Retirement plan

HEADWATERS SALONS, LLC 401(K) PLAN

Name: HEADWATERS SALONS, LLC - HEADWATERS SALONS, LLC 401(K) PLAN (2020) Form 5500
Creator: HEADWATERS SALONS, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HEADWATERS SALONS, LLC 401(K) PLAN, HEADWATERS SALONS, LLC

HEADWATERS SALONS, LLCEIN 81-0532833Plan #001PY 2020

5 MICROWAVE HILL RD., SUITE C - MONTANA CITY, MT 59634406-442-2018

Prospect flagsLow participationLow assets / participant

How to read this page

Total assets (EOY)

$1.5M

+38.0% from 2019

Total participants

271

+17.8% from 2019

Average account balance

$7,313

+19.9% from 2019

Annual return

18.17%

-10.39 pp from 2019

Benchmarks

See 1,687 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants100-249

Cohort1,687 peers

Snapshot2020

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$3.37M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$12K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

287

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

65.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$517K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+13.77%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$153

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

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Service providers

Top 2 by compensation

Provider	Service type	Compensation
LT TRUST COMPANY3 years Filed as: LT TRUST Service code 12 · EIN 61-1607607	Participant loan processing; Custodia...	$11,108
CREATIVE PLANNING LLC1 year Filed as: CREATIVE PLANNING, INC. Service code 26 · EIN 43-1270780	Advisory (Participants)	$5,519

Plan features & details

Pension benefit codes2E2J2K2F2G3D3H

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$17K

$92 / participant

Investment mgmt$6K33.2%
Other / not subdivided$11K66.8%

% of EOY assets

1.104%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: THE AMERICAN AUDITORS GROUP, LLC
Auditor EIN: 814229648
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$7,313

$66,124-88.9%

$90,461-91.9%

$73,497-90.0%

Participation rate

63.9%

69.7%-5.8pp

72.7%-8.8pp

70.7%-6.8pp

Annual return

18.17%

17.65%+0.5pp

1294.76%-1276.6pp

28.51%-10.3pp

Employer contribution / active EE

$763

$2,346-67.5%

$3,264-76.6%

$2,270-66.4%

Participant deferral / active EE

$1,138

$3,039-62.6%

$3,964-71.3%

$3,740-69.6%

Admin fee / account holder

$81

$396-79.6%

$5,617-98.6%

$513-84.3%

Provider

Service type

Compensation

LT TRUST COMPANY3 years

Filed as: LT TRUST

Service code 12 · EIN 61-1607607

Participant loan processing; Custodia...

$11,108

CREATIVE PLANNING LLC1 year

Filed as: CREATIVE PLANNING, INC.

Service code 26 · EIN 43-1270780

Advisory (Participants)

$5,519

HEADWATERS SALONS, LLC 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HEADWATERS SALONS, LLC 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion