Plan Snapshot
- Plan Sponsor: Great Salons Of Knoxville, INC.
- Sponsor EIN: 841616153
- Sponsor Address: 209 HAYFIELD RD., KNOXVILLE, TN, 37922
- Plan Type: 401(k)
- Total Participants: 369
- Total Assets: $2.3M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 369 | $2.3M | $61,364 | $630,873 |
| 2023 | 364 | $1.6M | $59,814 | $582,580 |
| 2022 | 331 | $973,525 | $62,822 | $521,357 |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| TA FINANCIAL LIFE INSURANCE COMPANY | Recordkeeper | $19,155 | — | $19,155 |
| ERISA SERVICES, INC. | Recordkeeper | $17,828 | $12 | $17,840 |
| VISIONARY HORIZONS LLC | Investment Advisor | $8,268 | — | $8,268 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- TA FINANCIAL LIFE INSURANCE COMPANY — Recordkeeper
- ERISA SERVICES, INC. — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $45,263
- Estimated Expense Ratio: 2.006% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $36,983 | — | $36,983 | — | — |
| 2023 | $35,026 | — | $35,026 | — | — |
| 2022 | $25,172 | — | $25,172 | — | — |