Fleet Repair Solutions PA$2.3M · 0.35%
Odd Fellows Home of PA PA$2.2M · 0.64%

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Source: U.S. Department of Labor, Form 5500 series, EIN 251070483 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.