Retirement plan

HC SALON HOLDINGS 401(K) PLAN

Name: HC SALON HOLDINGS, INC. - HC SALON HOLDINGS 401(K) PLAN (2024) Form 5500
Creator: HC SALON HOLDINGS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HC SALON HOLDINGS 401(K) PLAN, HC SALON HOLDINGS, INC.

HC SALON HOLDINGS, INC.EIN 85-0647945Plan #001PY 2024

1640 BORO PLACE, 4TH FLOOR - MCLEAN, VA 22102855-606-0274

Prospect flagsLow assets / participantCorrective distributions

How to read this page

Total assets (EOY)

$51.4M

+30.0% from 2023

Total participants

6,042

+5.8% from 2023

Average account balance

$9,601

+21.8% from 2023

Annual return

12.22%

-7.57 pp from 2023

Benchmarks

See 287 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants1,000-4,999

Cohort287 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$51.41M

Not enough data

1 years with asset history on file

Average account balance

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

$10K

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.

5,355

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.

86.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$10.66M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+12.22%

Not enough data

1 years with return on file

Admin fee / account holder

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

$88

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

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

Service providers

Top 2 by compensation

Provider	Service type	Compensation
ADP BROKER-DEALER5+ years Filed as: ADP, INC. Service code 15 · EIN 13-3036745	Recordkeeping	$362,933
CREATIVE PLANNING LLC3 years Filed as: CREATIVE PLANNING HOLDCO, LLC Service code 15 · EIN 84-4519624	Recordkeeping	$106,594

Plan features & details

Pension benefit codes2E2F2G2J2S2T3D3H

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
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 assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$470K

$94 / participant

Recordkeeping$363K77.3%
Investment mgmt$107K22.7%

% of EOY assets

0.913%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: COHNREZNICK
Auditor EIN: 334144829
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$9,601

$55,694-82.8%

$81,844-88.3%

$199,960-95.2%

Participation rate

86.2%

62.7%+23.5pp

72.4%+13.8pp

72.0%+14.2pp

Annual return

12.22%

19.59%-7.4pp

778.87%-766.7pp

34.28%-22.1pp

Employer contribution / active EE

$2,114-100.0%

$2,916-100.0%

$3,036-100.0%

Participant deferral / active EE

$2,142

$3,299-35.1%

$4,323-50.5%

$5,087-57.9%

Admin fee / account holder

$88

$348-74.8%

$7,355-98.8%

$269-67.4%

Provider

Service type

Compensation

ADP BROKER-DEALER5+ years

Filed as: ADP, INC.

Service code 15 · EIN 13-3036745

Recordkeeping

$362,933

CREATIVE PLANNING LLC3 years

Filed as: CREATIVE PLANNING HOLDCO, LLC

Service code 15 · EIN 84-4519624

Recordkeeping

$106,594

HC SALON HOLDINGS 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HC SALON HOLDINGS 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