Plan Ledger DOL Form 5500 · updated monthly

Zafco, Inc. dba Salon Buzz401(k)

SALON BUZZ RETIREMENT PLAN · CHICAGO, IL · plan year 2024

Reported admin expense ratio · 2024
0.18%

Zafco, Inc. dba Salon Buzz reported $16,955 in plan administrative expenses for 2024: 0.18% of average plan assets, lower 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 2 years on file its reported administrative ratio rose from 0.02% to 0.18%. 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 Illinois (2,393rd of 3,702), and the 1,662nd of 3,341 in other services.

Plan summary
Net assets, end of year$9,945,212
Participants with balances102
Active participants83
Employer contributions—
Employee contributions$476,914
Employer contribution per active participant—
Average account balance$97,502
Benefits paid to participants$304,215
Plan auditUnmodified (clean) audit opinion
AuditorPBG FINANCIAL SERVICES PLLC
Plan history3
Yearassets · accounts · employer contribution
2024$9.9M · 102 accts
2023$8.6M · 103 accts
2022$8.2M · 115 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$16,955
Total administrative$16,955
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$12,840
MERRILL LYNCH PIERCE FENNER & SMITH · Recordkeeping · Pension consulting$4,114
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, Bank of America / Merrill
2023ADP, Bank of America / Merrill

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$16,955 · 0.18%
2023$3,326 · 0.04%
2022$1,774 · 0.02%
Similar plansOther Services · Illinois
Milestone, Inc. IL$10.2M · 0.33%
Safer Foundation IL$9.3M · 0.67%
New Star, Inc. IL$9.1M · 0.67%
Iti Intermodal, Inc. IL$8.7M · 0.63%

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Source: U.S. Department of Labor, Form 5500 series, EIN 364241110 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.